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Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: DiViT who wrote (33351)	5/21/1998 6:44:00 PM
From: John Rieman	Respond to of 50808

Lots of C-Cube partners, in the effort for VCD and DVD development in China. It's got to help "visibility".

To: DiViT who wrote (33351)	5/21/1998 9:04:00 PM
From: John Rieman	Read Replies (3) \| Respond to of 50808

Zenith shares are worth Zero. LG got 100% of the equity................................ newsalert.com Under the proposed reorganization plan, trade creditors and vendors will not be impaired and will continue to be paid in the ordinary course of business. In addition, Zenith will continue to pay employees' wages, salaries and benefits, and will continue to fulfill obligations to customers throughout the reorganization. The company also has reached an agreement in principle with LG Electronics Inc. (LGE), Zenith's majority stockholder, for LGE's support and participation in the plan. Under the plan, LGE will convert approximately $200 million of Zenith obligations to LGE into common stock of the company, representing 100 percent of the equity in the restructured Zenith. In addition, approximately $210 million of claims held by LGE will be exchanged for certain Zenith manufacturing assets in Mexico settop boxes made here and secured notes due 2008 on which interest may be paid in kind under certain circumstances. LGE will provide an additional $60 million of credit support to help finance the implementation of the plan. Zenith and LGE are in discussions with third-party lenders about additional financing.