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

To: Scott Lerner who wrote (3866)	1/5/1998 6:28:00 PM
From: Terry Berg	Respond to of 6570

nice timing on this release , what took them so long ?..................... [ Business \| US Market \| Industry \| IPO \| S&P \| International \| PRNews \| BizWire \| Finance Home ] ------------------------------------------------------------------------ Monday January 5, 4:45 pm Eastern Time Company Press Release SOURCE: Duff & Phelps Credit Rating Co. DCR Lowers Zenith Electronics Rating CHICAGO, Jan. 5 /PRNewswire/ -- Duff & Phelps Credit Rating Co. (DCR) has lowered its convertible subordinated debt rating for Zenith Electronics Corporation [NYSE:ZE - news] to 'CCC' (Triple-C) from 'B-' (Single-B-Minus). The Zenith rating has relied heavily on the continuing support of majority owner LG Electronics (LGE). The financial crisis in South Korea has raised concern as to LGE's ongoing ability to support Zenith. On December 24, 1997, DCR downgraded the Republic of Korea's long-term foreign currency rating to 'BB' (Double-B) from 'A' (Single-A) with the rating remaining on Rating Watch--Down. LGE's financial support has been critical in terms of its initital equity investment, extended payables financing and the LGE guarantee of Zenith's recent bank financings. Another consideration in the Zenith downgrade is continuing disappointing financial results. Zenith has suffered chronic negative cash flow and weak debt protection measures. 1997 was another difficult year. The company lost $144 million in the first nine months of 1997 and experienced a $79 million net cash outflow from operating activities. Results reflected weak demand, pricing pressures and yield problems in Zenith's color picture tube plant. Zenith's total funded debt at September 27, 1997, was approximately $201 million, representing 76 percent of invested capital. SOURCE: Duff & Phelps Credit Rating Co.

To: Scott Lerner who wrote (3866)	1/6/1998 10:45:00 AM
From: John Kriedel	Read Replies (1) \| Respond to of 6570

>>Don't get me wrong John, I want no enemies. I only felt that your tone was inappropriate. You don't wish that people lose their money. Keep it civil and mature and we would love to hear your thoughts-positive or negative. >>>>At what price do we consider you in OXHP? OXHP got in at 14.5 . Re: ZE I don't wish people to loose I know one can do better. (quality) Volume is the driving force. I had ZE for 3 years. Very disapointing performance. Each time you think they'd turn around they go south. I guess I am venting. But People who had ZE in 97 got burnt bad and wrote it off and the shorts gobbeled it up. 1998 Now it climbs. But after January I'll bet it will be stagnet at 7-10. Just a hunch!