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Technology Stocks : International FiberCom, Inc. (NASDAQ- IFCI) -- Ignore unavailable to you. Want to Upgrade?

To: BobS who wrote (2083)	4/4/1999 8:01:00 PM
From: FastC6	Read Replies (1) \| Respond to of 3541

<<Back to my original question about the EPS...am I missing something?>> No you are not missing anything. You are witnessing the results of one of the best pump and dump schemes in the industy....smoke and mirrors only work for so long. Look for a continued slide. . .

To: BobS who wrote (2083)	4/4/1999 8:04:00 PM
From: chalu2	Respond to of 3541

Perhaps they're working on some "average" of shares outstanding. Perhaps someone just input wrong. I don't think the penny difference is that important. Not every company computes 4Q numbers. You can get this, however, by subtracting the first 9 mos. of numbers from the full year numbers. I can't believe you don't know this, and that you haven't done this already if you would "really like" these numbers as much you say. >>Back to my original question about the EPS...am I missing something?<< Yes, if you are really that worked up over a penny, you are missing a sense of proportionality.

To: BobS who wrote (2083)	4/4/1999 8:30:00 PM
From: chalu2	Read Replies (1) \| Respond to of 3541

>>am i missing something?<< I replied too soon. Not only are you picky, you are wrong. You did not thoroughly read the 10-K. Apparently, FASB rules for accounting for diluted earnings per share requires adding back in certain costs, such as dividends and interest expense. This makes sense as it "evens things out." The company makes clear (did you miss this?) that the numerator for the calculation is $11,560,680 (as adjusted), while the denominator is 27,175,763 shares, yielding .425404, or .43 cents a share. FASB rules and GAAP can be difficult to understand, but the company's basis for stating its diluted EPS is there for all careful readers to see. I think you may owe this company an apology.