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To: steve goldman who wrote (8678)2/2/1998 6:30:00 PM
From: John Cuthbertson  Respond to of 11057
 
"Did anyone note the analyst who realized that no tax benefit came as a result of the charge."

Steve,
I didn't listen to the call yet, but since (as it's been pointed out on the thread) the charges were "really" ordinary expenses, the amount of the resulting loss can be written off against future profits just like any ordinary net loss.

==John