The money spent wiped out the £4.3m profit made by other parts of the Chrysalis empire. Chrysalis CEO Richard Huntingford said, however, that the new media division will hit profitability within three years.
Scan Cisco's recently announced third quarter financial results and you could be confused as to whether the company made a $230m profit or a whopping $2.7bn loss. The cause of the confusion is that more and more CEOs at public US companies are...
But after prolonged talks the deal fizzled out. While rival Commerce One kick-started January with a fiscal year 2000 fourth quarter loss of $10.8m, Ariba was revelling in an operating profit of $14m.
The introduction of NetWare 6 in September completed a great deal of the infrastructure picture. While much of the tech industry has been blighted by poor results, Novell has bucked this trend and achieved both increasing revenue and a small profit.
Consumer electronics giant Sharp has confirmed it is in talks to supply Vodafone with up to a million phone handsets with built-in cameras. Reports in the Japanese press over the weekend suggested the two may join foces to sell phones in seven...
Away from the US, the picture is less clear-cut. Last year, it made a loss of $140m on revenues of $33m and still looks to be a long way from turning a profit. Building any nationwide network, even a wireless network, is a cash-hungry activity and...