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Exhibit 99(i)
TAISIL ELECTRONIC MATERIALS CORPORATION
STATEMENTS OF OPERATIONS
YEARS ENDED DECEMBER 31, 1998 , 1997 AND 1996
(EXPRESSED IN THOUSANDS OF US DOLLARS)
1996
1998 1997 (UNAUDITED)
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Net sales (note 3) $ 58,663 61,554 7,214
Cost of goods sold (note 3) 80,284 70,017 21,569
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Gross loss (21,621) (8,463) (14,355)
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Selling, general and administrative expense 7,678 6,939 8,058
Research and development expense 2,117 6,908 3,523
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9,795 13,847 11,581
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Operating loss (31,416) (22,310) (25,936)
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Non-operating income (expense):
Interest income 1,589 1,959 3,607
Interest expense, excluding capitalized interest of $0 in
1998, $991 in 1997 and $1,799 in 1996 (note 3) (15,286) (15,356) (6,955)
Gain (loss) on foreign exchange, net (1,773) 14,800 622
Other income, net (note 3) 1,525 1,458 79
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(13,945) 2,861 (2,647)
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Loss before income tax (45,361) (19,449) (28,583)
Income tax benefit (expense) (note 12) (13,053) 5,665 11,652
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Net loss $ (58,414) (13,784) (16,931)
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See accompanying notes to financial statements.