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


To: Robert Utne who wrote (6327)10/3/1999 6:18:00 PM
From: Frederick Smart  Read Replies (1) | Respond to of 6570
 
David Greising.....

>>ZENITH CASE SHOULD NOT GET A FAST-FORWARD
David Greising/Chicago Tribune/September 29, 1999
There was not much cause to give thanks at Zenith Electronics Corp. two Thanksgivings ago.That weekend was crisis time.

Glenview-based Zenith faced a $25 million bond payment, and did not have the cash.With no obvious escape, the company's majority shareholder, Korean giant LG Electronics, called the investment banking firm Peter J. Solomon Co. and asked for help.

That call, and the events that followed over the next four days, are the reason that a bankruptcy judge here considering Zenith's fate should throw out the company's controversial request for a prepackaged bankruptcy, and force Zenith to go through a normal Chapter 11 process.>>

Nice to see David coming to the table with a more realistic understanding of the truth behind this fraud.

Appreciate any of those who read this board who may have contacted David last month after his whitewash article.

Seems he's definitely seeing the light.

LG can't stand the light.

Peace.

GO!!