Year: 2002

In other earnings news today, Iomega this afternoon posted a fourth-quarter profit of US$3.9 million, as revenues tumbled 43 percent from the year-ago quarter, from $331 million to $189.9 million. “We are focused on building upon our profitable core Zip product line and expanding our position in external CD-RW solutions in order to reverse the revenue decline,” Werner Heid, president and CEO of Iomega said in a statement. The company saw revenue for its Zip, Jaz, and CD-RW products all decline significantly.

Apple’s AirPort Driver Update 2.0.1 is currently available to Mac OS X users via the Software Update control panel. The update includes new firmware for the original Base Station (graphite) that improves PPPoE support. Additionally, VersionTracker notes that Mac OS X Server 10.1.2 is also available via Software Update.

TV networks, film studios, and consumer electronics companies are participating in an effort to add a watermarking technology to digital television broadcasts by March that would prevent consumers from trading movies and TV shows online, either through peer-to-peer file sharing networks such as Gnutella or through personal video recorders such as TiVo or UltimateTV.

Microsoft this afternoon reported second-quarter profit of US$2.28 billion, after the company took a $660 million charge to cover class-action lawsuits. Microsoft saw record revenues of $7.74 billion for the quarter, an 18 percent year-over-year increase. Microsoft also announced that it has shipped 17 million copies of Windows XP since the operating system’s launch and also sold 1.5 million Xbox consoles.