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Non-Tech : Cendant Corporation (NYSE:CD) -- Ignore unavailable to you. Want to Upgrade?

To: Jyoti sharma who wrote (522)	5/7/1998 9:55:00 AM
From: Frank	Read Replies (1) \| Respond to of 3627

Jyoti, A mkt correction is dependent on interest rates, concensus is that on FOMC meeting on May 19 Fed will not raise rate, housing starts/sales are in seasonal decline, and mkt appears no longer to be in a state of speculative euphoria. This being said, CD has certain seasonal factors moving in their favor which should be reflected in next qtr earnings, summer travel season should be a boon to Super 8, rent-a-car, and member services, extant near term low interest rates should support real estate sales efforts. All in all, independent of Audit findings the coming qtr should be as good or better than estimates. On the Audit, does anybody on this thread have contacts directly at the unit in question? I'm looking to see if they have made substantive policy changes and to determine if the scope of the review is still within current limits.