3D graphics hardware and software provider Evans & Sutherland Computer Corp has reported revised financial results for the quarters ended in June and September 1998 in response to the now infamous new guidance from the Securities and Exchange Commission regarding in-process research and development charges associated with acquisitions. The retroactive changes stem from the Salt Lake City, Utah company’s acquisitions of AccelGraphics Inc and Silicon Reality Inc during the second quarter. Like all the revisions in connection with the SEC’s new rules, the E&S moves have the overall effect of increasing profitability during 1998 while decreasing it in future years. The company has reduced the one-time write-off of in process R&D at the time of the acquisitions by approximately $7.1m, moving that amount into goodwill and deferred income taxes to be amortized over future periods. For fiscal 1998, the change results in a $7.1m increase to second quarter earnings, and a $1.3m decrease to earnings in each of the third and fourth quarters. The overall result is a net increase in earnings of roughly $4.5m for the year. Pre-tax earnings in future periods extending forward as long as seven years will be reduced by $4.1m as a result. E&S will release its fourth quarter and full year results on Wednesday. á