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To: Ian@SI who wrote (1632)	10/13/1998 8:47:00 AM
From: Q.	Read Replies (3) \| Respond to of 3813

Columnist Herb Greenberg gave the bear's interpretation today. Two points of focus: BTB and DSO. I paraphrase: Goldman Sachs' earnings preview 4 days ago said it expected revenues of $100 M and bookings of $115 M, for a BTB > 1. So from this point of view, the BTB < 1 was a disappointment, even if the revenues weren't. DSO grew from 108 days the previous Q to 134 days due to stretching the terms with Asian customers. Revenues would be a lot lower, below Goldman Sachs expectations, if they weren't giving this easy financing. That's the point of view of Greenberg's source, who he describes as 'a skeptical money manager'.