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Dec 9 4:00 PM EST

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To: Softechie who wrote (4005)	12/13/2002 11:06:22 AM
From: Softechie	Read Replies (1) of 29602

Saybrook's Rosenthal: UAL Bankruptcy Will Be Long Process 13 Dec 10:03 NEW YORK (Dow Jones)--It will take much longer than 18 months for UAL Corp. (UAL) to emerge from bankruptcy, Jonathan Rosenthal, partner at Saybrook Capital, told CNBC Friday. "It's going to be a long and painful process. It's going take them six months just to get their creditors organized," Rosenthal said. Saybrook Capital is advising some UAL creditors. Rosenthal said United Airlines has "a high cost culture" with high labor and asset costs that the company may have difficulty reducing. -By Andrew Gelfand, Dow Jones Newswires; 201-938-2007 (END) Dow Jones Newswires 12-13-02 1003ET

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