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Technology Stocks : Apple Inc.

AAPL 271.01

-0.3%

Jan 2 9:30 AM EST

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To: Bruce Spath who wrote (15659)	7/16/1998 1:31:00 AM
From: Eric Yang	Read Replies (1) of 213177

Bruce I check the calculation and it is correct. It's just hard to tell things apart since Apple mixed the one time charge/gains together with the regular operating profit calculations. The 101 million includes 26 million of one time gain. (17 mil ARM IPO+16 mil write up)+ (- 7 mil Macromedia) = 26 mil Net = 101 - 26 = 75 million So the net gain was about 75 million. 171.8 million shares is taking the 22.6 million share equivalent of convertible notes into account. 149 diluted shares + 22.6 = 171 mil shares. To calculate diluted earnings based on the 171 million share, take 75 mil and add 10.7 mil interest paid to notes. Then divide it by 171 million (75+ 10.7)/171 = 85.7/171 = 0.50 from operation only. (101 + 10.7 interest for convertible notes) / 171 = 0.65 total Eric

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