back in to SCMR today at 3.25. hope to ride this thru a multi-year upcycle. i've always liked theor intelligent network concept and they have the balance sheet to get it done.
"...Currently, our primary source of liquidity comes from our cash and cash equivalents and investments, which totaled $1.01 billion at January 25, 2003. Our investments are classified as available-for-sale and consist of securities that are readily convertible to cash, including certificates of deposits, commercial paper and government securities, with original maturities ranging from 90 days to three years. At January 25, 2003, $381.2 million of investments with maturities of less than one year were classified as short-term investments, and $276.1 million of investments with maturities of greater than one year were classified as long-term investments. At current revenue levels, we anticipate that some portion of our existing cash and cash equivalents and investments will continue to be consumed by operations. Our accounts receivable, while not considered a primary source of liquidity, represents a concentration of credit risk because the accounts receivable balance at any point in time typically consists of a relatively small number of customer account balances due within one year. At January 25, 2003, more than 90% of our accounts receivable balance was attributable to two international customers, including amounts due from one customer under an extended payment term arrangement. As of January 25, 2003, we do not have any outstanding debt or credit facilities, and do not anticipate entering into any debt or credit agreements in the foreseeable future..."
from 3/10/03 10Q |
