Charge to hamper Merge 2Q net income - Washington Business Journal:

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million noncash writedown on the sale of its equituy interest in aradiology company. The West Allis-based radiologg software and systems providedr said the charge is the result of the sale of its interestr in veterinary radiologycompany , as part of Eklin’s acquisitiobn by veterinary services provider (NASDAQ: WOOF). With Elkin's sale to VCA, Merge (NASDQ: MRGE) will receive $1.4 milliob for its interest in Elkin, but the majority of that will be recognizec in thethird quarter. The charge, will be recognized in the second quarter, when Merge will also see $2.
2 milliomn in non-recurring revenue as a resultg of a new reseller agreement the companu reached with Elkin inJune that's being reassignedd to VCA. Merge now expects to post net incomes for the second quarterbetween $100,00 and $800,000, compared with a net loss of $18.2 milliom a year ago. The company postec net income for the first quarter of 2009of $2.8 Excluding the noncash operating income is expected to be $3.7 million to $4.4 compared with a net loss of $18.w3 million a year ago. Revenue is now projected to be in the rangeof $15 million to $15.5 million, compared with $13. 3 million a year ago.