Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Adaptec (ADPT) -- Ignore unavailable to you. Want to Upgrade?

To: Starowl who wrote (3124)	7/24/1998 6:20:00 AM
From: Dr. Johannes Bruski	Read Replies (1) \| Respond to of 5944

Starowl, may I lend you may rose-colored glasses: Operating income before taxes was roughly 8.87 m. Add their negative number for income taxes of 3.86 m and you arrive at something like 12.7 m as net operating profit. But that excludes the interest income of 6.066 m. Add 6.066 m to 8.870 m. That's almost 19.000 m and tax free this time (because of the loss triggered by the one-time-charge, which has already been paid for). Divided by the no. of shares, I arrive at about 16-17 cents of net profit. Isn't that almost your projection? Or is all this wrong? (Anyways, I will not buy more Adaptec either until a business turnaround becomes visible.) BTW, could someone more expert in GAAP than my humble self explain how one calculates negative provisions for income taxes in California and whether you can have a loss be carried forward into a subsequent business year (which would mean that today's charges will become tomorrows net income)? Johannes