Troubled supplier Breed Technologies Inc. has convinced its lenders to allow an additional three months to get its financial house in order, a significant challenge given its massive debt load — totaling $898 million at the end of fiscal 1998. Breed's 1999 fiscal year ended June 30, but it will be at least a month before results are disclosed. The company reported net losses of $368 million for all of 1998 and $234 million so far in fiscal 1999. But Breed may have managed to slow the ...
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