SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : PPD (Pre-paid Legal Services) on the move
PPD 47.280.0%Dec 8 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: bunglingbob who wrote (685)2/12/1999 8:11:00 AM
From: Sky  Read Replies (1) of 801
 
Thanks for the information...it appears that this was a given that they were not expecting much out of TPN, but expect to see improvement in future qtrs. For individuals curiousity, here is an extract from that release:

The acquisition of TPN effective October 2, 1998, will have the effect of increasing both the Company's revenues and expenses in future
periods. Any net income derived from this acquisition during the fourth quarter of 1998 is not expected to be material. TPN suffered
pre-tax losses from operations of $1.7 million and negative cash flows from operations of $5.2 million during the first nine months of 1998
and had a net working capital deficiency of approximately $5.5 million at September 30, 1998. The Company expects to reduce losses
from operations at TPN during the fourth quarter due to the elimination of duplicate capabilities and improve profitability during the first
quarter of 1999. The expected cash requirements for operations will be funded out of consolidated cash flow from operations and such
requirements are not expected to materially affect the Company's liquidity or ability to continue to finance expected future growth in
membership sales. TPN had total assets of $9.0 million and total liabilities of $11.7 million on September 30, 1998.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News