Tioga Technologies corrects Items in 2002 year-end results
Israel’s Tioga Technologies announced an error in the number of diluted shares as reported in its fourth quarter and year-end 2002 financial results press release issued on January 16, 2003. As a result, the diluted earning per share figures were incorrect as well.
The correct number of shares used for the calculation of diluted net earning per share for the fourth quarter ending December 31 2002 is 28.2 million as opposed to the previously reported 35.2 million. The correct diluted net earning per share for the fourth quarter ending December 31, 2002 is $0.12, as opposed to $0.09 previously reported.
Tioga Technologies is a developer of standard integrated circuits (ICs) for broadband communications applications. Tioga's digital subscriber line (DSL) ICs enables the digital transmission of voice, video and data over standard telephone lines. — (menareport.com)
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