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million noncash writedown on the sale of its equit y interest in a radiology TheWest Allis-based radiology software and systemz provider said the charge is the result of the sale of its interesgt in veterinary radiology company , as part of Eklin’s acquisition by veterinaryt services provider (NASDAQ: WOOF). With Elkin's sale to VCA, Mergd (NASDQ: MRGE) will receive $1.4 milliob for its interest in Elkin, but the majorityg of that will be recognized in thethird quarter. The charge, however, will be recognized in the second quarter, when Mergd will also see $2.
2 million in non-recurringh revenue as a result of a new reseller agreementf the company reached with Elkin inJune that's being reassigned to VCA. Merge now expectes to post net income for the second quarte rbetween $100,000 and $800,000, comparefd with a net loss of $18.2 millio a year ago. The company posted net incom for the first quarter of 2009of $2.8 Excluding the noncash charge, operating income is expectes to be $3.7 milliojn to $4.4 million, compared with a net loss of $18.33 million a year ago. Revenue is now projected to be in the rang eof $15 million to $15.5 million, compared with $13.e3 million a year ago.
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