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To: Goutam who wrote (254)7/8/2000 10:30:29 AM
From: Joe NYCRead Replies (1) | Respond to of 275872
 
Goutama,

Well... you forgot one more thing - depreciation which decreases earnings, but is a positive cash flow.

I think there are still continuing cash outlays as Dresden is being equipped.

Joe



To: Goutam who wrote (254)7/10/2000 3:24:47 AM
From: PetzRespond to of 275872
 
Goutama, re:<you forgot one more thing - depreciation which decreases earnings, but is a positive cash flow>

Actually depreciation minus capital expenditure gets added to cash flow. At the last CC, they said that cap expenditure would exceed depreciation for the next year.

OTOH, 100M is WAY too low for Q2 profits. It would be 200M if they just met Q1's number, almost guarateed in blood by Jerry.

Petz


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