Compaq Message Board - Msg: 15304910

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Technology Stocks : Compaq

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To: PCSS who wrote (89520)	2/6/2001 10:52:36 AM
From: Elwood P. Dowd	Read Replies (1) of 97611

Glad CPQ didn't appoint "Chainsaw" Al as CEO! He certainly ruined Sunbeam. El Tuesday February 6 10:32 AM ET Sunbeam Files for Bankruptcy BOCA RATON, Fla. (Reuters) - Home appliance maker Sunbeam Corp. (NYSE:SOC - news), burdened by a heavy debt load and shareholder lawsuits, said Tuesday that it has filed for voluntary bankruptcy reorganization. The maker of Sunbeam appliances, First Alert smoke alarms and Coleman camping gear said all its operating units will conduct business as usual while it reorganizes under Chapter 11 bankruptcy. The company said its banks have agreed to provide it with a new $285 million line of credit, while it has also received a commitment from General Electric Co.'s (NYSE:GE - news) GE Capital Corp. for a new $200 million accounts receivable financing program for Sunbeam's domestic businesses.

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