AfterDawn: Tech news
AfterDawn > News > AOL and EMI expected to miss their targets

AOL and EMI expected to miss their targets

Written by Petteri Pyyny @ 25 Sep 2001 2:20

Both, American media giant AOL TimeWarner and UK-based EMI, announced today that they're expecting worse-than-expected results for their current financial years. EMI estimates that its profits will slump 20 percent, blaming the tough world economic. Company also announced that it will lay off 100 workers.
AOL TimeWarner will also miss its earlier revenue projections. Earlier company expected to see growth of 12-15% in revenues and is now expecting 5-7% growth. Company laid off significant amount of employees in January. AOL has also laid off part of Nullsoft's team, subsdiary of AOL that develops super-popular WinAMP.

<Top ten pirated movies in August >MP3.com cuts the royalties it pays for artists
Previous Next  
Comments have been disabled for this article.

Latest news

YouTube Premium starts showing ads to subscribers YouTube Premium starts showing ads to subscribers (13 Nov 2024 3:09)
For years, YouTube Premium has been marketed as a way to enjoy an ad-free YouTube experience. But apparently, that is no longer the case, as Premium subscribers are now starting to see ads on the platform.
3 user comments
Android 16 will launch sooner than expected Android 16 will launch sooner than expected (01 Nov 2024 6:45)
Google announced that upcoming Android 16 will break the traditional once-a-year cycle of major Android launches. Next Android is poised to launch in Q2 of 2025, so Android 16 should ship before end of June, 2025.
Winamp ends its open source project that wasn't really open source Winamp ends its "open source" project that wasn't really open source (20 Oct 2024 11:12)
Less than a month after the legendary MP3 player Winamp made its source code public, the company has made a sudden U-turn and removed its code from distribution.
2 user comments
Winamp released its source code - but didn't go open source Winamp released its source code - but didn't go open source (25 Sep 2024 12:38)
The source code of Winamp has now been officially released. However, it hasn't become a pure open-source project, as its licensing terms prohibit the creation of new, different versions.
Does your phone rattle? Here's why it happens Does your phone rattle? Here's why it happens (25 Aug 2024 8:30)
When you shake your phone and hear a light rattle, clatter, or jingle, it's likely not broken. The culprit is probably the optical image stabilization (OIS) system in your phone's camera, meaning everything is functioning as it should.
2 user comments

Reviews

Roborock S8 MaxV Ultra review - obstacle avoidance doesn't work as it should, otherwise almost perfect robot vacuum Roborock S8 MaxV Ultra review - obstacle avoidance doesn't work as it should, otherwise almost perfect robot vacuum
We put the Roborock S8 MaxV Ultra through a very, very long review process. The $1800 mopping robot vacuum is almost perfect, but its obstacle avoidance was surprisingly bad, considering the price - and compared to its competitors.
Sharge x OnePlus Pouch review: Beautiful power bank that supports SuperVOOC charging Sharge x OnePlus Pouch review: Beautiful power bank that supports SuperVOOC charging
In our review, we take a look at Sharge's power bank that supports OnePlus SuperVOOC quick charging technology as well as standard USB PD charging. It has small design flaws, but despite those, the Pouch is very nice product.
1 user comment
Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets
Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.

Guides

What IP rating for dust and water resistance means What IP rating for dust and water resistance means
An IP classification (such as IP68) is given to mobile phones, Bluetooth speakers, and other devices, but what do these classifications mean?
1 user comment
What happens if you don't update Android? What happens if you don't update Android?
Sometimes it can be tempting to avoid updating to a new Android version. What happens if you decide to delay major updates to the OS?
GUIDE: Wi-Fi speeds are slow? Here are some tips GUIDE: Wi-Fi speeds are slow? Here are some tips
Having problems with Wi-Fi speed and stability at home? Here are some tips to follow to alleviate the issues.
1 user comment
Guide: Phone battery drains quickly - how to fix (iPhone / Android) Guide: Phone battery drains quickly - how to fix (iPhone / Android)
In this guide, we go through the most typical reasons for rapid battery drain with phones, and look at potential reasons or solutions.
Does your phone rattle? Here's why it happens Does your phone rattle? Here's why it happens
When you shake your phone and hear a light rattle, clatter, or jingle, it's likely not broken. The culprit is probably the optical image stabilization (OIS) system in your phone's camera, meaning everything is functioning as it should.
2 user comments

News archive

Sections:

Follow us:

© 1999-2024 AfterDawn Oy. All rights reserved
Back to Top ⇧
AfterDawn is powered by Powered by UpCloud