i agree with your analysis, and here are the earnings
OPTi Reports Results for Q1 1998
MILPITAS, Calif.--(BUSINESS WIRE)--April 16, 1998--OPTi Inc. (NASDAQ/NMS:OPTI) announces results for its 1998 first quarter.
Net sales for the quarter ended March 31, 1998 were $9,845,000 as compared with $23,621,000 for the comparable quarter of 1997. Net loss for the first quarter was ($1,830,000) or ($0.14) per share, as compared with a net loss of ($259,000), or ($0.02) per share, for the first quarter of 1997. Total operating expenses were $5,361,000 for the first quarter of 1998 as compared with $7,159,000 for the first quarter of 1997.
Basic and diluted shares used in computing per share amounts for the three months ended March 31, 1998 and 1997 were 13,191,000 and 12,686,000, respectively.
Jerry Chang, CEO and President said, "Since our announcement in early February of this year, the Company has been working closely with our investment banking firm in regards to selling the company or certain of its assets. At this time the Company is in discussion with several parties on various assets of the Company. While we are hopeful that we can announce something in the short term, nothing in relation to these discussions is imminent." |
