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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
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To: schlep who wrote (6256)4/19/1999 9:44:00 PM
From: BWAC  Read Replies (1) of 6565
 
Ok schlep, let me put my accounting cap back on,

from the press release income statement:

We have income before taxes of 6,443. Add back the 4,500 tender offer expense, deduct the ARM gain of 7,625. We get operating earnings of 3,318. Figure in effective tax rate of 27% or 896, and we get net earnings from operations of 2,422. Divide by 50 Million shares O/S = .04844
Or 5 cents per share.

Now the bad news. Within our operating earnings of 3,318, there is net interest income of 1,225 which means about 1/3 of the profits came from interest on their cash. Why is this, if the fabs are at full capacity? Does it have something to do with another excessive Al perk? New alarm system maybe?
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