C-Cube Message Board - Msg: 4483633

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Technology Stocks : C-Cube

CUBE 36.94

-0.8%

3:59 PM EST

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To: BillyG who wrote (33230)	5/16/1998 12:20:00 PM
From: John Rieman	Read Replies (1) of 50808

Inventories building because of increased demand?????????????????? The Company's operating activities generated cash of $32.3 million in the first quarter of 1998, mainly from operating income, reduced accounts receivable and increased accounts payable, partially offset by an increase in inventory. The increase in accounts payable was due to receipts of inventory near the end of the quarter. Inventory was increased to support future demand. Accounts receivable decreased as a substantial portion of the Company's shipments were made on letters of credit in March 1998 and collected before the quarter end. Shipments made in December 1997 followed a more normal pattern and thus days outstanding decreased from 41 days at year end 1997 to an abnormally low 30 days at the end of the first quarter of 1998. Shipments in the first quarter of 1998 were also more linear throughout the period where as in the past the Company shipped a substantial portion of its product in the last month of thequarter.

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