Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 196.46

-5.1%

1:21 PM EST

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To: Labrador who wrote (60942)	4/28/1999 11:27:00 AM
From: Chuzzlewit	Read Replies (1) of 61433

A few more observations about ASND: 1. Inventory levels seem high at 114.3 days 2. DSO are at 81 days. 3. Gross margin decreased slightly this quarter y-o-y to 62.3% from 64%. I would personally prefer to see ASND adopt a leaner business model. In particular, if inventory and receivables could be brought down to more manageable levels it would make it easier to fund rapid growth. Because ASND lumps A/P together with other accrued liabilities, it is impossible for me to calculate a CCC number, but I would guess that it is in the range of around 120 days. I would like to see that number chopped in half, but that would require major changes to the way ASND does business, and may be impossible. TTFN, CTC

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