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Strategies & Market Trends : 02 tax loss season;Mother of all buying opportunites? -- Ignore unavailable to you. Want to Upgrade?

To: Joseph Waligore who wrote (68)	10/6/2002 10:50:32 AM
From: russwinter	Respond to of 212

Yes, that is correct on the cash. As my first filter, I'm running a net working capital minus debt number though. That adds the 13m receivables, and 6m inventories, and 3m prepaid expenses/other current assets. If they had (they don't) marketable securities in the long term asset column I'd add that too. I then subtract off all short and long term liabilities. Of course the additional filter and potential red flag for many tech related companies has been bloated inventories and large receivables (and very high burn rates). We should be looking for that possibility (see my comment on ARMHY's receivables earlier), but in SYNA's case that just doesn't look at all out of line.