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Technology Stocks : GSLI Lumonics

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To: pat mudge who wrote (53)2/25/2000 8:38:00 AM
From: BMcV  Read Replies (1) of 328
 
adjusted earnings:

pretax net -- $6,354

add amortization -- $1,251

add foreign ex loss -- $1,767

subtract gain on sale -- $1,599

equals -- $7,773

subtract tax @ 33% -- $5,186

adj taxed EPS -- $0.15

Amortization should be taken out, since it reflects an accounting adjustment left over
from the merger and will be taken every quarter for the next five years. Both the sale
and the foreign exchange loss were one-time events, according to the CC, though I didn't
catch the reason for such a large currency loss.

The tax rate of 33% is the actual rate for this quarter.
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