Trikon Technologies - TRKN Message Board

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Technology Stocks : Trikon Technologies - TRKN

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To: Carl R. who wrote (33)	4/26/1997 9:54:00 AM
From: Zeev Hed	of 926

Carl: I think that the next shoe will include either a reduction in receivables to more normal levels of about $15 MM (if indeed they sell $23 MM next Q) with a write off of $10 to $13 MM in "uncollectabels", and write off on inventories (right now running at about a year of future sales at the same $23 MM sales per quarter). The banks have already increased the interest rate they charge, and TRKN did not inform us formaly that they are in defaults on their line of credit covenants, but they surely must be in default. I would say that the stock is still looking for a bottom, and this bottom will be under 3. Zeev

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