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DewDiligence

11/01/10 12:15 PM

#107667 RE: iwfal #107644

…one-time distortions added by start up (e.g. if starting inventory was done on R&D then the COGS will look better than they really are)

Actually, the one-time startup distortion was in the opposite direction, making the COGS number worse rather than better because 3Q10 COGS included an inventory write-off for expired product.