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To: Johnny Canuck who wrote (32717)	6/10/2001 3:56:06 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68461

PARL: "Russell Greenberg, Executive Vice President & CFO, noted, "While investing in the growth of our business, our balance sheet became even stronger. Long-term debt stands at a very modest $1.3 million. Cash provided by operating activities aggregated $4.5 million for the first quarter and cash and cash equivalents rose to $30.2 million. We believe that our stock price does not reflect our track record, our future prospects, the value of our licenses and our worldwide distribution network. Nor does it fully factor in our 78% ownership in Inter Parfums, SA, our publicly traded Paris subsidiary, which has a market cap of $200 million, putting a $155 million value on our interest." siliconinvestor.com Chart: askresearch.com P/E Chart: wsrn.com P/S Chart: wsrn.com Share outstanding: wsrn.com This is interesting, the shares outstanding have actually been decreasing the last few year. Management must be buying them back. LVMH might eye bigger Inter Parfums stake-Business Week NEW YORK, June 7 (Reuters) - Luxury goods conglomerate LVMH Moet Hennessy Louis Vuitton could raise its stake in burgeoning fragrance-maker Inter Parfums (NasdaqNM:IPAR <http://finance.yahoo.com/q?s=ipar&d=t> - news </n/i/ipar.html>) and a buyout remains a possibility, sources quoted in a Business Week article published on Thursday said. LVMH currently holds a 20 percent stake in Inter Parfums, the article said, but Inter Parfums' upward earnings momentum could prompt LVMH to raise its stake to 25 percent ahead of a possible bid for a majority stake. LVMH usually buys companies in which it takes a big stake, the article said. It cited a corporate insider who believed Inter Parfums' Chief Executive Jean Madar is not looking to sell the company, although ``a 25-a-share offer might be too tempting.'' Inter Parfums and LVMH were not immediately available for comment. New York-based Inter Parfums, which makes and distributes scents including Paul Smith, Burberry, and Christian Lacroix, reported a 40 percent increase in net sales in its 2001 first quarter to $31 million from $22.2 million, while earnings rose to 16 cents per share from 11 cents. The company also raised its full-year 2001 sales estimates in early May for the second time, to $116 million from $115 million biz.yahoo.com