Feeds

SonicBlue Q4 revenues collapse

Revenues down 45 per cent, loss balloons

  • alert
  • submit to reddit

New hybrid storage solutions

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. ®

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.