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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: George Dawson who wrote (26638)	4/29/2000 5:21:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 29386

Georg, some idiotic commentator was talking about accounts receivable shooting through the roof, I do not know where he got his accounting education, but by all measures ANCR is managing this part of its business fine, last year, their DOS (days outstanding sales) was 116 days, for the quarter, this year it us 76 days. I presume that because of the rapid ramp up of sales the situation is even better. For such a young organization and at this stage of its sales ramp up to get down below 90 days of accounts receivable is nothing less than outstanding. It is my guess that next quarter this figure will be down to 70 days and going further down. Send the arrogant ignoramus back to school. Now, I am not sure that $11 MM in quarterly sales will get ANCR to break even yet (after all their gross margins are in the 50% and they are still ramping up R&D, as well as their SG&A infrastructures), but at around $16 MM quarterly, they should break into the black, and I think we will need to wait only two or three quarters for that. Zeev