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Technology Stocks : p-com (pcms)
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To: charlie who wrote (1022)2/1/1999 1:08:00 AM
From: synchro  Read Replies (1) of 1461
 
I wouldn't expend much mental energy on that $75 million backorder. That kind of thing can be canceled at anytime (especially at the trigger of an external economic shock), and there is nothing P-COM can do about it. What people should be impressed is the continued heavy spending on research and development that the company is devoting despite the obscene losses and ugly balance sheet. It shows the company is either long term oriented or foolhardy.
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