Dell made those options transactions to help in its repurchase of shares to offset the dilutive effect of the shares it issues to executives and employees when they exercise stock options.

Some uncertainty thus hangs over the shares, with investors concerned over the potential dilutive effect of the proposed rights issue.

And two, what is the dilutive effect of options in the money?

But they have increased in popularity and, under accounting rules, the dilutive effect of these bonds on an issuer's share count need not be included in company filings until the contingency price is met.

The earnings per share reflect a dilutive effect from an increase of about 30 million shares outstanding.

One class of AmBev share rose sharply, while another lost ground amid fears of the dilutive effect of issuing new stock.

In this age of spreadsheet analysis, few Wall Street analysts or portfolio managers fail to recognize the dilutive effect of stock options.

A French Powerhouse Alcatel Alsthom said the transaction would have no dilutive effect on its earnings per share, which were 48.95 francs, or $8.80, in 1990.

In January, when Mr. Siebel turned in 26 million options he had received since 1998, it seemed as if he had gotten religion on the dilutive effect of option grants.

A Smaller Bite Mr. Artzt, P.& G.'s chairman, said yesterday that the company had studied buying all of Revlon but worried about the dilutive effect on earnings.