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Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (5376)	10/29/1999 12:24:00 PM
From: Bob Kim	Read Replies (2) \| Respond to of 10027

Jake and Donny, I said "was" in trouble and that was in reference to Q3. I would say that there are only two scenarios for what happened in Q3 and neither is flattering for NITE's managment. 1) KP still thought in mid-Sept that they could make $0.35 by making up for the first 2 1/2 months in the last two weeks. Not a very reassuring business model. 2) KP just didn't know the true extent of NITE's problems at the time. Not a great display of communications within the company, but it gives KP the benefit of the doubt.