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To: stockbug who wrote (2951)4/15/1998 11:42:00 PM
From: John K. Culley  Respond to of 5058
 
Stockbug:

Conference Call clearly stated that the $1.29 loss was operational, with one exception being a $3.2MM charge for staff reductions. Management was upbeat about 3rd Qtr., estimating sequential revenue growth of 10-20%. Another positive factor was an increase in inventory turns, 14.4/yr in 2nd Qtr., verses 11.6/yr in 1st Qtr.

Regards,

Jack