Amsterdam-based Memorex Telex NV, now run from Irving, Texas has its hand out yet again. The company says it is looking into raising funds internally to help it invest in its networking systems and advanced services units. It needs incremental financing of between $25m and $50m from financial and strategic investors, and has been prospecting since November among banks, major shareholders and interested parties for the cash it needs to convert operations to providing networking and storage implementations from manufacturing and developing hardware. Whether it can raise internal or external financing depends on its operating results and prospects, and external financing would probably result in dilution of ownership to the existing shareholders.
