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Netflix to Raise $105 Million Through Sale of 3.5 Million Shares

Authored by Mark Hefflinger on April 28, 2006 - 9:07am.
Los Gatos, Calif. - Online DVD rental service Netflix announced on Friday plans to sell 3.5 million shares of its stock, priced at $30 each. The transaction is expected to close on May 3. The company said it will use the approximately $105 million in proceeds for general corporate purposes. Earlier this week, Los Gatos, Calif.-based Netflix reported that it now counts 4.87 million subscribers, and also raised its year-end subscriber target from 5.9 million to 6.3 million.
tags: Netflix | Raise | Sale | Share | 3.5 Million |

XOS Technologies to Share College Sports News with ESPN

Authored by Mark Hefflinger on March 31, 2006 - 8:04am.
Sanford, Fla. - XOS Technologies, a provider of websites for collegiate teams and conferences, has signed an agreement with ESPNU and ESPN.com for sharing of online news, information, features and video and audio assets, as well as cross-promotion programs. Florida-based XOS provides Internet publishing for about 65 sports teams, leagues and conferences, including Louisiana State University, Duke University, and the Sun Belt Conference.
tags: ESPN | Share | XOS Technologies | College Sports News |

Atom Entertainment Adds Video Uploads, Sharing to AddictingClips Site

Authored by Mark Hefflinger on March 30, 2006 - 9:00am.
San Francisco - Atom Entertainment, a distributor of short films and online games, announced on Thursday a new feature on its AddictingClips video site that lets users upload and share video, animation and Flash games online, including content uploaded directly from mobile phones. AddictingClips will allow users to share content either publicly or privately; the site also offers features found on other video-sharing sites like YouTube, which let users to link to video clips and embed them on outside websites.
tags: Atom Entertainment | Website | Share | Video Uploads | AddictingClips |

Atari Shares Fall 40% on Unexpected Loss; Company's Future in Question

Authored by Mark Hefflinger on February 10, 2006 - 3:06am.
New York - Shares of video game publisher Atari, a unit of France-based Infogrames, fell more than 40% on Thursday after the company reported an unexpected loss of $4.8 million during its fiscal third quarter ended Dec. 31. The loss of 4 cents per share is compared with income of $19.6 million, or 16 cents per share, in the same period a year earlier, and was far short of analysts' expectations of a 17 cents per share profit for the quarter. Atari's revenue for the period, which included the crucial holiday shopping period, was $100.8 million, down 36% from the same time last year -- which the company attributed to fewer releases and weak sales. In its quarterly filing, Atari raised "substantial" doubt as to its ability to continue operating as a viable company. Parent company Infogrames also saw its shares fall nearly 19% on the news.
tags: Atari | Loss | Question | Fall | Share | 40%% | Unexpect | Future |

Washington Post: Google's Stock Hits $400 a Share

Authored by Mark Hefflinger on November 18, 2005 - 3:10am.
Washington - The Washington Post on Friday reported on Google' skyrocketing stock, which on Thursday closed above $400 for the first time since it began trading at $85 a little over a year ago. "At some point, deceleration will happen," American Technology Research analyst David Edwards told Bloomberg News. "The question is whether that will happen next year." Others were less skeptical. "It is tempting to look at $400 and say it is overpriced and has gone up so fast," Piper Jaffray Safa Rashtchy told The Post. "I'm not saying it is dirt cheap, but it could be trading much higher."
tags: Google | Share | Washington Post |

FCC Approves Feature Letting TiVo Users Share Shows Over the 'Net

Authored by Mark Hefflinger on August 4, 2004 - 3:44am.
Alviso, Calif. -- The Federal Communications Commission (FCC) on Wednesday granted approval to new technology from digital video recorder maker TiVo, which will allow users to share recordings of digital TV shows over the Internet with a limited number of friends. The FCC approved the security measures TiVo will implement on its TiVoToGo feature, which opponents from the Motion Picture Association of America (MPAA) and National Football League had argued were not strong enough and would result in mass illegal copying. "TiVo has always tried to maintain an appropriate balance between consumer interests and the rights of content providers," said TiVo CEO Mike Ramsay. The MPAA said it was disappointed the FCC did not outline to whom TiVo users may send programs, as "technologies that enable redistribution of copyrighted TV programming beyond the local TV market disrupt local advertiser-supported broadcasting and harm TV syndication markets."
tags: TiVo | FCC | Share | Net |

Games, DVD Firm Zoo Digital Seeks $9.8 Million in Share Placement

Authored by Mark Hefflinger on November 19, 2003 - 7:20am.
London -- Zoo Digital, a U.K.-based video game publisher and provider of DVD authoring software, on Wednesday announced that will seek to raise $9.8 million in a share placement with new and existing institutional investors. The company said that the funds will be used to accelerate the development of its DVD-Extra technology; invest in sales and support in Europe, the U.S. and Asia; further invest in patent protection and filing of additional patents, and provide additional working capital to continue the development of the business and to repay the company's long-term debt.
tags: Games | DVD | Share | Zoo Digital |

Nintendo: GameCube Price Drop Quadrupled Sales; Market Share Now 37%

Authored by Mark Hefflinger on November 4, 2003 - 8:28am.
Redmond, Wash. -- Nintendo of America announced on Tuesday that, since discounting the price of its GameCube video game console in the U.S. to $99 just over a month ago, sales of the product have quadrupled. The company also cites sales figures gathered from the nation's largest retailers that show the GameCube has risen from 19% to 37% of game console market share, ahead of Microsoft's Xbox. According to data from NPD Group, Nintendo GameCube sales are up 2% percent over figures from last year, while sales for Microsoft's Xbox dropped 3% and Sony's PlayStation 2 dropped 17.5%. The company also announced that on Nov. 17 it will begin selling a $99 package that includes the GameCube console and its "The Legend of Zelda Collector's Edition Bundle" -- which features the original title for NES, "Zelda II: The Adventure of Link," "The Legend of Zelda: Ocarina of Time," "The Legend of Zelda: Majora's Mask" and a playable demo of "The Legend of Zelda: The Wind Waker."
tags: Nintendo | GameCube | Market | Share | Quadrupled |