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

To: Robert Utne who wrote (3602)	12/11/1997 11:00:00 AM
From: Robert Utne	Read Replies (1) \| Respond to of 6570

The Korean Link... Since LGE owns 55% of the shares of ZE and has been co-signing recent Zenith short-term financing, it's important to separate fact from fiction concerning the financial status of LGE and its parent corporation LG. Todays Koreanpress reports: koreaherald.co.kr The facts are that LGE and LG Semicon are reducing production and also cutting costs to meet the new market conditions. There are no readily available facts to indicate that LGE is any financial difficulty and, from all available appearances, LGE has been very profitable through 1997. I view the present financial crises as a long-term benefit for LG and other Korean conglomerates. Rather than continue to embarking on a high-risk strategy of maximizing growth (no matter the competition and worldwide demand), LG and others will be forced to pare down its invesments focusing only on those sectors and products which it can successfully compete. There are no current facts available to indicate that the turmoil in Korean markets will have a direct and negative impact on the LGE/Zenith partnership plans for 1998 and beyound. It's business as usual between LGE and ZE...