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To: Giordano Bruno who wrote (96618)	4/19/2001 9:29:48 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 436258

Interesting nugget from the Nortel release. Remember early last week, when Nortel and the photonics companies were ramped on the news that their inventories declined from 12 weeks to 6 weeks outstanding by end of the quarter? Here's what the published balance sheet looks like: As at As at March 31, December 31, --------- ---------- Balance Sheet Items (billions of U.S. dollars) 2001 2000 --------- ---------- Cash and cash equivalents $ 1.77 $ 1.64 ========= ========== Accounts receivable - net $ 7.52 $ 8.20 ========= ========== Inventories $ 4.17 $ 4.34 ========= ========== Total assets $ 42.60 $ 42.18 ========= ========== Long-term debt $ 3.09 $ 1.62 ========= ========== Shareholders' equity $ 29.29 $ 29.11 Now I'm not a mathemetician, but I'll play one on the thread. Last I looked, "$4.17" is not 1/2 of "$4.34". One can't escape the conclusion though that their LT debt is rising rapidly. Got unsubstantiated rumors?