Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (35678)	9/3/1998 12:03:00 PM
From: DiViT	Read Replies (1) \| Respond to of 50808

LIQUIDITY AND CAPITAL RESOURCES sec.yahoo.com Cash, cash equivalents and short-term investments were $196.8 million at June 30, 1998 as compared to $166.4 million at the end of 1997. Working capital increased to $218.0 million at June 30, 1998 from $208.4 million at the end of 1997. The Company's operating activities generated cash of $50.8 million in the first six months of 1998, mainly from operating income, reduced accounts receivable and increased accounts payable, partially offset by an increase in inventory. The increase in accounts payable primarily was due to receipts of inventory near the end of the quarter in 1998. Inventory increased to a level adequate to support future demand. Receivable days outstanding decreased from 41 days at December 31, 1997 to 37 days at June 30, 1998. C-Cube's investing activities, exclusive of the sales and maturities of $24.6 million and purchases of $5.4 million of short-term investments, used cash of $9.1 million, primarily for capital expenditures. Cash used in financing activities was $11.4 million, primarily from $17.5 million used to repurchase some of the Company's Convertible Subordinated Notes, partially offset by proceeds of $6.5 million from sales of stock pursuant to employee stock plans. Subsequent to June 30, 1998, the Company used $32.4 million to repurchase additional Convertible Subordinated Notes at an average of 89.1% of the principal amount, plus related accrued interest at the dates of repurchase. ------- Does it make sense to annouce that you're buying the bonds back? Why would one want to announce a demand and drive the price up, when you can have 'em at less than 90% of the principal? You called the bear. Can you call it's reversal?