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Technology Stocks : Macromedia...making a comeback?

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To: Charlie J who wrote (2035)1/28/1998 7:26:00 AM
From: alex   of 2675
 
The consensus of -$.04 after cost of Acquisition of $7.5 million..
Without Acquisition Net Income of $3 or $4 millions or not?
Last quarter Net Icome was $313,000 or $0.01 per share...

Macromedia Announces Acquisition of Solis, Inc., Leader in Open Systems for On-line Learning
Transaction details
The acquisition will be accounted for by the purchase method of accounting. Macromedia expects a one-time charge of approximately $7.5 million against earnings during its fiscal third quarter related to the write-off of research and development in-process and other costs related to the transaction.

Alex.
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