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Zeev Hed

01/22/04 9:27 AM

#195919 RE: coach2 #195915

Probably minimum quarterly royalties and other royalties (and licensing fees) that are certain to accrue are accrued, but volume based royalties are probably cash basis. In edit, and two minutes into trading, taking another big loss, the two NVEC positions just went at $60.03, a loss of $$4.72 and $1.62 respectively. Reestablished SNDK even, though here at $62.30.