MTP...
<<For the three-month period ended Sept. 30, 1999, the company recorded a net loss of $3.4-million, or seven cents per share, compared with a net loss of $651,000, or one cent per share, for the same quarter in the previous year. This increase in net loss is principally attributable to the following two factors. Commencing at the end of fiscal 1999, the company began to expense its research and development costs due to the fact that they no longer met the required criteria for capitalization. In addition, the company incurred $2,075,000 in restructuring costs in its second quarter.>> |
