Online search and information site Infospace posted Q2 net income of $1.9 million ($0.06 per diluted share) from last year’s $28.1 million ($0.86 per share) net loss. Net income in the second quarter of 2008 includes an impairment charge of $4.4 million on the company’s investments in auction rate securities.…

The freeze-up in the auction rate securities market pops up again, as Infospace says its Q1 earnings were hit by a $6.7 million charge related to this market. The online search and information provider said it lost $2.8 million ($.08 per share) in the quarter, compared to a loss of…

Lots of activity at mobile content and technology firm Motricity, which paid $135 million in October to acquire the InfoSpace mobile division. Now InfoSpace is taking over. As we reported yesterday, Motricity said it will be laying off 250 of its 600 employees and will move its headquarters to Bellevue…

As expected, mobile content and technology company Motricity has confirmed its much anticipated layoffs, putting the official number at 250. The elimination of more than one third of its workforce will occur over the next nine months, with all affected workers getting an unspecified severance. Previous guesses had pegged the…

Infospace, which has now sold off all of its mobile businesses and fully focused on online search, will cut about 35 jobs, or about 20 percent of its work force, and take Q4 charges of $7 million to $8 million as a result, the company announced today. Also, it expects…

How many times would you ever envision this scenario for Internet companies? Infospace, which is in the process of reorganizing itself an an online search-only business, said its board approved a special cash distribution of $9 a share, following the sale of its online directory business. The total money paid…