So i guess there's two implications to that 1 - whether the IT spend was expensed or capitalised. If expensed the $3.5m earnings would look even better in the future when those costs roll off the P&L. Secondly cash may be affected but if you look at 1H report, the cash generation was $3m. Likely won't be matched in the second half but current cash could be maintained (unless the spend was massive). Have you got any idea as to what the amount spent was?
TSM Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
