InterTrust Losses Rise In First Quarter
InterTrust Technologies Corp. posted a first-quarter net loss of $21.6 million, or 24 cents per diluted share, vs. net loss of $15.6 million, or 20 cents per share, in the same period last year. Revenue was $2.4 million, up from $1.3 million. The company earlier said that revenue would be lower than
expected because of customers' production delays and financing difficulties.
The Santa Clara, Calif.-based company?which is suing Microsoft, alleging patent infringement of its digital rights management technology (Bulletin, April 30)?says it has begun cutting staff and costs in an effort to lower expenses by 15%; details could not be determined by deadline. InterTrust shares closed yesterday down 23 cents to $3.42.
The Santa Clara, Calif.-based company?which is suing Microsoft, alleging patent infringement of its digital rights management technology (Bulletin, April 30)?says it has begun cutting staff and costs in an effort to lower expenses by 15%; details could not be determined by deadline. InterTrust shares closed yesterday down 23 cents to $3.42.
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InterTrust Technologies Corp. posted a first-quarter net loss of $21.6 million, or 24 cents per diluted share, vs. net loss of $15.6 million, or 20 ......
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