Smart phone software house Geoworks Corp reported a second- quarter net loss of $4.6m on revenue down 61.6% at $1.3m, up from a loss of $2.7m a year ago. Results for the quarter include a one-time charge to revenue of $740,000. The company says its poor top line reflects the ongoing shift in its strategic focus from developing operating systems for high-end smart phones to a focus on the mid-market enhanced phone sector. The retreat was made largely in response to the threat from the Symbian Ltd joint venture involving previous customer Nokia Oy and Psion Plc which will promote a rival operating system to its GEOS platform called Epoch. There is also the specter of Windows CE creeping into the market for smart phones. But the company says its been largely successful in its efforts to reduce operating expenses – by $350,000 this quarter and $1.6m for the six months – and is confident it can reach its long-term goals. Six-month net loss was $9.8m on revenue down 47.1% at $5.3m, up from a loss of $8.5m last year.
