Stock Watch: Strong Q1 Boosts Liberate

Liberate Technologies (Nasdaq: LBRT) rose 3 5/16 to 32 7/16 Friday after reporting stronger than expected results for the first quarter ended August 31st.

The company said revenue rose 78 percent to $9.4 million, while the pro forma loss narrowed to $9 million, or 9 cents per share, from $10.1 million, or 14 cents, in the same quarter last year. The company’s net loss, however, widened to $88.2 million, or 90 cents per share, from $12.5 million, or 45 cents.

A day earlier, Liberate shares rose on news that AT&T Corp. plans to use its software in interactive television set-top boxes.

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