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Technology Stocks : Zenith - One and Only -- Ignore unavailable to you. Want to Upgrade?

To: dch who wrote (6298)	9/25/1999 9:42:00 AM
From: Robert Utne	Read Replies (1) \| Respond to of 6570

You got that right. LGE has the committee just where they want it; tied up with confidentiality restrictions and picking at straws in the wind. I wasted too much time with these legal dilettantes on conference calls and taking trips to Chicago to sit around conference tables listening to the lawyers discuss the French Riviera and what best restaurants to sip their $100 bottles of wine. All they did was send memos back and forth and other naive undertakings to get LGE to "play fair". The business professionals at E&Y, at least, worked their butts off for the committee. I should have spent more time talking with former Zenith employees, many of who are third-generation, Zenith employees with no company pension plan to fall back on and all their retirement money tied up in worthless Zenith stock. What the committee and their legal counsel failed to understand is that to win this war, exposure, public condemnation, shame and chastisement are the keys. How can you expose numerous instances of self dealing fraud if you've signed away all your rights of freedom of speech? Expose the fraud and place shame were shame is due. Then, Zenith may have the opportunity of a new life free from the self-dealing tactics of LGE. I heard that LGE and Zenith have entered into recent agreements to spend massive amounts to advertise in the New York Times, BusinessWeek, Chicago Tribune, etc.. The financial and national media have totally shied away from any investigative reporting of this situation. Wonder why? Have they forsaken their responsibility of serving the informational needs of their readers first, no matter who is paying for the big ads? I'll keep you all abreast of the court proceedings. What I'm particularly interested in is documented evidence of alleged LGE self dealing. You can reach me at bobutne@aol.com

To: dch who wrote (6298)	9/25/1999 11:45:00 AM
From: MJ	Read Replies (1) \| Respond to of 6570

dch I am not a legal expert, just an ordinary stockholdr. I do have a reasonable amount of experience in my adult life which I can logically apply to this. Confidentiality does what Bob Utne referred to----it makes it so the Committee or anyone who agrees to confidentaility cannot talk about a question or issue. That means that the truth can be known but not talked about. Sometimes confidentiality is agreed to in order for one party to obtain a solution which is not the best solution---only a partial solution. Somewhere along the way I recall hearing that letting a Committee be formed would give the appearance of fairness in these proceedings. LGE can then say "Oh we were fair. We gave you the Committee so the common shareholders can be heard." Then the Committee is heard and then is ignored. One of my areas of expertise is local politics. In local politics the Dems and Repub. regularly argue over Fair Campaign Practices and want a Committee made up of representatives from both parties to monitor campaign practices, allegations, fundraising, who said what about whom. Request for the Fair Campaign Committee often comes from the party that has an agenda in knocking down the other parties candidates. And, then the media becomes involved----highlighting allegations and why this need for this committee. Sometimes the ploy for the formation of a Fair Campaign Committee works and sometimes it doesn't. Ultimately, the voters make the decision on election day. In the Zenith case------we the voters "the ordinary, minority shareholders" will not get to vote at the polls. The bankruptcy filing has eliminated any vote by the minority. Parliamentary procedure was originally designed to protect the rights of the minority as has the legal system in the United States been designed to do so. I am hopeful that the honorable judge will see the efficacy of protecting the rights of the minority shareholders and workers by giving us a ruling which will recognize the rights of the minority to share in the largess of Zenith's technology which is obviously coming to fruition. Thanks, again Robert Utne. mj