Auric Goldfinger's Short List Message Board

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Non-Tech : Auric Goldfinger's Short List

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To: Sir Auric Goldfinger who wrote (5447)	8/4/2000 5:36:48 AM
From: RockyBalboa	of 19428

Numbers are off by nuances: Friday August 4 2:23 AM ET Nuance Corrects Statement, Changes Net MENLO PARK, Calif. (Reuters) - Newly public-listed software maker Nuance Communications Inc. (NasdaqNM:NUAN - news) on Friday corrected quarterly results released almost two weeks ago, changing its net loss to a proforma loss and disclosing a new net figure. The new net loss for Nuance's second quarter was two cents wider than the figure erroneously labeled as net loss when the results were first announced. Nuance said the change to its results, originally released on July 25, did not affect reported revenue or net loss and does not involve any restatement of results. The company, whose voice integration software is used to make Internet information accessible via the telephone, said it was changing the caption heading on a line to insert ``Pro forma'' to the item labeled ``Basic and diluted net loss per share.'' That correction makes Nuance's loss for the quarter a proforma 20 cents per share. The proforma loss for the first six months of the year was 49 cents per share. Nuance said on Friday its basic and diluted net loss for the quarter was 22 cents per share, a figure that did not appear in the earlier press release or on that statement's accompanying table. The net loss for the first half of the year was 87 cents, a number that also did not appear. Company officials could not be reached for comment. Proforma basic and diluted net loss per share is the company's net loss divided by the weighted average of all shares, both common and preferred. Net loss per share is the company's net loss divided only by the weighted average of common stock, Nuance said. Shares of Nuance gained 22-7/16 on Thursday to a new closing high of 160-15/16 as the technology-heavy Nasdaq market shot broadly higher. __________________________________________ dailynews.yahoo.com I'm cautiously taking a position .... if not discounted by $100

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