Priceline.com finally reaches profitabilityAfter posting a $US105 million fourth-quarter loss, online name-your-own-price vendor Priceline.com says it has turned a corner and made a $2.8 million net profit in the second quarter.
The profit reversed the $11.7 million
net loss reported one year ago. The company said it reached the improved numbers by reducing expenses.
Pro forma operating expenses for the second quarter dropped to $50.2 million from $51.1 million in this year's first quarter and from $62 million in last year's fourth quarter, when cost cutting began.
Logitech does the peripheral numbers
Peripheral sales continue to be a bright spot in the market, with Logitech posting record first-quarter earnings. Revenue was 26 per cent above the same period last year, while net income for the period reached $US6.3 million. President and CEO Guerrino De Luca said the results validated the company's focus on after-market opportunities.
"As we approach the Christmas selling season, we will be introducing additional innovative products across our entire portfolio," he said.
City Software expands
Since City Software took on International Software Warehouse staff and assets in April, the company has hired another 16 staff to fill new roles, with two positions still vacant. The company is looking for a business development manager for NSW and Queensland to be based in Sydney and an accountant for its Victorian office. Managing director Lorenzo Coppa said business was booming, with June sales an all-time record for the company.
OziSoft goes Looney
Ozisoft have announced that Infograme's Sheep Dog N' Wolf for PlayStation and PC CDROM will be released in September. The title combines strategy and puzzle elements with the timeless humour and cartoon antics of the Looney Tunes universe.
As the devious, hungry Ralph Wolf, players need to creep, sneak and use all the meanest gadgets and traps in a quest to steal sheep.