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To: Chuzzlewit who wrote (24730)12/11/1997 1:12:00 AM
From: Ian Davidson  Respond to of 176387
 
Hi Paul...yes, you're pretty well right on. It says that all but a tiny amount of this years 13% earnings growth can be attributed to the combined effect of it's massive share-buyback program and a lower tax rate. It really questions the quality of their earnings. Very close to your assessment.

Ian