EATON'S IPO (JUNE 2ND) Message Board

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Gold/Mining/Energy : EATON'S IPO (JUNE 2ND)

ETN 383.12

-1.2%

Oct 30 3:59 PM EDT

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To: Serge Collins who wrote (30)	3/17/1999 3:56:00 AM
From: Wizzer	Read Replies (1) of 68

Gross margins during the fourth quarter this year were affected by year-end inventory adjustments of $28-million to reflect additional markdowns necessary to sell excess inventory and higher than estimated shrinkage as determined by the year-end inventory count. They don't really break down what component was shrinkage. It seems like it should be explained more clearly, and is ambiguous as written. I guess they want to take all their write downs in this year, and clean the slate for the coming quarters. Regards, Wisam

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