The posted loss was due to special charges related to aquisitions of Open Developement Corp. and CNET, all expected charges. If you back out the special charges earning came in at .15 cents per share which was 1 penny ahead of the .14 First Call estimate. On the negitive side GEMS is projecting earnings to be sequencially lower for the next quarter.
The expectations for Q4 was 0.14 and for the year was 0.85 Q4 earnings are 0.15 and for the year is 0.84 Howcome these 2 do not add up!!! If GEMS exceeded the estimates by 0.01 then they should have exceeded the 1997 income by 0.01 not miss it by 0.01!! Any comments?