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Technology Stocks : CYRIX / NSM -- Ignore unavailable to you. Want to Upgrade?

To: FJB who wrote (21944)12/10/1997 12:26:00 AM
From: Joe NYC  Read Replies (1) | Respond to of 33344
 
Bob,

They took $19M of revenues Cyrix had recognized and placed them in distributor reserves to more accurately reflect the value of inventory in the channel which would have been marked down in the future anyway.

Make sense?

Ok, my understanding is this:

NSM recognized revenues = Cyrix recognized revenues - inventory writedown

79M = Cyrix recognized revenue - 14M

Cyrix recognized revenue = 93M

Which is what Cyrix reported in Q3.

I think it is starting to make sense

Joe



To: FJB who wrote (21944)12/10/1997 12:33:00 AM
From: Joe NYC  Read Replies (1) | Respond to of 33344
 
Bob,

Still, I don't get 1.18 per share loss for Cyrix people are talking about here. There were almost 20M shares, so the 1 time charge is $14M/20M = $.70 and regular loss is $3.8M/20M = .19, combined: $17.8M/20M = $.89 per share.

Joe


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