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Technology Stocks : WDC/Sandisk Corporation
WDC 221.57-0.2%Jan 16 3:59 PM EST

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To: NHP who wrote (26973)11/17/2004 4:24:38 PM
From: Pam  Read Replies (1) of 60323
 
Hi NHP,

I believe, the fully diluted earnings are reflected in the eps of 29 cents since the conversion price has been way below market price. So there is no reason to dilute the earnings further to 24 cents. The current share price has already discounted the extra shares. The basic earnings last Q was 33 cents. Please correct me if I am wrong.

-Pam
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