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To: GVTucker who wrote (93647)	12/9/1999 1:18:00 PM
From: Saturn V	Read Replies (1) \| Respond to of 186894

Ref- "Although an acquisition does indeed affect cash flow, Chuzzlewit was looking at operating cash flow, which is not impacted by an acquisition" That is not my understanding of what he is saying. beta.siliconinvestor.com beta.siliconinvestor.com beta.siliconinvestor.com "Free cash flow is synonymous with disposable cash flow. It is the amount of cash a company can periodically part with without adversely affecting operations. In general, free cash flow is a good surrogate for dividends, which is the basis for valuations"