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To: Jim Furley who wrote (207)3/6/1998 12:46:00 PM
From: TXSB  Respond to of 3873
 
Jim,
Forgoing the IPO saves millions in fees to bankers, bean counters and attorneys. Listing it gets them where they need to be: liquid stock to offer options in recruiting employees and a great source from which to raise more capital. IPO no longer seems relevant.