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Technology Stocks : THQ,Inc. (THQI)

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To: Bleeker who wrote (7392)	8/1/1998 3:15:00 PM
From: Andrew C.R. Biddle	Read Replies (1) of 14266

Bleeker- Last year in early December, ATVI issued convertible subordinated notes to raise 60 million. They convert to 3.178 million shares at a price of $18.875 by the year 2005 and pay an interest rate of 6.75%. The price of the stock at the time of this was $16. + 0r - (just looking at the chart). Since they (ATVI) issued these notes the price of their shares have never hit the price of $18.875 (note holders would have been smart to short the stock). In ATVI's recent PR about their Q1 earnings of negative 19 cents per share; it was based on " shares outstanding " not diluted shares. biz.yahoo.com Here is a quote from their June 15th 10k about how they do this: >>RECENTLY ISSUED ACCOUNTING STANDARDS Statement of Financial Accounting Standards ("SFAS") No. 128, "Earnings per Share," is effective for financial statements issued for periods ended after December 15, 1997. SFAS No. 128 replaces Accounting Principles Board Opinion ("APB") No. 15 and simplifies the computation of earnings per share ("EPS") by replacing the presentation of primary EPS with a presentation of basic EPS. Basic EPS includes no dilution and is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution from securities that could share in the earnings of the Company, similar to fully diluted EPS under APB No. 15. The Statement requires dual presentation of basic and diluted EPS by entities with complex capital structures. The Company adopted SFAS No. 128 for the financial statements for the fiscal year ended March 31, 1998 and has presented Basic EPS and Diluted EPS for all periods presented. << In their 10 k they show both. sec.yahoo.com Andrew

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