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To: kash johal who wrote (21918)12/9/1997 10:14:00 PM
From: FJB  Respond to of 33344
 
Kash,

RE:If they for example valued in-house and disti inventory AT COST then they eliminate this risk.

I thought I heard them say AT COST. I will listen to the tape tomorrow and let you know for sure.

Yes, National's management seems very capable.

Bob



To: kash johal who wrote (21918)12/9/1997 10:40:00 PM
From: FJB  Read Replies (2) | Respond to of 33344
 
Kash,

RE:valued in-house and disti inventory AT COST

I couldn't wait til tomorrow and listened to that part of the call again. They did not say at cost, but said they took an "agressive posture" in valuing in-house and distributory inventory.

FWIW,

Bob


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