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Technology Stocks : Breakaway Solutions Inc-(BWAY) -- Ignore unavailable to you. Want to Upgrade?

To: John Finley who wrote (168)	10/30/2001 5:22:11 PM
From: kinkblot	Read Replies (1) \| Respond to of 178

Hey, USIX may get some vulture capital from Bain. A letter of intent was announced October 11: siliconinvestor.com They're talking about $100M in two pieces, $75M plus another $25M if milestones are achieved. "The equity to be issued in conjunction with the recapitalization is expected to comprise most of the Company's equity." So, Bain will gain control. Good luck to the existing shareholders. In their earnings report tonight they say they've reached EBITDA breakeven for the first time, so maybe the last ASP still has a few gasps. Maybe the naysayers (USIX = U six feet under) are wrong, but I'm bite-shy and will keep my distance. WT