This is a CNet article: http://news.cnet.com/news/0-1005-200-2181517.html?tag=st.ne.1002.thed.ni
Here's the short version:
EMusic today unveiled a deal with Hewlett-Packard that will give the online music retailer at least $3 million in much-needed revenues in the coming months, as well as a chance to try a new business model.
Some interesting information:
Earlier this month, EMusic said it would lay off 20 percent of its work force as part of cost-saving moves aimed at cutting $15 million in expenses in the coming year.
In the first quarter of this year, the company reported revenues of $2.1 million, up from $423,000 in the prior quarter. However, its net loss--excluding acquisition charges but including the results of the companies it acquired--widened to $14.6 million from $8.4 million in the prior quarter.
I wonder what kind of a dent all those Nomad II's made on THEIR books
Lol, gotta love reading these stories!
Alex
Here's the short version:
EMusic today unveiled a deal with Hewlett-Packard that will give the online music retailer at least $3 million in much-needed revenues in the coming months, as well as a chance to try a new business model.
Some interesting information:
Earlier this month, EMusic said it would lay off 20 percent of its work force as part of cost-saving moves aimed at cutting $15 million in expenses in the coming year.
In the first quarter of this year, the company reported revenues of $2.1 million, up from $423,000 in the prior quarter. However, its net loss--excluding acquisition charges but including the results of the companies it acquired--widened to $14.6 million from $8.4 million in the prior quarter.
I wonder what kind of a dent all those Nomad II's made on THEIR books
Lol, gotta love reading these stories!Alex
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