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To: Racso who wrote (54272)	3/20/1999 2:39:00 PM
From: rupert1	Read Replies (1) \| Respond to of 97611

I'm still worryng away at this $200 million Brazil devaluation charge. The way in which it is treated can make a big difference to the EPS reported in April. (Since I don't know how to cumulatively cut and paste, because one cut eliminates the one already pending, this posting might be carried over to the next, if I run out of tiem while I search back). ______________________________________________ This is what Bear Sterns said. ***Why Real Devaluation Effect So Large? The company stated that although Latin America represents only 4% of sales, around half of which are in Brazil, the company was forced to write down $200 million in accounts receivable because of the devaluation which translated into $0.03-$0.04 one-time negative effect on 1Q99 EPS.