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To: Mike Buckley who wrote (48736)	11/9/2001 2:47:39 AM
From: Uncle Frank	Read Replies (1) \| Respond to of 54805

In context (from the link you kindly offered): In fiscal 2000, $812 million in cash was provided by operating activities, compared to $182 million in cash provided by operating activities in fiscal 1999. Cash provided by operating activities in fiscal 2000 includes $1,296 million of net cash flow provided by operations offset by $484 million of net working capital requirements. The improved cash flow from operations primarily reflects the increase in net income resulting from improved gross margins and higher interest income. Net working capital requirements of $484 million primarily reflect increases in finance receivables and decreases in accounts payable and accrued liabilities, offset by a decrease in accounts receivable. The increase in finance receivables in fiscal 2000 resulted from the financing of contract payments under the development agreement with Globalstar and customers of CDMA infrastructure products in accordance with the agreement with Ericsson, and the decreases in accounts payable, accrued liabilities and accounts receivable are primarily attributed to the sale of the terrestrial CDMA wireless consumer phone business. Maybe we need to track net operational cash flow (NOCF) instead of OCF. Is the $1.2B NOCF? uf@lovethisvaluationstuff:-).com