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Microcap & Penny Stocks : Emerson Radio Corp (MSN) -- Ignore unavailable to you. Want to Upgrade?

To: flyintigress who wrote (2883)	8/17/1999 2:05:00 PM
From: John D. Morrison	Respond to of 3501

I thought the deal with Daewoo was dead. Even if Daewoo is out of the picture, there are plenty of other companies out there that might find Emerson an attractive buy just for the brand name recognition. Once the deal with Oaktree is finalized and the litigation is all settled Emerson will be a much more interesting acquisition target for somebody like Matsushita, Philips, GE, or one of the other big firms. We wait . . . John M.

To: flyintigress who wrote (2883)	8/17/1999 5:10:00 PM
From: Tony Rome	Respond to of 3501

TIGRESS Thanks for posting the news about Daewoo.I accessed their Web Site and read the article. It's sad to read about a company as big as Daewoo breaking up and not being able to successfully restructure. It's sad but we must think of our own position in MSN,and as John says there are other companies out there.I'm sure there will other alliances forthcoming, and when the recent happenings are finalized,we should see a price appreciation in MSN. Once again we wait and by now we should all be used to it. I just hope the wait will be worth it and maybe all the posters on the board can start a new Web Site entitled "KEEP THE FAITH". and ALLEN can be the MC. I hope this post takes,since this is the second time I typed it the web ate my last post,so excuse me if it appears twice ============TONY ROME============ P.S.=====By the way,GYM filed an amended 10q[10qa]a little while ago if anyone is interested.

To: flyintigress who wrote (2883)	8/18/1999 1:16:00 PM
From: Tony Rome	Read Replies (2) \| Respond to of 3501

TIGRESS AND ALL I did a follow up on Daewoo, since it is a part of Emerson's bottom line.They are still trying to restructure and it is business as usual for the time being.Below is a part of the most recent press release on the matter. Looks like we are still in the ball game for now. Daewoo Asks Foreign Creditors to Delay Debt Repayment Seoul, Aug. 18 -- Daewoo Group asked Chase Manhattan Bank, HSBC Holdings Plc and dozens of other foreign creditors to delay repayment of $6 billion in debt, even as a French bank threatened to scuttle its restructuring efforts by suing the ailing South Korean conglomerate. In the first meeting with international creditors since the extent of its debt crisis surfaced last month, Daewoo executives said it will keep paying interest, thought it can't repay principal. The three-hour meeting ended with 140 representatives from 69 foreign creditors agreeing to form a nine-member steering committee to lead future negotiations. ========TONY=========