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Technology Stocks : DSC Communications

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Jun 3 1:06 PM EST

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To: Dave Chanoux who wrote (3295)	1/6/1998 11:05:00 PM
From: Larry Unger	Read Replies (1) of 4429

4Q nonrecurring items -- Taken from the 8-K/A pro forma f/s notes (amount=$135M): ....."Because there can be no assurance that DSC will be able to successfully complete the development and integration of CELCORE's products or that the acquired technology has any alternative future use, the acquired in-process research and development was charged to expense by DSC in the fourth quarter of 1997 when the acquisition was consummated".............. Taken from 3Q 10-Q re NLV litigation proceeds: ........"As discussed in "Subsequent Events" in Notes to Condensed Consolidated Financial Statements, the Company received proceeds of approximately $140.7 million from the conclusion of litigation which will be recorded in other income, net of legal and other associated costs, in the fourth quarter of 1997"......... Assuming the diluted share base stays around 120M, the R&D charge s/b approx $1.13/sh (no tax benefit). NLV gain approx $0.75/sh (assumes tax rate stays at 36.5%). Only unknown is the "net of legal and other associated costs".

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