Diamond MM Q3 (OUCH!)
SAN JOSE, Calif., Oct. 8 (Reuters) -
Diamond Multimedia Systems, Inc.
Consolidated Statement of Operations
(unaudited; in thousands, except per share amounts)
Three Months Ended Nine Months Ended
September 30 September 30
1998 1997 1998 1997
Net sales $123,200 $92,028 $481,743 $257,413
Cost of sales 122,817 73,850 419,271 242,767
Gross profit 383 18,178 62,472 14,646
Research & development
8,135 5,899 22,395 18,121
Selling, general and
administrative 23,231 16,474 70,136 61,557
Amortization of
intangibles 244 172 732 2,831
Write-off of intangibles
-- -- -- 9,938
Restructuring expenses -- -- 1,384 --
Total operating
expenses 31,610 22,545 94,646 92,447
Loss from operations
(31,227) (4,367) (32,175) (77,801)
Interest income
(expense), net (12) 388 481 1,426
Other income
(expense), net (402) 50 (457) 783
Loss before provision
(benefit) for
income taxes (31,641) (3,929) (32,151) (75,592)
Provision (benefit)
for income taxes (9,465) (1,376) (9,618) (22,979)
Net Loss ( 22,176) ( 2,553) ( 22,533) ( 52,613)
Shares used in per
share calculation:
Basic 34,990 34,389 34,863 34,274
Diluted 34,990 34,389 34,863 34,274
Net loss per share:
Basic (0.63) (0.07) (0.65) (1.54)
Diluted (0.63) (0.07) (0.65) (1.54)
((Los Angeles Newsdesk 213-380-2014)) |
