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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: Afaq Sarwar who wrote (9277)	6/6/1998 11:13:00 PM
From: blankmind	Respond to of 23519

- Latest 10Q on Edgar shows about $45 million on hand - not $13 mill. <S> <C> <C> Current assets: Cash...................................................... $ 3,897 $ 6,161 Available-for-sale securities............................. 9,038 52,955 Accounts receivable....................................... 16,922 11,791 Inventories............................................... 11,675 9,084 Prepaid expenses and other assets......................... 1,971 1,636 -------- -------- Total current assets.............................. 43,503 81,627 Property and equipment...................................... 41,901 36,462 Available-for-sale securities, non-current.................. 31,270 32,580 -------- -------- Total............................................. $116,674 $150,669 ======== ========

To: Afaq Sarwar who wrote (9277)	6/6/1998 11:38:00 PM
From: RCMac	Respond to of 23519

Afaq, On the change in VIVUS's cash position, see the April 9 press release concerning first quarter results: "Cash, cash equivalents and available-for-sale securities at March 31, 1998 totaled $44.2 million, compared with $91.7 million at December 31, 1997. The $47.5 million decline in cash resulted from several factors, including the Company's repurchase of its common stock ($23.6 million), capital spending associated with the new manufacturing facility, payment [$5 million] of the lawsuit settled in the fourth quarter of 1997 and payment of 1997 sales commissions." "In addition, the Company shipped approximately $16.5 million of its first quarter product revenues in the month of March, resulting in accounts receivable of $16.9 million at March 31, 1998, approximately $5.1 million higher than December 31, 1997. Inventories increased $2.6 million almost entirely due to increased work-in-process. Property and equipment at March 31, 1997 increased by $5.4 million from December 31, 1997 primarily resulting from additional costs associated with the Company's new 90,000 square foot production facility in New Jersey and its new corporate headquarters. " The full release is at go2net.newsalert.com -- RCM