Breaking News

Razer Unveils the Ultra-Lightweight DeathAdder V4 Pro Sony launches a high-resolution shotgun microphone with superior sound quality and compact design. Arctic announces New Liquid Freezer III Pro 280 and Pro 420 Silicon Power Launches Hypera microSDXC Express Card Samsung announces Watch8, Z Fold7 and Z Flip7

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Macrovision shares soar after earnings

Macrovision shares soar after earnings

General Interest Apr 30,2002 0

Shares of Macrovision Corp. soared 19 percent on Tuesday, a day after the company posted quarterly results that beat Wall Street's expectations and reported strong growth in its software designed to protect against DVD pirating. Shares of Macrovision, whose software is used to prevent unauthorized copying of VHS tapes, DVDs, and CDs, rose $3.63 to $23 and were among the top net and percent gainers in early afternoon on the Nasdaq market.

After the close of the market Monday, Sunnyvale, California-based Macrovision reported earnings excluding charges of 18 cents a share, handily beat the 16 cents a share analysts, on average, had expected, according to Thomson Financial/First Call.

The DVD division revenues grew by 39 percent, up from about 25 percent growth in the December quarter. The company also saw stronger-than-expected results from its Globetrotter Software, which helps software companies manage the product licenses they sell.

"There was some pessimism built into the stock," Thomas Weisel Partners analyst Keith Gay said. "Another possibility that looms ahead of them and could be a catalyst is a selection the movie industry is set to make for a copy-protection standard for DVD-to-DVD (copying), which should be coming within the next couple of days. That's a possible positive for the stock, too."

Tags: MACMacrovision
Previous Post
SONY SHATTERS AREAL DENSITY RECORD FOR TAPE STORAGE
Next Post
Liquid Audio to let subscribers burn music

Related Posts

  • 7 Best Printers for Mac

  • Logitech Unveils Diverse Portfolio of Mice and Keyboards “Designed for Mac”

  • New 1TB JetDrive™ Lite 330 Expansion Cards Expand Capacity for Your MacBook Pro

  • Apple's Own Computer Processors Expected to be Ready by Next Year

  • Microsoft Announces Defender ATP for Mac

  • CD Digital Card Offers CopyBlock Protection For DVDs

  • Macrovision Becomes 'Rovi'

  • Hitachi to Incorporate Macrovision's Digital G-Guide Interactive Program Guide Technology into its Digital Televisions and Digital Video Recorders

Latest News

Razer Unveils the Ultra-Lightweight DeathAdder V4 Pro
PC components

Razer Unveils the Ultra-Lightweight DeathAdder V4 Pro

Sony launches a high-resolution shotgun microphone with superior sound quality and compact design.
Cameras

Sony launches a high-resolution shotgun microphone with superior sound quality and compact design.

Arctic announces New Liquid Freezer III Pro 280 and Pro 420
Cooling Systems

Arctic announces New Liquid Freezer III Pro 280 and Pro 420

Silicon Power Launches Hypera microSDXC Express Card
Cameras

Silicon Power Launches Hypera microSDXC Express Card

Samsung announces Watch8, Z Fold7 and Z Flip7
Smartphones

Samsung announces Watch8, Z Fold7 and Z Flip7

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

be quiet! Pure Base 501

be quiet! Pure Base 501

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed