To: Bob Trocchi who wrote (2783 ) 11/21/2001 10:10:07 AM From: Bob Trocchi Read Replies (1) | Respond to Another somewhat positive analysis.You never like to hear a warning, but there were some good nuggets in the report and the conference call. In OctQ, total orders increased 16% sequentially and orders for shipment within the quarter increased 16% sequentially which led to its turns business, which is sales from orders booked and shipped within the same quarter, increasing to $156 mln, or 37% of sales. Also, cancellations continued to abate in OctQ. Book-to-bill improved, but orders were below current shipment levels and its backlog declined.....Balance sheet remains rock solid as cash increased sequentially by $120 mln, bringing total cash to $2.8 bln. Inventories and acct receivables declined, despite the tough industry conditions.you should be able to buy it on weakness over the coming months as it should do well in a recovery.
