C-COR.net Corp. posted revenue of $54 million in its second quarter ending
Dec. 31 -- a drop from $67.2 million versus the same period a year ago, but
better than its fiscal first-quarter total of $44.6 million.
The company recorded a net loss of $4.7 million compared with $497,000 in net
income in the year earlier period.
C-COR also expects third-quarter revenue in the $54 million to $60 million
range, suggesting that the worst may be behind it.
"We are adjusting our costs to match the business base going forward," CEO
Dave Woodle said.
In other technology news, Arris said Susquehanna Communications is deploying
its "Cadant C4" cable-modem-termination system.
The smarter way to stay on top of the multichannel video marketplace. Sign up below.
Thank you for signing up to Multichannel News. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.