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


To: Knighty Tin who wrote (52990)3/22/1999 6:11:00 PM
From: yard_man  Read Replies (1) | Respond to of 132070
 
>>2. The PC industry may be in worse shape than even I imagine. <<

Impossible'!!! <vbg>



To: Knighty Tin who wrote (52990)3/23/1999 12:28:00 AM
From: GuinnessGuy  Read Replies (1) | Respond to of 132070
 
Mike,

"Receivables were up 8.6% Y to Y, which isn't much, but with revenues down 19.7%, I think there is evidence of a receivables
dump.
"

Add this to your hypothesis: Their reserves for doubtful accounts went down at the same time their receivables went up. Also, I believe that this may have boosted MUEI's earnings by a penny.

Craig