The first 6 mos. of this year appears worse than last first 6 mos. of 96'. Anyone please correct me (flame me...beat me) if I am wrong. Net loss for the 1st 6 mos. of 96' were 31,383,000 (or $2.32/share based on 13,551,000 shares. But this loss was mainly due to a one time charge of $31,554,000 for the "merger" between the Company and the former Amati Communications Corp. It is my understanding that usual accounting or analyst's projections ignore one time charges. As this was a "merger" it would seem reasonable to me to ignore this one time charge in order to get an idea of how the money is flowing into or out of the company. So if we ignore this charge we are left with a $177,000 (-31,383,000+31,554,000) ($.0126/share) profit for the first 6 months of 96' fiscal year compared to a $0.19 ($3,532,000/18,208 shares)loss for the first 6 months of 97'.
They appear to be burning money compared to last year. SGA expenses up sharply. Someone put this into perspective for me. They appear to need products as well as a more aggressive licensing stance to stay afloat.
Questioningly,
Mike |
