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To: GVTucker who wrote (174217)8/13/2004 10:37:38 AM
From: rkral  Respond to of 176387
 
GVTucker, we both apparently equated Shares Issued with Shares Outstanding ... which is not valid for companies using the Treasury Stock Method.

After subtracting treasury stock for the Apr '04 quarter, the shares outstanding numbers are ...

Begin (2,721 - 165) MM = 2,556 MM
End (2,726 - 199) MM = 2,527 MM
Weighted average 2,539 MM

That puts the 'weighted average' between the 'begin' and 'end' numbers .. which is the usual case. Unfortunately, the PR did not give the relevant numbers for this latest quarter. We'll have to wait for the 10-Q.

Ron