This was realeased Jan 17, 2003 the last paragraph sounds misleading right about now...............what do you all think?
Houlihan Lokey Howard & Zukin Advises SONICblue on Exploration of Strategic Alternatives
SANTA CLARA, CA – Jan 17, 2003 – SONICblue™ Incorporated (Nasdaq: SBLU), assisted by its financial advisor, Houlihan Lokey Howard & Zukin, is in the process of evaluating available strategic options in light of the amount of debt on the Company’s balance sheet. Among the various options the Board has authorized to be explored is the identification of new financial or strategic partners who might invest in, or acquire, the Company, its business units, or assets.
“SONICblue has improved its operational performance, and its new product lines are well poised for 2003,” said Gregory Ballard, the Company’s CEO. “The goal of this process is to clear the way for the Company’s businesses to continue their strong growth in the market, unburdened by the amount of debt now carried on the Company’s balance sheet. ” |
