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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: lifeisgood who wrote (2363)10/22/2000 1:37:20 PM
From: Tom Hua  Respond to of 19633
 
LIG, re: STEC, thanks for your assessment, I appreciate it. When I bought STEC, my intention was to hold it until before or soon after earnings and underwriters coverage. And until I've a chance to digest the CC, that's my position.

They have high debt and little cash

Not anymore, with about $70 MM from the IPO proceeds, outstanding balance under the credit line ($22.6 MM) was paid off. The company now has substantial amount of cash for working capital.

Regards,

Tom


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