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 : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Marc Slovak who wrote (12052)	10/8/1998 4:23:00 PM
From: Dave Yenne	Read Replies (1) \| Respond to of 14631

Marc, re-read what I wrote. I said working capital. Here's the information from the filed 10-Q. Current assets: (numbers in 000's) Cash and cash equivalents $ 8,891 Short-term investments 13,608 The report futher states: "The Company believes that its current cash balance and the expected cash flow provided by operations, if any, will be sufficient to meet anticipated working capital and capital expenditure requirements at least through December 31, 1998. Thereafter, the Company may find it necessary to obtain additional debt or equity financing. There can be no assurance that, in the event additional financing is required, the Company will be able to raise such additional financing on acceptable terms or at all." How is this misleading is not the working capital (cash on hand) $8.9MM. These are also Q2 numbers. We don't know what the numbers are for Q3. I would assume them to be much lower or why would Redbrick agree to a sale. Earlier today one of the larger RedBrick investors came out against the merger. I think this is a ploy to get Informix to up the deal. New Valley Corporation Calls Proposed Informix Stock Swap for Red Brick Systems "Grossly Inadequate" biz.yahoo.com Please do not accuse me of things that are not true.