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

To: VALUESPEC who wrote (528)	5/7/1998 1:43:00 PM
From: Frank	Read Replies (1) \| Respond to of 3627

VALUESPEC, Thank you for writing this up, I'd like to provide a brief side by side summary of the transcript, and an article from the Motley fool dated 4/17/98. From Transcript: the easiest way to look at it is to assume that approximately $180 million pre-tax, which is about .12 per share, should be eliminated, reducing pre-tax income and EPS by those amounts from the pre-April 15 sell-side models for 1998 and the out years. From Motley Fool: That will knock off $0.11 to $0.13 per share in net earnings before charges from last year's results. That's meaningful, but not an outright implosion of the business model. Details of this report at: fnews.yahoo.com I feel this, if interpreted correctly, helps to lay the foundation for why CD is a good by at current prices. Does anybody have any comment on the software side, particularly, "Starcraft?" I went to Media Play yesterday to see what it looked like, and they had big point of purchase displays, an exciting premise, and it seems to be selling like hotcakes. The reason I'm asking is that I will be putting together an EPS model and I need more material information. Any substantive comments are appreciated.