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To: H James Morris who wrote (15907)9/3/1998 8:55:00 AM
From: Glenn D. Rudolph  Respond to of 164684
 
For a company that cannot return black ink to its shareholders until 2003. What is the
point where it looks attractive?


James,

We moved the time frame to going black to 2003 just during the last six months. Prior to that, we were at the year 2000. It took six months to move out three years. At this rate, projected earnings to be black by the end of next summer, would be the year 2009. Of course then the cash for the interest will need to be paid. The moving back my accelerate and it could be 2015 or later.

Glenn