Proposed regulations on placement agencies, firms that connect investors to smaller funds, are also likely to reduce cash flows to the industry.Without leverage to juice up returns, the gap between the industry's best and worst performers will also become more apparent.
The revision was because of "weaker demand, contract renegotiation, reduced cash flow, geopolitical turmoil and increased resource nationalism," it said.
The revision was owing to "weaker demand, contract renegotiation, reduced cash flow, geopolitical turmoil and increased resource nationalism," it said.
Lenz's owner, Peter Carroll, lets the wine develop in the cellar for many years, tying up capital and reducing cash flow.
"The conference call was different this time," says Cynthia Brumfield of Broadband Intelligence, Bethesda, Md ."In the past it's been broadband, broadband, broadband; but this time, they played down broadband, and there was grumbling about reduced cash flow and increased expenses and discussion about getting costs under control.
To reduce a cash flow problem, the state will indefinitely hold $167 million in income tax refunds from 415,500 taxpayers, state officials said.
BCE Inc., Canada's largest telephone company, said reductions in the fees it can charge rivals for network access would reduce annual cash flow at its Bell Canada unit by 250 million Canadian dollars ($162 million).
In documents filed with the Securities and Exchange Commission yesterday, Adelphia said that its revised accounting would reduce reported cash flow by nearly 15percentt for each of the last two years -- down to $1.2 billion for 2001 and $1.04 billion for 2000.
The company said that although asset sales would help its liquidity, selling properties currently producing oil and gas could reduce its cash flow and the value of collateral used to back its debt.
The Dell committee in particular questioned Mr. Icahn's suggestion that the plan could be financed in part by drawing upon Dell's existing cash and the sale of its accounts receivable, saying that the move would reduce future cash flow.
