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

To: Terry Berg who wrote (4431)	2/15/1998 2:53:00 PM
From: flickerful	Respond to of 6570

terry. the turnaround story will be good with some positive and specific guidance, and yes it would be more eagerly received if the market tanks. i agree new management must have believed there were realizable goals or they would not have made a commitment: i just hope they have been moving in the planned/promised direction with some adherence to the plan... no doubt they will announce coincident with an initiative, as you point out, and i trust it will be a sizable one. it will simply remain to be seen how convincing their confidence is to the street. i wonder how the anticipated royalty stream will be used, i.e. will this be the moment of truth for a figure to be disclosed: it would seem logical, as well as opportune.

To: Terry Berg who wrote (4431)	2/15/1998 4:06:00 PM
From: Dennis W	Read Replies (1) \| Respond to of 6570

For me, the most encouraging pieces of news in the past year were the appointments of Jeffrey Gannon as CEO and Robert Dangremond as Acting CFO. Mr. Gannon left a 24-year career at General Electric to come to Zenith Electronics, the beleagured consumer electronics company that hasn't made money in ten years or so. Mr. Dangremond agreed to become Acting CFO of the same company. Ignoring any incentives that may have been offered to them, these two men would not have come on board if they did not feel it was in their best interests, in my humble opinion. I would not personally accept a position if I didn't think I could win, because, among other reasons, losing would not look good on my resume. I am not aware of any other publicly traded companies that have lost money for ten years, but are still in business and publicly traded. Maybe there are some, but I'm not aware of them. I believe that a CEO who could take over such a company with so many losing years behind it and turn it around would make business history in this country, especially if that turnaround was in a glitzy, exciting high-tech business like digital TV. As an investor, I do not have the run of the company, and I do not have access to everything that's going on. I only know what I read and hear in the business news, what I read on this exciting thread, and the reports issued by the company. Based on what I read and hear, I have to make judgments and add my common sense. My common sense and judgment tell me that a company can be in great financial shape and be in a business with great potential, but that that company may not live up to its own potential without the right CEO. But history tells me that companies in trouble, but with the right CEO's, will often do very well. The Iaccoca's of the world come immediately to mind, but there are many others. In companies that have problems and in companies that are flying, a talented CEO is usually at the helm. In my opinion, the CEO is the key piece. Based on what I've read, I like the appointments of Mr. Gannon and Mr. Dangremond.