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Technology Stocks : American Power Conversion
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To: JimieA who wrote (2029)6/18/1998 12:06:00 AM
From: trilobyte  Read Replies (1) of 2574
 
Jim,

This discussion is long overdue?
i didn't start it... some of us noticed
the increase the day earnings were released.
we're simply responding to a recent post.

I'll just point out the following numbers:

Inventories (1000): Dec 96: 130 443
Mar 97: 159 613 +22%

Inventories (1000): Dec 97: 104 171
Mar 98: 130 894 +26%

So the increase in inventory is more likely due
to the company selling cycle than poor management.
Based on your logic, the inventory increase
last year would not have been due to increasing sales:
not. Sale increase was strong in 97, and continues to
be strong. As for poor asset management, you are
entitled to your opinion. I would rather focus on the
fact that APCC sales in the first quarter of 97 were
172 millions and that they're now (1Q98) 219 millions.
So inventory went from 92% of sales to 60%. Doesn't
seem like poor management to me.

Trilobyte
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