GTIS - Will it be a Phoenix or not ? Message Board

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Technology Stocks : GTIS - Will it be a Phoenix or not ?

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To: Nutty Buddy who wrote (2008)	8/4/1998 10:32:00 PM
From: Bill Gizzo	Read Replies (3) of 2319

They sure picked a lousy day to report. They only had to fast pencil $680K to get that extra penny. Looks like they stuffed the channel by looking @ the receivables $162 mil vs. 134.8 mil in '97. Cash is pretty low only $8.6 mil. Current Liabilities went up $25 mil yr. over yr. too (a subtle way of saying they lost $25 mil). Same level on Long Term Debt of course that's going to change if the $100 mil sub note deal happens. GT needs to do it too since they only have $30 mil left on the credit facility. If you ask me things look shakey, especially since I really don't think Duke4 is going to sell like Duke3D did. The new accounting method is kicking the shit out of their business plan. Buddy, check out IPLY it looks to have better potential than this one. Cheers Bill

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