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To: Lizzie Tudor who wrote (39173)	1/22/2008 11:56:51 AM
From: Bill Harmond	Respond to of 57684

Yes

To: Lizzie Tudor who wrote (39173)	1/22/2008 12:45:12 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 57684

16-Jan-08 16:06 ET In Play Lululemon Athletica at ICR Xchange Conference- reaffirms Y07 guidance given after Q3 report (33.45 +1.43) : Notes tax rate coming down in 2007' was very high and distorted earnings; expect tax rate in the low 30s... notes they have no s-t debt and a strong cash position... positive cash flow in 2007 and going forward... see sales in $255-260 mln, First Call consensus is $261 mln; comps in the high 20s; $0.40-0.42 EPS, First Call consensus is $0.43.