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To: Edward F. Horst Jr. who wrote (430)4/17/1998 4:31:00 PM
From: Doug  Respond to of 1614
 
Edward: Many thx for those details. Time will unravel the mystery.



To: Edward F. Horst Jr. who wrote (430)4/17/1998 4:46:00 PM
From: Trader Dave  Respond to of 1614
 
I suspect that the Company management was genuinely surprised by the shortfall and they might recast their expectations for 1998 based on the disappointment. I'm hopeful that it won't be much worse than the already reduced expectations, but the company may set the hurdle lower to provide more margin for error.

I also think their brevity was driven by the advice of the BPU's and that they would have liked to have been more forthcoming.

BPU = Business Prevention Unit

BPU = Lawyer