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Technology Stocks : OMPT!!! -- Ignore unavailable to you. Want to Upgrade?


To: bob oserin who wrote (256)6/12/1998 9:44:00 AM
From: Randolph Gwirtzman  Read Replies (1) | Respond to of 531
 
I think that the smart money will recognize the extreme benefit of OMPT's debt reduction. According to OMPT:

''We will realize an ongoing savings of $21 million in annual interest payments,'' said Sparks, ''although here will be a
one-time $11 million charge to 2nd quarter earnings resulting from this election.''

Let's see: one charge of 11M, and annual savings of 21M. Seems to pay for itself immediately doesn't it? Reduced debt load, interest savings. I see NOTHING bad about that.