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Technology Stocks : Wireless Facilities (WFII)
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To: Jack Hartmann who wrote (428)3/30/2001 4:29:22 PM
From: Art Bechhoefer  Read Replies (2) of 465
 
Jack, if WFII is going to take a loss on the MCOM job, does that mean that they had previously put the future revenues into accounts receivables? If so, it would be a highly unusual method of accounting--adding to accounts receivables even before billing for them, and then not billing for them at all because the contract was cancelled.

I first started following WFII after the Gilder article. It sounds like an interesting company, but somewhat vulnerable because it charges for consulting in a sector that can be somewhat volatile, as we now know. What I'm not sure I understand is why a customer would prefer to use WFII services rather than those supplied by an equipment vendor such as Nortel. In other words, what does a customer get from WFII that cannot be provided equally well, and at possibly lower cost by a company like Nortel?

Art
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