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To: Dennis R. Duke who wrote (4764)	4/26/1999 8:26:00 PM
From: CPAMarty	Respond to of 5058

short interest 4/15/1999 = 2,122,724 3/15/1999 = 2,699,492 % decrease = 21.4 What is your take on the cash thing? Dennis, i will have to get back to you after i listen to the CC tonight

To: Dennis R. Duke who wrote (4764)	4/26/1999 9:54:00 PM
From: patrick tang	Respond to of 5058

I'm not too worried about cash etc. The most important thing in my mind was - Do they have a business? i.e. Do they have the GMR licked? Since there are no discussions on this, can I assume that the GMR problem is under control and as such the company will move forward and the stock should recover some day. patrick note- long 3k shares at $6 1/4 today after I read the Samsung qual designed in and production ramp before end of Q.

To: Dennis R. Duke who wrote (4764)	4/27/1999 12:39:00 AM
From: CPAMarty	Read Replies (2) \| Respond to of 5058

The analysts asked about the draw down of the line of credit numerous times. It appears that your analysis is correct - looks like the line was increased while A/P decreased in the 3/99 quarter - i.e. they burned cash to prepare for GMR. The cash balance increase was due to the draw down of the line. Looks like the banks are behind them - John K earned his pay!! I will call Jane and ask her the question directly tomorrow - need a breakout of the line between 12/98 and 3/99 - still unclear if they used all of it. Bad news is that they didn't have more definite good news on GMR - i think they are behind the Japanese and are planning to catch up by 8GB, 2nd generation of GMR. I think that the next few days/weeks presents a buying opportunity.