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To: IceShark who wrote (32288)4/21/1998 12:40:00 AM
From: Kathleen capps  Respond to of 53903
 
Dan,

Without seeing real numbers, it's hard for me to make sense of it. But I suspect ammending this agreement is a method to avoid technical default this quarter. Note that the requirement for four consecutive quarters remains the same, which puts MU under the gun in future quarters. I don't know what effect the changing of the definition will have on that.

Will they have to get the bankers to agree to amend the credit agreement next quarter too? I just had a thought -- do you suppose this was what initiated the "credit watch"?

Katheen