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Technology Stocks : Source Media SRCM
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To: MW who wrote (109)5/22/1998 3:03:00 PM
From: Smilodon  Read Replies (1) of 3015
 
Queston about receivables.

I just read SRCM's 10Q and noticed that accounts receivable increased from $2.8 mil to $4.4 mil since the December quarter. I checked last year to determine seasonality and while there was an increase, it was a much smaller percentage. Also, since the merger was complete in December, I couldn't see how that would account for the increase.

I don't recall the company addressing this in the conference call, but I may have missed it. The only thing I could think of is the difference in contracts (more service oriented) for the IT businesses they acquired, and the resultant payment patterns.

Do you know the actual reason?

Thanks in advance,

Archer
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