Echelon Corporation (ELON) Message Board

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Technology Stocks : Echelon Corporation (ELON)

ELON 21.88

+10.1%

Oct 6 5:00 PM EST

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To: Sir Auric Goldfinger who wrote (2951)	2/22/2002 9:32:12 AM
From: Ted The Technician	Read Replies (1) of 3076

Why the recent drop in ELON? Could it be due to unknowns from the recent acquisition of BeAtHome? Its recent release mentions that it will reduce "first quarter earnings by 2 to 3 cents per share and to reduce full year earnings by 8 to 10 cents per share". How will the acquisition of debt affect the balance sheet? ------------------------------ The acquisition is subject to customary conditions, including approval of the transaction by BeAtHome's shareholders. The acquisition is expected to be completed prior to the end of February 2002, if at all. Under the terms of the agreement, Echelon will purchase all the outstanding capital stock of BeAtHome, pay off certain of BeAtHome's debts, and assume certain other of BeAtHome's liabilities. This acquisition will be accounted for as a purchase. Taking into account the amortization of non-goodwill related intangibles as well as all other acquisition related costs required to be expensed under GAAP, the Company expects the acquisition to reduce Echelon's first quarter earnings by 2 to 3 cents per share and to reduce full year earnings by 8 to 10 cents per share.

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