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Like the search condition in the WHERE clause, the HAVING clause search condition can produce one of three results: If the search condition is TRUE, the row group is retained, and it contributes a summary row to the query results. If the search condition is FALSE, the row group is discarded, and it does not contribute a summary row to the query results. If the search condition is NULL, the row group is discarded, and it does not contribute a summary row to the query results. The anomalies that can occur with NULL values in the search condition are the same as those for the WHERE clause and have been described in 6.

CD_INVENTORY CD_TITLE: VARCHAR(60) Famous Blue Raincoat Blue Past Light Out of Africa Fundamental Blues on the Bayou Kojiki CD_TYPE_ID: CHAR(4) FROK CPOP NEWA STRK NPOP BLUS NEWA CD_STOCK: INT 19 28 6 8 10 11 10

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An option is in the money when the market price is higher than the exercise price This is good because you can exercise the option and buy the stock for less than you can sell it for in the stock market When earnings per share is calculated, net income is divided by the total number of outstanding shares of stock When stock options are granted, and especially when those options are in the money, the number of new shares used in calculating fully diluted earnings per share is increased to reflect the potential net number of new shares that would be issued if all options were exercised This reduces or dilutes the earnings-per-share number This is the a statistical formula developed in 1973 by Fischer Black and Myron Scholes to estimate the market value of a publicly traded stock option.

CD_TYPES CD_TYPE_ID: CHAR(4) FROK CPOP NEWA CTRY STRK BLUS JAZZ CD_TYPE_NAME: CHAR(20) Folk Rock Classic Pop New Age Country Soundtrack Blues Jazz

Figure 13-1

The HAVING clause is almost always used in conjunction with the GROUP BY clause, but the syntax of the SELECT statement does not require it. If a HAVING clause appears without a GROUP BY clause, SQL considers the entire set of detailed query results to be a single group. In other words, the column functions in the HAVING clause are applied to one and only one group to determine whether the group is included or excluded from the query results, and that group consists of all the rows. The use of a HAVING clause without a corresponding GROUP BY clause is seldom seen in practice.

Suppose you need to query the data in the CD_INVENTORY and CD_TYPES tables shown in Figure 13-1. You want your query results to return the CD names and number in stock for all New Age CDs. To view this information, you can create a SELECT statement that joins the two tables, as shown in the following example:

SELECT FROM WHERE AND CD_TITLE, CD_STOCK CD_INVENTORY i, CD_TYPES t i.CD_TYPE_ID = t.CD_TYPE_ID CD_TYPE_NAME = 'New Age';

Summary

Of course, every time you want to view this information, you would have to recreate the SELECT statement. However, another option is to store the SELECT statement within the schema. That way, all you need to do is call that statement whenever you want to view the New Age CDs. One way to store the SELECT statement is within a view definition:

CREATE VIEW NEW_AGE AS SELECT CD_TITLE, CD_STOCK FROM CD_INVENTORY i, CD_TYPES t WHERE i.CD_TYPE_ID = t.CD_TYPE_ID AND CD_TYPE_NAME = 'New Age';

This model and variations of this model are used every day to determine prices for options traded on the public exchanges The value of a stock or option if it were traded on the open market The percentage of the company s stock that is devoted to options The calculation is the number of options granted and outstanding, plus the number of shares reserved for future grants divided by the number of shares outstanding These are shares of stock granted to an employee While they are officially owned by the employee (who gets dividends and can vote the shares), they have restrictions on them The restrictions make it so the share of stock may not be sold or transferred (given) to anyone else Usually the restricted shares vest over time When the restricted shares vest, the restrictions lapse and the shares can then be sold if the employee wishes.

Once the view is created, you can use a SELECT statement to call the view, as shown in the following statement:

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