<<Per the yahoo press release link from Rob's post....pretax operating loss of $20,300M, approx. 82,000M shares outstanding. This gives an operating loss of 24.76 cents per share. The forward expectations...whatever the hell they are....will be driving the stock:-) >>
I really wish that the number could be so simple as you indicated. (BTW, I think you mean $20,300 K and 82,000 K shares not $20,300 M & 82,000 M shares) But the loss excluding write-down and re-structure charge was $23.6 M before the income tax. What really strange was the big income tax, which is about $35.2 M. Normally, if a company show as operating loss, the income tax becomes benefit, as the loss will be carried forward to offset earning in the future. In addition, when a company writes off the assets, it is, in fact, accelerating the depreciation of its plant & equipment, which should reduce the tax burden. I do not know if the big tax bite is because of accounting tricks (i.e. delaying the income tax for the past few Q's or prepaying tax for next few Q's). Whatever the causes are, IDTI seems to be a company that just could not deliver.
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