RealNetworks wins a patent lawsuit brought on by Friskit Inc., causing shares to rise as potential losses for the year are cut dramatically.
A new media player unveiled by RealNetworks promises the ability to download video clips to computer hard drives off of thousands of web sites. Shares drop as investors are skeptical about the benefits of competing with Apple and Microsoft in the media player market.
RealNetworks announces that it expects revenues around $130 million for the second quarter 2007, fuel investor confidence and causing shares to rise.