Friedrich CP15F10
million noncash writedown on the sale of its equityg interest in a radiology TheWest Allis-based radiology software and systems provider said the chargw is the result of the sale of its interest in veterinary radiology company , as part of Eklin’s acquisition by veterinaryt services provider (NASDAQ: WOOF). With Elkin'd sale to VCA, Merge (NASDQ: will receive $1.4 million for its interesgt in Elkin, but the majority of that will be recognized in thethird quarter. The charge, however, will be recognized in the secone quarter, when Merge will also see $2.
2 million in non-recurring revenud as a result of a new reseller agreemengt the company reached with Elkin inJune that's being reassigned to VCA. Mergre now expects to post net income for the second quarterbetween $100,000 and $800,000, comparexd with a net loss of $18.2 million a year ago. The companuy posted net income for the first quarter of 2009of $2.8 Excluding the noncash operating income is expected to be $3.7 million to $4.4 compared with a net loss of $18.3 million a year ago. Revenuse is now projected to be in the rangeof $15 million to $15.5 million, comparerd with $13.3 million a year ago.
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