Novell reports overall net loss
Novell has announced financial results for its third fiscal quarter ended July 31. It reported revenue of $US283 million, compared to revenue of $US282 million for the third fiscal quarter of 2002, but produced a net loss of $US12 million. This compared to net income of $US10 million for the same period last year. During the quarter, Novell made decisions to lower its annual operating expense by about $US100 million, primarily through a workforce reduction of 10 per cent, or about 600 staff. The company lowered total employment worldwide to about 5700. Locally, the company performed better with revenue from Asia-Pacific, including Japan, up 15 per cent over the year to $US23 million. Novell Australia general manager, David Lenz, said it had been the strongest quarter for revenue in three years.
BigPond dial-up reaches a million homes
Telstra BigPond has signed up its millionth dial-up residential customer. BigPond managing director, Justin Milne, said the market was still growing rapidly with about 40,000 new applications each month. “We are registering strong growth in residential dial-up services as well as in our broadband products, which indicates we are offering our Internet customers great value,” he said. BigPond has more than 1,170,000, residential and business dial-up customers. Milne claimed that while Telstra expects broadband to be the future of the Internet, most people start off with a dial-up service. “By providing a reliable and cost effective dial-up service, BigPond has established itself as a brand many customers consider first when deciding to make the move to broadband,” he said.