last sale 7 07/09 16:17 *DIAMOND MULTIMEDIA <DIMD.O> Q2 DIL SHR LOSS $0.24 VS LOSS $1.29
SAN JOSE, Calif., July 9 (Reuters) -
(unaudited; in thousands, except per share amounts)
Three Months Ended Six Months Ended
Jun 30, Jun 30, Jun 30, Jun 30,
1998 1997 1998 1997
Net sales $172,347 $52,982 $358,543 $165,384
Cost of sales 151,884 76,100 296,454 168,917
Gross profit 20,463 (23,118) 62,089 (3,533)
Research & development 7,168 6,529 14,260 12,221
Selling, general and
administrative 23,747 22,572 46,905 45,083
Amortization of
intangibles 244 1,343 488 2,659
Write-off of
intangibles - 9,938 - 9,938
Restructuring expenses 1,384 - 1,384 -
Total operating
expenses 32,542 40,382 63,036 69,901
Income (loss) from
operations (12,080) (63,500) (948) (73,434)
Interest income
(expense), net 157 494 493 1,037
Other income (expense),
net 89 788 (55) 733
Income (loss) before
provision (benefit)
for income taxes (11,834) (62,218) (510) (71,664)
Provision (benefit) for
income taxes (3,550) (18,109) (153) (21,604)
Net income (loss) ( 8,284) ( 44,109) ( 357) ( 50,060)
Shares used in per
share calculation:
Basic 34,991 34,254 34,636 34,217
Diluted 34,991 34,254 34,636 34,217
Net income (loss) per
share:
Basic (0.24) (1.29) (0.01) (1.46)
Diluted (0.24) (1.29) (0.01) (1.46) |
