Arix Corp, San Jose says that the previously announced restructuring and operational changes will lead to charges of $14m to $16m in the fourth quarter of its fiscal 1990, leading to losses of $20m to $22m for the quarter, $31m to $33m for the year, and it warns that its ability to borrow funds under its existing bank line of credit will be reduced from the current amount outstanding of approximately $2.9m and it is seeking alternative sources of finance to plug the gap.
