Diluted earnings per share will also be reported, including the effect of outstanding options.

Their approach play is very quick, obviously culminating in their outstanding attacking options.

At Priceline.com, an estimated 28 percent of outstanding options are under water.

"There are some outstanding options, like the Montessori and Pearls programs," he said.

At 27th March 1993 there were options outstanding in respect of 6,759,860 ordinary shares under the Company's share option schemes.

Royal Gold repriced all its outstanding options, but reduced their number by 21 percent.

The diluted figure takes into account any shares that are likely to be issued as a result of outstanding options, warrants and convertible securities.

The company said share earnings for all periods assume the exercise of all outstanding options and warrants.

Last July, Cisco's employees held some 439 million outstanding options.

The money used to be in stock options, but now more than half the outstanding options at Microsoft are underwater.