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Telephonics

01/10/06 4:48 PM

#3057 RE: firecracker070445 #3051

I somewhat surprised you didn't see his true colors a long time ago.
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Charleoi

01/10/06 10:50 PM

#3059 RE: firecracker070445 #3051

Fire - you can bet your house that Phil will not provide segment data in an audited SEC filing. That's the issue. Phil says whatever he wants to say in PR's (dfts dividends...Amex around the corner...$12million in software sales...).

Phil has an obligation to disclose segment peformance information, complete with disclosures on organic revenue growth (eg "the $xmillion increase in revenue was due to $xmillion in revenue from a newly consolidated subsidiary an $xmillion in organic revenue growth). Phil has yet to provide that disclosure. He won't this time either. And it's not like this information is unaudited at year end, or not at hand. The consolidated results are built on this information.