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Gold/Mining/Energy : Jetform-FORM -- Ignore unavailable to you. Want to Upgrade?

To: Sexual Chocolate who wrote (247)	3/17/1998 10:10:00 PM
From: David Robinson	Read Replies (1) \| Respond to of 530

I am not an expert in US Generally Accepted Accounting Principles, but in reading the MD+A section of the annual report there is a reference to imputed interest of $4,000,000 on the Delrina obligation being expensed in the last fiscal year. Although the payments may be "all principal", Earnings are affected by the imputed charge recorded in the financial statements. Thus the Amendment to the Symantec agreement will result in higher earnings. At least, that's my understanding. And of course the company also reduces the total payments to Symantec, too. Looks like a good deal to me. See also the explanation in the Press release: there's a link at post #234. David