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To: Chuzzlewit who wrote (60654)8/25/1998 9:53:00 AM
From: divvie  Read Replies (3) | Respond to of 176387
 
**OT** CPQ misleading shareholders:
Did you know that the WSJ had a report early in the year where they were questioning the growth rate of CPQ? I don't know if they still do it but CPQ factor their receivables. I.e. sell their future receivables to a third party at a discount. E.g. they get 90c to the dollar. Without these, earnings growth for 96 and 97 would have been flat.
Yes they certainly are misleading!