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Technology Stocks : Acrodyne (ACRO) is one of two pure plays in the TV
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To: Mel Spivak who wrote (1286)11/16/1999 9:15:00 PM
From: Mr.G  Read Replies (2) of 1319
 
From the 10Q:

I found this part a little disconcerting:

Margins for the quarter were adversely affected by excess field installation costs and warranty repairs for recently introduced ACT and ARS series transmitters. Management believes it has identified a number of the problems causing these excess costs and is implementing corrective actions.

and this part interesting:

At September 30, 1999 the Company's working capital increased by $1,529,091 to $4,488,371 as compared to $2,959,280 at December 31, 1998, mainly from the increase in Inventories and Customer Advances.
Customer Advances are deposits required on current orders to be shipped in the fourth quarter of 1999 and beyond. The non refundable down payments are recorded on the Balance Sheet as a liability until time of shipment.

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