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Strategies & Market Trends : Rande Is . . . HOME

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To: bosquedog who wrote (45723)	1/18/2001 8:14:35 AM
From: bosquedog	Read Replies (1) of 57584

"There was some initial confusion about Apple's results, since the company said it posted a net loss of $195 million, or 58 cents a share. Thing is, that number included a $49 million after-tax gain from the sale of 3.8 million shares of ARM Holdings (ARMHY) and one million shares of Akamai Technologies (AKAM). An accounting change resulted in another $12 million gain, as well as a $9 million unrealized after-tax loss related to the company's investment in convertible securities of Samsung Electronics. Stripping away these gains and losses, the loss for the quarter was $247 million, or 73 cents a share — and that's the number First Call says it's using." smartmoney.com

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