Expected gross margins in the third quarter of 1992 are approximately equal
to the actual gross margins in the second quarter of 1992.
The sales price was $8 million, which was approximately equal
to the Company's book basis in the property.
CNA intends to finance the retirement of the Series H Issue through the issuance of debt and common stock in approximately equal
With Pharmos' market value being approximately equal
to its working capital of about $40 million, we believe the investment community is correctly suggesting investors stay on the sidelines until the Company figures out who they are, what they are and who is running the Company.
Managed services have emerged from a small base to an opportunity experiencing growth currently running at 20% per annum, and approximately equal
in size to the combined revenues for web hosting and colocation.