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To: Glenn D. Rudolph who wrote (3488)	4/27/1998 10:19:00 PM
From: Oeconomicus	Respond to of 164684

We know nothing about the companies they acquired. Not only that, we don't even know what they paid. All we know is that it was $45 mil worth of stock plus some undisclosed amount of cash and that they plan on writing off $55 mil of the total - wiping out their net worth almost three times. How much of their new debt issue will they have left after these acquisitions? Will the $385,000 of net interest expense this Q become $6-7 million next Q? BTW, does anyone realize that, come 2003, they will have something approaching half a billion dollars of debt on their books? Bob