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To: David Lawrence who wrote (1152)	2/24/1998 6:02:00 PM
From: robert miller	Read Replies (1) \| Respond to of 4467

David, I wonder if the CCSC merger with TLAB will set a pattern for future activity. By merging a spin-off with a large big cap company they now have a great deal liquidity. Don Caldwell said, Don Caldwell: ÿWhat really is important here is that the portfolio has gone up dramatically- will go up dramatically because of the Coherent sale. And, you know, the Coherent sale may or may not have any impact on our earnings, but with now what looks like between $800 and $900 million worth of unrealized gains in our portfolio, earnings can be whatever we want them to be, right? bob