Harmonic Inc. (Nasdaq: HLIT) posted a first-quarter net loss of $7.5 million (6 cents per share) on revenues of $127.7 million, down from $132.8 million in the year-ago quarter. Harmonic warned of the earnings shortfall earlier this month, citing sluggish sales, declining demand from European customers (international sales were down 18.4 percent), and lower margins associated with its high-density HectoQAM product. But the vendor expects a healthier second quarter, forecasting sales of $130 million to $140 million, which would represent a potential 5.7 percent jump. (See Harmonic's Q1 Gets a Haircut .)
Microsoft Corp. (Nasdaq: MSFT) is expanding the number of 15-second and 30-second, "TV-like" commercials running on Xbox Live as the company's console continues its run as a video streaming hub, says PaidContent, noting that ESPN and CBS are among those joining the grander advertising effort.