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To: HG who wrote (18077)1/13/1999 8:05:00 PM
From: Thomas Haegin  Read Replies (1) | Respond to of 27307
 
No, I'd say for 2 reasons:

1. "Cash" in accounting usually comprise actual cash (current accounts, checking accounts, $$$ bills) plus money market investment of up to 3 months (CD's, time deposits, etc.);

2. If you were right, then were do the large unrealized gains under "Equity" come from? Normally, these arise from appreciating securities. As they did not show such an item (positive or negative) one year ago, I presume, they must have had a lucky hand in the stock market during '98. Other offers, anyone?

Maybe there was a question about this in the conf call. I dunno, no time to listen to it yet.

greetings,
Thomas