CARRIER ACCESS (CACS)

[Kirk]

Offering raised $78.5M and is completed.

The 10K released today says the offering was completed in Feb and raised $78.5M

($78.5M/$12.25 = 6.28M shares)
http://biz.yahoo.com/e/040330/cacs10-k.html

I don't recall reading anywhere that the offering was completed before today.

Other points I got from the 10K
->GMs might go up in 2004
->No income taxes will be paid in 2004 due to losses carried forward (good news for EPS)
->Working off more inventory
->Interest income from cash while they decide what to do with it.

I think this should be taken as good news. I'm interested in what else in the 10K seems material to others.

The stock seemed to shoot up and that alerted me to check to see if news of a completed offering was made... Sure enough!