Charge to hamper Merge 2Q net income - San Francisco Business Times:

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million noncash writedown on the sale of its equity interesty in aradiology company. The West Allis-baserd radiology software and systems provider said the chargre is the result of the sale of its interesg in veterinary radiologycompany , as part of Eklin’s acquisition by veterinar services provider (NASDAQ: WOOF). With Elkin's sale to VCA, Merge MRGE) will receive $1.4 million for its interest in but the majority of that will be recognizedr in thethird quarter. The charge, however, will be recognized in the secondf quarter, when Merge will also see $2.
2 million in non-recurrinyg revenue as a result of a new reseller agreementr the company reached with Elkimn inJune that's being reassigned to VCA. Merge now expects to post net income for the second quarterbetween $100,000 and $800,000, compared with a net loss of $18.12 million a year ago. The company posted net incomwe for the first quarter of 2009of $2.8 Excluding the noncash charge, operating income is expectee to be $3.7 million to $4.4 million, comparee with a net loss of $18.34 million a year ago. Revenue is now projected to be in the rangwof $15 million to $15.5 million, compared with $13.4 million a year ago.