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DewDiligence

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Re: andyk post# 4015

Tuesday, 02/11/2003 12:55:03 AM

Tuesday, February 11, 2003 12:55:03 AM

Post# of 151805
>> It would seem that Tim's assessment on gross margin is reasonable. <<

Are we looking at the same numbers? What I see is that 2001 and 2002 had the lowest gross margins since 1989. Moreover, the average of the 2001 and 2002 margins – 49.5% -- was 1,080 basis points below the 60.3% level attained as recently as 1997.


“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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