Announcing the most painful bind a company can get into in the normal course of business, rising losses on declining sales (figures, page seven) Advanced Logic Research Inc said its results reflect the impact of price reductions by our major competitors early in the quarter as well as the residual effect of the channel transition occurring in the US; the Irvine, California firm also said that during the quarter, it won a three-year, $15m revolving line of credit pact with Heller Financial to supplement, if needed, its working capital needs.
