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Non-Tech : Cendant Corporation (NYSE:CD)

CD 5.510

0.0%

Dec 18 3:59 PM EST

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To: Todd D. Wiener who wrote (159)	4/16/1998 9:06:00 AM
From: Terry D	Read Replies (1) of 3627

Todd - If it is only an accounting problem with revenue recognition for first time members why is part of the charge cash? Unless I have it wrong - we are talking about failure to amortize costs/revenues in a consistent schedule. The multiple is very much in question - the acquisitions are in trouble - accretive or not. Forget ABI - it is going to cost twice as many shares - AND I CANT GET A QUOTE! Goddamnit. There, now I feel better. td

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