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To: Peter V who wrote (3477)	9/28/1998 8:45:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 14427

Two of my favorite co's vomited after the close today. The first was MU... can we say bankruptsy soon? the 2nd was G (my leading indicator)--watch it tomorrow. I'm sure those US sales of that expensive, crappy razor will remain strong when those individuals that they and others are laying off have no income to buy it with. I guess they can just invest in the stock market for income instead of having a job, right? Where do these morons come from? Monday September 28, 7:12 pm Eastern Time International bank crisis slashes Gillette sales BOSTON, Sept 28 (Reuters) - Consumer product giant Gillette Co. (NYSE:G - news) blamed the international banking crisis, the economic turmoil in Russia and Brazil's hard hit economy for slashing its international sales 15 percent for the third quarter. The picture is worse in the Asia-Pacific region, Chief Executive Al Zeien told analysts during a conference call, noting sales there were off 30 percent. The currency crisis in Russia caused the company's distributor to fire all their sales staff thereby forcing Gillette's sales staff to step in. ''We're in effect doing his job for him...These types of problems we did not foresee in our profit and loss outlooks,'' Zeien said. What he called the ''Russian Flu'' apparently is beginning to impact Brazil where Gillette has a strong presence. Interest rates that had been at 15 percent, ''shot up to 50 percent. They were 49 percent today,'' Zeien noted trying to explain why Gillette's trading partners were not ordering product. Foreign sales accounted for 60 percent of Boston-based Gillette's total 1997 sales of $10.1 billion. On the domestic front, however, Zeien said sales of Mach 3, its latest and most expensive shaving system were strong though he did not have final figures.

To: Peter V who wrote (3477)	9/28/1998 9:04:00 PM
From: Thean	Read Replies (1) \| Respond to of 14427

Pete, In doing the EPS calculation, since they did not provide for us in their SEC filing, I have, Best case scenario: Net earning = $977,112 share outstanding (old 3/98 data since I couldn't find any new ones, especially after the merger with Omni) = 8.155 million EPS = 977,112/8,155,000 = $0.12 Their estimate was $0.19 (but don't know if this number have been revised after the merger and symbol change. However, the real EPS should be lower than $0.12 because the pooling of interest with OMNI would definitely dilute the number of share outstanding. However, I don't have the total outstanding share number. After I read the entire filing, I could not find any positive statement in the entire filing except all risks. There is no assuarance this company will do any business in the future. $15 should be an easy target, $12 more likely, regardless of whether the market goes up or down. How long will it take to get to $12-$15 we will probably find out tomorrow. If the stock does not move but with decent volume, then I would be very cautious and probably put a cover stop. If it sees teens quickly after open and sees not much step-up buying, then it will be a lot easy going forward. If it gets to $12 - $15 quickly, I would definitely set a tight trailing cover stop. Been short since $42 after losing the first round by $3-4!