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Politics : Ask Michael Burke
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To: Timothy Liu who wrote (43065)1/12/1999 5:38:00 PM
From: Knighty Tin  Read Replies (3) of 132070
 
Tim, Not much chicanery in this one. The year is down 13%, the margin is falling, they made their down year eps by cutting capital expenditures to the bone, and they continue to burn cash at a mighty rate. I expected big rises in receivables and inventories, but that didn't happen. Basically, they had two good months in 1998, October and November. Now, le deluge.

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