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Technology Stocks : Creative Labs (CREAF) -- Ignore unavailable to you. Want to Upgrade?

To: Curbstone who wrote (8847)	1/24/1998 4:40:00 AM
From: Jon Tara	Respond to of 13925

Aloha, you will not see that Reuters story in the WSJ. And, hopefully, IBD has better judgement. Dow Jones News Wire had a straight-ahead, presentation of the figures, with the new perscribed basic and diluted earnings one above the other, and a footnote immediately below the table saying: a. Includes charge of $60,300,000 for acquired in-process technology. Without the charge, net income would have been $75.0 million, or 79 cents a diluted share. Presumably, they will write an equally fair and unbiased news story, as they almost always do. I wish the rule had been to require reporting diluted earnings only, as this is the only thing that matters. The new rule is better than before, where you never really knew what you were seeing without digging, at least now it is clear IF the reporters actually report everything that the company reports. However, there are going to be those not as diligent as DJ that are now going to pick one and people are going to still compare apples with oranges. In CREAF's case, though, fortunately there is very little difference (a penny) between basic and dilluted.