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10/13/06 3:00 PM

#33955 RE: Sarmad #33953

Re: The journey starts on the day it becomes clear that the purchase of ATI for $5.4B will be dilutive to earnings for at least a year. However, I don't think it will get to 15. More like 20.

That would be enough for my Jan $25 puts to be worth the purchase. :-)