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To: phbolton who wrote (9742)4/10/1998 1:57:00 PM
From: Bill Harmond  Read Replies (2) | Respond to of 27307
 
>>I think that most of the $17 mil you refer to is due to the rise in bond prices and other investments and not operations.

No. Less than $2 million or so was investment income.

Look closely at what's happening here. There are some pretty spectacular things going on with the balance sheet. Deferred income doubled to $10 million. It's a little Microsoft.