Word: elis
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...month International Harvester told its creditors that it would soon be in technical default on $4.2 billion in loans because its net worth would drop below $1 billion. Although the lenders could push the company into bankruptcy at any time, they are not expected to take that step. Explains Eli Lustgarten, vice president and analyst at Paine Webber Mitchell Hutchins Inc.: "The banks are in just as deep as Harvester, so they will likely come up with a new agreement...
...singles, Evans fell victim to a first-round upset, bowing to Eli Kathy Dalton, 6-4, 4-6, 6-4. Evans will probably capture the consolation championship today...
Second-seeded Captain Adam Beren, fourth-seeded Alex Seaver and fifth-seeded freshman Dave Beckman all bowed to their Eli opponents. Only second-ranked Warren Grossman managed a win, dispatching Yale's Alberto Franco...
Like many new fields in the early stages of development, there are now simply too many firms trying to capture the same market. These include new, well-financed companies like Genentech and Cetus, big drug companies like Merck and Eli Lilly, plus a host of smaller, undercapitalized firms. Observes Jonathan Ziegler, vice president of Sutro & Co., the San Francisco brokerage house: "There is duplication of effort on a grand scale in this industry. Probably 150 of the 200 companies are working on the same five products...
Because of the Eli's troubles, Harvard's stiffest competition for the EIBL crown should come from Navy and Cornell. The Midshipmen return with almost their entire 1981 team intact, a squad which finished only a game behind the Elis in the league...