RE: [APML] Last Gasp for SprintScan 4000

["Dale Ireland" <direland@drdale.com>]

Andy
I am no financial whiz but last year they had 2 billion in assets and 100
million in profits on a billion in sales. Now they are reorganizing with a
bailout package of only 50 million. This sure doesn't seem like the whole
company could go down the drain with a relatively small deficit like that.
However, they are living up to the evil corporate image by taking the first
chunk of flesh right out of their own company retirees and cutting off their
health insurance and other benefits, that really sucks. I have always been a
big Polaroid booster but that is low.
Dale

> -----Original Message-----
> From: owner-astro-photo@seds.org [mailto:owner-astro-photo@seds.org]On
> Behalf Of Andy Wallace
>
> Jim-
>
> Filing Chapter 11 does not necessarily mean that Polaroid will go out of
> business--that is Chapter 7.  The Company will likely be reorganized,
> continue to operate, restructure its debt and the losers will primarily be
> the shareholders. The scanner may be a great deal and could get even
> cheaper.
>
> Andy


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