IDTI - an IC Play on Growth Markets Message Board

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Technology Stocks : IDTI - an IC Play on Growth Markets

IDTI 48.99

0.0%

Mar 29 5:00 PM EST

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To: brushwud who wrote (4258)	10/16/1997 11:32:00 PM
From: Mason Barge	of 11555

>> In the third case, IDT issued convertible debt -- I believe in Fall '95. >> The value of the embedded option stripped-out from the debt instrument >> must be included in the diluted shares outstanding. >No, this is incorrect. They don't have to assume any dilution yet. I would like to ask you guys to please post a quick summary of what's going on. You are correct in that, under generally accepted accounting practice, convertible debt is not counted in shares outstanding for EPS until the common stock reaches the strike price. If this it $28, we are a long way away. But I would like to know, and I bet a lot of others would too, what's going on with the number of shares, without having to do the research. I'll pay you back. 8^)

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