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Short Take: Global Village's revenues plunge

Global Village reported revenue fell to $15.9 million, from $28.4 million for the same period last year, due to the slower than expected transition from 33.6 to 56-kbps modems, which the company said resulted in lower revenues for desktop and portable modems. Net loss was $2 million, or 12 cents per share.

Global Village reported revenue fell to $15.9 million, from $28.4 million for the same period last year, due to the slower than expected transition from 33.6 to 56-kbps modems, which the company said resulted in lower revenues for desktop and portable modems. Net loss was $2 million, or 12 cents per share.