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To: Uncle Frank who wrote (19021)11/6/1998 2:38:00 PM
From: aladin  Respond to of 77400
 
Uncle Frank,

You might note that:

10-K for Fiscal year ending 7/31/98 - Gross margins increased slightly to 65.5% during 1998 from 65.2%

10-Q for qtr ending 4/25/98 - Gross margins increased slightly to 65.7% in the third quarter of 1998 from 65.3% in the third quarter of 1997

Despite this, the last 10 or so 10-Q's warned of potential margin decreases, this is called due diligence. Also historically the margins go up or down a few tenths all the time.

The reports also warn about earthquake's :-)

John