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Technology Stocks : Jimbo's Playhouse/CPQ

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To: robbie who wrote (7692)9/29/2000 5:16:11 PM
From: Jimbo Cobb  Read Replies (1) of 12662
 
From a post on Yahoo (and a quick glance at balance sheet I think this is accurate)...they don't really have to cut back anything for the next few years from a cash standpoint...thanks to secondary offering earlier this year they could go for quite awhile at current burn rate, but they might cut back if they are trying to tighten their belt to make next qtr report look better.....no danger of running out of cash for years, IMO .....

From the last June-quarter balance-sheet :

Total Assets = $245.6 mill
Total Liabilities = $14.5 mill
Book Value = $231.1 mill.

Take out the $107.4 mill assigned to goodwill and other intangible assets. - We are not
talking about brand name like Yahoo.

Revised Book Value = $123.7 mill
Cash burnt since last quarter = $4.5 million (est)

** Final Book Value = $119.2 mill
Shares outstanding = 26 mill (roughly)

***** Book Value / Share = $4.58 *********
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