Ian: Why don't you explain yourself instead of tossing mud at others. Did you read the May 4th press release?
Don't give me that bit about Operating Expenses does not include Unusual Items such as Restructuring Charges either. When I look at the company's Earnings Statement, it is clear that Operating Expenses has included Restructuring Expenses in previous quarters. If Lutz meant US 12 cents to 14 cents before restructuring charges, he should have stated as much. The way the May 4 press release reads, it gives the impression that there would be no writeoffs or charges. Again, another underhanded, misleading press release by Newbridge. The fact is, the company lost almost $30 million and that was not expected!
I don't need any lessons from you on what constitutes Operating Earnings. Although Restructuring Expenses are not usually considered Income Deductions, Newbridge nevertheless expensed them as such in previous quarters. Take a look a the company's previous Earnings Statements to see what I mean.
It therefore stands to reason that when Lutz talked about Operating Earnings of US 12 cents to 14 cents, it was logical to conclude, based on the reading of previous Earnings Statements, that this would include any unusual charges.
If there's any nonsense here, it's on the part of the company and its cheerleaders like you. |
