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Non-Tech : Littlefield Corporation (LTFD) -- Ignore unavailable to you. Want to Upgrade?

To: T.K. Allen who wrote (6372)	1/15/1998 10:23:00 AM
From: Robert L. Akers	Read Replies (1) \| Respond to of 10368

In a conversation last month, Robert Kecseg told me he thought Darlington had between $900,000 and $1 million in pretax earnings last year. You number crunchers can factor that into your earnings estimates. If you can figure out what comes out of the wash after accounting for the tax loss carry-forward, you're more dogged than me. It would be even harder to figure from this what Darlington would bring to future revenues because of the difficulty of determining the impact of merging corporate overhead, among other things. It's pretty clear to me that Darlington will be accretive to EPS for 1997, and both Kecseg and Mike Fearnow confirmed this to me. The range, by my reckoning, could be anywhere from .01 to .05. I would guess somewhere in the middle. Not earth shattering. Darlington looks like an expensive acquisition, if you just look at the numbers. But there's also the intangible value of having the Harrisons on the management team, which may be considerable. Kecseg thought there was a lockup of perhaps 3 years on their shares, which would bear witness to their commitment to the company, as well as to enhancing share value. Larry