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Technology Stocks : TLAB info?

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To: Chuzzlewit who wrote (2409)	4/20/1998 1:31:00 PM
From: bananawind	Read Replies (1) of 7342

re: Operating expenses expenses increased by 38.7%, fueled largely by a 46.1% increase in Marketing and G&A expenditures. This is the only potentially negative item that I saw, and it may not be negative, depending on exactly how the cash was expended. Management addressed this issue in the CC. MG&A is up mainly because of costs associated with customer support and service for all the newly installed Titan and Mardis systems. These are revenue generating services and contributed to the increase in gross margin, so the increase is actually a positive. They did say that it might be more appropriate, now that they have grown in significance, to report these expenses above the operating line (where the associated revenues are reported). The currency translation affects (mostly vis finmark) were larger than expected and they now look for full year impacts in the $18 million range. All in all a very upbeat CC (if you could ever call TLAB mgmt upbeat). I got the impression that we will be hearing about quite a few new products over the next 9 months. -JLF

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