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Technology Stocks : Identix (IDNX)
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To: chaz who wrote (5732)12/12/1997 12:34:00 AM
From: brad greene  Read Replies (2) of 26039
 
chaz,

Many of IDX's receivables are government service contracts. (armed guards) They fall under "billed" and "unbilled"...(unbilled is for work completed but as of yet not billed)...The recevibles are always very high for ANADAC......as long term contract payments owed to IDX run at the same level month in and month out. These are DOD contracts and are not in doubt. The government always pays.

I'm beginning to think that you have thrown out a number of red flag type statements without having much knowledge or basic understanding of business or finance.......or Identix.

You have been welcomed here, chaz. Very nice folks here. Good time to start over. J. Saf is a bean counter. He reads balance sheets for a living. I would think he will be blunt....... that is his nature. I hope you have not determined that IDX had a multi-million dollar write-off by subtracting receivables from sales.......If so, J.Saf will have no mercy.

Enjoy the ride.

bg

ps. I'm the resident bull here. I think IDX is going to 200 in five years. I don't post it anymore because people from AOL attack me as being a hype-monster. I don't mention large contracts that I think IDX has a good shot at getting either......same deal. I am now a Ho Hum kind of guy. Identix was up today in a tank market....Ho Hum.
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