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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (19418)	7/13/2004 7:26:48 PM
From: Jurgis Bekepuris	Respond to of 78753

Don't know the companies, although areas that they are in are highly competitive, especially for BLUE. I don't know if this is very useful to you though. For below cash buys, you either buy a basket - like you are doing already, or you really have to know the people and business case to estimate that bleeding will stop. Jurgis

To: Paul Senior who wrote (19418)	7/13/2004 11:11:27 PM
From: hivemind	Read Replies (1) \| Respond to of 78753

Paul Senior, For BLUE I think Yahoo is counting cash (9.743) + short-term investments (32.044) / outstanding shares of 12.0 million = 3.48 per share. Current liabilities do not seem to be in there, that could be the reason for the diff. I could be very wrong, but seems reasonable. edit: The 3/2004 10Q suggests liquidity problems if they can't get their customer base producing better: We currently anticipate that our existing cash and investments will be sufficient to meet our presently anticipated working capital, capital expenditure and operating requirements for at least the next 12 months. Either within this time period or at some future date, if our current financial performance continues, we may need to raise additional funds in the future through public or private debt or equity financing. There can be no assurance that this additional financing will be available, or if available, will be on reasonable terms. If adequate funds are not available on acceptable terms, we may have to accept financing on terms we view as unreasonable or that are dilutive to our stockholders, or to cease operations. If we were to seek additional financing today, we do not believe it would be available on reasonable terms. The existence or even the anticipation of an uncertain economic and political environment by potential customers in the markets we operate in has affected the demand for our applications, caused pricing pressures for our products and increased customer requests for extended payment terms. We expect current conditions to continue in future periods, which could in turn materially reduce our liquidity.