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Gold/Mining/Energy : BCE Blue chip growth stock -- Ignore unavailable to you. Want to Upgrade?

To: jack bittner who wrote (136)	2/1/2000 7:30:00 PM
From: Greg Reinhart	Read Replies (1) \| Respond to of 275

from bce's Year Ender*** Reported net earnings for the year were $8.35 per common share ($5.4 billion) compared with $7.07 per common share ($4.5 billion) for 1998. Reported earnings for 1999 and 1998 included gains net of one time charges of $3.4 billion for 1999 mostly related to the reduction of BCE's ownership in Bell Canada and of $2.9 billion in 1998 mainly attributable to the dilution gain on the reduction of BCE's ownership in Nortel Networks. BCE reported baseline of 3.01US. $8.35 - 3.4 billion (one time gain)/ 640 million share outstanding = ~$3US On Jan 26 PE= ~$100US/~$3US = ~33 It looks like First Call used ytd 3rd quarter baseline earnings of $2US, while Reuters used ytd 3rd quarter net earning of $5.56, to determine their respective published PE's.