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Technology Stocks : BORL: Time to BUY!
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To: MENSO who wrote (6648)10/21/1997 6:15:00 PM
From: i-node  Read Replies (1) of 10836
 
In other words, EPS resulting from operations was really only $0.02 and not $0.03 per share, right ?

Actually, the accretion is, in essence, a required dividend, which does not technically figure in to earnings. On the other hand, many people think of dividends on preferred stock as being pretty much like interest on long-term debt, which WOULD be an expense.

Leo, while I had hoped for better earnings, I really don't see how you can find much negative in it. I believe the markets will see it as a positive development.

David
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