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Technology Stocks : Network Appliance
NTAP 115.66-2.9%3:59 PM EST

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To: Winston Chen who wrote (984)5/18/1999 7:12:00 PM
From: Beltropolis Boy   of 10934
 
>I think it might have something to do with the secondary share
offerings they did a few weeks ago. Otherwise they would have
beaten the .13 estimate.


i think you're on to something, winston.

as i previously posted, warmenhoven said they "would have earned 14 cents a share if currency valuations hadn't hurt profits from overseas sales."

perhaps it would've been closer to $0.15. if you use the diluted shares outstanding at the end of the third quarter [78,932M], vice the number this quarter [81,014M], and divide that into the net income [$10,746M], then you indeed get $0.14.

well, close enough for amateur analyst work: $0.136.

-chris.
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