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Re: poster44ny post# 2236

Saturday, 07/11/2009 10:42:37 AM

Saturday, July 11, 2009 10:42:37 AM

Post# of 16651
Could you please do some digging in the earnings? Will do so as well, but what I'm looking for is why previous quarter earnings were negative.
I got the timeline all screwed up atm.
There was the lawsuit settlement which was paid for
There were the layoffs as well.

What Im looking for is when and how the money paid for the lawsuit had an effect and if the results for that quarter were allready affected by the layoffs/debtpayments etc.
I hope you can see where I am going.
Because if the lawsuit money had an effect on the loss, but the expense cuts werent effective as of then .. then we might have an interesting upcoming result.

As in:
1) the one off loss related to the 52million fine pushed the earnings down, but that wont happen this quarter (AS LONG AS THE LAWSUIT WAS PAID FIRS Q THIS YEAR - otherwise this claim is void).
2) the expense cuts have yet to show its effect on the earnings (AS LONG AS THIS CUT WAS MADE THIS QUARTER AND NOT FIRST - otherwise this claim is void).

if and only if the one off lawsuit money paid was first quarter and the expense cuts were this quarter .. then we might see a huuuuuuuuge increase in earnings.

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