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Technology Stocks : Cabletron Systems (CS: NYSE) -- Ignore unavailable to you. Want to Upgrade?

To: Maryann M who wrote (6529)	7/16/1999 2:04:00 PM
From: Salt'n'Peppa	Read Replies (1) \| Respond to of 8358

CABLETRON SYSTEMS, INC.CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (unaudited) Three Months Ended May 31, 1999 1998 ---- ---- Net sales .................................... $ 349,533 $ 365,747 Cost of sales ................................ 212,615 216,112 --------- --------- Gross profit ............................ 136,918 149,635 --------- --------- Operating expenses: Research and development ................ 50,797 54,209 Selling, general and administrative ..... 102,362 106,786 Special charges ......................... 23,736 150,000 --------- --------- Total operating expenses ............ 176,895 310,995 --------- --------- Loss from operations ................ (39,977) (161,360) Interest income .............................. 4,068 3,839 --------- --------- Loss before income tax benefit....... (35,909) (157,521) Income tax benefit ........................... 13,384 2,952 --------- --------- Net loss ..................................... ($ 22,525) ($154,569) ========= ========= Net loss per share: Basic ................................... ($ 0.13) ($ 0.95) ========= ========= Diluted ................................. ($ 0.13) ($ 0.95) ========= ========= Weighted average number of shares outstanding: Basic ................................... 173,090 163,394 ========= ========= Diluted ................................. 173,090 163,394 ========= ========= Net loss per share has been reduced by a huge amount, year over year. These are steps in the right direction. S&P