Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Technology Stocks : TLAB info? -- Ignore unavailable to you. Want to Upgrade?

To: mike thomas who wrote (6538)	2/17/2000 7:56:00 PM
From: sydney	Respond to of 7342

Do your homework...who has money,growth and is in the positive (TLAB)and who has a high stock price and negative after acquisitions..great to see any company trading higher every day...but sooner or later these companies have to prove themselves and exist on more then rumors...Juniper is just the rumor at the moment for the other before named company.Just wouldn't want to be buying a "rumor" or "what could be" at these prices...I do have some "swampland" in Ohio I could sell you....has a view...great potential.

To: mike thomas who wrote (6538)	2/18/2000 1:07:00 PM
From: Chuzzlewit	Read Replies (1) \| Respond to of 7342

Mike, You are not stupid, it's the stupid market! Don't kick yourself for not participating in the bubble. Tellabs continues to show solid growth while CIEN's results continue to deteriorate. Look at CIEN's cash flow from operations for the most recent quarter: Three Months Ended January 31, --------------------------------- 1999 2000 -------------- ------------- Cash flows from operating activities: Net income (loss) $ (1,881) $ 9,062 Adjustments to reconcile net income to net cash provided by operating activities: Non-cash charges from equity transactions 10 10 Amortization of premiums on marketable debt securities 42 3 Effect of translation adjustment (1) 38 Depreciation and amortization 11,557 13,899 Provision for doubtful accounts - 250 Provision for inventory excess and obsolescence 1,533 4,476 Provision for warranty and other contractual obligations 2,218 2,290 Changes in assets and liabilities: Decrease (increase) in accounts receivable 5,215 (22,146) Increase in prepaid expenses and other (5,240) (4,557) Decrease (increase) in inventories 10,804 (7,477) Decrease (increase) in deferred income tax asset 3,776 (633) Decrease in prepaid income taxes 10,345 - Decrease in other assets 63 - Increase in accounts payable and accruals 6,196 4,284 Decrease in income taxes payable - (8,697) Increase in deferred income tax liability 189 - Decrease in deferred revenue and other obligations (299) (852) -------------- ------------- Net cash provided (used) by operating activities 44,527 (10,050) -------------- ------------- Cash flows from investing activities: Additions to equipment, furniture and fixtures (12,360) (16,997) Maturities of marketable debt securities - 85,450 Purchases of marketable debt securities (73,809) (76,702) -------------- ------------- Net cash used in investing activities (86,169) (8,249) -------------- ------------- Cash flows from financing activities: Repayment of other obligations 1,725 46 Net proceeds for issuance of common stock 1,904 8,416 Tax benefit related to exercise of stock options 2,928 14,657 Repayment of notes from receivable stockholders 2 69 -------------- ------------- Net cash provided by financing activities 6,559 23,188 -------------- ------------- Net (decrease) increase in cash and cash equivalents (35,083) 4,889 Cash and cash equivalents at beginning of period 250,714 143,440 -------------- ------------- Cash and cash equivalents at end of period $ 215,631 $ 148,329 ============== ============= Comment: I find the disparity between earnings as reported and cash flow from operations very suspicious.