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Technology Stocks : INEL - Inteligent Electronics ?
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To: LadyD who wrote (187)9/7/1997 3:51:00 AM
From: Ming Z Chen   of 234
 
Is anyone out there who can still read the balance sheet?

1. INEL own 82% of XL Connect (XLCT).
that stake (about $170M) = entire co's market cap

2. co recently sell 2 unit:
a: co sell Reseller Network Division to Ingram Micro for $78M.
b: co sell Direct Computer Sales Operation to GE Capital for $136M.

3. co retain Direct Computer Sales Operations in Cincinnati, Cleveland, Pittsburgh, and Indianapolis (with about $200M sales
during 1996)

4. co loss about $135M last 2 year.

INEL now sell most of money lossing business.
because co retain Direct Computer Sales Operation, co remain as a operational corp which will allow to carry over those loss.
even if the money from sell co's units can only cover co's liabilities, the remaining Direct Computer Sales Operation and the loss carry over make co worth another $160M

5. So the stock worth a DOUBLE.
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