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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: im a survivor who wrote (26438)12/20/2000 5:19:54 PM
From: Dealer  Read Replies (3) | Respond to of 65232
 
RNWK--Warns---Down from 9 15/16 to 6 afterhours. -30% afterhours.

RealNetworks Warns of Weaker-Than-Expected Results

SEATTLE (Reuters) - Internet media software company RealNetworks Inc. (NasdaqNM:RNWK - news) warned on Wednesday that its revenue and earnings for the fourth quarter will fall short of expectations due to the current weak market for Internet-related spending.

The company said it expects to report fourth-quarter pro forma diluted earnings per share of around 2 cents and revenue in the range of $58 million to $60 million.

Wall Street analysts on average had expected the company to earn 4 cents a share in the fourth quarter.

``We are not immune to the current market environment for Internet-related spending, and we've made adjustments to our near-term growth expectations. At the same time, we remain highly confident in our fundamentals, leadership position, and long-term prospects,'' Rob Glaser, the company's chairman and chief executive officer, said in a statement.

The company also announced that more than 125,000 consumers have become paying subscribers to its Gold Pass service combining premium audio and video content, software, games and services.