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To: limtex who wrote (27294)1/27/2005 4:05:29 PM
From: Art Bechhoefer  Respond to of 60323
 
L--It's possible that SNDK has only an estimate of margins, but I think that if they thought margins would be considerable lower (i.e. lower by 25 percent, as suggested by Bear Stearns), they would have issued a warning to the public and to shareholders. Anyhow, we'll know more later this afternoon.

Art