Brand: MacNews

Pixar beats the street, continues to impress

Shares of Pixar, Apple CEO Steve Jobs’ “other” company, closed up more than five percent today after the company posted a profit of 17 cents per share yesterday, besting analysts’ estimates of 13 cents. Revenue came in at US$16.7 million for the quarter. Pixar is trading near its 52-week high, and has escaped the economic downturn relatively unscathed.

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DSL provider Rhythms NetConnections shutting down service

Rhythms NetConnections, which earlier this month became the latest DSL provider to file for bankruptcy, today announced that it will be shutting down service in a month and will fire 700 employees, or 75 percent of its staff. The company will work with current customers to shift their DSL service to other providers. Earlier this week, Covad Communications, which provides the lines that DSL providers use to deliver service, filed for bankruptcy protection.

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