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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: rogermci® who wrote (31002)	4/17/1999 4:02:00 PM
From: StockDung	Respond to of 122087

CYOE They made the note of third party lessor was involved. Beeman wanted to make a note of it in the third quarter because 92% of the sales were to Comdisco. They fired him on 11/13/98 because they wanted to cover it up. I must look at Concentric a little closer. Credit and Other Concentration For the year ended March 31, 1998, a third party lessor was involved in approximately 40% of net sales and Apollo Inc. accounted for approximately 19% of net sales (see Note 3). For the year ended March 31, 1997, Concentric Network Corporation accounted for approximately 94% of net sales and 92 % of receivables. The Company performs periodic credit evaluations of its customers' financial condition and generally does not require collateral other than, in certain instances, a perfected security interest in the related equipment. In addition, approximately 11% and 86% of inventories purchased during the years ended March 31, 1998 and March 31, 1997, were supplied by Sattel Technologies, Inc. ("STI"). However, the Company has established relationships with alternate suppliers such as Sanmina Corporation and I-PAC Manufacturing, Inc. and has assembled product itself in order to significantly reduce its dependency on STI.