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Fred Langford

07/22/03 7:47 PM

#133018 RE: TJ Parker #132970

After the NVLS fiasco yesterday, you are absolutely right...
briefing.scam, that's good!

Fred
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Zeev Hed

07/22/03 7:58 PM

#133019 RE: TJ Parker #132970

That is what I call "writing off everything" including the kitchen sink. A la CISCO, I think that there are there at least $200 MM of future expenses there charged against this quarter. They must have said, what the heck, we are going to take a goodwill write down of $400 M, then why not add to that few more future expenses. The market will call these "one time events" (though they are left with another $850 MM or so of goodwill...) and shrug it off.