Re: haemorrhaging cash?

Their most recent quarterly earnings statement says:

Cash, cash equivalents and short-term investments were $1.25 billion on March 28, 2008, compared to $751 million at the fourth quarter ending December 31, 2007.

Which means that even though there was a net loss of value (company value, not money) according to the tricky accounting rules, the company increased its cash flow. Since the comment was about hemorrhaging cash I thought that stating its cash performance was more relevant than its "net worth".