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To: William L. Vu who wrote (4592)1/21/1998 9:41:00 PM
From: Stitch  Read Replies (1) | Respond to of 7841
 
V,

<<However in the report it did say that they can not take all of the charge in this quarter. Some charge will be included in next quarter. My question is why they put the charge in next quarter when this quarter they did not use up all of the $250M preannounced?>>
I believe what they mean is that std rules of accounting prevent them from taking the charges in this quarter. I wish they had given more guidance on what and how much it is. But I will guess it is in regard to layoffs and not likely to be a currency hedging loss which is now behind them.

best,
Stitch



To: William L. Vu who wrote (4592)1/21/1998 9:43:00 PM
From: Z Analyzer  Read Replies (1) | Respond to of 7841
 
<<My question is why they put the charge in next quarter when this quarter they did not
use up all of the $250M preannounced? Does this
has to do with the severence pay related to the lay-off that can not be included in this
quarter ? Any guess is wellcome.>>
They said in the call that there are restrictions on there ability to take write-offs for unannounced plant closings.


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