eric@amiga.UUCP (Eric Cotton) (03/04/86)
/********************** munch, munch, and a' that *************************/ In an effort to alleviate some of the confusion about Commodore I post the following official Commodore press release (from CBM, not me): This is for those of you who haven't taken the time to look away from USENET long enough to read a real newspaper :-) *start of release* COMMODORE ANNOUNCES NEW CREDIT AGREEMENT WITH BANKS West Chester, PA February 25, 1986 -- Commodore International Limited (NYSE - CBU) announced today that it has reached an agreement in principle with its major lending banks to establish worldwide credit facilities of $135 million through March 15, 1987. It is contemplated that the arrangements will be formal- ized and signed as soon as possible. "We have been working closely with our banking partners," said Irving Gould, Commodore's Chairman. "In a series of recent meetings, we reviewed our forward plans including our product strategies and the comprehensive cost reduction program already in progress." Mr Gould added, "We are gratified by the reestablishment of normalized credit arrangements and look forward to restoring profitability this year." *end of release * ------------------------------------------------------------------------------ Keep the faith. We're here to stay! Eric Cotton Commodore Disclaimer: I am an engineer here at Commodore and am not an official spokesperson for Commodore.