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


To: Scott Lerner who wrote (3717)12/23/1997 11:30:00 AM
From: james m dickerson  Respond to of 6570
 
All that ZE management has to do is get the word out about their plans, products and profitability projections.

The absence of any suggests gross negligence to the shareholders.

It is time to contract out the media awareness function of ZE to professionals and put all of ZE PR people on the bread line.

I would welcome any type of response from ZE management as to their intent if indeed they have any.



To: Scott Lerner who wrote (3717)12/23/1997 11:42:00 AM
From: eric larson  Read Replies (1) | Respond to of 6570
 
NEW YORK, Dec. 23 /PRNewswire/ -- Standard & Poor's lowered its corporate credit rating on Zenith Electronics Corp. to single-'B' from single-'B'-plus and its rating on the company's $115 convertible subordinated debentures to triple-'C'-plus from single-'B'-minus.

The outlook is revised to negative from stable. LG Electronics Inc.'s has a 57% ownership stake in Zenith Electronics. The downgrade reflects Standard & Poor's view that, LG remains supportive of Zenith, but that its ability to do so is reduced due to the deteriorating economic situation in Korea. Although LG has guaranteed a new credit facility for Zenith, companies in the top chaebol are no longer immune to refinancing difficulties.

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