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Technology Stocks : Enterprise Informatics -- Ignore unavailable to you. Want to Upgrade?

To: jackhach who wrote (2962)	12/16/1998 12:35:00 PM
From: jackhach	Read Replies (1) \| Respond to of 13797

FYI, ALTS will apparently be safe from creditors after it makes a $425,000 payment to Llyods by Janaury 15. It's UK (non-USA operations) subsidiary is on the hook for this. I know they continue to cut costs to pay this debt. I don't beleive it to be a question of if they will pay it, but what department/area will be most affected. It is likely to be the UK operations. I know San Diego is gearing itslf up for EB release and promotion -- and much more marketing/promo emphasis is being placed on US (North American) markets where the product has seemingly more immediate potential. The US distribution channel can introduce/bring product to market faster then in the UK and this is where they are headed. Forbearance from lenders thereafter continues until the end of May for the balance of ALTS's other debt. So they can operate with some level of fiscal freedom and simultaneously start drawing revenue back in (or at least have agreements)in as early as late January or the start of February. Costs are surely under control relative to revenues and continue, as stated, to head in a more favorable direction. Reception to EB will obviously be key. Where early indications are positive. Of course none of this takes into account any thoughts on a M&A or the like. -JH