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Technology Stocks : PROGRAMMER'S PARADISE (PROG) -- Ignore unavailable to you. Want to Upgrade?

To: Craig Lacy who wrote (2266)10/31/2000 9:37:11 PM
From: sjemmeri  Respond to of 2383
 
Are you referring to drop in current assets? Note that current liabilities dropped a similar amount to yield close to the same net position. Also, NA business seems OK. No position right now. I took a profit on the first run over 3.



To: Craig Lacy who wrote (2266)10/31/2000 10:37:39 PM
From: Carl R.  Read Replies (1) | Respond to of 2383
 
Quite a surprising quarter, actually. Sales sucked, but they did a remarkable job of slashing SGA costs back to 1997 levels, resulting in a better than expected EPS. The strong US sales growth combined with the sale of the European division make this an interesting investment at this point. I guess we'll have to wait for the 10Q for any information about the breakdown of sales though.

Carl


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