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Technology Stocks : Applied Magnetics Corp
APM 1.560+15.6%Nov 18 3:59 PM EST

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To: Dave Chanoux who wrote (11030)12/17/1997 3:25:00 AM
From: Jonathan Bird  Read Replies (1) of 12298
 
Loss per share should be based on the 23 million outstanding shares (approximatley) rather than the 31 million fully diluted shares.

Dave,
I know that First Call always gives its estimates on a fully diluted basis. And i know when APM reports earnings they always give the fully diluted results as a factor of 31 mil shares. So am I misunderstanding something or are Todd's figures correct?

Jon Bird
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