Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Read-Rite -- Ignore unavailable to you. Want to Upgrade?

To: Stitch who wrote (3695)	7/15/1998 10:56:00 PM
From: Bert Kuo	Read Replies (3) \| Respond to of 5058

I guess I've been away from reading this thread too long, can someone please update me, who is Mark Re? Also, what do you people think are the chances that the CC's rosy outlook (except for the part about demand) may have been substantially influenced by the fact that they are currently negotiating amendments to the $50mil debt covenant that they are in violation of and thus absolutely have to look good? They can't really screw around with the demand outlook, since everyone knows demand sucks right now, but their statements concerning their R&D success (such as the idea that they could overtake IBM(?) in GMR density) could be a different story, right? This was just a thought that came up after dozing through the CC... Oh, and one last thing... what exactly is a "revolving line of credit"? (Such as that also covered by the debt covenant.)