Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Robert Utne who wrote (4649)	3/18/1998 6:54:00 AM
From: ayn rand	Read Replies (1) \| Respond to of 6570

The most important info from the link for me was: "Last month, when Hyundai Group sold off its chipmaking U.S. subsidiary, Symbios Logig Corp., during efforts to restructure, industry watchers predicted that LG Group's Zenith Corp would meet a similar fate. Observers, noting that Zenith suffered operating losses of around $100 million a year, expected LG to let go of the U.S. electronics subsidiary sometime in the near future. Likewise, foreign investors meeting with LG executives never fail to ask if the group plans to dispose of Zenith and, if so, when the sell-off would be timed. In the face of growing governmental pressure to streamline business lines, Korea's third largest conglomerate may find it difficult to retain a profit-losing overseas company with an uncertain future, stock market analysts said. " Best time to acquire is after very bad news & a long history of bad news. The price of ZE has continued to tank primarily from their dismal track record, and the above obviously valid perspectives. The short position is strong and ZE's ascent will be initially difficult, but we are getting closer, and faster than I had initially conceived. I still regard ZE as a long play, but w the way things are going, we may see some early action! I'll continue to accumulate on weakness.