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

To: stilts who wrote (6349)	10/7/1999 8:50:00 AM
From: Robert Utne	Read Replies (1) \| Respond to of 6570

True, Zenith has been decimated in the transition from an analog-based consumer electronics and network systems manufacturer to a digital-based company. Transitions are never easy nor cheap. I've seen Zenith's state-of-art production facilities in Chihuahua, Mexico where it manufacturers digital set-top boxes and integrated receiver decoders for Americast and News Corp. This operation, alone, has the potential of a multi-billion dollar business. I'm also aware that LGE has firm plans to take all of Zenith's HDTV technology to China where it plans to manufacture HDTVs for the American market. Wonder how Rich Citta, the Zenith engineer who invented 8-VSB, loves those apples... The basic issues, however, involve fair corporate governance and the precedent-setting nature of the LGE "restructuring" of Zenith. To whitewash this case in Federal Bankruptcy court will weaken our ethical values and economic strengths. As previously stated, this would be a very dangerous precendent if allowed to proceed. It would give the green light to all corporations around the world that the best way to acquire an US corporations is to control the company's board, weaken it through self-dealing acts, become the sole unpaid creditor and go to Bankruptcy court to acquire 100% ownership.

To: stilts who wrote (6349)	10/7/1999 3:08:00 PM
From: NRugg	Read Replies (1) \| Respond to of 6570

I can relate one other strange phone call concerning Zenith this one in late March of this year. I had a call from someone who said "This is Mark[?] from [my broker firm]. You should convert your Zenith bonds to stock before April 1st, they will become worthless after that date." He hung up. My broker is a discount firm, they had never called me before or after with investment advice, let alone such a totally wrong one as this. I called back to try to locate Mark, or maybe he said Matt, but could not locate anyone who knew of such a call. It was not the person who had called me from the Pennsylvania Merchant Group, I am sure of that. But I wonder if there was some person or group trying to get bondholders to get rid of their bonds? I reported this incident to the SEC, and got another form letter in reply. Norman