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Technology Stocks : Mattson Technology
MTSN 3.6000.0%May 12 5:00 PM EST
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To: Ian@SI who wrote (2154)11/10/1999 9:30:00 PM
From: Ian@SI  Read Replies (1) of 3661
 
Sure hope this is a typo. ... either that or they fire the turkey that negotiated this agreement. :-)

NOTE 7 LINE OF CREDIT

The Company has a one-year revolving line of credit that expires in July 2000
in the amount of $15 million with Silicon Valley Bank. Under the revolving
line of credit, all borrowings bear interest at either a per annum rate of
200 percentage points above the LIBOR Rate, or a per annum rate equal to
Prime Rate.

Perhaps we can teach him the difference between a basis point and a percentage point. (i.e. - 2 orders of magnitude)
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