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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (7518)	12/13/2004 12:40:16 PM
From: Smiling Bob	Respond to of 19256

CC related 9:28am 12/13/04 Ultimate Electronics shares halved on bankruptcy worry (ULTE) By Tomi Kilgore NEW YORK (CBS.MW) -- Shares of Ultimate Electronics (ULTE) tumbled 58 percent to $1.08 in Instinet pre-open trading after the company expressed doubt about its ability to stay in business. The consumer electronics company said it would likely violate one or more of its financial covenants given the continued deterioration sales trends, and said its creditors may not grant requests for waivers. The company also said its lenders have requested addition reserves against available credit. As a result, the company said it was considering a reorganization of its business, and has therefore requested an extension to file its quarterly report.