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

To: CPAMarty who wrote (33364)	5/22/1998 1:10:00 PM
From: DiViT	Respond to of 50808

Zhongshan Yue Zhong Electronic Limited, Cube customer has a DVD player... Their VCD player uses Cube asiansources.com Their DVD player uses ?? asiansources.com

To: CPAMarty who wrote (33364)	5/23/1998 9:46:00 AM
From: John Rieman	Read Replies (1) \| Respond to of 50808

Zenith looking for investors in it's settop/modem business. Hey, those C-Cube guys have some cash, and Divi designed the box??????????? multichannel.com May 22, 1998 Zenith Seeks Modem Investors Glenview, Ill -- Zenith Electronics Corp. said that it is looking for investors to help sustain its digital-set-top and cable-modem business, even as the company announced a restructuring plan that would convert it into a subsidiary of its main shareholder. Zenith -- which warned weeks ago that it may be forced to seek bankruptcy-law protection from creditors -- said it would file a "prepackaged" Chapter 11 reorganization plan in bankruptcy court if the Securities and Exchange Commission approves the restructuring plan. A prepackaged Chapter 11 plan has the blessing of key creditors. Under the plan, Zenith shareholders' equity would be wiped out, but creditors and employees would continue to be paid. LG Electronics Inc., the South Korean firm that owns 55 percent of Zenith's equity, would convert $200 million in Zenith obligations into equity, making Zenith a LGE subsidiary, and it would take Zenith's manufacturing assets in Mexico and secured notes for another $210 million in claims. LGE also agreed to lend Glenview, Ill.-based Zenith $60 million, and it will work with Zenith to borrow more. "It's going to be a tough business for them to hang onto," Goldman Sachs & Co. analyst Abraham Bleiberg said.