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Non-Tech : Golden State (GSB) formerly Glendale Savings -- Ignore unavailable to you. Want to Upgrade?

To: idefer who wrote (31)	6/6/1998 10:30:00 AM
From: Paul Lee	Respond to of 75

Can't disagree with your evaluation, but there are never any guarantees about court.

To: idefer who wrote (31)	6/7/1998 9:23:00 AM
From: Chuck. Edwards	Read Replies (2) \| Respond to of 75

idefer, you left out a factor -- the value of the award is reduced by the company's corporate tax rate (currently 42 percent). Calculate as follows: $1 billion/85 million = $11.76 11.76 x 85 percent of the award = $10 $10 x .58 (the reciprocal of 42 percent) = $5.80 I still think that the warrants are a good deal, but not to the extent set forth in your original example. I posted on this subject at much greater length on the Yahoo finance message boards. regards chuck edwards