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Gold/Mining/Energy : Trico Marine Services (TMAR) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Lee who wrote (1027)	2/17/1999 11:53:00 AM
From: D.J.Smyth	Read Replies (1) \| Respond to of 1153

their operating expenses are still $2 million higher than June 1998 quarter (due mainly, in their words to continuning "upgrade and refurbishment program"). this amounts to $.10 per share. Their General and Administrative is over $700,000 higher this quarter than last and that much higher and more than June's - this is another $.04 in earnings. they state that amortization was higher this quarter, but that was only $100,000 higher than the last two quarters. why the significantly higher G&A? if we can (finally) take them at their word that their upgrade and refurbishment program is ending and will reduce capital expenditures (by how much?) this year, then earnings should...their cc is this afternoon at 2:30pm