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To: Softechie who wrote (54)	12/26/2000 3:02:19 PM
From: Softechie	Respond to of 2155

Geac Computer Says Credit Pact Has Expired, Continues Discussions Dow Jones Newswires NEW YORK -- Geac Computer Corp.'s $225 million revolving credit facility expired Friday. In a press release, the Toronto software and systems company said that after a Friday repayment of $5 million, about $60 million remains outstanding under the facility. Geac and its banking syndicate agreed to continue discussions regarding the credit facility during January. The company said that, in the next month, it plans no further acquisitions and will "focus its efforts on meeting the expectations of its customers." On Dec. 8, Geac reported a loss from continuing operations of 56.5 million Canadian dollars, or C$0.91 a share, on sales of C$203.8 million. The company said these results were "unsatisfactory." Geac named John E. Caldwell president and chief executive on Dec. 8. He was named to those posts on an interim basis on Nov. 3. Geac shares closed Friday at C$2.91, up C$0.50 cents.