Q4 2003 Earnings

Reported December 30, 2003

Quarter Comparison

Revenue

Operating Income

EPS (Diluted)

Free Cash Flow

Metric	Q4 2003	Q3 2003	Q4 2002	QoQ Change	YoY Change
Revenue	$0	—	—	—	—
Op. Income	-$1M	—	—	—	—
EPS (Diluted)	$-283.52	—	—	—	—
Free Cash Flow	-$1M	—	—	—	—

Income Statement

Item	Amount
REVENUE	$0
Cost of Revenue	$0
GROSS PROFIT	$0
R&D Expenses	$220.1K
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$147.2K
Operating Expenses	$367.2K
Cost & Expenses	$367.2K
OPERATING INCOME	-$1M
Interest Income	$6.8K
Interest Expense	$5.4K
Other Income/Expenses	-$5.4K
INCOME BEFORE TAX	-$1M
Income Tax Expense	-$20.3K
Net Income from Continuing Ops	-$1M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$1M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$1M
D&A	$21.6K
EBIT	-$1M
EBITDA	-$1M
EPS	-$284
EPS Diluted	-$284

Cash Flow Statement

Item	Amount
Net Income	-$1M
Depreciation & Amortization	$21.6K
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$500.9K
Change in Working Capital	-$226.8K
OPERATING CASH FLOW	-$1M
Capital Expenditure	-$33.8K
Acquisitions (Net)	$0
Purchases of Investments	-$33.8K
Sales/Maturities of Investments	$0
Other Investing Activities	-$198.5K
NET CASH FROM INVESTING	-$266.0K
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$1M
NET CASH FROM FINANCING	$1M
FREE CASH FLOW	-$1M
Net Change in Cash	-$1M