Re: "It was not an 8 cent quarter, it was what it was, a 2 cent quarter."
I didn't want to have to do this but. Go see for your self it was .08 Diluted earnings:
biz.yahoo.com
Wednesday October 21, 4:27 pm Eastern Time
Company Press Release
Inprise Reports Third Quarter 1998 Results
-- Net revenue of $48 million -- up from $46.5 million previous quarter
SCOTTS VALLEY, Calif.--(BUSINESS WIRE)--Oct. 21, 1998-- -- Record revenue and growth from enterprise products & services
Number of six- and seven-figure sales transactions up 43% quarter-on-quarter Company invests in all areas of its enterprise business Inprise Corporation (Nasdaq:INPR - news) today announced earnings for its third quarter ended September 30, 1998, reporting net revenues of $48.0 million, a 70-percent increase in year-on-year revenues from enterprise products and services(a), plus approximately $2 million in additional deferred revenues.
(Note: A chart showing Inprise's enterprise revenue growth is located at inprise.com )
All figures reported reflect pooling of interests with Visigenic Software, Inc., acquired in February, 1998. Net revenues for the third quarter were flat compared with the same quarter a year ago. Year-to-date revenues were $141.0 million, compared with $139.7 million for the nine months ended September 30, 1997.
In the quarter ended September 30, 1998, Inprise experienced a gain of $15.4 million in non-operating income from the sale of the Company's interest in Starfish Software to Motorola.
With the gain and taxes, net income for the quarter ended September 30, 1998, was $16.4 million, compared with a net loss of $2.1 million in the same quarter last year. Net income for the nine months ended September 30, 1998, was $4.8 million -- which included a $19.3 million charge for restructuring and acquisition costs from the purchase of Visigenic, a U.S. tax benefit of $3.8 million, and the gain of $15.4
million in the third quarter. The Company reported a net loss of $49.2 million for the nine-month period ended September 30, 1997, which included a $23.1 million charge for restructuring and other non-recurring costs aimed at returning the Company to profitability.
Diluted earnings per share were $0.29 for the quarter ended September 30, 1998, compared with a loss per share of $0.05 for the same quarter a year ago. Diluted earnings per share for the nine months ended September 30, 1998, were $0.08. This is compared with a loss per share of $1.03 for the nine months ended September 30, 1997, with restructuring and other non-recurring costs.
Don't know why they still are not getting the respect but I guess investors will wait. I on the other hand think it is now time to get in on the ground.
TTOSBT |
