Sigma released another firmware update to its high-end compact camera, the 14MP DP2, which became available in February. The firmware update, version 1.02, adds several updates to the camera.
Language Log notes that Apple's Dictionary program (v. 1.02 running in Tiger) gave an interesting pronunciation for "Myanmar:" It's pronounced "Burma."
Utilities Updates: iPartition 1.02; Yellow Button 1.2.4; PithHelmet 0.7.3; more
Utilities Updates: Laze E. 1.5b6; FAwindowing 101 1.02; IPNetMonitorX 1.3c1; MultiDock 1.1; more
Game publisher Activision on Monday increased its earnings forecast for the current first quarter and the full 2003 fiscal year, citing strong sales of new titles. The company said in a statement it expects earnings of 18 cents a share and revenue of $165 million for the quarter, compared with previous guidance of 10 cents a share and revenue of $145 million. For the year, the company now expects earnings of $1.10 a share and revenue of $890 million, up from previous guidance of $1.02 a share and revenue of $870 million. Activision's games based on the movie "Spider-Man" topped sales charts in May. The company also has several successful franchises of its own, including the "Tony Hawk Pro Skater" series of skateboarding games.
Game publisher Activision reported record sales and earnings Tuesday for its 2002 fiscal year, ended March 31. Sales for the period totaled $786 million, compared with $620 million the previous year. Net income was $52.5 million, or 88 cents a share, compared with $21 million, or 50 cents a share, a year ago. Sales for the fourth quarter were $165 million, up from $127 million during the same period a year ago. Quarterly earnings were $11 million, or 17 cents a share, up from $1 million, or 2 cents a share. The company also increased guidance for the current year, saying it now expects profit of $1.02 a share and sales of $845 million to $870 million for fiscal 2003. CEO Bobby Kotick attributed the results to franchises such as the "Tony Hawk" series of skateboarding games and strong consumer acceptance of new game systems.
Telecommunications gear maker Marconi said Tuesday that it will cut an additional 4,000 jobs to spur the company's return to profitability. The U.K.-based company suffered with the rest of the telecom industry from a decrease in capital spending by telecom carriers over the past few quarters. Marconi's core telecom business generated $1.02 billion (?706 million) in sales in the third fiscal quarter ended Dec. 31. That compares with revenue of $1.62 billion during the year-ago quarter. Marconi shed 9,000 jobs in its third fiscal quarter, reducing its worldwide staff to 41,000 people from 49,000 in three months. The company also chopped its core telecom business by 23 percent to 30,000 in the nine months ended Dec. 31. Marconi said it expects to experience its usual seasonal uplift in sales from the third to the fourth fiscal quarter, but added that dour market conditions might dampen this rise.
GlobeSpan said it would merge with Virata in an all-stock deal worth $1.3 billion. Globespan, which makes software and chips for DSL (digital subscriber line) networks, will exchange 1.02 shares for every share of Virata, a maker of software and components for DSL and other broadband technologies. The combined company would have pro forma revenue of $528 million for the 12 months ended June 30, 2001, with $700 million in cash and $135 million in debt. The new company will be called GlobeSpan Virata and will be based in Red Bank, N.J.
Internet and telecommunications service provider PSINet reported a narrower-than-expected loss for the fourth quarter on strong revenue numbers. Excluding charges, the company reported a loss of $53.2 million, or $1.02 per share. A consensus of analysts' estimates expected the company to lose $1.07 per share for the quarter. Revenue rose 170 percent to $93.9 million, from $34.8 million a year ago.
Verio, a business ISP and network services company, posted a fourth quarter loss of $33.7 million, or $1.02 per share, topping Wall Street's estimates. Financial analysts expected the company to lose $1.08 per share, according to First Call. The company, which went public early last year, reported revenue of $37.1 million for the quarter ended December 31.