Macrovision, developer of the much anticipated VHS, DVD, games and audio cd copy protections has been featured on three press releases on Yahoo today. As I reported in an earlier posted article, Macrovision has yesterday reported their net revenues and earnings for the second quarter of 2001.
Altough they made a record revenue, their shares dropped nearly 20 percent as more aggressive investors sold out of disappointment that the company did not raise its financial guidance for the second half of the year.
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Macrovision, which is the leading provider of content security systems for videocassettes, DVDs, and software, reported pro forma earnings on Monday of $10.4 million, or 20 cents per share, ahead of the average Thomson Financial/First Call estimate of 18 cents from a survey of seven brokers, and up from $8.3 million, or 16 cents, in the year-earlier quarter.Revenues for the second quarter were up 12 percent over the prior quarter and 38 percent over the year-earlier period.On a net basis, though, including amortization of goodwill and deferred stock compensation as well as charges for impaired investments, earnings fell to $5.1 million, or 10 cents per share, from $5.6 million, or 13 cents, in the year-earlier period.
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If you hate copy protections like SafeDisc and SafeAudio you might like this news. But this means certainly not the end of Macrovision, so backing up a CD will still be a fun experience
Source: Yahoo.com
