Acrodyne (ACRO) is one of two pure plays in the TV Message Board

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Technology Stocks : Acrodyne (ACRO) is one of two pure plays in the TV

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To: Mr.G who wrote (1142)	8/15/1998 12:40:00 AM
From: Robert Florin	Read Replies (1) of 1319

Earnings are out! Looks like we all missed the mark (especially me!) EPS: .006 Wuch you mean 'we'? ;-) exchange2000.com On a more serious note, I am glad to see the P&L in the + for the second straight quarter. However, I am concerned about how much change occurred in receivables. There was a $1.8 mm swing between this year and last, requiring a $1.2 advance against the credit line and a total decrease in working capital from $3.0 mm to $2.1 mm in this quarter. Where are the payments for the products? There needs to be more working capital, and more sales. Looks like a few quarters with 4.4mm (1 million greater) would go a way to restoring the cash. At current 1/3 margins, that means apprx $300,000 to staunch the bleeding in the bank balance.

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