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 : LAST MILE TECHNOLOGIES - Let's Discuss Them Here -- Ignore unavailable to you. Want to Upgrade?

To: MikeM54321 who wrote (2186)	10/20/1998 8:04:00 PM
From: MikeM54321	Read Replies (1) \| Respond to of 12823

"A charge of $8.7 million for write downs on loans to competitive local exchange carrier customers also drew a negative response." Thread, I listened to CNBC's interview with Mory. He explained the above quite well, I thought. But I guess it wasn't good enough for others. He said simply, "We loaned money to vendors. We shipped $8.7M of product to them and we won't recognize the revenue until they pay us back fully." He said it's been standard practice since 1992 and all our competitors do it too. I wonder why everyone got so excited about this? Relative to $370M in sales, it's not even that much. But no one asked him about the core switching products. That would have been more interesting to hear him respond to. For some reason they kept bugging him about the loan. MikeM(From Florida)