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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 147.44-0.6%Nov 17 3:59 PM EST

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To: michael c. dodge who wrote (6060)6/28/1998 6:28:00 PM
From: Katherine Derbyshire  Read Replies (1) of 10921
 
>>All of that debt is not
unsecured, and some of the collateral has some value.<<

I'm sure someone more knowledgeable will correct me if I'm wrong, but I think part of the problem is that much of the collateral is still on the books at real-estate boom (late 80s) prices. Haven't these people ever heard of margin calls?

Katherine
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