A new $1.12 billion contract in Taiwan and new networks in 23 other countries bolster the chipmaker's wireless vision.
Video and computer game retailer GameStop reported sales were up 48.2 percent to $1.12 billion for its fiscal year ended Feb. 2. Earnings for the year were $7 million, or 18 cents a share, compared with a loss of $12 million, or 33 cents a share, the previous year. GameStop, which runs stores under the GameStop, Babbage's and Software Etc. names, raised about $326 million in its initial public offering last month. The Grapevine, Texas-based company is a unit of book retailer Barnes & Noble.
Local phone giant BellSouth reported a fourth-quarter net income of $792 million, or 42 cents a share, on revenue of $7.64 billion. That compares with income of $1.12 billion, or 59 cents a share, and revenue of $7.31 billion for the same quarter a year ago. Excluding charges, BellSouth posted earnings of 63 cents a share in the quarter vs. analyst expectations of 60 cents a share as surveyed by First Call. BellSouth also posted $1.21 billion in data revenue for the quarter, an increase of about 25 percent from a year ago. The company reduced its work force by about 16 percent over the year to 87,875 and expects earnings per share to grow between 7 percent and 9 percent and operating revenue to increase between 5 percent and 7 percent in 2002.
Big Blue reports quarterly earnings of $1.12 per share, beating revised expectations and showing that the impact from the technology glitch was minimal.
Surf Express 1.12 and GoMac 1.5 minor conflict
Paul Allen and Vulcan Ventures sold 1.12 million shares, or a 5.6 percent stake, in Broderbund Software in late July and early August, for $21.25 to $23.38 a share, according to a filing with the Securities and Exchange Commission. Allen is president and director of Vulcan Ventures.