This comes from the report you provided a link to. Am I reading this right? Is this fiscal 1996? The Montgomery analyst predicted a loss of $.79 for the year, if I'm not mistaken, and this looks to me like they're reporting a loss of $1.81. Someone tell me if I've got it wrong . . .
And what's that "Acquired in Process Research and Development" loss of $110 million?
<CAPTION>
FISCAL
YEAR
ENDED
FEBRUARY
FISCAL YEARS ENDED DECEMBER 31, 2,
----------------------------------------- ---------
1992 1993 1994 1995 1997(1)
-------- -------- -------- -------- ---------
(IN THOUSANDS, EXCEPT PER SHARE DATA)
<S> <C> <C> <C> <C> <C>
CONSOLIDATED STATEMENT OF OPERATIONS
DATA:
Net revenues............................. $127,340 $ 29,108 $ 38,748 $ 14,626 $ 90,530
Cost of revenues......................... 132,455 42,768 35,200 44,234 100,328
Acquired in-process research and
development............................ -- -- -- -- 110,012
Selling, general and administrative
expenses............................... 47,669 16,538 21,820 18,647 13,067
Amortization of acquired technology...... -- -- -- -- 3,923
Research and development expenses........ 9,171 4,876 5,775 5,410 12,849
Restructuring charges.................... 17,053 12,425 -- -- --
Operating loss........................... (79,008) (47,499) (24,047) (53,665) (149,649)
Other income (expense), net(2)........... (4,145) (1,631) 33,441 3,507 (2,846)
Income (loss) from continuing
operations............................. (82,719) (48,866) 9,394 (50,158) (152,495)
Discontinued operations.................. 9,000 -- -- -- --
Income (loss) before extraordinary
income................................. (73,719) (48,866) 9,394 (50,158) (152,495)
Extraordinary credit..................... 104 -- -- 582 --
Net income (loss)........................ (73,615) (48,866) 9,394 (49,576) (152,495)
EARNINGS (LOSS) PER COMMON SHARES:
Income (loss) from continuing
operations............................. (1.44) (0.85) 0.16 (0.79) (1.81)
Income (loss) before extraordinary
credit................................. (1.29) (0.85) 0.16 (0.79) (1.81)
Net income (loss)........................ (1.28) (0.85) 0.16 (0.78) (1.81) |
