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Technology Stocks : Ampex Corporation (AEXCA) -- Ignore unavailable to you. Want to Upgrade?

To: bchunter38 who wrote (3035)	7/22/1998 9:11:00 PM
From: CompJock	Read Replies (1) \| Respond to of 17679

As you can see below (1st column is last quarter, 2nd is previous), AXC ran an operating loss last quarter. Only the 5 million (rebate ?) from taxes gave them a positive quarter. This quarter the interest paid for the 12 million dollar loan and some of the expense related to the acquisition will add to the negative numbers. ... and without a tax adjustment, I see negative numbers for this the quarter. Net sales $ 16,826 $ 21,081 Cost of sales 8,896 10,562 -------------- -------------- Gross profit 7,930 10,519 Selling and admin 5,007 7,646 R & D 3,038 3,748 Royalty income (1,834) (5,782) Restructuring 2,800 - -------------- -------------- Operating income (loss) (1,081) 4,907 Interest expense 662 31 Amort of debt fin 37 - Interest income (837) (778) Other(income) expense 6 58 -------------- -------------- Income(loss)before tax (949) 5,596 Provision for (benefit of) income taxes (5,042) 652 -------------- -------------- Net income 4,093 4,944