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


To: chalu2 who wrote (2117)4/5/1999 7:47:00 PM
From: Quad Sevens  Respond to of 3541
 
Sure, sorry about my tone.

I don't understand your problem with the EPS. They earned 31 cents for 9 months, they earned 43 cents for the year. Subtract and you get 12 cents (neglecting possible rounding errors).

At the CC (which was abysmal), an analyst asked for clarification: "So you basically earned 12 cents in Q4"? The answer from the IFCI guys was "basically, yeah ..." or something like that. It's still there on VCall, so this can be checked.

The report was so bad, and the answers at the CC about Q4 so vague, it sounded as if they weren't quite ready for these numbers to be released. Weird ...

PS: Zacks, and therefore Yahoo, are often wrong.



To: chalu2 who wrote (2117)4/5/1999 7:49:00 PM
From: Shane M  Read Replies (1) | Respond to of 3541
 
I don't know that the 4Q number is $0.12, that's why I didn't follow up your $0.19 EPS comment. In the CC they were coy concerning 4Q, although they did say that fourth Q number was "basically" $0.12. I got the strong impression that the 4Q number was still open to alot interpretation depending on how the previous quarters were restated. I still haven't seen anything concerning the quarterly restatement.

I think everyone has reason to be confused, and perhaps even the company, given all of the acquisitions should've just said "all the acquisitions make determining a 4Q number difficult. We're not sure how the 4Q number will fall out. We're OK with the annual number." As a shareholder I would've preferred that response. The way they said it left me thinking they potentially were trying to hide something. I've given them the benefit of the doubt on this though.

Shane