Quokka Sports, Inc-(QKKA) Message Board

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Technology Stocks : Quokka Sports, Inc-(QKKA)

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To: PeterR1700 who wrote (78)	2/12/2001 7:20:26 PM
From: PeterR1700	of 79

Quokka Sports Online sports media site Quokka Sports (QKKA: news, msgs) said it will cut 59 percent of its 369 employees to pare down its burn rate by 65 percent, to less than $2 million per month. The layoffs will result in a $1 million charge in the first quarter. To pick up more revenue, the company will work on more live event coverage beyond the sporting world. As well, a separate unit for technology infrastructure will work with companies that want to create video and audio content for the Web. Investors liked the news, and moved shares of San Francisco-based Quokka up 6 cents to 25 cents after finishing the day flat at 19 cents

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