ADFlex Solutions Inc. clarifies 1995 EPS data.CHANDLER, Ariz.--(BUSINESS WIRE)--March 21, 1996--ADFlex Solutions Inc. (Nasdaq NM:AFLX) Thursday reported that previously released earnings-per-share data for the fourth quarter and year ended Dec. 31, 1995, were misstated due to a computational error in the number of shares used in calculating per-share data, after giving effect to the one-time charge to 1995 earnings of the $13.9 million write-off of in-process technology related to the company's year-end acquisition of the flexible interconnect (1) To attach one device to another. (2) A physical port (plug, socket) or wireless port (transmitter, receiver) used to attach one device to another. division of Xyratex. The correct number of shares for the fourth quarter and year ended Dec. 31, 1995, are 7,071,000, and 6,855,000, respectively, resulting in a net loss of $1.60 per share for the quarter and 54 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. for the year. In a Jan. 30, 1996, news release, ADFlex reported the number of shares used for computing computing - computer per-share earnings for the fourth quarter and year ended Dec. 31, 1995, as 7,409,000 and 7,268,000, respectively. ADFlex Solutions is a leading supplier of flexible circuit-based interconnect solutions to the computer, computer peripheral and communication industries. Applications for flex-based interconnects include cellular telephones, hard disk drives and other storage systems, high-end consumer products, notebook computers A laptop computer that weighs in a range from five to seven pounds. The term originated when laptops were routinely more than 10 pounds, and those that became lighter were placed in a special "notebook" category. In practice, notebook computer and laptop computer are synonymous. , pagers and personal communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. . CONTACT: ADFlex Solutions Inc., Chandler Rolando C. Esteverena, 602/963-4584 or Silverman Heller Associates, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Lou Alkana, 310/208-2550 |
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