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jai

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Alias Born 01/05/2003

jai

Re: rmarchma post# 64447

Friday, 03/26/2004 9:22:08 AM

Friday, March 26, 2004 9:22:08 AM

Post# of 433308
From what I see the D & O expense increases is not IDCC specific. A number of other companies have had insurance expense increases.

CMNT

"The company said its first-quarter outlook reflects "the lower first-quarter revenues and higher first-quarter expenses relating to employment taxes, sales conferences, Sarbanes-Oxley compliance and year-end audit and reporting expenses."

Sarbanes-Oxley is putting executives in the hot seat. They are now criminally liable if they produce fraudulent numbers. Insurance costs have increased because of this.

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