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

To: flickerful who wrote (4672)	3/19/1998 11:02:00 AM
From: Robert Utne	Respond to of 6570

<<<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.>>> LGE can't have it both ways. Either give Gannon and Dangremond 100% power to turn around Zenith or purchase the remaining shares of Zenith and run the company as LGE sees fit. My guess is that neither Gannon nor Dangremond will last the year if they have LGE overlooking ever stategic move they (G&D) wish to implement. That $60 million profit figure didn't come out of thin air. Certainly, it was the upper end of someone's projection either in Zenith or in LGE.

To: flickerful who wrote (4672)	3/19/1998 11:02:00 AM
From: Rich Dondo	Read Replies (1) \| Respond to of 6570

what is this the blind leading the blind more screw ups like this and Wall street will never follow this company 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 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.