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COMPANY RESULT: VIDEOSERVER INC

VideoServer Inc, Burlington, Massachusetts videoconferencing firm, reported a second-quarter net loss of $8.7m, including a $14m acquisition charge stemming from the Promptus Communications buy (CI No 3,129), on revenue up 2% at $11.5m, compared to net income of $2.2m, or $0.17 per share a year ago. Net loss for the six months was $5.8m on revenue up 29% at $26.8m, compared to net income of $4.1m, or $0.31 per share, last year.

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CBR Staff Writer

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