Replies to post #9765 on Veltex Corporation (VLXC)

[Max90210]

You mean to tell me that you don't think a $5 million write-off will have much of an effect on an estimated $5 million dollar extimated net income for 2004? If there is a write-off now, you'll see it at such time when it is completely disolved. Get rid of a write-off and its 30% tax break and you have just lowered the .75 EPS for 2004 to .52. If there is a write-off to be had, you can bet it will be there in the audit.

Max