Howard, I took the liberty of submitting your post (what are DSOs, by the way?) to Michael Murphy (of the California Technology Stockletter) who responded as follows:
I did talk to them about this. After the Ardent acquisition the receivables
for 12/99 were restated up from $232 million to $267 million, so the 3/00
number of $249 million was a sequential decline in dollar terms, suggesting
they aren't stuffing dot.coms. DSOs did go up because Q1 is the weak Q of
the year, so the revenue number (the divisor) is as low as it gets. Even
so, it is a yellow flag.
Everyone will be watching for this number in June (both $ and DSO), so I
expect Dexmier (as a former CFO) to put up a respecatble number.
Informix doesn't sell that much to new dot.coms, anyway. Most of their
customers are larger companies or specialized as in broadcasting.
Would you be interested in our posting this Q&A to our
www.hightechstocks.com message board, so other CTSL subs could see it?
-----Original Message-----
From: Mark Perry [mailto:tathanka@worldnet.att.net]
Sent: Monday, May 01, 2000 12:03 PM
To: Customer_service
Subject: Informix Receivables
Michael,
Are you at all concerned about IFMX's receivables, i.e. booking revenue
from overnight internet companies who won't be able to pay their bills.
Check following post from Silicon Investor, if you have a second: |
