Boston.com / Business / Technology / Cable giants buy software assets to boost interactive TV offerings: "Double C Technologies, a joint venture of Comcast Corp. and Cox Communications, agreed to purchase the North American assets of Liberate Technologies, a San Mateo, Calif.-based developer of software that makes interactive TV applications possible.
...
Officials at Liberate could not be reached for comment yesterday. The company has been struggling financially and at one point requested bankrupcty court protection, a request that was turned down by the courts. Liberate appealed that decision, and as part of yesterday's agreement with Comcast and Cox agreed to seek a dismissal of that appeal.
Yesterday, Liberate reported a net loss of $8.1 million for the three-month period ending Nov. 30, compared to a loss of $8.5 million for the same period a year ago. Revenue during the three-month period was $632,000. Over the last six months, Liberate racked up a a net loss of $20.4 million on revenue of $1.8 million."
Anybody else remember when Liberate had a gagillion$ market cap and was expected to vanquish Microsoft in all things TV-related?....
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment