|
|
|
DSL Reduces Cash Burn
|
Business New Haven
7/9/2001
By: BNH
|
NEW HAVEN - DSL.net, Inc. (NASDAQ NM: DSLN),initiated a revised operating plan. under which Company expects that it will need less than $40 million of additional capital to achieve a cash flow positive position, and expects to reduce cash burn to less than $4 million per month by the fourth quarter of 2001.
As part of its revised plan, the Company is reducing its workforce by approximately 90 employees and plans to reduce its number of operational central offices (COs) by approximately 250. The Company expects that the CO closures will have minimal impact on its current customer base, adversely affecting less than five percent of its customers.
The Company still expects to meet or exceed its prior second quarter guidance, which was issued on May 1, 2001, excluding estimated restructuring charges of $25 to $30 million during the second quarter of 2001.
|
Go FirstGo PreviousGo
NextGo LastGo
to Index
|
|
