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

To: Jeff Jordan who wrote (31890)	1/23/1998 4:36:00 PM
From: username	Respond to of 61433

Jeff, are you saying I got it right to the 6th decimal? Really?? Seriously?? Man, I knew I was psychic, but I didn't know I was THAT good!! Seriously??? Where is Tim when I need him? :o) pete

To: Jeff Jordan who wrote (31890)	1/23/1998 4:39:00 PM
From: Greg h2o	Read Replies (1) \| Respond to of 61433

RE:<The way I understand it...the new diluted earnings do subtract for stock options and such... so you were right! .25333 eps> Not really totally correct. Don't you think when options are actually exercised that outstanding shares are diluted? The piper has to be paid at some point. Either the options have to be counted or carried as a liability. It is my understanding (I may need to revisit it) that in years after 1997, ALL options will have to be shown in EPS computations. There's no such thing as a free lunch. greg