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Technology Stocks : Novellus
NVLS 2.400+2.1%Jul 24 5:00 PM EST

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To: brushwud who wrote (1989)3/5/1999 8:57:00 PM
From: Dave Chanoux  Read Replies (1) of 3813
 
Is this the new math?

Even if the proceeds are banked and earn $10 million, they are allocated to eps over all 35 million shares or about $.35 per share. You can't route the earnings to specific shares.

H & Q signed up the buyers when the price was above the offering price. Once signed up, you're signed up and you own the shares, just as if you placed an order with your broker and it was filled. Period.

This was a very cheap financing deal. The company got a lot of money. Remember that the financing statement was filed many months ago.

Regards,

Dave Chanoux
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