INPR - Inprise to Borland (BORL) Message Board

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Technology Stocks : INPR - Inprise to Borland (BORL)

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To: TTOSBT who wrote (4161)	1/28/2000 6:09:00 PM
From: Big Dog	of 5102

TTOBST: You stated, "But IMO the write-downs (albeit one offs) have taken allot if not all that effect away from INPR. And without any explanation or breakdown from management speculations run wild i.e. their property cost etc" In its press release, INPR specifically stated: "During the fourth quarter, the Company recorded a restructuring charge of $34.8 million. The restructuring charge consists primarily of a write-down for the Company's Scotts Valley facility of $29.7 million; a $3.1 million charge for discontinuation of the Oracle ERP implementation in Europe; and a $3.0 million charge for severance costs associated with organizational changes implemented in the fourth quarter. These charges were offset, in part, by the reversal of restructuring charges totaling $4.1 million, that were taken in both the first quarters of 1999 and 1998, which will not be utilized." The company further elaborated: "Net income for fiscal year 1999 included a $100 million one-time licensing fee received from Microsoft and one-time charges of $50.0 million for restructuring, severance, compensation expenses related to InterBase, and the write-down of the Company's Scotts Valley facility." Message 12703011

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