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Non-Tech : New Holland and the Ag Equipment Group -- Ignore unavailable to you. Want to Upgrade?

To: Zach E. who wrote (31)	10/28/1998 10:50:00 PM
From: Joe Wesley	Respond to of 113

Starting to go through it ZE and compare to Case and second quarter. Cash dropped some but equity gained about $.50 this quarter. Cost cutting plan looks encouraging. Companies attitude and acknowledgement of a problem may keep them in the black through the downturn. New Holland has been running a 0% two year 25% down finance plan for the last month (ends Oct. 31) on some tractors and other things they want to move. This may help keep their inventories from being a drag. Bottom line for price movement of this one is the buy-in plan and what Fiat wants to do. With 46mm or less float and considering the two NH salesmen I know own over 1,000 shares each I guess the float may be a lot less. Do you have any ideas here? Amateur