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To: wonk who wrote (2280)	8/27/1998 11:38:00 PM
From: jhild	Read Replies (2) \| Respond to of 26163

Jeeesch WW, they're going to be crawling out of the woodwork again on that. I suppose that these older statements just aren't relevant in an R&D company becoming a manufacturing company. Unfortunately they can't use the excuse that it was prior management. Sylver and Qualey signed that one. Suppose the SEC is getting interested in this one?

To: wonk who wrote (2280)	8/28/1998
From: s martin	Read Replies (1) \| Respond to of 26163

>> Perhaps, one could get safe harbor on the revenue projections but no way on earnings. Possibly one could explain away the earnings projection claiming they meant gross margin, its more of stretch if they meant EBITDA, laughable if they meant operating profits, but pure misrepresentation by saying earnings. Assuming they procured raw materials for free, produced for free, had no other lease costs or operating expenses, no debt service, in fact no other costs at all, federal income taxes would still put them below their projection. Why is it that the phrase, ...adequacy and accuracy of publicly disseminated information... comes to mind. ww << Good question.... someone should ask the judge who signed it. BTW, Tonto will be gone for a few days.....