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To: ratan lal who wrote (22823)	10/24/1997 3:31:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

ratan, it is much more subtle. cnbc was talking about a profit before the charges. they were wrong. go to the income statement. Three Months Nine Months Ended Ended Sept. 30, Sept. 30, ---------------------- --------------------- 1997 1996 1997 1996 ---------- ---------- --------------------- Net sales $1,504,851 $1,202,933 $4,316,845 $3,482,398 Cost of goods sold 1,309,601 979,555 3,595,444 2,840,518 ---------- ---------- ---------- --------- Gross profit 195,250 223,378 721,401 641,880 Selling, general and administrative expenses 219,258 135,621 570,680 412,820 Nonrecurring expenses 113,842 0 113,842 0 ---------- ---------- ---------- --------- Operating income (loss) (137,850) 87,757 36,879 229,060 notice that the operating loss is $138 mil. notice the charges were $114 mil. the difference is a loss from ongoing operations of $24 million or about $0.16 per shares. cnbc reported this loss as a small profit. gtw did everything they could to hide this operating loss b/c they are scared about their horrible results and how the market would take them. in addition, they said about 1 month ago that they would earn a profit. i expect a lawsuit for fraud to be filed for this garbage. class action. gtw is toast. gtw makes mu management look good.