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Technology Stocks : Applied Magnetics Corp -- Ignore unavailable to you. Want to Upgrade?

To: Steve Pick who wrote (11210)	1/13/1998 9:38:00 PM
From: Jonathan Bird	Read Replies (1) \| Respond to of 12298

Jon, Isn't it something that you have to show full dilution when you report a profit but not when you have a loss. Vaguely remember that from the past. No thats not it Steve. The FASB has clarified recently that dual presentation of earning is always required. raw.rutgers.edu Anyway, APM did give fully diluted numbers. Net income (loss) per share: (b) Earnings per common share $ (1.67) $ 1.37 Earnings per common share -- assuming dilution $ (1.67) $ 1.10 It's says "assuming dilution" right there. But its just not recognizing the debs, which are clearly(from the ballance sheet) still outstanding. I can't figure it out. But it doesn't change the fundamentals anyway. Jon Bird