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Re: [OM] [OT] Financial condition of Polaroid

Subject: Re: [OM] [OT] Financial condition of Polaroid
From: "M. Royer" <royer007@xxxxxxxxx>
Date: Tue, 9 Oct 2001 08:19:13 -0700 (PDT)
It will be a sad day in the world of photography if
Polaroid goes under. (no sarcasm intended)

Mark Lloyd

--- Bill Stanke <bstanke@xxxxxxxxxxxx> wrote:
> Hi Zuiks:
> 
> I was watching CNBC this morning.  Rumor is that
> Polaroid Corp. (PRD)
> will file for bankruptcy protection this morning. 
> Commentator was
> uncertain if the filing would be under Chapter 11
> (reorganization) or
> Chapter 7 (liquidation).
> 
> The stock is currently at $.31/share USD.  The
> Company has a current
> market cap of only $14.8 million.  The unfunded
> pension plan liability
> alone is estimated to be $100 million.
> 
> Marginal OM content: get your $200 rebate coupon for
> the scanner in the
> mail ASAP!  Your status as an unsecured creditor
> puts you near the
> bottom of the food chain.
> 
> Bill Stanke
> 
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