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Technology Stocks : BMC Software

BMCS 0.00520

-36.6%

Nov 3 2:14 PM EST

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To: norm chin who wrote (571)	2/18/1999 1:01:00 PM
From: Douglas V. Fant	Read Replies (1) of 1492

Norm, I believe that the charge would only affect the quarters retroactively in which the two transactions occurred. Mid- 1997 forward, so say six quarters at a penny/quarter or a $0.06 charge in total- or at least I read it in that fashion. Do you read the 10Q in a more prospective light in that the $0.01 impact would be on future quarters? And of course that is assuming that the SEC prevails 100% in their interpetation of the in-process R&D charges from the two acquisitions...So the charge might end up being a little less.... To me not a big impact when BMCS lists $1,024,000,000 cash and short-term investments in the bank as part of its curret assets in the same SEC Form 10Q.. Pretty solidly postioned.... At 1%/quarter BMCS earns $10MM in interest every quarter....A $0.06 charge times 215.5MM shares outstanding = $12.9mm dollars- so the interest off of BMCS's cash in the bank pays for the restated charge in slightly more than one quarter.... Sincerely, Doug F.

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