11.   First, much of the problem would go away if people paid attention to diluted earnings per share rather than basic earnings per share.

12.   First Call thought analysts based their IBM earnings estimates on diluted earnings.

13.   Fully diluted earnings include the options, warrants and convertible debt that could cut earnings for each share of common stock.

14.   Most high-technology companies were required to report diluted earnings per share before the new ruling went into effect.

15.   Moad said the drop came because First Call, a Wall Street news service, reported basic per share earnings rather than diluted earnings.

16.   Rio told analysts that the statement it issued today was stated in diluted earnings.

17.   Some of these stocks were also hurt after companies issued bonus stock to shareholders, a move that will diluted earnings.