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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Tech97 who wrote (26779)12/7/1997 1:44:00 AM
From: hpeace  Read Replies (1) | Respond to of 61433
 
tech, yes I understand the puts and calls.
they had to switch to buying calls in their buy back program bec.
selling naked puts was just pocketing the cash and they never got put the stk bec. of the runups in dell<gg>
So, the ??? billion(call profit)would be reported as part of the 1.4b??? Or whatever profit was in the calls at qtr end.

Understanding what they do is easy....but, where it was in
the balance sheet....


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