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To: Steve Robinett who wrote (44158)3/24/1999 9:33:00 AM
From: John Graybill  Read Replies (1) | Respond to of 53903
 
One way to look at those "carrying costs" is that they are very big indeed if the stock goes from 50 to 20 and you're still holding 40M shares. Try explaining that to the BOD on Labor Day. They've *got* to be hedging themselves at this point, IMO.