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Technology Stocks : Vari-L (VARL)

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To: Kent Rattey who wrote (2653)	4/3/2001 6:33:43 PM
From: Labrador	Read Replies (1) of 2702

>>Rick Dutkiewicz, chief financial officer, said that in conjunction with the extension, the Company has agreed to make a $1.5 million payment to Bank One in consideration of Bank One's willingness to extend the term of the loan agreement. The total loan outstanding as of March 31, 2000 is approximately $6.7 million.<< Such a good deal for Bank One. That's quite a fee. ``We are pleased that Bank One has agreed to an extension,'' said Dutkiewicz. ``We continue to appreciate Bank One's cooperation during this transition period.'' How long is the transitional period supposed to last?

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