The company had a net loss of $19.2 million, or 12 cents a share, compared to a loss of $27.2 million, or 18 cents a share, in the same period last year. Revenue for the quarter was $47.9 million, compared with $62.7 million
a year ago.

REALNETWORKS CFO RESIGNS

Disappointing Q2 Numbers Not The Cause; Illuminati, Mischievous Imps To Be Blamed
Following disappointing second-quarter earnings results, RealNetworks CFO Paul Bialek said he would resign, the company said Tuesday (7/17).

Bialek said he was exiting after three years for personal reasons and not because of a lack of faith in the company. He will stay on as a part-time strategic adviser.

For the quarter ended June 30, the web software company reported pro forma income (as opposed to the amateur variety) of $2.4 million, or a penny a share, a drop from pro forma income of $10.6 million, or 6 cents a share, the same time last year.

The company had a net loss of $19.2 million, or 12 cents a share, compared to a loss of $27.2 million, or 18 cents a share, in the same period last year. Revenue for the quarter was $47.9 million, compared with $62.7 million a year ago. For the six months ended June 30, RealNetworks had pro forma income of $5.9 million, or 4 cents a share on revenue of $98.2 million, compared with $19.4 million, or 11 cents a share, on revenue of $116.2 million a year earlier.

The company lost $43.6 million, or 27 cents a share, in the first half of 2001, compared with a loss of $46 million, or 30 cents a share, last year.

"That’s a heckuva lotta numbers," said HITS’ on-staff analyst. "We predict that a bunch more numbers will be reported in the third quarter too."

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