Tweet

C-COR.net Reports Sales Drop

By Matt Stump -- Multichannel News, 10/17/2002 8:07:00 AM

Another cable-equipment vendor released a rocky earnings report, with C-COR.net Corp. reporting first-quarter net sales of $44.6 million, a 14 percent drop from the previous year's sales of $52 million.

The company reported a $7.3 million net loss in the quarter, almost one-half of which was attributable to costs associated with its acquisition of Philips Broadband Networks.

Net loss on a per-share basis was 20 cents in the quarter compared with 17 cents a year ago.

C-COR.net did sound hopeful that fourth-quarter sales would improve, estimating revenue of between $57 million and $63 million. Revenue and expenses from the Phillips purchase was effective as of Aug. 26.

Tweet

Talkback

We would love your feedback!

Post a comment

» View All Talkback Threads

Related Content

• Topics
• Author

No related content found.

Also by this author

• Streamed Advertising Starts Making a Dent

• Cable Could Haul Wireless Calls

• Imagine a More Efficient Stream

• Comcast, GM Provide Free CBS VOD

• Comcast VOD Scores on Draft Weekend

More >>>

• Resource Center
• Browse Categories
• Browse Companies

Featured Company

• Seachange

  

  SeaChange International is the global leader in multi-screen video and one of the largest software companies worldwide. Providing innovative, Emmy award-winning solutions and services for back office, advertising, content, in-home devices and broadcast to hundreds of media compa..more

---

Most Recent Resources

• The New Normal for Promoting Tune-in
• Infrastructure Design for High Volume Video Workflows
• Improving the Internet TV and Mobile Video Experience – an Adap..
• Increasing Efficiency in Digital Distribution of Media
• The Local Origination/Leased Access Metamorphosis