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Non-Tech : Cendant Corporation (NYSE:CD)

CD 8.620

-10.4%

Dec 1 3:59 PM EST

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To: VALUESPEC who wrote (1284)	7/28/1998 10:59:00 AM
From: Roy F	Read Replies (1) of 3627

Also, of note, from the PR: Company also now expects the restatement will reverse significantly more 1997 one-time merger charges than the $200 million amount ($0.22 per share) estimated on July 14. This reversal of one-time merger charges will not benefit 1997 net income before one-time and extraordinary items. It will, however, have the effect of further reducing the impact of the restatement on 1997 net income and on Cendant's shareholders' equity. Roy

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