Figures to go with the news:
biz.yahoo.com
ROY, Utah, July 15 (Reuters) -
(In thousands, except per share data)
For the Three Months Ended
June 27, June 28,
1999 1998
SALES $ 348,781 $ 393,831
COST OF SALES 273,020 299,607
Gross margin 75,761 94,224
OPERATING EXPENSES:
Selling, general and administrative 82,828 124,399(a)
Research and development 23,085 30,303
Restructuring charge 41,909 0
Total operating expenses 147,822 154,702
OPERATING LOSS (72,061) (60,478)
Interest and other income and expense,
net (328) (918)
LOSS BEFORE INCOME TAXES (72,389) (61,396)
BENEFIT FOR INCOME TAXES 25,336 21,486
NET LOSS ($ 47,053) ($ 39,910)
BASIC LOSS PER SHARE ($ 0.17) ($ 0.15)
DILUTED LOSS PER SHARE ($ 0.17) ($ 0.15)
COMMON SHARES OUTSTANDING 269,115 265,464
COMMON SHARES ASSUMING DILUTION 269,115 265,464
For the Six Months Ended
June 27, June 28,
1999 1998
SALES $ 734,993 $ 801,331
COST OF SALES 565,496 604,971
Gross margin 169,497 196,360
OPERATING EXPENSES:
Selling, general and administrative 152,769 232,341(a)
Research and development 43,798 53,436
Restructuring charge 41,909 0
Total operating expenses 238,476 285,777
OPERATING LOSS (68,979) (89,417)
Interest and other income and expense,
net (2,533) (481)
LOSS BEFORE INCOME TAXES (71,512) (89,898)
BENEFIT FOR INCOME TAXES 25,028 31,412
NET LOSS ($ 46,484) ($ 58,486)
BASIC LOSS PER SHARE ($ 0.17) ($ 0.22)
DILUTED LOSS PER SHARE ($ 0.17) ($ 0.22)
COMMON SHARES OUTSTANDING 268,753 263,878
COMMON SHARES ASSUMING DILUTION 268,753 263,878
NOTE: (a) SG&A includes a $9.4 million second quarter
special charge relating to the company's staff reduction and
other cost-cutting measures.
Full name is Iomega Corp. |
