* To: SLUG@Sunset.AI.SRI.COM, the-usual-suspects@mc.lcs.mit.edu * Subject: Symbolics * From: TARPEY@RIVERSIDE.SCRC.Symbolics.COM * Date: Fri, 4 Feb 1994 05:59-0500 * Character-Type-Mappings: (1 0 (NIL 0) (NIL NIL :LARGE) "MEDFNT") * Fonts: CPTFONT, MEDFNT * Sender: Bell@RIVERSIDE.SCRC.Symbolics.COM DATE: Friday, February 4 FROM: Ken Tarpey, Symbolics President Chairman & CEO Concerning Symbolics, Inc. business condition, let me clarify the Company's status. We have encountered serious problems which may prevent the Company from completing our reorganization process. We are in discussions with our bank and Creditors Committee which will determine the final outcome for Symbolics. Our cash flow has deteriorated and a major layoff was implemented today. Shortly we will communicate the Company plans as soon as such plans are approved by the official creditor committee. Symbolics continues to provide service and sales to our customers. Both Chatsworth (818) 998-3600 and Concord (508) 287-1000 locations are open. Thank you.