Home Media Magazine - Jul 24, 2009NCR Corporation (NCR)
-
Gil Luria
at
Wedbush Morgan"We are very encouraged in what we see in the early days of those businesses.
The ramp to revenue on one of those [kiosks] is actually doing better than what [it was] in the early days on just pure DVD.". Gil Luria, analyst with Wedbush Morgan Securities, said NCR's deal with Blockbuster could give it a brand awareness advantage over Redbox. "They may be able to capture 50% of the incremental share going forward, but again, Redbox starts off at a higher point," Luria told Reuters. Continued downward economic pressure on financial services, retail and hospitality industries contributed to
NCR Corp reporting second quarter (ended ) income of $23 million, down 48% from income of $44 million during the previous year period. Total revenue for quarter fell 16%, to $1.2 billion, from $1.3 billion last year
Share:
"We are very encouraged in what we see in the early days of those businesses. <span class="sent"> The ramp to revenue on one of those [kiosks] is actually doing better than what [it was] in the early days on just pure DVD.". <span class="analyst">Gil Luria</span>, analyst with Wedbush Morgan Securities, said <span class="company">NCR</span>'s deal with Blockbuster could give it a brand awareness advantage over Redbox. </span> "They may be able to capture 50% of the incremental share going forward, but again, Redbox starts off at a higher point," Luria told Reuters. Continued downward economic pressure on financial services, retail and hospitality industries contributed to <span class="company">NCR</span> Corp reporting second quarter (ended ) income of $23 million, down 48% from income of $44 million during the previous year period. Total revenue for quarter fell 16%, to $1.2 billion, from $1.3 billion last year...."We are very encouraged in what we see in the early days of those businesses. <span class="sent"> The ramp to revenue on one of those [kiosks] is actually doing better than what [it was] in the early days on just pure DVD.". <span class="analyst">Gil Luria</span>, analyst with Wedbush Morgan Securities, said <span class="company">NCR</span>'s deal with Blockbuster could give it a brand awareness advantage over Redbox. </span> "They may be able to capture 50% of the incremental share going forward, but again, Redbox starts off at a higher point," Luria told Reuters. Continued downward economic pressure on financial services
Tweet this