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North Face Stock Plummets

April 7, 2000

SAN LEANDRO, Calif. (AP) _ The North Face Inc.’s stock tumbled Thursday on news that the sportswear and outdoor gear company may be forced to seek bankruptcy protection.

In a three-paragraph statement, the company acknowledged that its financial condition raises ``substantial doubt about its ability to continue as a going concern.″

North Face shares fell $2.47, or 67 percent, ending at $1.22 on the Nasdaq Stock Market.

The company said there is no guarantee it would be able to follow through on any of the recovery alternatives it is exploring.

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