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

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million noncash writedown on the sale of its equitu interest in aradiology company. The West Allis-basesd radiology software and systems provider said the charge is the resulr of the sale of its interest in veterinaryy radiologycompany , as part of Eklin’s acquisition by veterinart services provider (NASDAQ: WOOF). With Elkin's sale to VCA, Mergw (NASDQ: MRGE) will receive $1.4 million for its interest in Elkin, but the majority of that will be recognize in thethird quarter. The however, will be recognized in the second quarter, when Merge will also see $2.
2 million in non-recurring revenue as a result of a new resellert agreement the company reached with Elkib inJune that's being reassigned to VCA. Merge now expects to post net incomed for the second quarterbetween $100,000 and compared with a net loss of $18.22 million a year ago. The company posted net incomre for the first quarter of 2009of $2.8 Excluding the noncash charge, operating income is expected to be $3.7 millio n to $4.4 million, compared with a net loss of $18.32 million a year ago. Revenue is now projectede to be in the rangedof $15 million to $15.5 million, compared with $13.34 million a year ago.