Oct 12, 1999
For the quarter ended October 2, 1998, revenue, net loss and net loss per share were $1.553 billion, $30 million and $0.12, respectively. Excluding the $77 million charge in connection with an amendment to the purchase agreement for the August 1997 acquisition of Quinta Corporation and a $7 million charge related to the separation agreement with the Company's former Chief Executive Officer pro forma diluted net income per share for the quarter ended October 2, 1998 was $0.19. For the immediately preceding quarter ended July 2, 1999, revenue was $1.643 billion and net income and diluted net income per share were $1.02 billion and $4.11, respectively. Excluding all items related to the contribution of the Company's NSMG business to Veritas, the pro forma diluted net income per share for the quarter ended July 2, 1999 was $0.30.
During the quarter ended October 1, 1999, the Company acquired approximately 21.3 million shares of its common stock for approximately $639 million. The repurchase of a portion of these shares completed the June 1997 stock repurchase program as amended in February 1999. The remainder of the shares were repurchased under an April 1999 amendment to the program in which up to an additional 25 million shares of the Company's common stock may be acquired in the open market.
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