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

To: james m dickerson who wrote (3527)	12/2/1997 11:48:00 PM
From: Robert Utne	Read Replies (1) \| Respond to of 6570

Zenith Board of Directors: The New Guard: Four from LG/LGE (none owning one share of ZE) and one attorney (most probably, in the LGE camp). The Old Guard: A retired Fedex excecutive (current ZE CEO), an oil executive, a building products executive and a publishing/map executive. The ideal director criteria suggested by BusinessWeek is as follows: 1. active and critical participants in determining company strategy 2. independent (not easily influenced by company politics/pressures) 3. own significant shares of company stock 4. focused on serving all shareowners' best interests From all appearances, neither the Old Guard nor New Guard meet most of the criteria suggested by BusinessWeek. Zenith's new ceo should be given the opportunity to recommend the removal and addition of Directors. We monority shareholders eagerly await his/her appointment and subsequent director recommendations to the shareholders (read LGE). Suggestion for new Zenith policies regarding Directors: 1. To be appointed on the board or to remain on the board, each Director, for his/her personal account, will purchase and hold a minimum of 10,000 shares of ZE. 2. All Director compensation will be in the form of Zenith stock and be based on company performance. I can't think of a better strategy to demonstrate to Wall Street that Zenith's Directors have full confidence in the recovery/sustainable profitability of Zenith. If this suggestion is not adopted by Zenith, I will ask (in behalf of my 400,000 proxy and own shares of ZE) that Zenith submit this proposal for shareholder vote.

To: james m dickerson who wrote (3527)	12/4/1997 5:09:00 PM
From: John Cuthbertson	Read Replies (1) \| Respond to of 6570

James, Bob, et al.: Well, I bought more Zenith shares yesterday at the bargain price (I hope!) of 7 1/2. Please count my modest 300 shares toward the proxy total for Bob. I don't normally put much faith in "technical analysis," but there's one thing I noticed while doing my analysis of Zenith that I thought people here might find interesting. The steady slide in the ZE share price from over 12 in July to under 8 now has been on consistently quite light volume. In fact, since the July 15th high while there have been 32 more down days than up days, the total volume on down days exceeded that on up days by only 7.8M shares out of a total 27.3M shares traded. This is less than one might expect given the 40% fall in the share price. In addition, heavy volume tended to move the price more on up days than on down days. The indication from this would seem to me to be that while there have been few buyers for ZE in recent months, there really have been no big sellers. In other words, the big institutional players have been hanging onto their shares. Does anyone have any supporting or contradictory analysis? Good luck! ==John Cuthbertson