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Keith,

The balance of the inventory was attributed to the shutdown of industry in China until the passing of the Chinese New Year. I know nothing about this
holiday, but, apparently, all things shut down.

I live in Taiwan. Chinese New Year is like our Christmas holiday, except businesses all shut down... (I guess they aren't after those last minute presents).
It lasts about 15-20 days. I'm a bit confused about the timing of it in relation to last quarter. It is just ending now (2/18), which means it started around the beginning of February. How did this affect the quarter balance sheet?

I want to thank you for the informative post. I'm holding simply based on the impressive top and bottom line, to say nothing about the growth prospects.

I too think the A/R and A/P can be considered a wash. Worst case scenario, I'm even willing to accept a bad quarter of inventories. (How much of this could be from falling off of WWF demand?)

good luck to everyone,
Derek
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