Rochester, NY 8/10/2009 9:49:19 PM
RealNetworks Inc., RNWK - RealNetworks recently cuts 12 more jobs, or percent of its music division
RealNetworks Inc.
One week after the declines in earning report, RealNetworks Inc. moved Thursday to further reduce its expenses by cutting 12 more positions, this is 9 percent of its music division, a spokesman from the company confirmed. The latest layoffs follow the elimination of 130 jobs last year, and a smaller round of cuts a couple months ago.
http://StockEinstein.com offers free daily stock alerts on companies ready to run. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
The jobs cut Thursday involved employees of RealNetworks and its Rhapsody America joint venture with MTV Networks. The layoffs represent about a half-percent of the company’s overall work force, said Bill Hankes, a RealNetworks spokesman.
StockEinstein.com has a dedicated team uncovering stocks ready to break and run. We apply time tested criteria and when one of these stocks meets or exceeds our benchmarks, our subscribers are immediately notified directly to their in-box.
This is a free service available only to our subscribers. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
During 2009 our alerts have resulted in an average price gain of 80%+.
Disclaimer: Full disclaimer at http://StockEinstein.com/disclaimer.php
IMPORTANT: Never invest in any stock featured in any press release, email or website unless you can afford the loss of your entire investment. Stocks and particularly penny stocks have the possibility for dramatic gains, and also losses. Neither StockEinstein, nor any of its affiliates are registered investment advisors or broker dealers.
