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Technology Stocks : BORL: Time to BUY! -- Ignore unavailable to you. Want to Upgrade?

To: Michael Coley who wrote (8656)	1/21/1998 10:51:00 PM
From: shane forbes	Read Replies (2) \| Respond to of 10836

Michael I'll take a quick shot at (1). Working capital. One reason I did not invest in BORL back in early 1997 was the fact that net working capital was -ve. Not a good thing. Businesses can fail when working capital goes to -ve. easily. very easily. As of Sept. 30, 1997 if you remove the 25 mil from cash (ignore interest) current assets fall to 88 mil. Current liabilities are 76 mil. So the extra 25 mil cushion is useful. (There is also is LTD of 22 mil.) The total current assets of 113 mil (including 25 mil raised) covers the 98 mil. of total debt. A good thing. (And a quickie on (3) - as of yesterday called BORL and no date had been given on Denise's voice mail.)

To: Michael Coley who wrote (8656)	1/22/1998 9:36:00 PM
From: Del Yocam	Read Replies (1) \| Respond to of 10836

Thank you Michael: When going through a turnaround, I like to have approx. 6 months cash in the bank so that the question of viability or our ability to pay our bills becomes a non issue. And yes, my executive management team is, for the most part, in place. I will have one additional announcement within the next couple of weeks. Zack is great! We report next week. Del Yocam P.S. I am amazed at the amount of mail you guys have generated in twenty-four hours. Unfortunately, my time communicating this way is limited. Maurene, my assistant, will scan several times a week and if there is a general topic or question that comes up often, I will try to answer. I enjoy doing this; however, there are not enough hours in the day to cover all my bases. And I'm sure that you all want me to prioritize everything I do. And thanks for caring.