Path: utzoo!utgpu!jarvis.csri.toronto.edu!mailrus!husc6!genrad!wsa
From: wsa@genrad.com (Bill S. Angevine)
Newsgroups: comp.sys.ibm.pc
Subject: Re: Leading Edge
Message-ID: <17608@genrad.UUCP>
Date: 23 Feb 89 15:07:25 GMT
References: <1861@mit-caf.MIT.EDU>
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Reply-To: wsa@genrad.UUCP (Bill S. Angevine)
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Organization: GenRad, Inc., Concord, Mass.
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In article <1861@mit-caf.MIT.EDU> vlcek@mit-caf.UUCP (Jim Vlcek) writes:
>A friend of mine told me today that Leading Edge is just about ready
>to go bankrupt.  Is this true?  Anyone have any details?
>-- 
>Jim Vlcek
>vlcek@caf.mit.edu
>!{harvard,rutgers}!mit-eddie!mit-caf!vlcek


	According to this weeks PC WEEK (pg 8) Leading Edge Products Inc of
Canton MA filed for Chapter 11 bankruptcy.  The article states that Leading
Edge holds $17.1 million in assets against $36.2 million in debt.  The $36.2
million includes the missing $11 million prepayment by Dealers for PC's that
were never delivered.

	In addition the FBI has started a probe into Leading Edge.

	"Other than that Mrs Lincoln, how was the Play?"

Bill

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