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To: Scrapps who wrote (12946)2/20/1998 4:15:00 PM
From: Moonray  Read Replies (1) | Respond to of 22053
 
Hayes Corporation Announces Fourth Quarter and 1997 Year End Results;
Takes Previously Announced One-Time Charges in Q4 Related to Merger
and Restructuring

Net revenues for Hayes for the fourth quarter of fiscal 1997 were
$52.9 million, versus $56.0 million
reported in the fourth quarter
of 1996. The Company reported a net loss before preferred stock
dividends for the quarter of $66.6 million, or $2.71 per share, which
includes one time restructuring and merger charges in the amount of $63.4 million, or $2.58 per share. Without these charges, the net loss
from operations would have been $3.2 million, or $0.13 per share. The
net loss for the comparable period last year was $3.5 million, or
$0.15 per share.

biz.yahoo.com

o~~~ O