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Elmer Phud

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Elmer Phud

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Re: greg s post# 4110

Wednesday, 05/07/2003 3:19:08 PM

Wednesday, May 07, 2003 3:19:08 PM

Post# of 97637
greg -

This is very bad. Their debt rating was reduced to junk on Oct. 7, 2002. Now it is under review for a further downgrade (what? sub-junk?)

The obvious implication is the reaction they will get when they go looking for more funding. But hey! They beat Intel on some important benchmarks!!! Isn't that what really matters?


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