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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: KENNETH R SANDERS who wrote (44641)	1/27/1999 10:55:00 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Ken, What is funny is that you see the Dell scam perfectly and somehow the data only makes it to your eyelids. <G> Here is the down and dirty from Aug to Nov that you and more importantly, Dell, cannot explain in any way that makes the co. seem moderately reflective of reality in their reporting: 1. Sequential revenues up 11.2%, or $487 MM. 2. Accounts Receivables up $357 mm or 19.8%. Golly, gee, Ken, doesn't that increase in receivables account for 73% of this "blowout quarter's" increased revenues? <G> 3. Ah, you say, days of sales in receivables are the key. Ken, they are up 8%. That is huge. What are revenue gains ex extending receivables? Looks like 3.2% instead of 11.2%. So, there is absolutely no question Dell accountant/future trustys "enhanced" last quarter's revenues. The only real question is what bit of chicanery will they use this time to fool the great unwashed? Will they expand days of sales in receivables even more, and hope the bulls still think the emperor is clothed? Or do they pull something else from their bag of cheap tricks that we have to dig out from their whoop-de-doo headline tall tales? Or, do they accidentally have a truly good quarter and report it honestly? Nah, that last one is too far-fetched to have any credibility. <G> MB