Gilat satellite networks (GILTF) Message Board

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Technology Stocks : Gilat satellite networks (GILTF)

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To: Robert T. Quasius who wrote (326)	5/1/2002 1:35:42 PM
From: HGIII	Read Replies (1) of 350

$4.72/share in cash! Don't know where you're getting your info, but mine says they've got over $500M in near term debt (including $350M in bonds due in 2 or so years); non-positive cash flow; a market value of less than $60M; have sold off virtually all their hard assets (including sale-leaseback of their Spacenet headquarters); reduction in staff of approx 50%; and their employees all were recently forced to take an 11% pay cut. I know this company and industry intimately. IMHO opinion, I see a very bright light, right in front of them, and it ain't nirvana or the Star of David! Good luck!

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