First Quarter 2003
Reported Revenue Up .9%
- Constant Currency Revenue (3.6)%
- Organic Revenue (5.4)%
Operating Expenses Up 9.0%
- Constant Currency Expenses Up 3.8%
- Higher Severance, Fees Increased Expenses by 2.6 ppts
- Analysis follows
Net Loss Per Share: $(.02)
- Impact of Higher Fees, Charges: $(.05)
- Impact of Brands Hatch Motor Sports: $(.04)