EOS Re: Polaroid Explores Debt Restructuring [OT]

[Henry Posner/B&H Photo-Video]

At 03:57 AM 07/12/2001, you wrote:
>Read http://public.wsj.com/news/businessbox/article1.html from the Wall
>Street Journal about Polaroid's financial difficulties. The article says
>Polaroid, "...is giving serious consideration to a voluntary filing for
>bankruptcy-court protection..."

In a follow up article on page C1 of the NYTimes of July 12th, the Times 
reports that "The Polaroid Corporation won a reprieve from its bank 
yesterday, receiving a waiver that will keep it from defaulting on $367 
million in loans." So, bankrupcy is apparently averted for the time being. 
The company though remains on shaky financial footing.
--
regards,
Henry Posner
Director of Sales and Training
B&H Photo-Video, and Pro-Audio Inc.
http://www.bhphotovideo.com

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