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Technology Stocks : Cymer (CYMI)
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To: Rookie who wrote (13523)1/29/1998 11:09:00 PM
From: Yakov Lurye  Read Replies (1) of 25960
 
Accounting question (hate to ask it again...)

When comparing EPS for 3Q and 4Q, I'd noticed that average number of shares used in calculations went from 28M to 30M.

If convertible debentures (issued in August) must be included in calculation of diluted EPS, this increase in the average number of shares does make sense, otherwise I have to conclude that they are issuing options at 2M shares per quarter rate???. I would hate to see this kind of dilution to continue.

I had asked the question about accounting for convertibles in EPS calculations several times, and the answer (presumably confirmed by IR at CYMER) was that they are not included in calculations.

Can anybody explain the increase in the number of shares?

Y.
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