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To: Scrapps who wrote (3472)	4/30/1998 12:27:00 PM
From: Jay Lowe	Read Replies (1) \| Respond to of 9236

CALHJ has asked me to post the following, which is rather over my head, but here goes ... "see Notice of Annual G.M. page 14; more than 2 million shrs subject to stk option WITHIN 60 DAYS OF 3/30/98. Bender has 775.358. There has been selling pressure since the recent high. This may explain a lot. " "I miscounted. 1,501,978 shares subject to options exercisable within 60 days of March 30, 1998 of which James Bender has 775,358 shrs. I believe some investor(s) have been selling into the recent rally and after. The volume on Wed was low all day and at the end of the day someone dumped some more: I assume they would have dumped more earlier had the trading volume been able to support the trade. Until the reasons for Bender exit are known it is a "red flag".

To: Scrapps who wrote (3472)	4/30/1998 12:48:00 PM
From: Drake	Read Replies (1) \| Respond to of 9236

Completed Transactions of Planned Sales: 2/20/98 Bender, James C, Sold 80,000 shares 2/25/98 Tzannes, Michael A, Sold 30,000 shares 2/28/98 Reiter, Edmund C, Sold 12,117 shares 3/17/98 Fishman, Jerald, Sold 27,500 shares Planned Sales: 2/20/98 Bender, James C, 160,000 shares 2/25/98 Tzannes, Michael A, 58,431 shares 2/27/98 Roiter, Edmond c, 12,117 shares 3/17/98 Fishman, Jerald G, 48,500 shares 4/9/98 Naegele, Richard J, 105,000 shares My question remains the same. Why, if indeed the company is being sold for a higher price? By the way, I'm "long" and want to know answer(s) to the above question.