The annualized inventory turn rate at the end of the fourth quarter was almost eight times, compared to approximately ten times at the end of the fourth quarter of 1996. This change resulted primarily from increases in inventories of high-end wireless phones for Latin America and for the Company's fulfillment contract with Pacific Bell Mobile Services. The new facility was not drawn upon at November 30, 1997. Corporation is a global integrated wholesaler and retailer of wireless phones and other wireless communications products with operations in the United States, the Asia-Pacific Region, Latin America and the United Kingdom. This page only represents the views of the author and should in no way be taken as professional investment advice.
Stocks can go down as well as up.
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