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To: SJS who wrote (2133)	1/7/1999 5:10:00 PM
From: Bulldozer	Read Replies (1) \| Respond to of 4710

The tax rate was completely known by the Street and is why the estimates were at $0.18. EBT was up 77% from 1Q1997. In fact the Street modeled 35%, but the company states 33% is the go forward rate. The increased rate is due to the expir of NOLs. Bulldozer

To: SJS who wrote (2133)	1/7/1999 11:24:00 PM
From: A. Edwards	Respond to of 4710

Impressive topline growth with improved gross margin and BTB. Analysts did not seem to have any problems with their new tax rate affecting Q1 EPS. The company was also optimistic about the March and June quarters. Management's response to the questions concerning the competition environment: comfortable. 65% gross margin is only 5 quarters away, according to the CEO. My guesses for tomorrow: Either EPS upward revisions or rating reiterations from analysts who cover the stock. Perhaps, SG Cowen or Adams Harkness will be kind enough to upgrade the stock.