Pinnacle Systems (PCLE) Message Board

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Technology Stocks : Pinnacle Systems (PCLE)

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To: Elroy who wrote (24)	7/22/1999 4:43:00 PM
From: Elroy	Read Replies (1) of 45

Pinnacle Systems Reports Record Quarterly Revenue and Net Income biz.yahoo.com Great revenue ramp, up about 18% over last quarter, and 50% over last year. Can any accountants explain this : "Net income in the fourth quarter of fiscal 1999 was a record $9,378,000, or $.37 per share, which included a year-end income tax benefit related to the reduction of the Company's deferred tax asset valuation allowance. During the first three quarters of fiscal 1999, the Company reported an income tax rate of 20%. On a pro forma basis, using a 20% rate, net income in the fourth quarter of fiscal 1999 would have been a record $6,223,000 or $.25 per share. " Elroy

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