Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: S. maltophilia who wrote (23980)	4/14/1999 5:35:00 PM
From: James S. Martindale	Read Replies (2) \| Respond to of 213177

I think that this is a very unforgiving season for earnings. Check out what happened to ORCL a month ago. They beat earnings by a cent or two, but did not meet whisper number and threw up some statements of caution at the same time. The day of their earnings report, they sat at 37 only to tank to the low 20's last week -- a 40% drop in share price. I would suggest keeping a close eye on the market for the next few days especially if you can not afford much of a loss with AAPL.

To: S. maltophilia who wrote (23980)	4/14/1999 7:24:00 PM
From: jfs	Respond to of 213177

< Somebody check my math, please: AAPL is saying they had 173M diluted shares, and 136M basic. They earned $135M. That works out to 99 cents/basic share and 78 cents diluted. Net income 135 55 287 102 Earnings per common share: Basic 0.99 0.42 2.11 0.78 Diluted 0.84 0.38 1.79 0.71 Shares used in computing earnings per share (in thousands): Basic 136,371 131,969 135,820 130,021 Diluted 173,204 145,915 172,619 142,769 The release says 84 cents. > Khalil, I think the answer is that if you assume the convertibles had been converted - as you do in the 'fully diluted' calculation - you can subtract the interest expense that was in fact incurred. This increases the net income before taxes. regards, john