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Technology Stocks : Viasoft is an excellent stock, but what about the company?
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To: Reno Frazzitta who wrote (114)1/23/1997 5:43:00 PM
From: B. Pasternak   of 169
 
I noted that the write off of $1.35 per share is almost as much as
their book value of $1.69 per share. Their current ratio is pretty poor. This is after having already collected $20 million of deferred revenue (revenue not yet earned). You need money to finance growth.
Could be indication of cash flow trouble ahead. Unless they were able
to do a secondary offering at their highly inflated stock price. I don't know if the size of that write off was disclosed earlier, but
if it wasn't, Id bet its more than expected.
An interesting tidbit: I checked with the largest distributor of wall street research reports (investext) and they said there are no reports available on this company. Isn't that interesting for a company with a $billion market cap. Of course, wall street doesn't generally issue a research report with a sell recommendation.
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