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GE_Jim

05/31/03 5:31 PM

#29795 RE: mschere #29793

Well the 3.76 as I have stated will not be factored by a P/E till after the rush is over. Included in that 3.76 is 1 extra year of accrue $120 mil, the usage of tax carry $137 mil and the likely 12 mil more shares we have to divide the pot up with, dilution. And that’s providing IDCC doesn't give it away in arbitration which has been the case in the past.

But regarding Ron's numbers I sure the math is correct. 2004 would then be less in earnings than this year, not counting whatever other contracts we may get, as mentioned.