eTrade 1999 Annual Report Download - page 63

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assumed all outstanding ShareData options, which were converted to options to purchase approximately 744,000 shares of the
Company's common stock. The acquisition was accounted for as a pooling-of-interests and, accordingly, the financial data of the
Company was restated in fiscal 1998 to include the historical operations of ShareData. Prior to the acquisition, ShareData reported on
a calendar year end. Fiscal 1998 and 1997 included the results of ShareData for the year ended September 30, 1998 and 1997,
respectively. Fiscal 1996 included the results of ShareData for the year ended December 31, 1996. The results of operations for the
quarter ended December 31, 1996 (revenues of $4,637,000 and net income of $746,000), included in both fiscal 1997 and 1996, is
reflected as an adjustment to retained earnings in fiscal 1997. No adjustments were required to conform accounting policies of the
entities. There were no significant intercompany transactions requiring elimination for any periods presented.
ClearStation
On April 30, 1999, the Company acquired ClearStation, Inc. ("ClearStation"), a financial media Web site that integrates technical and
fundamental analysis and discussion for investors. The Company issued 939,000 shares of common stock in exchange for all
outstanding common stock of ClearStation. The Company also assumed all outstanding ClearStation options, which were converted to
options to purchase approximately 112,000 shares of the Company's common stock. The acquisition was accounted for as a
pooling-of-interests, and accordingly, all prior financial data of the Company has been restated to include the historical operations of
ClearStation from October 1997 (the date of ClearStation's inception). The Company previously filed an amended Annual Report on
Form 10-K/A on August 16, 1999 to reflect the effects of this acquisition. No adjustments were required to conform accounting
policies of the entities. There were no significant intercompany transactions requiring elimination for any periods presented.
TIR (Holdings) Limited
On August 31, 1999, the Company acquired TIR (Holdings) Limited ("TIR"), an international financial services company offering
global multi-currency securities execution and settlement services, and a leader in providing independent research to institutional
investors. The Company issued 4,488,000 shares of common stock in exchange for all outstanding common stock of TIR. The
Company also assumed all outstanding TIR options, which were converted to options to purchase approximately 190,000 shares of the
Company's common stock. The acquisition was accounted for as a pooling-of-interests and, accordingly, all prior financial data of the
Company has been restated to include the historical operations of TIR. No adjustments were required to conform accounting policies
of the entities. There were no significant intercompany transactions requiring elimination for any periods presented.
64
The operating results of the separate Companies through their acquisitions in fiscal 1999 are as follows (in thousands):
2002. EDGAR Online, Inc.