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To: orkrious who wrote (204285)11/12/2002 10:21:18 PM
From: orkrious  Read Replies (2) | Respond to of 436258
 
this ought to be worth a gap up in the morning. and this stock sells for eight bucks. how come news like this doesn't happen on the crap I'm short?

Herb Greenberg
RFMD in Default on Synthetic Leases
11/12/02 08:01 PM ET

RF Micro Devices (RFMD:Nasdaq) discloses in its 10-Q today that it's in default on its synthetic leases. The outstanding obligation is $86 million. The company has received a waiver from its lender until Nov. 20. Paying off the debt will put the company in a negative net-cash position. The company currently has $337 million in cash and $295 million in debt.
na



To: orkrious who wrote (204285)11/12/2002 10:48:09 PM
From: Win-Lose-Draw  Respond to of 436258
 
iow, he doesn't have a clue. eom.