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Technology Stocks : Thermo Electron (TMO)

TMO 567.84

+0.4%

Nov 5 3:59 PM EST

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To: RavBruce who wrote (272)	6/14/1998 9:20:00 AM
From: Wallace Rivers	Read Replies (2) of 450

Yesterday, I calculated the approximate values of the majority interests TMO has in its subsidiaries. The ones I calculated were: Thermedics, Th. Instrument, Th. Terratech, Th. Power, Th. Cardiosystems, ThermoTrex, Th. Fibertek, Th. Ecotek. Came up with approximate TMO value of $28.35/sh. in these interests plus current assets less debt and current liabilities. What other subsidiaries am I missing in this very basic analysis, as well as anything else?

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