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Technology Stocks : Zenith - One and Only

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To: Robert Utne who wrote (4377)	2/6/1998 9:27:00 AM
From: Robert T. Tasedan	Read Replies (3) of 6570

News release: << Friday February 6, 9:01 am Eastern Time Company Press Release SOURCE: Zenith Electronics Corporation Zenith Secures $30 Million in New Financing GLENVIEW, Ill., Feb. 6 /PRNewswire/ -- Zenith Electronics Corporation (NYSE: ZE - news) has signed a $30 million credit agreement with Credit Agricole Indosuez. This uncommitted one-year credit line is secured by LG Electronics Inc. (LGE), Zenith's largest stockholder. This new agreement is in addition to $80 million of financing, also supported by LGE, obtained by Zenith in late 1997. The company continues to seek other financing to support its plans. Zenith, based in Glenview, Ill., is a leading developer, manufacturer and marketer of electronic entertainment products. SOURCE: Zenith Electronics Corporation >>

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