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Neil Berkett, chief executive of Virgin Media, added: "The sale of our channels business has generated substantial value.
Since completion, the business has generated $8 billion of cash, after capital expenditure and license costs but before tax, according to one analyst's estimates.
Though its entertainment business has generated healthy profits, the company has yet to deliver on its long-promised strategy of leveraging that material to sell more electronics — for example, by offering exclusive content on Sony devices.
Andrew Subramaniam, partner at chartered accounts HW Fisher & Company, explains: "A profit and loss account is a record of the income and expenditure that a business has generated over a specific period and either shows a profit (income exceeding expenses) or a loss (where expenses exceed income).
The company's stock price suffered because of problems with the two smaller businesses, he said, adding, "The food business has generated returns on investment in the mid-20mid-20percente, buthehe market is focusing on the one-third of the company that has problems".
The turmoil in Oracle's application business has generated rumors that a frustrated Ellison will sell it or maybe spin it off.
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Using the same methodology, Apple said this month that its app business had generated 291,250 jobs for the American economy, as varied as developers and U.P.S. drivers.
PAGE A6 I.B.M. Didn't Disclose Sale I.B.M. did not disclose in January that the sale of a business had generated $300 million that it used to lower operating costs.
When I.B.M. announced in mid-January that it had beat Wall Street's profit forecasts in the fourth quarter, it did not disclose that the sale of a business had generated $300 million that the company used to lower its operating costs.
BAE said the businesses "have generated external interest and a number of enquiries".
The company's presentation of the new features on Monday set off a flurry of discussion around the Web about the impact on the app developer business, which has generated a vast catalog of useful, quirky and entertaining programs and has helped propel Apple's profits.
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