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To: drakes353 who wrote (913)3/7/1998 1:54:00 AM
From: drakes353  Read Replies (1) | Respond to of 2506
 
A coupla more thoughts on EA....

Between the S-3/A on 1/9/98 and the S-3 on 1/26/98 I'm coming up with a total of 2.8 million convert related shares. There's another 1.0 million for the Service Assembly deal that were getting registered too. Between the two filings it's 3.8 million shares.

Since the beginning of the year total volume for EA has been 4.6 million shares. Subtract 3.8 from 4.6 you get 800k for non-convert, non-Service Assembly related trading. Divide 800k by 44 trading days in the year so far and that would work out to "non- non-" daily volume of 18,200. That's not high enough. EA was doing around 80k a day in the 4th quarter of '97. Assume Service Assembly has not yet sold any shares and you're still in the 45k/day volume range. Still not enough. There is more selling to be done, IMHO.

If there ain't, there ain't and then I'll start looking forward to the Gross selling that should kick in after the Special Meeting of Shareholders on 3/31/98.

drakes353