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To: John Hanzl who wrote (7898)3/24/1998 2:54:00 PM
From: skreiger  Respond to of 27968
 
John,

Several posts, most recently mine (#7878) have addressed this issue. No one is hiding anything. No one has intentionally broken any promises. The fact is, the company is growing rapidly and while the acquisitions/merger do not contribute to the 1997 bottom line, generally accepted accounting procedures (GAAP) require the inclusion of information which 1) occurred after the end of the accounting period but prior to the release of the financial reports and 2) materially changes the financial position of the company being audited. Myriad and the pending merger clearly qualify for these adjustments.

The numbers have been broken down in press releases by the company, so there really are no secrets. It's just a matter of time (pending completion of the merger) until all filings will be available.

Regards,

Scott