Seeq Technology Coming Back.... Message Board

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Technology Stocks : Seeq Technology Coming Back....

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To: Mark who wrote (1462)	12/15/1997 11:53:00 AM
From: Brian G. Swift	Read Replies (2) of 2127

When do their tax losses end? My last conversation with Gary Fish, CFO, about tax losses I believe their NOL is over $100 mil. Yes they had some operating losses but the big losses came from their decision to go fabless. They took huge write-downs in closing down their fab. When do they get their money from Atmel? Each year Atmel releases some money out of the escrow account to SEEQ. There is about $2.5 million left and the escrow ends in 1999. Right now with $6.7 mil in cash and no debt, not counting the escrow cash, there is no pressing need for cash. They have a line of credit of $9-$10 mil unused at the moment Who is their fab supplier? Ricoh, TSMC, Samsung are the far east fabs and AMI is their local fab

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