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Technology Stocks : Adaptec (ADPT)
ADPT 16.12-0.7%12:29 PM EST
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To: Joseph Francis Torti who wrote (3087)7/23/1998 4:54:00 PM
From: Jim Switz  Read Replies (1) of 5944
 
Joseph, that 55-61 cent writedown was just for the Ridge/ADI acquisitions. In separate releases, they said they'd also take charges for Symbios-related expenses and layoffs. See my message #2972 for how I figured it'd come out. I used the worst-case numbers and came up with a charge of $102 million, or 89 cents/share. Actual was $96 million, or 78 cents/share.

They didn't lie.

But, did anyone else notice that the press release neglected to mention the average number of shares outstanding, for per-share calculations? I need to track this down for input into my spreadsheet.
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