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Cassandra

11/13/03 4:44 PM

#51169 RE: milplease #51157

The same quarter last year was, I believe, the worst quarter in the 15-year history of the company for a quarterly loss.

Remember, that was the quarter wherein management guided and reaffirmed that revenue would be $2.6 million (best ever). It turned out to be only $290K with negative product margins of 538% (they essentially wrote off the inventory).