More from the 10Q. By the way, Am I good on when the cash would be gone? <G>
"The Company believes that current cash and marketable securities balances
will be sufficient to meet its anticipated cash needs for at least the next 12
months. However, any projections of future cash needs and cash
16
<PAGE> 17
flows are subject to substantial uncertainty. If current cash, marketable
securities and cash that may be generated from operations are insufficient to
satisfy the Company's liquidity requirements, the Company may seek to sell
additional equity or debt securities or to obtain a line of credit. On May 19,
1999, the Company filed a universal shelf registration statement on Form S-3
with the SEC which will permit the Company, from time to time, to offer and sell
various types of securities, up to a total value of $2 billion. The registration
statement was declared effective by the SEC on June 11, 1999. The sale of
additional equity or convertible debt securities could result in additional
dilution to the Company's stockholders. In addition, the company will, from time
to time, consider the acquisition of or investment in complementary businesses,
products, services and technologies, and the repurchase and retirement of debt,
which might impact the Company's liquidity requirements or cause the Company to
issue additional equity or debt securities. There can be no assurance that
financing will be available in amounts or on terms acceptable to the Company, if
at all." |
