beats me, Thailand is just pulling bunnies out of a hat in the guess land. I'm not as hard with Dell, -1.25/q for ETS but +.525 for TDM etc (a reach, Dell bundling was 18.3, Dell revs were 22.2, I'm calling the diff upgrades going for 40% more) net loss about .75m.
COS 600k (serv margin better last couple Qs)
RD 5.5m
GM out, BASF BP and maintenance in, net -1.2m
SGA 9.2
serv .75
lic 7.2+1.2
loss 6.2, cash=fumes .. 0.7m, any relief from AR-AP not included
basically rev 9.2, exp 15.4, loss 6.2, cash 0.7
my loss flops from 6 to 6.5, I've lost track of BASF, have generally landed low on Q1 cash, but expect that they are selling into any volume. Next short numbers should be interesting. If short interest drops, then i think the ATM is doing the covering.
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