Howard:
A Chapter 11 bankruptcy appears to be imminent.
See: http://biz.yahoo.com/rf/011010/n10189694_2.html
For details.
Bill Stanke
Howard wrote:
>
> Has anyone that purchased a Polaroid Sprintscan 4000 from eCost actually
> received the $200 rebate? Should Polaroid (PRD) file straight bankruptcy I
> am afraid that none of the recent purchasers will ever see money promised &
> upon which I have relied in making this purchase. Of course, the Polaroid
> people deny that bankruptcy is imminent and repeatedly have asserted that
> the rebate will be paid. Still, it would reassuring to hear that from a
> fellow List member. Thanks!
>
> ----- Original Message -----
> From: Tom Scales <tscales@xxxxxxxxxxxxx>
> To: <olympus@xxxxxxxxxxxxxxx>
> Sent: Tuesday, October 09, 2001 1:20 PM
> 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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> >
>
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