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To: CalculatedRisk who wrote (14655)	3/17/1998 10:22:00 AM
From: Stanley L Brown	Read Replies (1) \| Respond to of 18263

Bill, Well they shaved a few costs (like high paid salaries) so I guesstimate $3.2 mil Happy Trading Stan

To: CalculatedRisk who wrote (14655)	3/17/1998 10:37:00 AM
From: NYBellBoy	Respond to of 18263

Bill -- Ok, I'll say a loss of $3,450,000. :) BellBoy

To: CalculatedRisk who wrote (14655)	3/17/1998 10:48:00 AM
From: SOROS	Read Replies (2) \| Respond to of 18263

Dear Bill, Let's go with 3 point 666 million.

To: CalculatedRisk who wrote (14655)	3/17/1998 11:30:00 AM
From: John Howell	Respond to of 18263

4.15 million

To: CalculatedRisk who wrote (14655)	3/17/1998 12:03:00 PM
From: Greg M.	Respond to of 18263

-$2,750,000 <eom>

To: CalculatedRisk who wrote (14655)	3/17/1998 1:05:00 PM
From: J.S.	Respond to of 18263

4.2 Million (at least). This desperate act must have cost something! Joe

To: CalculatedRisk who wrote (14655)	3/17/1998 3:34:00 PM
From: Michael	Read Replies (2) \| Respond to of 18263

Loss of $4.28 million Your Friend, Michael

To: CalculatedRisk who wrote (14655)	3/17/1998 8:41:00 PM
From: Dave Mansfield	Respond to of 18263

Calculatedrisk: Last quarter's loss was $4,496,000 right? I'll guess ($4,200,000) Dave

To: CalculatedRisk who wrote (14655)	3/17/1998 10:41:00 PM
From: HighGain	Read Replies (2) \| Respond to of 18263

Quarterly loss prediction: 2.8 Million Logic as follows: last quarter's loss of $4.5 million reduced by the one time charge of $.3 million for layoffs leaves $4.2 million operating deficit. The layoffs save 16% of salaries. Total cash burn last quarter was the $8 mil in revenue plus the $4.2 million deficit totaling $12.2 mil. Salaries estimated at 75% of this is $9.15 mil. 16% of the $9.15 mil salaries, or $1.46 mil, will be saved due to the layoffs. So with everything else constant, the loss would be reduced by $1.46 mil making it around $2.5 million. However, I'll speculate they will announce some new cost cutting measures and take some new charges of around $.3 million bringing the total loss to $2.8 million.