ZBRA » Topics » Results include previously announced settlement and licensing agreement

This excerpt taken from the ZBRA 8-K filed Nov 1, 2006.

Results include previously announced settlement and licensing agreement

Vernon Hills, IL, November 1, 2006—Zebra Technologies Corporation (NASDAQ: ZBRA) today announced that net sales for the quarter ended September 30, 2006, were $186,386,000, up 6.1% from $175,636,000 for the same period a year ago. Net loss for the period was $4,263,000, or $0.06 per basic and diluted share, including a pretax charge of $53,392,000 related to the previously announced settlement of a dispute and a licensing agreement with Paxar Americas, Inc. This charge reduced basic and diluted 2006 third quarter earnings by $0.51 per share. For the third quarter a year ago, net income was $28,075,000, or $0.39 per diluted share. Results for 2005 were restated to reflect the adoption of SFAS 123(R), Share-Based Payments.

“Greater traction in delivering high-value solutions to targeted vertical markets and further penetration of international regions delivered a solid result for Zebra’s third quarter,” stated Edward Kaplan, Zebra’s chairman and chief executive officer. “During the quarter, we had increased shipments into government, healthcare, route accounting and retail venues. We enter the fourth quarter with a robust deal pipeline and high backlog. Sales will also benefit from the recently completed Swecoin acquisition, which extended Zebra’s product line and customer base in the high-growth area of kiosk and other unattended printing applications. We remain optimistic about Zebra’s growth prospects, as the company continues to invest in those activities that build value for its stockholders.”

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