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Technology Stocks : Compaq
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To: rudedog who wrote (24555)4/18/1998 11:20:00 AM
From: ken foxx  Read Replies (1) of 97611
 
In the Annual Report p25 under Liquidity and Capital Resources there is this sentence: "Accounts receivable decreased ot $2.9 billion at December 31, 1997 from $3.7 billion at December 31, 1996 primarily as a result of improved asset management and the sale of $1.1 billion of accounts receivable at the end of 1997.

It would appear that they used a factor to pretty up the books at the end of 1997. Had they not done that AR's would have been flat from 1996. How much improvement was there in asset management?

Ken
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