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To: AlienTech who wrote (26856)12/10/1999 4:04:00 PM
From: John J H Kim  Read Replies (3) | Respond to of 43080
 
Went long on MATH, got in just before close.



To: AlienTech who wrote (26856)12/10/1999 9:48:00 PM
From: computer_doc  Read Replies (3) | Respond to of 43080
 
DOCI Still Lives
"Message #26856 from AlienTech at Dec 10 1999 3:55PM
Well DOCI gets bid up to over $6.00 today before everybody realizes that DOCI is in bankuptcy and the Judge has already ruled that the shareholders get NOTHING! "

My Thoughts

I cannot find anywhere where is says a JUDGE has ruled on anything or that there is a SIGNED agreement. I read it to say that if the restructuring does not go well then this agreement COULD come to pass. But it appears to me that the restructuring is going very well.
Nor can I find where they are in Bankruptcy
Excerpts from news releases. Note the use of IN PRINCIPLE, the use of WOULD and the use of HOWEVER all denoted by ((()))

DECISIONONE CORPORATION REACHES AGREEMENT ((IN PRINCIPLE )))
WITH BANK GROUP ON DEBT REDUCTION

FRAZER, PA, August 2, 1999 ? DecisionOne Corporation today announced that it has reached an agreement (((in principle)) with its bank lending group on the restructuring of its indebtedness.

Under the terms of the agreement, the bank lending group (((would))) exchange approximately $523 million in existing indebtedness for 95 percent of the company?s equity and $250 million in new senior secured bank debt. The agreement further provides that the holders of the company?s 14% Senior Notes due 2006 would exchange their Notes for warrants for 7 percent of the company?s fully diluted equity. The warrants are exercisable at a total DecisionOne equity valuation of $100 million. The 14% Notes are held by DLJ Merchant Banking Partners II.

The holders of the company?s 9-3/4% Senior Subordinated Notes due 2007 would exchange their Notes for 5 percent of the company?s equity. Neither the holders of the 11-1/2% Senior Discount Debentures due 2008 issued by the company?s parent, DecisionOne Holdings Corp. (OTCBB-DOCI), (((nor))) the holders of the common stock of the parent (((would)))) receive any distribution under the terms of the agreement.

ALSO

DECISIONONE ANNOUNCES RESULTS FOR FOURTH QUARTER
AND FULL YEAR ENDED JUNE 30

-Company Says Progress in Expense Management Positively Positions Restructuring Efforts -

FRAZER, PA, December 7, 1999 - DecisionOne Holdings Corp. (OTCBB: DOCI) today announced financial results for the fourth quarter and year ended June 30, 1999. The company said the quarter was highlighted by significant progress in reducing operating costs, positioning DecisionOne to complete its restructuring and emerge as a vibrant, low-cost competitor.

As previously announced, on August 2, 1999, DecisionOne reached an agreement (((in principle))) with its bank lending group on the restructuring of its indebtedness with that group.

Notes to Condensed Consolidated Financial Statements

(1) On August 2, 1999, the Company reached an agreement (((in principle))) with its bank lending group on the restructuring of its indebtedness. (((However))), the bank lending group had previously waived certain financial covenants through July 29, 1999. Accordingly, the bank lending group has the right to declare the respective outstanding loan amounts immediately due and payable and seek to exercise remedies, including foreclosure on the collateral securing such amounts. (((This has not occurred as all parties currently are engaged in the process to complete the restructuring expeditiously.))) As such, the Company has reflected all such loan amounts as current liabilities as of June 30, 1999.

Jim

PS If I missed some report that states a Judge ruling on a banckruptcy over DOCI please provide a Link
to said report.