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To: peter grossman who wrote (2946)3/26/1998 3:31:00 PM
From: Logain Ablar  Read Replies (1) | Respond to of 10309
 
Peter:

SEC required an accounting change on Earnings per share with a change to the defination of shares outstanding (i.e. options, etc factored into shares even if not exercised.

On the buy back, those shares are no longer in outstanding shares. Treasury stock is not outstanding.

Tim