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Re: Zeev Hed post# 172707

Thursday, 11/20/2003 12:29:32 AM

Thursday, November 20, 2003 12:29:32 AM

Post# of 704041
http://ccbn.tenkwizard.com/filing.php?repo=tenk&ipage=2433055&doc=1&total=&attach=ON....

Included in other income in the third quarter and first nine months of 2003 statements of income is the recognition of a loss on the unauthorized sale of UMC shares of approximately $18.3 million, as we believe our ability to recover the balance of the lost assets is significantly impaired (See Liquidity and Capital Resources elsewhere within Management’s Discussion and Analysis). If we realize any additional recovery, a gain will be realized in the period of recovery.









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