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To: Moonray who wrote (13857)	7/24/1998 1:04:00 AM
From: Grand Poobah	Read Replies (2) \| Respond to of 25814

o~~~ O, Thanks for the BB URL. I would tend to agree that we are at or near the bottom now in the industry. I think, though, that the bottom may last at least a couple quarters before we see an upturn. However, the point I was trying to make about the BB ratio was that a ratio of less than 1, means, by definition, to the extent that BB reflects truth in the industry, that expected near-term future revenues are less than recently recorded revenues. G.P.