FORE Systems, Inc. Announces Second Quarter
Financial Results
biz.yahoo.com
Thursday October 15, 4:18 pm Eastern Time
PITTSBURGH, Oct. 15 /PRNewswire/ -- FORE Systems, Inc. (Nasdaq: FORE - news) today announced final financial results for its fiscal second quarter ended September 30, 1998.
Revenue for the second quarter of fiscal 1999 totaled $141.8 million, or an increase of 29% over revenue of $109.7 millionreported in the previous year's fiscal second quarter. Net income and diluted earnings per share, excluding purchased research and development costs and restructuring charges relating to the September 1998 acquisition of Berkeley Networks, Inc., were $9.4 million and $.09 per diluted share, respectively, an increase of 35% from the $7.0 million and $.07 per diluted share reported during the previous year's fiscal second quarter. After including the purchased research and development costs and restructuring charges related to the acquisition of Berkeley Networks, FORE posted a second quarter loss of $193.6 million or $1.88 per diluted share.
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