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To: Rocket Scientist who wrote (8236)11/8/1999 12:36:00 PM
From: John Stichnoth  Read Replies (1) | Respond to of 29987
 
RS--I did not hear the May presentation, but can we clarify what they were talking about in terms of "meet operating expenses"? I would usually assume that this would be before interest or depreciation. Any analysis should include interest coverage, imo. Interest costs would seem to require an additional 300K subscribers (300K x 0.47 x 150mou).

Do you agree?

Best,
JS