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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Mercer-Hursh who wrote (38464)	1/26/2001 1:43:48 PM
From: Mike Buckley	Read Replies (1) \| Respond to of 54805

Thomas, Or, are you saying that they actually had two separate transactions, one in which they wrote down the value of the investment, which they put below the line, and then one in which they realized profit from sale which they booked as revenue? I guess it depends on what you mean by "below the line." The pro forma statement clearly states that it excludes the Globalstar reserve yet includes proceeds from the sale of securities. --Mike Buckley