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To: Mark Fowler who wrote (38389)	2/5/1999 11:13:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

Glenn, many companies define cash as readily available discretionary resources--that includes cash and short-term marketable investments. One should compare these two sections, net change in working capital during the same periods, i.e, 4th qtr.'98 to 4 qtr. '97. The Working capital from sources of funds and uses of funds is positive. Mark, That comparison would be fine except for the $350 million junk bond money. Take away the $350 million and make your comparison<G> Working capital is negative once you remove the junk bond money which was not raised via operations. The company would be bankrupt without the junk bond money. You did use the word source of funds. The company claimed to be cash flow positive from operations. This is not true. Glenn