On December 1, System Software Associates, Inc., a global provider of enterprise resource planning (ERP) software and services, announced financial results for its fourth fiscal quarter ended October 31, 1999.
plan maintenance system
we execute our operating plan for the year 2000 and beyond. Cash balances at October 31, 1999 were $24.6 million, up from $18.0 million at July 31, 1999. During the quarter the Company borrowed $26 million under a $41 million credit facility closed during the fourth quarter with Foothill Capital, a Wells Fargo Company, and repaid $2.8 million previously borrowed under a bank credit facility. Cash was primarily used during the quarter to reduce accounts payable and for the scheduled interest payment on