International FiberCom, Inc. (NASDAQ- IFCI) Message Board

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Technology Stocks : International FiberCom, Inc. (NASDAQ- IFCI)

IFCI 0.0600

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Jun 7 5:00 PM EST

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To: BobS who wrote (2083)	4/4/1999 8:30:00 PM
From: chalu2	Read Replies (1) of 3541

>>am i missing something?<< I replied too soon. Not only are you picky, you are wrong. You did not thoroughly read the 10-K. Apparently, FASB rules for accounting for diluted earnings per share requires adding back in certain costs, such as dividends and interest expense. This makes sense as it "evens things out." The company makes clear (did you miss this?) that the numerator for the calculation is $11,560,680 (as adjusted), while the denominator is 27,175,763 shares, yielding .425404, or .43 cents a share. FASB rules and GAAP can be difficult to understand, but the company's basis for stating its diluted EPS is there for all careful readers to see. I think you may owe this company an apology.

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