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Technology Stocks : Macromedia...making a comeback? -- Ignore unavailable to you. Want to Upgrade?


To: Charlie J who wrote (2035)1/27/1998 8:11:00 PM
From: Patrice Gigahurtz  Read Replies (2) | Respond to of 2675
 
But that (.04 cents) was out there during the recent run up too. So why did she ease ? I mean it was no secret that the consensus was minus .04cents, right ? BTW: Have you noticed that MCRE and ADBE have eased too after moving up off recent lows ? Whats going on in the graphics software domain ?

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To: Charlie J who wrote (2035)1/28/1998 7:26:00 AM
From: alex  Respond to of 2675
 
The consensus of -$.04 after cost of Acquisition of $7.5 million..
Without Acquisition Net Income of $3 or $4 millions or not?
Last quarter Net Icome was $313,000 or $0.01 per share...

Macromedia Announces Acquisition of Solis, Inc., Leader in Open Systems for On-line Learning
Transaction details
The acquisition will be accounted for by the purchase method of accounting. Macromedia expects a one-time charge of approximately $7.5 million against earnings during its fiscal third quarter related to the write-off of research and development in-process and other costs related to the transaction.

Alex.