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

Subject: RE: [OM] [OT] Financial condition of Polaroid
From: "Timpe, Jim" <Jim.Timpe@xxxxxxxxx>
Date: Tue, 9 Oct 2001 10:26:30 -0700
Tom...
Mail me all future coupons you want to redeem.... I'll be happy to redeem
them for you....
Ship me that 180/2 while you're at it... I'd love to 'redeem' it...

Jim   8^))))))

-----Original Message-----
From: Tom Scales [mailto:tscales@xxxxxxxxxxxxx]
Sent: Tuesday, October 09, 2001 10:21 AM
To: olympus@xxxxxxxxxxxxxxx
Subject: Re: [OM] [OT] Financial condition of Polaroid


Well now, isn't that fascinating.  I have a coupon I mailed last week. Bet
I'm in trouble.

Of course, I also have one of their scanners on loan that I was shipping
back today. Think I'll wait <g>.

Tom

> 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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