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To: Bill F. who wrote (7566)	5/28/2000 7:33:00 AM
From: D. Swiss	Read Replies (1) \| Respond to of 8002

Bill F., what specifically are you referring to "just look at the balance sheet"? What section of the balance sheet do you think they are manipulating? Since I am a CPA I will understand what you are saying. I have attached the Q1 report for you so you can point it out to me. Now lets see, in order to record more revenue, they have to increase an asset or lower a liability right? Cash is cash, correct? A/R is only up $6 million from Q4 on slightly lower revenues ($2.45 B vs. $2.33B), but even if it was all BS, it would even add a a penny / share to the bottom line. Inventory is down by $35 million, so it can't be there. Now if we take a stroll through the current liabilities, they are down from Q4 from $1.8 B to $1.7 B in line with the drop in cost of goods sold of $1.9 B to $1.8 B, respectively. The one area that I need to follow-up on is the increase in other assets of a net $99 million. If we net out the inventory reduction, this would add only a penny to the bottom line (assuming a net margin of 5.8%). If it all went to the bottom line, obviously the impact would be larger. biz.yahoo.com Bill, please tell me if I have missed something, thanks. :o) Drew