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To: Richard Jurek who wrote (989)1/5/1998 11:03:00 AM
From: Robert Floyd  Respond to of 1648
 
I believe he stated clearly: "While we haven't returned to
profitability, we have implemented difficult and dramatic reductions across
our entire cost structure...." This is not past tense, but is stated in the present.

Yes they have reduced cost, but they have cut their profit margin to stay competitive and increase market share. The book value of GVIL is very low, and no matter how of this is in cash, they can't afford to loose much more.



To: Richard Jurek who wrote (989)1/6/1998 9:26:00 PM
From: David Lawrence  Read Replies (1) | Respond to of 1648
 
Richard, you are correct about the quiet period, but the chance that they returned to profitability in the last quarter is practically nil.

It was an excellent response, nonetheless.


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