Sequoia Software Corp. (SQSW) Message Board

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Technology Stocks : Sequoia Software Corp. (SQSW)

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To: Chartgod who wrote (93)	3/18/2001 11:20:30 PM
From: Glenn Petersen	Read Replies (1) of 102

Jim: While I periodically check in on SQSW, I have not been able to generate any significant enthusiasm. While they have experienced some impressive sequential revenue growth, a review of their financial statements raises some questions. Their year receivables totaled $12 million, which equates to a six month DSO. They had $23.2 million in cash at year end. The burn rate for the last two quarters was about $4.5-$5.0 million per quarter. One year's worth of cash. The following disclosure was in the third quarter 10-Q: "...we do not expect to generate positive cash flows from operating activities until the third quarter of 2002." Hmmmm. My guess is that they will survive but something good probably needs to happen here before I would take a position. I am keeping it on my radar screen. Glenn

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