I don't understand why you are denying this Daneo, its right there on the income statement which I have included here. I have bolded the investment income they are realizing
Firstly they EXCLUDED a write down of $14 million from the results but then INCLUDED $11 million in investment income. It is simply a joke what they are tryng to pull here.
PROFORMA CONSOLIDATED STATEMENTS OF OPERATIONS
Excluding one-time write-down of long-term investments of $14.75 million
For the three For the year
months ended ended
(in US $000's, except for
proforma earnings per share) February February February February
28, 2001 29, 2000 28, 2001 29, 2000
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(unaudited)
Revenue $ 90,079 $ 25,801 $221,327 $ 84,967
Cost of sales 55,593 15,534 133,852 48,574
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Gross margin 34,486 10,267 87,475 36,393
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Research and development 7,141 1,587 18,281 7,738
Selling, marketing and
administration 22,272 5,082 65,200 13,904
Amortization 3,212 1,706 8,645 4,683
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32,625 8,375 92,126 26,325
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Income (loss) from operations 1,861 1,892 (4,651) 10,068
Investment income 11,238 2,995 22,921 5,968
------------------------------------------
Income before provision for
income taxes 13,099 4,887 18,270 16,036
Provision for income taxes 4,819 1,679 9,731 5,538
------------------------------------------
Proforma net income $ 8,280 $ 3,208 $ 8,539 $ 10,498
------------------------------------------
------------------------------------------
Proforma earnings per share,
basic $ 0.11 $ 0.05 $ 0.12 $ 0.16
Proforma earnings per share,
diluted $ 0.10 $ 0.04 $ 0.11 $ 0.14 |
