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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Sharck who wrote (30209)	7/6/2001 2:56:17 PM
From: YourKing	Read Replies (1) \| Respond to of 37746

XXIA - Long XXIA. Tight Stop below $10.50.

To: Sharck who wrote (30209)	7/6/2001 3:04:09 PM
From: WhatsUpWithThat	Read Replies (2) \| Respond to of 37746

SW.TSE/SWIR.Q (Sierra Wireless) Just noticed something interesting: they're one of the biggest creditors of MCOM, to the tune of $29 million USD. SW is reporting on July 16th; am I smelling a bad debt write-down here? SWIR took a huge dive a couple of weeks back (before MCOM's own announcement of Chapter 11) on forecast of a loss and rev drop, but the only mention they make about bad debts is increasing the provision by $3m only. MCOM's not looking real good, so I wonder what SWIR's auditors will make them do with the $29m that would look v doubtful from MCOM. Thought this is worth a heads up, esp since SWIR has had a nice recovery off the bottom of their drop in late June. Cheers WUWT