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Technology Stocks : Speedfam [SFAM] Lovers Unite !
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To: Nevin S. who wrote (3073)7/1/1998 5:01:00 PM
From: Q.  Read Replies (2) of 3736
 
earnings are out. lots of charges. CMP sales almost dried up in 4th quarter.


For the fourth quarter, sales of CMP systems contributed $7.4
million or 28.1 percent of total revenue, down from the $25.2 million,
or 51.0 percent reported for the same period a year ago.

Inventories look bloated: way over a quarters worth of revenue, vs. well under a year earlier.

There is a writeoff re. CMP products that isn't very clear to me, but doesn't sound good:

In addition, one-time charges were taken for special customer
service allowances, which relate to the increasing complexity of the
Company's CMP products and the current competitive environment ...

the only bright spot I could see was $140 M in cash and equivalents sitting there on the balance sheet.
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