<..your condescending attitude..>
I guess it's easier to attack my clarifications of your strident and argumentative misstatements as condescending, than to put the effort into knowing what you are posting about. You refuse to see that you are far quicker to post than you are to research or think.
<..time and time again one time gains have been used for EPS...>
OK, let's go over this again, s_l_o_w_l_y (since you are obviously resistant to "getting it")
In publicly traded companies that adhere to FASB/GAAP, one time gains and charges are broken out of the EPS. These one-time occurences are NOT considered when comparing the EPS to the street's estimate.
There is some legitimate leeway in "managing" one's numbers, such as taking certain end of quarter sales numbers into the following quarter. And for large, complex companies (such as Coke, GE and MSFT) there are also some gray areas (such as capitalization vs. expensing, and offsetting asset sales with restructuring charges) which are more amenable to being "managed". But if the accounting is suspicious, the companies run the risk of SEC penalties/sanctions, their reputation and analyst and stockholder ire.
To even attempt to hide a gain like the Amati payment to WSTL, (assuming it would even be possible to do so, which it OBVIOUSLY would NOT) would have the SEC at their door and stockholders out their door in a NY minute.
<..look at MU, which i consider the king of such techniques. it takes hours upon hours to break out the actual operating numbers..>
I don't know what you are talking about (and continue to doubt that you do):
"...For the second quarter of fiscal 1997, the Company's operations, *exclusive of non-recurring gains*, realized $0.18 per fully diluted share on net sales of $876 million...."
from micron.com
<..and i think WSTL will do this as well..>
Just plain *couldn't* happen, Trey. Get it?
Good luck-
Steve
PS. Don't misinterpret my "earned" disrespect of you as condescension. As you well know, I initially gave you my respect - until you began to establish, through your errant, yet always adamant postings (in SPITE of clarifications to you), your inability to warrant it.
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