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Infinera Corporation Message Board

  • its_greek_to_me its_greek_to_me Oct 23, 2013 4:23 PM Flag

    Managment sucked $9 million out of the company this quarter alone

    Too many stock options being granted to officers and board members. Look at the GAAP vs. non-GAAP numbers. Just wait for the call.

    Sentiment: Strong Sell

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    • Aren't these the numbers?

      :GAAP gross margin for the third quarter of 2013 was 48% compared to 37% in the second quarter of 2013 and 37% in the third quarter of 2012. GAAP net income for the quarter was $3.3 million, or $0.03 per diluted share, compared to a net loss of $(10.0) million, or $(0.09) per share, in the second quarter of 2013 and a net loss of $(19.1) million, or $(0.17) per share, in the third quarter of 2012.

 
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