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To: Manly who wrote (6566)	2/7/1999 9:14:00 AM
From: Lynn	Read Replies (2) \| Respond to of 27722

Good morning, Glen! Eggs Benedict? Here--yes, you can have some more coffee. Now to serious business: I was unable to listen to the cc [my antique PC] but I did read it, very carefully, under a microscope, Friday afternoon. Regarding the IPO, which seems to be the preoccupation of everyone on our thread, I am of the opinion that we are being more rigid in the "60 days" than Paulson [NAVR] is and that even though we are expecting an announcement tomorrow, or Tuesday at the latest, it might not be made until the end of this week--or possibly not until next week. It was impossible for me to copy the section of the transcript I wanted to quote here or I would have. After reading the transcript I was not concerned that the IPO will be postponed. Rather, I was concerned that _we_ (and probably a lot of other people) are so fixated on 60 days as cut-in-stone rather than fluid time-frame that people will panic and dump their shares _if_ the IPO is not announced during the next two days. Lynn