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Technology Stocks : Zapata (ZAP)
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To: henry jakala who started this subject8/11/2001 9:10:19 AM
From: leigh aulper   of 1206
 
Zapata Corporation Announces Second Quarter Results for 2001
ROCHESTER, N.Y.--(BUSINESS WIRE)--Aug. 10, 2001--Zapata Corporation (NYSE:ZAP - news) today announced its consolidated financial results for the quarter ended June 30, 2001.

For the quarter ended June 30, 2001, Zapata reported a net loss of $9.6 million or $4.03 per share compared to a net loss of $410,000 or $.17 per share for the comparable quarter last year. The net loss for the second quarter was primarily due to impairment charges on non-investment grade securities, partially offset by interest income.

For the six months ended June 30, 2001, Zapata reported a net loss of $10.8 million or $4.52 per share compared to a net loss of $3.1 million or $1.29 per share for the comparable period last year. The net loss for the six months was primarily due to impairment charges on non-investment grade securities and losses at Omega Protein, partially offset by interest income.
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