InvestorsHub Logo
icon url

facsnotfiction

01/20/04 6:01 PM

#23856 RE: jjayxxxx #23853

jjayxxxx
The reason that the diluted eps is the same is because AMD doesn't have to count all those shares until profits excede a higher amount in terms of EPS. Somone pointed this out on the board last week. So .12 should be the number used, or maybe .09 if you factor out the favorable charge.
icon url

Jules2

01/20/04 6:26 PM

#23862 RE: jjayxxxx #23853

Posted by: jjayxxxx
In reply to: jjayxxxx who wrote msg# 23372 Date:1/20/2004 5:41:26 PM
Post #of 23860


EPS Contest - AMD Preliminary Results are up

http://epscontest.home.comcast.net/03q4eps/index.htm

Some Points to Consider:
1) using the diluted shares, I get $0.10 EPS, not $0.12 like their press release says.

2) the results reported by AMD "include a favorable impact of $14 million, or $0.03 per share, due to an adjustment to previously recorded restructuring charges". Since this was not guided and is significant (as defined on the rules page), we will exlude it from our contest results, just as we did with Intel. So the EPS for the contest is ($43193-$14000)/416190 = $0.07.

3) I have gone ahead and posted things, but have not yet done a thorough review for errors, so keep in mind that this is still preliminary until tomorrow's closing price.



JJ

An anylist asked the question you pose after you posted same.
Dont ask me to explain, the anylist did the math wrong. If you read the transcript it should explain it.
The cc is still going on as i post.

Jules

icon url

jjayxxxx

01/20/04 7:00 PM

#23867 RE: jjayxxxx #23853

EPS Contest - REVISED AMD Preliminary Results

(I'll try not to make all these revisions a habit ;-)

http://epscontest.home.comcast.net/03q4eps/index.htm

EPS revised to add $5.2M back in for interest on bonds, based on the conference call and several posts, including this one:
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=19713038

So, the EPS for the contest is ($43,193-$14,000+$5,200)/416,190 = $0.0826

Final results based on tomorrow's closing price.

Assuming I checked enough scenarios:

- Buckwheat wins at $17.65 and lower

- kpf wins if the price closes at $17.66 or higher.

JJ