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

To: Robert Utne who wrote (6303)	9/26/1999 6:27:00 PM
From: Robert Utne	Read Replies (1) \| Respond to of 6570

I find it incredibly naive that CalPERS believes that any company will bid for Zenith when LGE has totally decimated the company to the point that practically all that remains are a mountain of debt and patents that are pledged to LGE liens. Even more naive is that CalPERS has tried to reason with Zenith's directors and with LGE. The Zenith and LGE lawyers and directors must have had a good chuckle after reading the Chicago Tribune article, today. Either CalPERS and the rest of the Equity Committee haven't done their homework, are too timid to directly take on LGE or know something that I don't. CalPERS is widely known as the most effective of the investment funds in the advancement of proper corporate governance and unmasking and attacking corporate fraud. Time to walk the talk. Don't think that LGE isn't plugged into the American political and business scene. Zenith Restructuring honcho Bob Dangremond is listed as one of Clinton's long-time friends and has slept at the White House; Zenith Director Bob Helman works for a law firm that has provided pro bono legal work for Clinton's defense fund; one of the top ten contributors ($100,000 or over) to the George Bush Presidential Library is LGE Co-Chairman, Koo Bon-moo; and former Zenith CEO Jerry Pearlman headed the corporate fund raising during Clinton's first campaign for the Presidency. And, throughout the US business community, LGE's tentacles run deep. Also interesting to note that in the book Defining Vision, Joel Brinkley claims that no foreign CE company would purchase Zenith, when Bush was in office, because of White House pressure to keep Zenith American. The plot twists and turns, stay tuned.......