Featured Articles

Nvidia adjusts GTX 980 and GTX 970 pricing

Nvidia adjusts GTX 980 and GTX 970 pricing

It appears that Nvidia has been feeling the pulse of the market and took some note from comments regarding the original…

More...
iPhone 6 and 6 Plus reviews are up and they are good

iPhone 6 and 6 Plus reviews are up and they are good

Apple is dancing the same dance year after year. It releases the iPhone and two days before they start shipping it…

More...
Amazon announces three new tablets

Amazon announces three new tablets

Amazon has just released three new tablets starting with the $99 priced 6-inch Kindle Fire HD6. This is a 6-inch tablet…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Nvidia Shield Tablet 32GB 4G LTE out for pre orders

Nvidia Shield Tablet 32GB 4G LTE out for pre orders

Nvidia has finally revealed the shipping date of its Shield Tablet 32GB in 4G LTE flavour and in case you pre-order…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 12 March 2008 05:40

DivX misses Q1 forecast

Written by David Stellmack
Image

Analysts express disappointment


U.S. video compression software manufacturer, DivX, Inc., reported a drop of 50 percent in its profit after factoring in higher expenses than anticipated and forecast that its earnings for Q1 will be below that anticipated.

This sent DivX’s stock down about 25 percent. DivX reported that its revenue increased 47 percent to $24.5 million and reported net income of $3.7 million, compared to $7.4 million for the same period one year ago.

San Diego, California-based DivX said that its operating expenses were $25.8 million, nearly double that anticipated, due to increased expenses in general and administrative overhead and sales costs.

Last modified on Wednesday, 12 March 2008 08:39

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments