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Non-Tech : General Electric (GE)

GE 314.70

+2.5%

3:59 PM EST

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To: Ted The Technician who wrote (1966)	4/16/2002 5:50:45 AM
From: Ted The Technician	Read Replies (1) of 3256

GE didn't provide a fair comparison (contrary to a rebuttal of the NY Times article) of consolidated earnings in the recent quarterly report: biz.yahoo.com The report mentions that per-share amounts before accounting changes (in dollars) diluted earnings per share were $0.35 and $0.30 for Mar 2001 and Mar 2000 respectively. The 0.35 number excludes amortization expenses (per the accounting change), but the 0.30 includes it! Excluding the change, the numbers for Mar 2001 and Mar 2000 should be $0.35 and 0.33! The earnings growth number drops from 17% to only 6%! Watch out for below!

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