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To: David Lawrence who wrote (1833)10/20/1998 11:42:00 AM
From: John Arnopp  Read Replies (1) | Respond to of 4467
 
David,

yeah, they announced that GAAP required them to mark it to market, and it is only a gain on the books, as they have not sold TLAB during the quarter, but did sell 800,000 shares in October. And yes, it will add volatility because the earnings won't be as predictable, since they will have the final TLAB adjustment thrown in on the quarter's closing day. But, I believe they said they are/will be exiting TLAB, not holding indefinitely like they would a partner company.

Have a nice day,

--John