LHSP: Lernout En Hauspie Message Board

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Technology Stocks : LHSP: Lernout En Hauspie

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To: A.L. Reagan who wrote (2164)	5/10/2000 7:51:00 PM
From: jhg_in_kc	Read Replies (1) of 2467

Any thougths,,,alleged LHSP channel stuffing... << Was That Really a Blowout at Lernout? By Herb Greenberg Senior Columnist 5/10/00 6:30 AM ET Wednesday wallop: Lernahooligan alert: Lernout & Hauspie (LHSP:Nasdaq - news - boards), since you didn't ask, reported first-quarter earnings last night. Looked like a blowout, with earnings coming in at 19 cents per share vs. estimates of 15 cents. (So what if the estimates had been reduced in February, at the company's direction, from 22 cents.) Receivables days outstanding leaped to 105 days from 86 days on flat sales from the prior quarter, suggesting (so say short-sellers) an overstuffed distribution channel. Receivables, in fact, rose by $24 million (or just shy of one-quarter of the entire quarter's revenue). Without the increase, "earnings would've been 3 cents per share," one short says.>>

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