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Technology Stocks : SYQUEST

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To: Bipin Prasad who wrote (3565)8/4/1997 7:24:00 PM
From: Dale Stempson   of 7685
 
Well the EdHeads have done it again. Take a good look at this report and you'll notice:

Net Loss: $(10,672)

Net Loss per share: $(0.80)

Common and common equivalent
shares used in computing
per share amounts: 44,054

The explanation as to why 44,054,000 X $(0.80) does not equal $(10,672) can be found in their notes section.

80 cents a share multiplied by 44 million shares equates to a net loss of over $35 million for the quarter.

IMO, it is also misleading in that this major difference is not referred to in the text of the press release.

Call it FUD or anything else you want, but most companies do not communicate information to their shareholders in this fashion.

Regards - Dale
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