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Biotech / Medical : QGLY - Funny Name Great Product.

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To: Jimbo Cobb who wrote (8935)11/6/1999 10:56:00 AM
From: drakes353  Read Replies (1) of 8960
 
That QGLY PR is a case of the pot calling the kettle black, ain't it?

As far as the cash position goes....I'm seeing tons of CE ads on the airwaves. My guess is that the cash is going to quickly disappear as they make a last ditch effort to prop up sales. Look at the last quarter, sales were down more than 60% The excuse about how retailers/wholesalers are holding less inventory is just another in a long line of rationalizations about the declining sales. What it's really telling us is that final demand has dropped a big, whole bunch and CE inventory is getting tough to move.

Remember, this is a revenue, not an earnings game, for Q management. If they think more ad dollars will bring in more sales they will spend, spend, spend.
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