Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Vari-L (VARL) -- Ignore unavailable to you. Want to Upgrade?

To: Labrador who wrote (2656)	4/4/2001 9:34:06 PM
From: Labrador	Read Replies (2) \| Respond to of 2702

I stand corrected. Vari-L filed with SEC and the amount was in fact a principal paydown.

To: Labrador who wrote (2656)	4/5/2001 8:46:16 AM
From: Francois Lavoie	Respond to of 2702

>>I'd say doubtful. Not the way the release is styled. A principal paydown [in general] is not a big deal. << Well, a principal paydown might not be a great deal for many companies, but for VARL who had cash reserves of 7.5 M (last 10-Q), I does hurt. I find it bad that VARL had to burn this cash for a down payment, while already facing big accounting charges. I hope we don't run out of cash. BTW, it's the third time Bank One asks for a downpayment. LOAN balance Sep 29,2000 - 1.6 M 9.9M "agreed to pay higher rate" Dec 20,2000 - 1.1 M ?.?M "agreed to pay prime+2%" Apr 3,2001 - 1.5 M 6.7M Cash=6M after payment ? Cash is king and VARL is running out of it if Bank One continues to ask for a downpayment each Quarter. See where we're going if this table continues ? Financing ? Bankruptcy ? Still hoping for the best, Francois