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rayfer

05/31/03 4:17 PM

#29779 RE: rmarchma #29778

jilliswell being here marks the official end of this board being more useful than not..... R.I.P.
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GE_Jim

05/31/03 5:14 PM

#29792 RE: rmarchma #29778

Rmarchma,

Thanks for the numbers.

I sure there correct. Question , what's your thoughts on M&A. A lot of cash flow. I would also consider the possibility of a little extra going to the bank and perhaps a higher R&D budget. This of course could only be mentioned under the term of speculation.

The 3.76 is a compelling number for 2003. I would think the market would normally discount the P/E based on the accrue and the tax usage for 2003 but the price will not be settled concerning P/E till the rush is over, I should just say spike. I wouldn't think P/E will not be factored till well into 2004. By then we will be talking about IFX,chips and whatever 3G licenses they may get