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Technology Stocks : Zenith - One and Only

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To: rd greer who wrote (318)5/30/1996 3:45:00 AM
From: Mr. Aloha   of 6570
 
rd greer, I was thumbing through Investors Business Daily...

and what did I find? May, 29 - A9

Zenith Electronics leapt $4 to $16.5. THE STOCK GOT A BOOST FROM RENEWED INTEREST IN THE "WIRELESS INTERNET ACCESS PLANS" announced by CAI Wireless Systems, Inc. Zenith has said it will develop a high-speed cable modem and will work with U.S. Robotics Corp.

Zenith's stock soared to 26 earlier this year and then fell back. The climb was triggered by its cable modem plans. The company has operated in the red for years. It makes televisions.

I suspected the push was the Dataquest cable modem report, others thought it was the Orlando conference, could it have been the CAI Wireless Systems, Inc. announcement? It sure could, now we all know Zenith makes cable and wireless set-top boxes.

If Zenith can move with wireless cable providers, that will be an unexpected bonus!

As far as I know the Helemano facility is still active. Is that the one in Wahiawa out in the cane fields with all the satellites?

Aloha

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