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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
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To: E.J. Neitz Jr who wrote (4279)9/2/1998 6:36:00 PM
From: DanZ  Read Replies (2) of 6565
 
Edward,

What you said might be true, but the company is still generating positive cash flow. As of June 98, they had $88.6 million in receivables. Companies have to spend cash to survive but as long as their cash flow is positive, they shouldn't draw down their cash reserves dramatically. Depending on what their collection period is, they should have collected that entire $88.6 million plus 1 to 1 1/2 months of receivables booked this quarter.
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