Lesson two for tonight: Learn how to read a balance sheet and see what the trends are: 1) Cash dropped dramatically and 2) recivables and inventory skyrocketed. These are NOT Good trends, in fact combined with gross margins that are LESS than CRUDE OIL (the world's biggest commodity), WSTL is headed exactly where I predicted it would. You fish will never learn until you have no dough left will ya?
Westell Technologies, Inc.
Consolidated Financial Results
(Dollars in thousands except per share amounts)
Three Months ended June 30,
2000 1999(A) % Change
during the current quarter.
(E) Loss year impact of dilution is anti-dilutive, therefore dilutive
presentation is not applicable.
Westell Technologies, Inc.
Consolidated Financial Results (continued)
(Dollars in thousands except per share amounts)
June 30, March 31,
2000 2000
(000's)
(unaudited)
Cash and Short term Investments 12,959 29,209
Receivables 79,879 42,025
Inventory 43,398 30,741
Goodwill 167,245 175,482
Total current assets 151,682 117,025
Total current liabilities 82,428 52,690
Shareholders' Equity 282,060 279,663 |
