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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (70621)	4/24/2001 8:54:44 PM
From: Jay Fisk	Respond to of 122087

TERN adds a new dimension to proforma... a timed-release writedown in today's loss announcement: ""The pro forma results exclude: (1) non-cash charges for in-process research and development expenses in 2000, the amortization of intangible assets related to acquisitions, stock compensation, the cost of certain warrants to purchase common stock, and asset write-offs; (2) restructuring charges; and (3) the gain resulting from the retirement of debt. Including these charges and the gain resulting from the retirement of debt, the net loss for the first quarter of 2001 was $1.01 per share, or $68.5 million, versus a net loss of $0.52 per share, or $28.4 million for the same period last year."" That's bad enough, but then they add: ""Due to industry downturns, the Company is currently evaluating the carrying value of certain long-lived assets consisting primarily of goodwill. The Company may record additional charges to reduce the carrying value of these assets. These charges may be recorded as an adjustment to the Company's financial statement at March 31, 2001, and the Company would reflect such adjustments in subsequent SEC filings."" From: biz.yahoo.com Yikes ! The 1Q COG's exceeded the Rev's ! Stayin short.