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Technology Stocks : RadiSys Corp -- Ignore unavailable to you. Want to Upgrade?


To: Sir Auric Goldfinger who wrote (1434)8/15/2000 4:42:54 PM
From: RockyBalboa  Read Replies (1) | Respond to of 1472
 
Some do not fly!


Amazon-backed Living.com closes its doors
By Troy Wolverton
Staff Writer, CNET News.com
August 15, 2000, 1:30 p.m. PT
Amazon.com-backed Living.com today said it has closed its doors, laid off 275 employees, and will file for bankruptcy.


Amid rumors circulating about its future, the online home furnishings store closed its site to incoming orders, saying in a news release that it will file for Chapter 7 bankruptcy.

"The decision to close our store was an extremely difficult one," Shaun Holliday, chief executive of the Austin, Texas-based company, said in a statement. "Despite our employees' tremendous efforts and the loyalty of our customers, the recent downturn in the capital markets has substantially impaired our ability to raise the capital required to achieve profitability. After exhausting all apparent alternatives, we have no choice but to file Chapter 7."

yahoo.cnet.com



To: Sir Auric Goldfinger who wrote (1434)8/15/2000 7:24:35 PM
From: dylan murphy  Read Replies (2) | Respond to of 1472
 
I looked at your profile and saw you were a short seller. What a surprise. I've always thought this was a stock you could play the short and long side and probably make out if you were a nimble trader. Big swings here at times. However if you plan to hold this down single digits then you may be in for a lot of pain. This is a solid company with good earnings, pristine balance sheet, sells to big name companies that pay their bills, and has a strong relationship with Intel.

Intel owns 10% or so of RSYS. It's not in their best interest to see RSYS hurt. On the contrary it's in their best interest to see their investment double or triple in the next few years. Do what you want, shave a few points here and there but understand what your up against.