Other income (expense) was an expense of $1.7 million in the first quarter of fiscal 2013, compared to income of $0.8 million in the first quarter of fiscal 2012. The $2.5 million change was primarily the result of foreign exchange transaction losses recognized in the first quarter of fiscal 2013, compared to foreign exchange transaction gains in the first quarter of fiscal 2012.

Net income (loss) for the first quarter of fiscal 2013 was a loss of $10.7 million, or $(0.24) per share, compared to net income of $1.1 million, or $0.03 per share, for the same period in fiscal 2012.

Excluding net charges related to depreciation, amortization of intangible assets, share-based compensation and restructuring, the Company reported non-GAAP operating loss of $2.2 million for the first quarter of fiscal 2013, compared to income of $7.9 million for the same period in fiscal 2012.

As of October 31, 2012, the Company had working capital of $105.5 million, which included cash, cash equivalents and marketable securities totaling $58.4 million. The Company concluded the quarter with no outstanding bank debt.

For the first quarter of fiscal 2013, cash flow from operating activities was $8.8 million and additions to property and equipment were $2.1 million, resulting in free cash flow from operations of $6.6 million, an improvement compared to $3.5 million in the same period in 2012.

Outlook

The Company’s outlook takes into account the macroeconomic environment and the challenges that certain of its clients tied to the market for personal computers are experiencing. Based on these factors, the Company expects revenue for the second quarter of fiscal 2013 to be in line with, or modestly higher than, revenue of $178 million reported in the second quarter of fiscal 2012.

In the second quarter of fiscal 2013, the Company expects to report a lower cash position compared to the first quarter of fiscal 2013 due to expenses primarily related to the restatement process and its restructuring actions, and begin to increase its cash position in the second half of the fiscal year.

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