Roughly 6 weeks assuming a static position, but if one strips out the one offs that were incurred which they have indicated will not be repeated, then it moves out to 8-9+weeks.
It is unclear how much in cash receipts they have already received so far from the HP Pros though they do state cash is already flowing in from what has been invoiced but that wont be reflected until the next 4C.
It would be very good if they provide an update this qtr as to how it’s tracking.
Very hard to know , one can play with assumptions all day. We don’t have enough data to get a sense of cash inflows vs invoicing. Then there is the OEM stuff which took up most of Friday’s call, something on that front, they wont need to raise at all.
It is a binary outcome, they will be raising or they won’t. We should know very soon. Place your bet.
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