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To: del clark who wrote (397)	3/16/1998 6:05:00 PM
From: del clark	Respond to of 531

Earnings are out. .21 1997 compared to (.21) for 1996.

To: del clark who wrote (397)	3/17/1998 1:56:00 PM
From: Bob Jagow	Read Replies (2) \| Respond to of 531

Del, You wanted them to "break even or better in the 4th quarter" but they showed an after-tax loss of 2 cents. See any positives in the 10-K? Bob (Noticed that they mention a probably cause for the delayed filing--the [non-existant] options that Steve S. may contest.) ------------ The Company formerly reported Steven Smith options to purchase 100,000 shares at $1.375 and ... 60,000 shares at $3.50 per share. [But they were never approved so] ... the described options technically do not exist.