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Technology Stocks : Zenith - One and Only
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To: Robert Utne who wrote (6555)2/4/2003 12:58:13 AM
From: MJ  Read Replies (2) of 6570
 
Bob

Here we are a year and half after your message. Just opened up Feb. 17, 2003 copy of Forbes to the article "Ends And Means" on LG Electronics----- with a picture of John Koo dressed for his camera shot like an American politician that he is not.

Justin Doebele titles the article "Ends and Means---Is the restructuring of LG aimed at benefiting investors --or its family owners?"

In the latter part of the article we read about Zenith digital to be marketed here by Koo. What a charade!!

Koo and company took over Zenith by acquiring slightly more than 51% of the stock and then proceeded unexpectedly to declare bankruptucy the following year.

The bankruptcy judge ruled against American stockholders and we saw another American company consumed along with its patents!

A rhetorical question ---what do you think the answer is to Doebele's question----"Is the restructuring of LG aimed at benefiting investors--or its family owners?'

IMO the answer is obvious to those of us who fought the battle for Zenith---------investors will not benefit!! Zenith was one of the first Enron and WCOM ocurreneces. It is just that Zenith never made the news like ENRON and WCOM. American families lost greatly with the taking of Zenith.

Memories are short so it doesn't matter what I write here----except that I hope that investors on the SI threads will not be taken in by Koo. And, if they do decide to take the risk with Koo then they should read the archives of the Zenith thread and be forewarned.

mj
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