Maya, I used $.034 per share, same as last Q. Interest income is the net of interest expense and interest received. C-Cube is still paying interest on $23M of converts. That's about $.008 per share.
Interest income could be a little higher this Q, but what will hurt EPS is the share count. Q1 closing price was $19.8125. Accourding to the 10K, there are 1.9M options outstanding that are exercisable at $19.94. Since the March closing price was below $19.94, they weren't included in the share count for Q1. They will be included this Q, with a closing share price of $31.6875. There are another 400K above $20. C-cube will need to count some of them too.
That's about a 5% increase in share count. If the shares were counted last Q, earnings would have been $.016 less per share.
Here's the gory details. I hope the table works........
><CAPTION>
OPTIONS OUTSTANDING OPTIONS EXERCISABLE
------------------------------------------- ----------------------------
WEIGHTED
AVERAGE
REMAINING WEIGHTED WEIGHTED
RANGE OF NUMBER CONTRACTUAL AVERAGE NUMBER AVERAGE
EXERCISE PRICES OUTSTANDING LIFE (YEARS) EXERCISE PRICE EXERCISABLE EXERCISE PRICE
- --------------- ----------- ------------ -------------- ----------- --------------
<S> <C> <C> <C> <C> <C>
$ 0.14 - $ 1.50 314,225 3.98 $ 0.54 314,225 $ 0.54
2.87 - 14.75 2,221,839 6.90 9.69 1,612,265 8.17
14.81 - 19.50 4,819,212 9.12 17.93 701,221 17.70
19.56 - 19.94 5,012,486 7.73 19.93 1,935,004 19.94
20.06 - 63.00 1,850,531 8.76 27.68 419,932 32.33
- --------------- ---------- ---- ------ --------- ------
$ 0.14 - $63.00 14,218,293 8.12 $18.23 4,982,647 $15.64
=============== ========== ==== ====== ========= ======
</TABLE> |
