Aladdin, black semester
It was not a good start to the year for Aladdin. The company known in the Mac world for its universally present "Stuffit" has in fact posted negative financial results over the past 90 days. Turnover dropped 37% compared to the same quarter last year year. Net losses were $ 411,000 against a red of just $ 7,200 for the same period last year. The first half saw a 22% decline from the same period of the year with losses of $ 882,000 against a red of $ 141,000 for the first six months of 2001.The causes of the worsening economic conditions are essentially due, they explain to Aladdin, to the recession in the IT sector. For this reason, the cost reduction program will continue with a cut of 24% for staff and 22% in the marketing sector. The resources involved in research and development will remain intact and will consequently rise, and as a result of the reduction in other sectors, to 34% with 23% in the same period last year.