More good news from SEC filiing on 11/30/98
PART III
NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period. (Attach Extra Sheets if Needed)
The Registrant was unable to file its Form 10-K for the fiscal year ended
August 31, 1998 within the prescribed time period without unreasonable effort or
expense due to the Registrant reevaluating its acquisition-related charge
relating to the HP Laser Jet organization it acquired in August 1998. It is
anticipated that this acquisition related-charge will be reduced from $24.4
million, as previously reported on October 6, 1998, to approximately $20.8
million, increasing the Registrant's net income for the fiscal year ended August
31, 1998 by approximately $2.2 million, or $.06 per share. The change from the
previously reported acquisition-related charge is due to a reduction in the
in-process research and development related expense in light of recent
Securities and Exchange Commission guidance in this area. |
