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Technology Stocks : The New QLogic (ANCR)
QLGC 16.070.0%Aug 24 5:00 PM EST

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To: ronald rollins who wrote (13783)1/23/1998 12:16:00 AM
From: Kerry Lee  Read Replies (1) of 29386
 
Ron, regarding your friend's model, I received some updated "ballpark" numbers today on the number of current "fully diluted" common shares outstanding for ANCR which includes unconverted Reg D, options and warrants. All companies began to report EPS on a fully diluted basis starting this earnings season when the new FASB disclosure rules kicked in. The rough number for ANCR is 14.4 million shares fully diluted ( subject to final audit ).

PS - the Reg D conversion now stands at approx 49% converted.
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