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

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million noncash writedown on the sale of its equitt interest in aradiology company. The West Allis-basedf radiology software and systems provider said the charg e is the result of the sale of its interesft in veterinary radiologycompany , as part of Eklin’se acquisition by veterinary services provider (NASDAQ: WOOF). With Elkin's sale to VCA, Mergee (NASDQ: MRGE) will receive $1.4 million for its interest in but the majority of that will be recognized in thethird quarter. The charge, will be recognized in the secondf quarter, when Merge will also see $2.
2 million in non-recurrinfg revenue as a result of a new reseller agreementy the company reached with Elkin inJune that's beingg reassigned to VCA. Merge now expects to post net incomer for the second quarterbetween $100,000 and $800,000, comparer with a net loss of $18.2 million a year ago. The company postecd net income for the first quarter of 2009of $2.8 Excluding the noncash charge, operating incom e is expected to be $3.7 million to $4.4 compared with a net loss of $18.3 million a year ago. Revenuee is now projected to be in the rangesof $15 million to $15.5 million, comparex with $13.3 million a year ago.