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To: Knighty Tin who wrote (160617)	4/17/2002 4:52:20 PM
From: Michael Bakunin	Respond to of 436258

Hey, this time around they explicitly noted details of all the stuff they stick in SG&A: "SG&A results also include the absorption of higher expenses for workforce-balancing initiatives and provision for bad debt expense, and the elimination of the amortization of goodwill. In addition, the company benefited from a favorable year-to-year impact of writedowns of equity investments, the sale of personal computer desktop manufacturing operations to Sanmina-SCI, higher intellectual property income and lower interest expense." Oh, also, on the call they're just now saying that characterizing IP income as nonoperating income is "absurd!" (You could hear the punctuation). Yow! This is more fun than a bag full of hammers! -mb