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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: sammaster who wrote (128280)10/8/2001 11:40:08 PM
From: mishedlo  Read Replies (1) of 436258
 
For the six months ended 6/30/01, revenues totaled $84.6 million, up from $28.5 million. Net loss before extraordinary item totaled $242.9 million vs. an income of $162.2 million.

I am assumimg extraordinary item was writeoff of goodwill.
Not sure how I find out. Net loss was $249M. They have $500M cash. If this rate continues they are out of cash in two quarters AND they still have huge debt to service. Perhaps their loss is debt to service, LOL.

It does not matter.
I do not see how this one can avoid going under, except on a buyout from QCOM as was suggested. That would be strange since QCOM spun them off - LOL - to total clowns.

Thoughts?
M
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