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Strategies & Market Trends : The New Economy and its Winners
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To: Bill Harmond who wrote (8650)9/10/2001 5:01:45 PM
From: Oeconomicus  Read Replies (1) of 57684
 
WH, you listening to Avici's CC? Interesting note on cash position. They said they expect to end the year with around $140 million, which comes to about $2.80 per share. They also gave guidance on cash burn for next year. It looks like they have plenty of cash to remain "fully funded", but I'm going to have to listen to the replay to be sure of the details. Still expect to reach profitability in '03. Of course, as we discovered today, expectations of future revenues and profits can change sharply depending on the spending mood of carriers.

Bob
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