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To: Axxel who wrote (218)	1/4/1999 5:41:00 PM
From: Ahmad Sinno	Read Replies (1) \| Respond to of 1691

Axxel, >>> It is my understanding that the company is just spinning off 20% to establish value for the internet side so that it can obtain financing on its own which it surely will be able to do I think this is standard procedures for tax purposes. Don't ask me to explain it, but when HRB spun off CompuServe, they first spun off 20% and stated that they would spin off the other 80% CSRV within one year. CSRV took a big hit and HRB ended-up selling out to WCOM. But in terms of the 20-80 spin off, I think it is for tax purposes. Ahmad