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Technology Stocks : Wolf speed -- Ignore unavailable to you. Want to Upgrade?

To: All Mtn Ski who wrote (6264)	8/5/2002 10:36:49 PM
From: J Fieb	Read Replies (2) \| Respond to of 10714

Here is the excerpt from last Qs 10Q..... As of March 24, 2002 we had working capital of $201.9 million, including $157.0 million in cash and marketable securities. Operating activities generated net cash of $25.5 million for the first nine months of fiscal 2002 compared with $56.8 million generated during the comparative period in fiscal 2001. This reduction in cash provided by operations was primarily attributable to lower income from operations and timing differences attributable to our increase in deferred income tax assets and a decline in accounts payable. The increase in deferred tax assets was a $24.8 million reduction to cash from operations during the first nine months of fiscal 2002. This deferred tax asset which was generated from pretax losses arising from charges taken, is targeted to decline over the next several quarters. Capital expenditures of property, plant and equipment amounted to $28.1 million during the first nine months of fiscal 2002. In addition, $15.3 million was invested in available for sale securities and $40.0 million was invested in securities held to maturity during the third quarter of fiscal 2002. Proceeds of $57.0 million from securities held to maturity was used to reinvest in available for sale securities and in securities held to maturity. In addition, $9.1 million was invested in privately held companies. Cash used in financing activities during the first nine months of fiscal 2002 includes a total of 930,000 shares of common stock which have been repurchased on the open market for an aggregate of $13.6 million. In addition, we received $4.3 in proceeds from the exercise of stock options from our employee stock option plan. We currently have adequate cash and working capital resources on hand to fund near term .... and this Q suggests that cash is down to 100 million. They bought some stock, but not that much. Any help out there?