Ross Technology? Let's talk! Message Board

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Technology Stocks : Ross Technology? Let's talk!

RTEC 28.50

-0.5%

Oct 25 5:00 PM EST

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To: butch dowdy who wrote (414)	5/2/1997 9:05:00 PM
From: scott maragioglio	of 475

Butch, Ross is a division of Fujitsu, Fujitsu is securing the loans for DKB. At the time the loan was made it was known that Ross could'nt pay the loan by june. I'll breath a lot easier when we have more info and we find out the status of the loans. I personally find it hard to believe that Fujitsu secured the loans in the first place, and then let the situation fold. If you want a little good news, Ross has started to hire again (check out the Ross web site), They're marketing budget is ramping up, they brought in a new VP of sales who is supposed to have strong OEM contacts. Ross's Viper chip is still the most important part of the equation , also the possible broadening of the semi line with ASICs chips and embedded processors. With that said I woud'nt read alot into the delay in the numbers, but it is possible that they want to have the issue with the loan negotiations settled. I also think that they may be close to hiring a new CEO but Ross won't confirm that.

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