Centura Software Corporation (NASDAQ:CNTR) Message Board

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Microcap & Penny Stocks : Centura Software Corporation (NASDAQ:CNTR)

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To: WTSherman who wrote (2396)	4/20/1998 10:06:00 PM
From: David Miller	of 2428

As with previous reports, the devil will once again be in the 10Q detail. I don't entirely share your enthusiasm on the expense-line management - GP actually declined by 14.5%, while operating expenses excluding one-offs went down only 8%. Cashflow is difficult to assess without depreciation information, but I'd guess the company is still cash negative on its operations, possibly around $2.5m for the quarter. The reduction in AP and deferred revenues alone will have hoovered up $5m. I also agree that the source of the expense reductions should be a medium term concern, with R&D hit for a further 14% reduction in the quarter, while sales got away with 9% and GA only 7%. Still alive, but still precarious. david

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