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Technology Stocks : Mercator Software
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To: TEDennis who wrote (23)2/5/2003 4:55:35 PM
From: Mike M  Read Replies (1) of 68
 
Hmmmm...Nice sequential improvement...Positive cash flow of $1.6M....Does the turnaround appear to be gaining traction? Probably need another quarter or two to figure that out. But:

<<The Company recorded a restructuring charge of $7.9 million, of which $5.4 million was for costs for unoccupied lease space and $2.5 million was for severance costs. The global workforce was reduced by 20% in the fourth quarter. >>

Says that they could have had a much better month had they not been faced with this significant write off...On the other hand, cost cutting should result in much more attractive numbers next quarter. I wonder if there are more material write offs or will there be a more constant breeze in their sail next quarter....
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