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 : Wireless Facilities (WFII) -- Ignore unavailable to you. Want to Upgrade?

To: Jack Hartmann who wrote (374)	7/9/2000 9:38:45 AM
From: Rupert	Respond to of 465

This is about the fourth time in a few months WFII has gone from the mid 40s to the mid 50s. Anyone else trading this stock? I am betting it will do it again so I have placed an order in the mid 40s.

To: Jack Hartmann who wrote (374)	7/9/2000 1:32:45 PM
From: 2MAR$	Respond to of 465

Shouldn't see why not jack, seems to be firing on all cylnders , the nasd cracking 4000 .... see a little more upside into earnings, and even may see another nice little pop, before. Good 'ol wfii...steady as she goes. I know I will hold my shares thru earns....too early to short. So many controversies in the semis lately, lot of thrashing going on.....the swings last week were incredible . SYXI popped up 14 on split announcement siliconinvestor.com and of course AMCC with the csco deal: siliconinvestor.com and where SSTI winds up with the 3-1 coming is a challenge siliconinvestor.com ....I'd say with all this heaving and tossing , one sector for sure that is in the middle of the "perfect storm"! Very nice traders, tho. mars

To: Jack Hartmann who wrote (374)	7/10/2000 2:05:52 PM
From: 2MAR$	Read Replies (1) \| Respond to of 465

looking good today Jack....+8 :)).... who wants to short wfii this early here? Not this kid ,LOL! :) mars

To: Jack Hartmann who wrote (374)	12/10/2000 11:19:50 PM
From: Jack Hartmann	Read Replies (1) \| Respond to of 465

Wireless Facilities Down on Accounting Research Note (Update1) By Dana Cimilluca San Diego, California, Nov. 29 (Bloomberg) -- Wireless Facilities Inc. shares fell 6.7 percent after a group that studies accounting practices said the amount of services it had yet to bill for jumped 65 percent. San Diego, California-based Wireless Facilities, which helps companies build and manage wireless networks, fell $2.50 to $35 in trading of 1.5 million shares, more than triple the daily average over the past three months. The stock is down 79 percent from a record of $163.50 in March. Unbilled accounts receivable rose to $53.5 million in the third quarter from $32.4 million in the second quarter, the Center for Financial Research and Analysis Inc. wrote in a note yesterday. The increase is due to Telcel, the wireless unit of Mexico's largest phone company, Telefonos de Mexico SA, Wireless Facilities said. Wireless Facilities said it discussed this on a conference call when it reported earnings a month ago. It expects to bill and collect money for these services in the fourth quarter. ``This is appropriate financial accounting,'' said Thomas Munro, president. ``It's frustrating to have such a superficial analysis affect the stock price as it has.'' Telcel accounted for 8 percent of Wireless Facilities' sales in the third quarter, said spokesman Mark Francois. The amount of services Wireless Facilities had yet to bill for rose to 73 percent of third-quarter sales, the center said, from 54 percent of revenue in the second quarter. The Rockville, Maryland-based Center for Financial Research was started by Howard Schilit, author of the book ``Financial Shenanigans: How to Detect Accounting Gimmicks and Fraud in Financial Reports.'' The report was titled ``Increase in Unbilled Receivables and Other Operational Concerns in 3Q.'' quote.bloomberg.com ******** I'm missing the concern here. Better than if they recognized the revenue first and collected later. Jack