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Technology Stocks : Zenith - One and Only

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To: Robert Utne who wrote (3495)11/29/1997 2:00:00 PM
From: Dennis W  Read Replies (3) of 6570
 
I just finished the Business Week article "The Best and Worst Boards." I agree with you, Bob, that Zenith needs someone on the board who owns a substantial number of Zenith shares and is active, critical and independent. In my view, that person is likely to be most passionate and work the hardest for the best interest of all shareholders. And if that person is someone who acquired shares with his or her own hard-earned money, so much the better. I'd like to see all board members own a substantial number of shares purchased with their own money. Sure would like to read some reports about heavy insider buying at Zenith.

I wouldn't be interested in buying a house from a real estate agent who doesn't believe in owning real estate. And I wouldn't be interested in buying stock from a stockbroker who doesn't own stock in any company.

It would be exhilarating to hear a statement from the new CEO affirming a powerful and passionate commitment to enhance shareholder value.

Patient Zenith investors who have held on over the years have lost out on a large part of the current bull market. Lost opportunity costs can be very expensive indeed.

It seems to me that a high share price would be in LGE's best interest. LGE might be able to sell off a small portion of their holdings to recoup some of their investment. And a strong and rising stock price might enable the company to issue new shares to provide capital for expansion, acquisitions, R & D, advertising and debt reduction.

Seems logical to me.
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