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To: - with a K who wrote (37328)	4/15/2004 7:52:35 AM
From: straight life	Read Replies (1) of 118717

As per two of your posts on AUO; in Message 19852609 posted on Feb. 26, I notice you have Graham Fair Value at $49.42, while in the post I'm responding to, written a month later, you have the Graham figure pegged at $67.48. I'm not familiar with that term; where did you get it? How do you derive it? Did some information come out in the interim that caused that dramatic re-evaluation? I notice your "next year's expected earnings" also jumped from $1.56 to $2.13... would that account for it? Who makes these expected earnings estimates? Thank you in advance for whatever information you can provide. And congratulations on a stellar pick!

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