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To: eric lerner who wrote (579)1/2/1999 5:50:00 AM
From: Mariah Smyth  Read Replies (3) | Respond to of 1038
 
Hello

ECHO Earnings - Next Announcement ???

Does anyone know when their next earnings report is due, last report i read was in November, I believe Nov 24th.

Any info would be much appreciated -

Thanks....



To: eric lerner who wrote (579)1/3/1999 12:57:00 AM
From: PAL  Read Replies (1) | Respond to of 1038
 
Echo is asking shareholeder's approval to increase the number of authorized shares from 26M to 36M. These shares are not automatically increased, but they want the flexibility of using them as currency to buy companies, and probably for stock options. Earnings dilution will not happen until the shares are issued. The mere increase in authorized shares does not affect earnings per shares calculation. I believe there are 16.6M shares outstanding.

Generally a company asks to increase the number of authorized shares is to allow for stock split. This is just not the case with ECHO.