News Article
Asyst Technologies Has Agreed A Deal With A US Commercial Bank Giving It A
Asyst Technologies has agreed a deal with a US commercial bank giving it a
$25mn credit facility. This will be combined with current balances of cash
and short-term investments and $20mn the company anticipates receiving for
certain inventory as a result of an outsourcing agreement. In total, the
company will have $120mn available in cash and short-term investments. The
company consumed $2mn in its Q1 ended June 2002 and $5mn in Q2. The company
anticipates its cash consumption will be at most $5-$10mn per quarter going
forward.
Asyst Technologies has agreed a deal with a US commercial bank giving it a
$25mn credit facility. This will be combined with current balances of cash
and short-term investments and $20mn the company anticipates receiving for
certain inventory as a result of an outsourcing agreement. In total, the
company will have $120mn available in cash and short-term investments. The
company consumed $2mn in its Q1 ended June 2002 and $5mn in Q2. The company
anticipates its cash consumption will be at most $5-$10mn per quarter going
forward.
$25mn credit facility. This will be combined with current balances of cash
and short-term investments and $20mn the company anticipates receiving for
certain inventory as a result of an outsourcing agreement. In total, the
company will have $120mn available in cash and short-term investments. The
company consumed $2mn in its Q1 ended June 2002 and $5mn in Q2. The company
anticipates its cash consumption will be at most $5-$10mn per quarter going
forward.