Jul 14, 1998
For the quarter ended June 27, 1997, revenue, net income and diluted net income per share were $1.977 billion, $59 million and $0.23 respectively. Excluding the Amstrad PLC litigation charge of $153 million and $2 million for restructuring costs and the tax effects related to these items, pro forma diluted net income per share for the three months ended June 27, 1997 would have been $0.61. For the immediately preceding quarter ended April 3, 1998, revenue was $1.675 billion with a net loss and net loss per share of $129 million and $0.53, respectively. Excluding the restructuring charge of $142 million and special charges of $24 million and the tax effects related to these items, the pro forma net loss for the quarter ended April 3, 1998 would have been $0.10 per share.
For the year ended July 3, 1998, revenue was $6.819 billion and net loss and net loss per share were $530 million and $2.17, respectively. This compares with revenue, net income and diluted net income per share of $8.940 billion, $658 million and $2.62, respectively, for the year ended June 27, 1997.
In the quarter ended January 2, 1998, the Company adopted Statement of Financial Accounting Standards No. 128, "Earnings per Share." All prior periods have been restated accordingly.
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