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Strategies & Market Trends : Z Best Place to Talk Stocks
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To: Ron McKinnon who wrote (49579)10/24/2003 11:58:31 PM
From: BWAC  Read Replies (1) of 53068
 
Listening to the CREE call myself now.

Minute 21 to 24. the $529,000 was discussed by the management. Management brought it up in their review of the numbers.

Also they discussed that the crazy brother lawsuit cost them $1.9 Million in legal fees. This wasn't backed out in some sort of Proforma accounting. It was included within the 12 cent number.

Income tax provision rate went from 26% to 31% resulting in
$800,000 more expense accrued. Reason??? Expect increased profits = higher tax rate.
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