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Technology Stocks : OnSale Inc. -- Ignore unavailable to you. Want to Upgrade?

To: StaggerLee who wrote (1045)	4/22/1998 3:30:00 AM
From: StaggerLee	Read Replies (2) \| Respond to of 4903

Folks, that $1.6 million should NOT be excluded from their earnings, any more than Wal Mart excludes their annual shrinkage from their cost of sales. ONSL buys junk and apparently doesn't track it well in its warehouse, and then the junk walks, or gets lost, or shipped to the wrong place...or returns get garbled...or any of a million other things. This $1.6 million is a true economic loss and it will never be recovered. It's SHAMEFUL that ONSL is trying to disguise a bad quarter by segregating an inventory adjustment like this!!! ONSL lost ($.24), $.08 below estimates.