Do we laugh or cry at the last statement in this earnings report?
MEMC Electronic Materials Results -2: 1Q Financial Table>WFR
MEMC Electronic Materials Inc. - St. Peters, Mo.
1st Quar March 31:
1999 1998
Sales $159,800,000 $235,243,000
Net income (50,254,000) (30,838,000)
Avg shrs 42,196,538 40,898,246
Shr earns
Net income (1.19) (.75)
a. Includes $8 million in pretax restructuring costs.
MEMC Electronic Materials Inc. (WFR), which makes silicon wafers,
said first-quarter gross margin improved to negative 8.6% from
negative 15.4% in the year-ago period.
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