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To: Road Walker who wrote (171413)10/2/2002 5:01:40 PM
From: Eric K.  Read Replies (1) | Respond to of 186894
 
Re: read somewhere that last quarter they had a substantial tax benefit

Hmm... The loss was ($303M) before a ($121M) "benefit for income taxes." I'm not how one-time that category is. If it's just giving yourself credit against future tax liabilities versus a refund of old taxes or withheld earnings based on assumption of having to pay taxes, I'm not sure why it's not repeatable, but maybe the accountants can enlighten us. I think the most important number from the perspective of liquidity will be the cash flow and the change in book value, but I guess we won't get that for a while.

-Eric