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

To: Robert Utne who wrote (6318)	10/1/1999 10:25:00 AM
From: Robert Utne	Read Replies (1) \| Respond to of 6570

TIVO finance.yahoo.com Market cap of well over $1 billion, in spite of huge start up losses. This little start up, like Zenith, has some excellent proprietary TV technology. Also look at the market caps of General Instruments and Scientific Atlanta, competitors to Zenith in digital set top boxes. Both have market caps in the many billions of dollars with GIC, recently, being purchased by MOT for about $11.5 billion. These are comparable companies to Zenith, in many ways. Worst possible defense in Delaware court presented by KMZ and E&Y. They put all their eggs in the VSB patents and none in the remaining value of Zenith. Nothing of merit was challenged including the LGE lawyers' assertions that Zenith lost $300 million in 1997. Actually, Zenith had a small operational loss in 1997 with the vast majority of the "losses" due to drastic write downs of inventory, equipment and other assets. In 1998, practically all Zenith's "losses" were due to "restructuring" decisions orchestrated by LGE. Every action by the directors since LGE's control of Zenith has been detrimental to the value of Zenith and has been beneficial to LGE, at Zenith's expense. Coincidental? I sincerely hope that Judge Walrath closely examines the entire record of LGE's control of Zenith and allows me to initiate a derivative lawsuit in behalf of Zenith against LGE and the directors. LGE's alleged fraudulent actions against Zenith should not be whitewashed in Federal Bankruptcy court but should be first put to close scrutiny in Delaware Chancery state court for numerous alleged breaches of state corporate law.