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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (56880)	4/21/1999 7:10:00 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Tippet, >>I'm just surprised at the way they have been able to grow revenues ... I thought they would slip and A&G would hurt profits. << Was the revenue and earnings rise mostly related to the services business? That's been the one consistent bright spot for them. There may be some accounting issues there, but I haven't seen anyone put a firm finger on it. Something to do with booking earnings before they actually know what the full expenses for the contract are going to be. From what I understand, some of the service contracts are very long and they have to make estimates about costs. It's the same kind of thing that snuck up on EDS a while back. But I don't know that anyone can verify it. It's something I've just seen tossed around. Other than that it looks like there was more balance sheet leveraging too. Wayne