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Technology Stocks : 3DFX
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To: Paul A who wrote (3673)6/2/1998 9:59:00 PM
From: Joe C.  Read Replies (1) of 16960
 
Paul A, Actually that article explains how DLJ had given .40 as EPS for first quarter. I never asked the question but at the time I couldn't figure out where that number came from given reported EPS of .50. Article says that it reflects adjustment of higher tax rate going forward (no tax loss carry forwards). Makes sense but makes EPS announcements difficult to compare. Next question is why not adjust for higher outstanding shares 17.5MM (adding secondary) not 15MM fully diluted as used for first quarter. This would bring first quarter down to .35/share. This is a common problem with small stocks that are growing at such a fast rate. You really need to look at the numbers closely. Tomorrow should be interesting. Joe C.
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