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To: Mark Fowler who wrote (4429)5/17/1998 7:50:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
Wouldn't this be itemized under general and admin. expenses.

The general and administrative expenses are the salaries for the management. That is stated specifically in the 10Q.

Glenn

From the 10Q


General and Administrative

Quarter Ended March 31,
-----------------------
1998 1997 % Change
------- ------- --------
(in thousands)
General and administrative............. $ 1,963 $ 1,142 72%

Percentage of net sales................ 2.2% 7.1%

General and administrative expenses consist of payroll and related expenses for
executive, accounting and administrative personnel, recruiting, professional
fees and other general corporate expenses. The increase in general and
administrative expenses was primarily due to increased salaries and related
expenses associated with the hiring of additional personnel. Such expenses
decreased as a percentage of net sales due to the significant increase in net
sales. The Company expects general and administrative expenses to increase in
absolute dollars as the Company expands its staff and incurs additional costs
related to the growth of its business.

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