Teletek (TLTK): Relaxed and Holding Message Board

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Technology Stocks : Teletek (TLTK): Relaxed and Holding

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To: Michael Bower who wrote (2196)	10/2/1996 3:00:00 AM
From: Dee Jay	of 3645

My recollection of financial statements is that a sale of an asset such as that would be listed as an extraordinary item, separate and apart from revenues and profits from continuing operations. It would still add to the net gain or loss but would stick out like a sore thumb - so, was there such an item in the 1st, 2nd or 3rd quarters? If so, that's what got reallocated to another pew, meaning the prior fiscal year, dropping its loss to only $275K. IF the number was $1.7 million in an extraordinary gain from the sale of assets and IF that amount was removed from 1996 and put in 1995, and IF 1996 still ended up with a $2.1 million profit after that 1.7 mill was extracted out, THEN (without that reallocation to 1995) 1996's numbers would have been a net of $3.8 million - so the 4th quarter had to result in gangbuster numbers!! And that would be a very nice trendline. It's late and I'm tired and maybe there's a big hole in my thinking; if so, feel free to point it out. Otherwise things don't appear to be so glum assuming my assumptions are correct. Dee Jay

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