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Technology Stocks : Brightpoint - CELL -- Ignore unavailable to you. Want to Upgrade?


To: Paul Shread who wrote (1121)10/26/1998 9:44:00 AM
From: Grabs  Read Replies (1) | Respond to of 1999
 
I read that there was about $2 million in "non-recurring" integration expenses, however, those expenses were not technically treated as non recurring for accounting purposes. Without those, they would have come in at $0.20 EPS which was .01 ahead.

While we may want to give them the benefit for those not being recurring, (and by the rise in stock price, maybe the market did as well), we must consider that CELL makes several acquisitions every quarter (or most quarters) and integration expenses are not non-recurring, they seem to be IMO more like ongoing expenses.

Just my opinion.

Grabs