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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Jim Baker who wrote (21984)3/31/2000 1:21:00 PM
From: Joe Copia  Read Replies (1) | Respond to of 25711
 
bot ASAT on killer earnings

$3.42 diluted

eSAT reported net income in 1999 of $73,199,401 and posted a restated net loss of $93,481,185 for 1998. The restatement of 1998 is due to the correct application of APB 25 resulting in a non-cash compensation expense of $90,754,014 with a corresponding reversal of $81,945,112 in 1999. Earnings for 1999 were $3.42 per share (diluted) as compared with a loss of $5.81 per share (diluted) in 1998.


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