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To: Oeconomicus who wrote (140337)3/8/2002 10:32:51 AM
From: H James Morris  Read Replies (2) | Respond to of 164687
 
This is our risk.
>>Public since July 2000, Avici has yet to turn a profit, and given the oversupply in fiber-optic cable and equipment, it's not surprising that the firm shows discouraging consensus forecasts for 2002 and 2003.

Analysts expect Avici to post a loss of $1.25 per share this year, narrowing to a loss of 92 cents in 2003. Over the next several quarters, Avici will probably have to tap into its cash hoard to pay for day-to-day operating expenses.<<
Btw
Can you remember during the bubble how tech stocks would soar when they announced a reduction in losses?



To: Oeconomicus who wrote (140337)3/8/2002 5:03:16 PM
From: Victor Lazlo  Respond to of 164687
 
<<From a 52-week high, the stock has fallen 88% to $2.19. But with cash and equivalents of $129 million and not much long-term debt, Avici has $2.62 per share in cash." >>

Obviously what the market is saying here is that avci is going to burn through that cash going foward. There were are other examples. There used to be more examples, but many have burned through their cash.


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