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Bitmap Image  |  1996-10-31  |  206KB  |  615x332  |  4-bit (11 colors)
Labels: bulletin board | reckoner | sky
OCR: As of March 31 1996 the Company has available federal net operating loss carry forwards of approxi- mately 000 000 The Company also has unused research credit carry forwards approximately $1. 600 000 and $600, 000 for federal and California purposes respectively If not utilized net oper- ating loss carryforwards and the credit carryforwards will expire in fiscal vears 2004 through 2011 Approximately $3 300 000 of the valuation allowance for deferred tax assets is attributable to emplovee stock plans, the benefit from which will be allocated to paid-in capital rather than current earnings when subsequently recognized. The Company abilit to utilize the loss carryforwards and the research credit carryforwards are subject to certain limitations pursuant to the ownership change rules of Interna ...