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Technology Stocks : Wind River going up, up, up!
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To: Herbert Caldwell who wrote (7729)5/4/2000 10:47:00 PM
From: dwayanu  Read Replies (1) of 10309
 
...accounts payable has exceeded sales...

That doesn't sound like a reasonable statement. What is your source, and if possible their source?

There is $140 million long term debt in convertible notes (convertible at $32, expires in 2002), perhaps that's what you're seeing. Calendar 1999 sales were about $170 million, though I'm not sure if various acquisitions' sales are included.

Or could be what you're seeing is one of WIND's acquisitions, some of which are being accounted for as purchases and being paid for with WIND stock, and thus could show up temporarily as a huge accounts payable figure.

Ref WIND's 4/14/00 8-K and 4/28/00 10-Q filings with the SEC.

...Should this positively impact the stock price?

If the answer to that isn't obvious, you can get good background info at various investor education sites like fool.com (the Motley Fool site, highly recommended despite it's name). Check into topics like "Reading Balance Sheets" and "Cash Flow Statements".

- Dway
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