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To: BSGrinder who wrote (146281)	1/25/2002 5:35:11 PM
From: LLCF	Respond to of 436258

LOL, these banks will talk anyone into hedging!!! A billion dollars?? Hardly sounds like one years supply in any case. DAK

To: BSGrinder who wrote (146281)	1/25/2002 5:38:57 PM
From: Les H	Read Replies (1) \| Respond to of 436258

Pay down your credit card debt by going on margin inq.philly.com

To: BSGrinder who wrote (146281)	1/25/2002 6:17:55 PM
From: patron_anejo_por_favor	Respond to of 436258

<<``This is clearly a big goof, and the writedown they're taking is not fair,'' said Rod Lache, an analyst with Deutsche Banc Alex. Brown who rates the company as ``market underperform.'' ``They should not be taking a charge, they should be expensing it'' as the material is used>> I agree, and it's yet another example of how accounting conventions are being egregiously abused. They ARE using the palladium, they just paid too freakin' much for it, therefore it should be expensed as it used, and should appear as a (bigger) loss in the income statement, not a balance sheet writedown. Yet another example of how the accounting termites are chewing away at the edifice of American bidness....