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Technology Stocks : Aureal Semiconductor

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To: Eric mulay who wrote (1122)	3/24/2000 4:45:00 PM
From: Artslaw	Read Replies (1) of 1136

Noticed no one posted the annual report last night. biz.yahoo.com Summary: they lost a lot of money fighting Creative. Todays stock movement reflected that! Now I have to think if I want to get back in to AURL again at more reasonable levels, but it has all the problems it used to have: no coverage, no chance for NASDAQ listing, no institutional buying (due to market cap and share price) Oh, yeah, and there is this quote from the report: "Our financial resources are severely stretched to the point that we must seek an immediate capital infusion to continue our business," continued Kokinakis. "To that end, we have held discussions with multiple parties regarding a potential sale of our company or a significant capital infusion. Such discussions are continuing at this time, but there is no assurance that we will complete a transaction. Our largest shareholder has stepped in to provide interim funding through its acquisition from our prior lenders of, and funding under, our existing credit facility, although there is no assurance that this will continue." I honestly can't believe the stock didn't drop a hell of a lot more. This is just too risky to play. Anyone have any opinions? Steve

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