RealNetworks Fourth Quarter Profits Tank
RealNetworks’ profits tanked during the recent fourth quarter due to a reduced payout schedule from Microsoft. Towards the end of 2005, RealNetworks negotiated a $761 million, out-of-court antitrust settlement with Microsoft which buoyed the company’s profit line while masking their mediocre earnings. Now that the payouts are diminishing, the real profitability story is emerging. During the fourth quarter, settlement...
Proel Buys Turbosound
Proel, an Italian concern, confirmed that it has acquired the assets of Turbosound Ltd. The deal, for an undisclosed amount, looks set to transform the profiles of both companies in key market sectors. The acquisition, which has been rumored for sometime, but was only sealed last week, is expected to add depth to Proel’s position in the pro-audio marketplace, allowing it to benefit from the international reputation of the...
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