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To: Charles Tutt who wrote (29837)4/1/2000 7:20:00 PM
From: Thomas Mercer-Hursh  Read Replies (1) | Respond to of 64865
 
I think it will be interesting to see what level of reserves, if any, MSFT's auditors require.

If any may just be the option given the rate of MSFT's cash flow. To be sure, paying out lots of that cash flow to settle suits might trash their bottom line, and thus the stock, but the volume and size of the judgements would have to be quite sizable before MSFT would have trouble making the payments.



To: Charles Tutt who wrote (29837)4/2/2000 8:05:00 AM
From: JDN  Read Replies (1) | Respond to of 64865
 
Dear Charles: NOW, I am going to SHOCK you. IF MSFT's top legal talent opines to the auditors that it is UNABLE to estimate ANY cost including a minimal one the auditors will require disclosure (may even amend the auditors report dependent upon the seriousness of it all) but require NO reserves. Hows that!! JDN