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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?


To: re3 who wrote (4343)7/26/1999 8:50:00 AM
From: Arik T.G.  Respond to of 5676
 
ike,

>> negative book value, you say ?
how would they pay their bills ?

Two more quarters like this and they won't.
Meanwhile they will have some of the money they raised from junk bonds and will probably use credit lines.
BTW - Some of the loss is not cash related but pure accounting. OTOH, stock option now don't look that good a surrogate for salaries.

ATG