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Technology Stocks : Zenith - One and Only

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To: Robert Utne who wrote (3759)	12/26/1997 9:56:00 PM
From: Scott Lerner	Read Replies (1) of 6570

FYI: I will be going to Vegas for CES! I felt that I owed it to my clients as well as myself to, in my most banal lingo, "go kick the old girl's tires". I will be checking out how ZE carries themselves first hand. If anyone is interested in getting together out there, I will be at Treasure Island on the 8th and 9th. I will only be in Vegas for two days. That should be long enough. On a side note, pretty good volume over the last two half days! Good accumulation. I feel pretty good that a bottom has been made. We are in real good shape for the "mother of all squeezes and January effects". Kind of like a January Effect Squared. I don't think that I posted this earlier: Kevin at Zenith faxed me an article from Crain's Chicago Business Online about ZE and the S&P downgrade. It was SO SO SO SO much more objective than that Crap that S&P issued. It talks of LG having only 1 billion of US dollar denominated debt. This is very low for a huge conglomerate like LG. It basically says that unless the Korean government forbids LG to support ZE, LG will firmly be behind ZE all the way. I will try to post excerpts if I get a chance. You can access Crains from the net, but it is a subscription publication. It was kind of interesting that the morning of the Societe Generale financing, Kevin called me first thing to ask if I saw the PR wire. He was kind of reassuringly positive about their financial situation and kind of contempuous of S&P for the downgrade even though S&P themselves confirmed that it is true that LG is one of the strongest of the Korean Companies! Just remember that ZE's downgrade was inspired by S&P's responsibility as a bond rating agency, and this downgrade DOES NOT TAKE INTO ACCOUNT ANY POTENTIAL REVENUES MORE THAN 3 MONTHS AWAY. S&P is only concerned about the present and in that respect ZE is kind of hurtin'. Hope to meet up with many in Vegas, Scott

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