SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : International FiberCom, Inc. (NASDAQ- IFCI)
IFCI 0.06000.0%Jun 7 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Charly who wrote (2774)7/12/1999 1:11:00 AM
From: Chris Helton  Read Replies (2) of 3541
 
Thanks for the calculation Charly but semantics is playing a role here.
If IFCI earns $.08/sh in 2qtr 99, then NET EARNINGS (or equivalently, NET INCOME) would go up by 26%. Since the share count has risen from 23.6mil (2qtr 98) to 30 mil shares (2qtr 99) or 27%, the net earnings per share goes down ever so slightly. Net earnings and net eps are two different animals. The irony here is that both parties are right. We, shareholders, do care about eps because that is the measure that reflects our ownership interest in the company. We also care about NET INCOME, how large it is and is it growing. Consistent dilution of eps while growing Net Income is possible and not a good thing for share price. I don't think IFCI is doing this consistently, and I think this qtr is more likely to show some growth in eps (maybe $.10-.11/sh) It won't be a barnburner due to the contract negotiations with ATT. We should get a pretty good order pattern however, and a very strong second half. There is no sign that business is slowing, rather the opposite is true. Cable companies and Telcos are falling all over themselves trying to build right now. I think this is the more important feature for IFCI.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News