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Microcap & Penny Stocks : All American Semiconductor (semi) -- Ignore unavailable to you. Want to Upgrade?


To: kenteen who wrote (916)10/10/2000 2:39:07 PM
From: Arthur Tang  Read Replies (1) | Respond to of 952
 
Today SEMI announced new extended credit facility up to $150 million until 2004.

This is belated since On Semiconductor was signed September 27th and SEMI has responsibility to stock complete line up of On Semiconductor products.

The extended facility may have to be revised again soon when revenue exceeds $750-800 million annual sales. We just have to wait and see.

Personally, I have seen this coming and hope that SEMI can reach $1 billion annual sales rate next year.