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These excerpts taken from the WSTL 10-K filed Jun 15, 2009. Minority Interest Minority interest expense was $74,000, $260,000 and $235,000 in fiscal years 2009, 2008 and 2007, respectively. Minority interest expense represents the Company’s minority share of income at the then 91.5% owned subsidiary, Conference Plus, Inc. The remaining minority interest was purchased by the Company in the third quarter of fiscal 2009.
Discontinued Operations Net loss from discontinued operations was $206,000 and $1.5 million in fiscal years 2009 and 2008, respectively and net income from discontinued operations of $773,000 in fiscal 2007. In the first quarter of fiscal year 2009, the Company decided to cease the operations of its Westell Limited subsidiary in the UK. All remaining employees have been terminated and the facility has been closed.
Minority Interest Minority interest expense was $74,000, $260,000 and $235,000 in fiscal years 2009, 2008 and 2007, respectively. Minority interest expense represents the Company’s minority share of income at the then 91.5% owned subsidiary, Conference Plus, Inc. The remaining minority interest was purchased by the Company in the third quarter of fiscal 2009.
Discontinued Operations Net loss from discontinued operations was $206,000 and $1.5 million in fiscal years 2009 and 2008, respectively and net income from discontinued operations of $773,000 in fiscal 2007. In the first quarter of fiscal year 2009, the Company decided to cease the operations of its Westell Limited subsidiary in the UK. All remaining employees have been terminated and the facility has been closed.
These excerpts taken from the WSTL 10-K filed Jun 16, 2008. Minority Interest Minority interest expense was $260,000, $235,000 and $304,000 in fiscal years 2008, 2007 and 2006, respectively. Minority interest expense is the minority shareholders’ share of income at 91.5% owned subsidiary, ConferencePlus, Inc.
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Minority Interest Minority interest expense was $260,000, $235,000 and $304,000 in fiscal years 2008, 2007 and 2006, respectively. Minority interest expense is the minority shareholders’ share of income at 91.5% owned subsidiary, ConferencePlus, Inc.
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This excerpt taken from the WSTL 10-K filed Jun 14, 2007. Minority Interest. Minority interest expense was $236,000, $304,000 and $520,000 in fiscal years 2007, 2006 and 2005, respectively. Minority interest expense is the minority shareholders’ share of income at 91.5% owned subsidiary, Conference Plus Inc.
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This excerpt taken from the WSTL 10-K filed Jun 14, 2006. Minority Interest. Minority interest expense was $304,000, $520,000 and $373,000 in fiscal years 2006, 2005 and 2004, respectively. Minority interest expense is the minority shareholders’ share of income at 91.5% owned subsidiary, Conference Plus Inc.
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This excerpt taken from the WSTL 10-K filed Jun 14, 2005. Minority Interest. Minority interest expense was $271,000, $373,000 and $520,000 in fiscal years 2003, 2004 and 2005, respectively. Minority interest expense is the minority shareholders’ share of income at 91.5% owned subsidiary, Conference Plus Inc.
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