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Biotech / Medical : SAFESKIN -- Ignore unavailable to you. Want to Upgrade?

To: Michael G who wrote (413)	10/30/1998 10:21:00 AM
From: Beltropolis Boy	Respond to of 828

Hell, I hope it doubles over the next 18 months! It only took 60 days for it be cut in half (from 40 to 20). Where did this piece of information come from? michael. fwiw, i culled the DLJ reiteration from the motley fool SFSK board. here are some comments on yesterday's action from CFO morash. ----- David Morash, Safeskin's executive vice president and chief financial officer, said "things have never looked better" for the company. "Unfortunately, some people can see a cloud in any silver lining," Morash said. "We have historically been a high growth company. We continue to grow rapidly. We expect to continue to do that going forward." Morash said the increase in accounts receivable was corrected within two weeks of the end of the quarter and inventories were high in part because the company launched a major selling effort in the quarter. "We've been extremely successful in bringing in new business," he said. news.com