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Non-Tech : RIDE Snowboards (RIDE) -- Ignore unavailable to you. Want to Upgrade?

To: Greed Is Good who wrote (35)	12/12/1997 10:53:00 AM
From: joshi	Read Replies (1) \| Respond to of 91

Hi guys, I too tooka bath on this one. I "WAS" in at 10.25 and 9.75. Took the "RIDE" to 2.75 and then bailed. They didnt use debt to purchase the Waterboard co because they are OUT OF CASHHHHH. That is the main reason i sold. Hall pawns off the hat maker that he owned himself to ride because it was loosing money hand over fist and now ride has it. (more drain). This company suks and yes! Lesson well learned. P.S. They WILL go under or sell out! They have to. Just my opinion!

To: Greed Is Good who wrote (35)	12/27/1997 10:08:00 PM
From: Eric Kennedy	Read Replies (1) \| Respond to of 91

The fact that RIDE used stock for the deal does not _necessarily_ mean that the company does not value it stock much. Microsoft almost always uses its stock for acquisitions... In a stock trade like that for the wakeboard company--a "pooling of interests"--RIDE will restate its previous results such that it looks like the wakeboard company was always a part of RIDE. That can help, but a more important reason to do a "pooling of interests" merger is that it avoids the depreciation on "goodwill"--the amount paid for a company in excess of its assets--which can be a real slug on a balance sheet. On a different note, do you think the El Nino will affect snowboarding? Has the glut of inventory finally ended? I feel you pain, Eric Kennedy