Following its ghastly figures (see pages four and five), Conner Peripherals Inc is in technical default on some its debt, but is optimistic that it can resolve the problem with negotiations, saying lenders have given assurances that there would not be a problem rectifying the technical defaults; and founder, chairman and chief executive Finis Conner said he expects to stay on with the company for some time, dismissing speculation that he was leaving as just rumours.
