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Subject: | UKNM: Financiers' thirst for cash |
From: | Neha Singh |
Date: | Sat, 1 Jul 2000 13:02:10 +0100 |
There was an interesting story on FT.com today regarding the reluctance of
financiers to throw money at new economy businesses.
"Except for the very best brands, companies that don't have a business model
that will generate cash in the next 18 months will be unable to find
financing. It's not a question of terms. It's just not available." says Mr
Kotlery, vice-chairman of Gilbert Global Equity Partners, a private equity
fund.
http://news.ft.com/ft/gx.cgi/ftc?pagename=View&c=Article&cid=FT3TG7FS2AC&liv
e=true&tagid=ZZZAN4NOD0C&Collid=Any
Thoughts??
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