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Non-Tech : ZOLT

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To: Dave Mansfield who wrote (864)9/11/1998 10:54:00 AM
From: Sir Auric Goldfinger  Read Replies (2) of 970
 
Perhaps Not. Financial Statement Analysis 101: Read the operating cash flows & compare them to the income statements. This is a classic case of MO "earnings" that aren't there. Now read all of the adjustments to net income to get to operating cash flow. Notice that it is consistently negative (not just a 1 Q aberation). Now go to the notes ands see Zsolt speak about increasing gross margins, but at the same time increased inventory (marked up) at the same time that sales in Asia were down due to slumping demand in the high tech sector. It does not compute from any angle.

Now, go away and go to your local JC for an accounting course.
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