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Technology Stocks : GateField (GATE)

GATE 36.05

-1.3%

Apr 1 12:00 PM EST

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To: Michael Greeley who wrote (3675)	5/25/1999 9:38:00 PM
From: Tom Shutters	Read Replies (2) of 4005

Actel shows us the money!!!! "Actel Provides GateField With $8 Million in New Funding" "With the Purchase of GateField's Convertible Note, Actel Corporation Raises Its Stake in Flash ProASIC(TM) FPGA Partner" ..."420,000 shares of Series ''C-1'' preferred stock of GateField. The $8 million note carries an annual interest rate of 5.22%, is secured by all of GateField's assets, and is convertible at Actel's option any time during the five-year term. Upon issuance, the Series ''C-1'' preferred stock would be convertible into 12,307,692 shares of GateField common stock at $0.65 per share"... biz.yahoo.com

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