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

To: Robert Utne who wrote (4671)	3/19/1998 5:34:00 AM
From: flickerful	Read Replies (2) \| Respond to of 6570

Wednesday March 18, 12:44 am Eastern Time Company Press Release LG Electronics Updates Announcement on Zenith CHICAGO--(BUSINESS WIRE)--March 19, 1998--LG Electronics announced today that certain statements made yesterday in the Korea Herald and attributed to an LG Electronics spokesman concerning Zenith Electronics Corporation [NYSE:ZE - news] are inaccurate. To clarify, Zenith's management, led by its new Chief Executive Officer, is developing a business plan, and LG is in discussion with Zenith management and members of Zenith's Board of Directors concerning that plan. No decisions have yet been made by LG and therefore statements in the Korea Herald are inaccurate. LG does not expect that Zenith will earn an operating profit this year. Established in 1958, LG Electronics Inc. is the flagship electronics company of the LG Group, Korea's leading electronics manufacturer. LG Electronics' worldwide network of production facilities, research centers, service centers, and branch offices enables it to market its products to consumers in more than 180 countries around the globe. Ranked as one of the world's largest electronics manufacturers, LG Electronics has gross sales of more than $8 billion worldwide. ------------------------------------------------------------------------ Contact: LG Electronics, Chicago Ian Woods, 847/391-8045/7052 Fax: 847/391-8956 ------------------------------------------------------------------------ More Quotes and News:Zenith Electronics Corp (NYSE:ZE - news)Related News Categories: computers, retail ------------------------------------------------------------------------ Help ------------------------------------------------------------------------ Copyright c 1998 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving ina public database, redistributing via a computer network or in a printed form. See our Important Disclaimers and Legal Information. Questions or Comments?