“RealNetworks pioneered digital media in the 1990s and doubled its music-subscription business last year, but Wall Street’s playing a different tune nowadays,” Brier Dudley reports for The Seattle Times. “When RealNetworks founder and chief executive, Rob Glaser, pitched his stock yesterday at the Goldman Sachs Technology Symposium, the room was half empty and only a handful of investors stayed around to ask questions.”
“Digital media is hot, but RealNetworks apparently is not, at least in comparison with Apple. Apple boss Steve Jobs didn’t make it to Goldman’s conference, but the company’s chief financial officer came and drew a standing-room-only crowd of more than 100 institutional investors,” Dudley reports. “Glaser was undaunted by Apple stealing the limelight. ‘Apple’s got a hot product right now so obviously people are focused on that,’ he said. ‘But in terms of being one of the core companies up there, they look at us in digital media in the same sentence as Apple or Microsoft.'”
Full article here.
MacDailyNews Take: We have an insatiable craving for an original glased Krispie Kreme right about now. By the way, QuickTime, announced in May 1991, is the pioneer, certainly not Real. RealNetworks (then known as Progressive Networks) wasn’t even founded by ex-Microsoft executive Rob Glaser until 1993. In February 1994, Apple Computer introduced QuickTime 2.0 which featured interactive television, music and full-screen video support. RealVideo debuted three long years later in February 1997.
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