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Technology Stocks : Lanier Worldwide, Inc (LR) - Digital Document Management -- Ignore unavailable to you. Want to Upgrade?

To: Werlick who wrote (43)	5/8/2000 11:34:00 AM
From: Walter Morton	Respond to of 72

Thanks. The web site looks good. We'll see what happens: allscripts.com

To: Werlick who wrote (43)	5/18/2000 2:30:00 AM
From: Walter Morton	Respond to of 72

Lanier, Allscripts and Cquence mentioned in the same news release: Message 13730808

To: Werlick who wrote (43)	6/13/2000
From: Walter Morton	Respond to of 72

Lanier Worldwide Inc. Completes $200 Million Securitization Of Lease Receivables ATLANTA, June 12 /PRNewswire/ -- Lanier Worldwide, Inc. (NYSE: LR - news) announced today the completion of a $200 million securitization of its domestic lease receivables arranged by Banc One Capital Markets, Inc. and Wachovia Securities, Inc. This action is expected to save the company more than $2 million in interest in the first year. To date, $176.5 million of the $200 million has been funded. ``This is part of our plan to reduce the cost of borrowing and diversify our sources of credit,'' said James MacLennan, Executive Vice President and Chief Financial Officer. ``These funds will be used to pay down our $250 million term loan,'' he added. Since the time of the company's spin-off from Harris Corporation, Inc. on November 5, 1999, the company has reduced total debt by over $65 million from operations cash flow and improved cash management.