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To: shane forbes who wrote (10054)4/21/1998 7:09:00 PM
From: David Miller  Read Replies (2) | Respond to of 10836
 
The comparative numbers don't stack up too well, which is probably why they have been gently downplayed.

Sequential quarters also look a little frail, comparing $46.5m with last quarter's combined revenues of $49.7m. The same proviso applies, but they can't be immensely proud of it.

The impact of the charges mask any useful evaluation of operating costs, the positive factor being the bucket of provisions and accruals they must have after the charges.

Which leaves another question, I suppose. What have the charges been reserved for?

david