Feeds

SonicBlue Q4 revenues collapse

Revenues down 45 per cent, loss balloons

  • alert
  • submit to reddit

Next gen security for virtualised datacentres

SonicBlue saw its year-on-year revenues halve today when it reported its Q4 2000 figures.

As SonicBlue, the company reported revenues of $99.2 million for the three months to 31 December 2000. This time last year it was still known as S3, and reported revenues of $180.5 million.

It's not hard to see why. In the intervening 12 months, SonicBlue has shut down or sold off many of the products the company was best known for. Gone are S3's 3D chip business and the Diamond Multimedia graphics card business. That alone took $9.8 million off the company's bottom line.

For the quarter SonicBlue lost $37.1 million (40 cents a share), but factor in special items, including "amortisation of goodwill, losses from the liquidation of short-term investments, losses from Rioport", and the loss totals $67.5 million (72 cents per share). During Q4 1999, it lost $6.9 milion.

For the year as a whole, SonicBlue achieved net income of $312.8 million ($3.12 per share) on revenues of $536.7 million. It hopes to realise revenues of around $400 million for the current fiscal year.

For fiscal 2001, SonicBlue is expecting good results from its Rio MP3 player business, which grew 24 per cent between Q3 and Q4 2000, and "captured a market share position in excess of 50% during the fourth quarter", according to CEO Ken Potashner.

And today SonicBlue bought ReplayTV, the TiVO-style digital VCR maker, in a stock swap. Ever acquisitive, the company also bought Sensory Science, which makes home AV products, such as digital TVs. The Sensory Science deal is worth around $8 million. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?