- Operating income is expected to be between $32 million and $67 million, or between (69 percent) decline and (36 percent) decline, compared with second quarter 2005. This guidance includes $38 million for stock-based compensation and amortization of intangible assets, and it assumes, among other things, that no additional intangible assets are recorded and that there are no further revisions to stock-based compensation estimates.
Full Year 2006 Expectations
- Net sales are expected to be between $9.95 billion and $10.50 billion, or to grow between 17 percent and 24 percent compared with 2005.
- Operating income is expected to be between $390 million and $520 million, or between (10 percent) decline and 20 percent growth, compared with 2005.
This guidance includes $125 million for stock-based compensation and amortization of intangible assets, and it assumes, among other things, that no additional intangible assets are recorded and that there are no further revisions to stock-based compensation estimates.
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