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Technology Stocks : BORL: Time to BUY! -- Ignore unavailable to you. Want to Upgrade?

To: Neil Booth who wrote (7663)	11/22/1997 10:31:00 PM
From: i-node	Respond to of 10836

Note that this is not the same as saying there would be no earnings per share dilution. Neil, wouldn't "earnings dilution" imply eps? Otherwise, I don't know what the meaning of "dilution" of would be. Formally, "dilution" of earnings per share was defined by the APB as the effect on earnings per share of the increased number of shares assuming all options were exercised, all conversion priveleges were exercised, etc. (APB 11, I think). Of course, that meaning has now been expanded -- but I think the focus on per share earnings vs. absolute earnings is retained. I don't know what Del was thinking, of course, but in the common meaning I would assume he meant eps, not absolute earnings.... David