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Technology Stocks : The Panda Project (PNDA) -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Chisholm who wrote (1519)	8/15/2000 1:01:07 PM
From: Q.	Respond to of 1521

It's remarkable how long it can take a bad company to fail, isn't it? When short sellers see a company with no sales and bad management, we look at the cash on the balance sheet and the cash burn in the cash flow statement. We figure out how many quarters of cash they have remaining. You might think that this calculation will predict when the company will go BK, but in fact it always takes longer. Inevitably, the company finds ways of struggling along for a year or more beyond that point. Panda is a good example. The company should have dried up and blown away long ago, but it still exists as something more than just an inactive shell.