Hi Scott, Did not project 37 cents this Q. The only EPS post I can recall is the following (me thinks 37 cents is a bit too high, though 35 or 36 cents will annualize out nicely - do not know the impact of reporting diluted shares however):
To: Andrew Wallace (184 )
From: coopie
Thursday, Oct 30 1997 2:50PM EST
Reply # of 253
EQNX INFO. - from the 9/30/97 10-Q: Number of shares outstanding as of Oct. 28,
1997 was 3,285,920. This compares to the average of 3,684,000 used to calculate
the reported 30 cents EPS. This means if EQNX only earns the same amount next Q.
their EPS will jump to a little over 33 cents per share, even if they do not buy any more
shares back. However, I think they will earn more than last Q. and they will continue
with their previously announced share buy-back program (remember that beautiful
balance sheet with no debt & lots of cash). Could the external events which have
caused EQNX to pull-back here be a gift for Jeremy - ie., you ready to buy this stock
yet? The more I see, the more I like. Just MHO - Good Luck. |
