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.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (33892)	4/15/1999 7:41:00 PM
From: IceShark	Respond to of 86076

only a penny for these guys? Oh, it gets better than that. Someone like Fleck, Earlie or Gretchen should do a write up on this. Did you note that they mentioned they were reporting EPS on a pre-split basis? The payable date for SUNW stock split is March 18, 1999, so total fully diluted shares at their Q3 ended 3-28-99, went from 411,745m to 823,490m. The old First call estimate was 70 cents, which if you divide by 2 = 35 cents. Now take net income (excluding those forever recurring charges) of 291,359m / 823,490m shares = 35.38 cents which would round to 35 cents - right on the estimate button. BUT if you do it pre-split, 291,359m / 411,745m = 70.76 cents, which you can round to 71 cents and beat the old estimate by a penny! Neat, Huh?