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This weekend I went through the numbers available (6/30/99) again. We don't know how bad the 9/30 numbers will actually be, but I don't think there's much downside at a price of $24.

The question is whether management can get their act together. Even mediocre management should be able to build a pretty good return over the next couple of years, but IMHO it going to take a few quarters before the investment community starts to trust this stock again.

My prediction is that we'll see a little bump when the third quarter numbers come out (cuz I think the market overreacted to last week's news). Then we'll see little movement until we're a couple of quarters through FY2000.

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