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This excerpt taken from the VRSN 10-Q filed May 8, 2009. Loss from unconsolidated entities, net of tax Loss from unconsolidated entities, net of tax, represents the net loss recognized from the Jamba joint ventures entered into with Fox Entertainment (Fox), a subsidiary of News Corporation. On October 6, 2008, we sold our remaining 49% ownership interest in the Jamba joint ventures to Fox.
Income (loss) from discontinued operations, net of tax As of March 31, 2009, businesses classified as held for sale and presented as discontinued operations included the following: Communications Services, CPS, GSC, International Clearing, Messaging and Mobile Media Services, MSS and RTP Services. Businesses that have been divested in 2008, and whose results of operations are reflected as discontinued operations, include the following: Digital Brand Management Services, Post-pay, Communications Consulting, EMEA Mobile Media, and Self-Care and Analytics. The following table presents the revenues and the components of Income (loss) from discontinued operations, net of tax:
We recorded income from discontinued operations, net of tax, during the three months ended March 31, 2009, primarily due to a decrease in operating costs and expenses related to the disposal groups held for sale. We recorded gains on disposal including net reversals of estimated losses on disposal, of $4.0 million during the three months ended March 31, 2009, upon changes in the carrying values of certain disposal groups. We incurred losses from discontinued operations, net of tax, during the three months ended March 31, 2008, primarily due to $26.0 million in estimated losses on assets held for sale recorded during that period. See Note 3, Assets Held for Sale and Discontinued Operations, of our Notes to Condensed Consolidated Financial Statements for further information on our discontinued operations. The continued execution of our divestiture plan is subject to the availability of financing, identification of buyers, and general market conditions, including further developments in the current economic environment and potential continued deterioration of the credit markets.
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Table of ContentsThis excerpt taken from the VRSN 10-K filed Mar 3, 2009. Loss from unconsolidated entities, net of tax
Loss from unconsolidated entities, net of tax, represents the net loss recognized from the Jamba joint ventures entered into in the first quarter of 2007.
2008 compared to 2007: Loss from unconsolidated subsidiaries, net of tax, increased due to a decrease in revenues and an increase in operating expenses in the Jamba joint ventures. On October 6, 2008, we sold our remaining 49% ownership interest in the Jamba joint ventures to Fox.
2007 compared to 2006: Loss from unconsolidated subsidiaries, net of tax, was $2.0 million during 2007.
This excerpt taken from the VRSN 10-K filed Feb 29, 2008. Loss from Unconsolidated Entities, Net of Tax
Loss from unconsolidated entities, net of tax, represents the net loss recognized from the joint ventures entered into with Fox, as described in Note 2, Joint Ventures, of our Notes to Consolidated Financial Statements. We recorded a loss, net of tax, of approximately $2.0 million in 2007.
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