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Short take: Diamond Multimedia cuts loss for second quarter

Computer peripherals vendor Diamond Multimedia reported a loss of 24 cents per share for its second quarter. That compares with a loss of $1.29 per share reported for the same period last year. The company's net revenues for the quarter were $172.3 million, compared with $53 million a year ago.

Computer peripherals vendor Diamond Multimedia reported a loss of 24 cents per share for its second quarter. That compares with a loss of $1.29 per share reported for the same period last year. The company's net revenues for the quarter were $172.3 million, compared with $53 million a year ago.