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RE: filmscanners: Nikon 8000ED

Polaroid Secures Loan Extensions,
Plans to Explore Merger or Sale

Polaroid Corp. said Wednesday it would explore a merger or sale as the
camera and film maker tries to dig out from beneath a mountain of debt.

The company announced a waiver on a $363 million line of credit that was set
to expire Thursday, but said it would miss payments to bond holders next

In a statement, Polaroid said it had retained Dresdner Kleinwort Wasserstein
and Merrill Lynch to explore several options for the future of the company,
including "sale of assets, a merger, a sale of the company and/or a
strategic partnership."

Polaroid said its banks agreed to extend certain loan covenants through Oct.
12. The company also received a waiver of a $19 million principal repayment
that had been scheduled for September.

  > -----Original Message-----
  > From: owner-filmscanners@halftone.co.uk
  > [mailto:owner-filmscanners@halftone.co.uk]On Behalf Of Raphael Bustin
  > Sent: Wednesday, July 11, 2001 6:15 PM
  > To: filmscanners@halftone.co.uk
  > Subject: RE: filmscanners: Nikon 8000ED
  > On Wed, 11 Jul 2001, Lawrence Smith wrote:
  > > Here's the latest.  My SS120 is on it's way back to the
  > vendor for a refund.
  > > I am getting another 8000 tomorrow to try.  Hopefully the
  > banding issue will
  > > be solved with this new one.  It must be said that I REALLY
  > like the SS120.
  > > I was getting superb scans for the most part.  I did have a
  > slide that gave
  > > me fits trying to get focused using silverfast and finally
  > had to scan it
  > > with polacolor to get it sharp.  That was very strange.  As
  > it turns out, I
  > > was finding that I was spending as much time doing final dust
  > spotting in
  > > the scans as the Nikon with ICE took to do it's job with
  > essentially no
  > > spotting required.  That means that I could do other
  > productive work while
  > > the scanner was doing it's ICE magic.  Kind of like having an
  > assistant to
  > > help.  If I do not have any banding problem (or other show
  > stoppers) with
  > > the 8000 then I intend to keep it and get Silverfast when it becomes
  > > available.  The best of both worlds as far as I can tell.
  > This latest news
  > > about Polaroid's financial health was also a factor in my
  > trying another
  > > 8000.  I have enough problems without my scanner manufacturer
  > going belly
  > > up....
  > >
  > > Lawrence
  > In all fairness, I suspect Polaroid will
  > find some way to continue operations.
  > Maybe they'll just get bought out and
  > assimilated into some new mega upstart.
  > Polaroid's sort of a Boston icon.  They'll
  > find a way.
  > Sad to see American manufacturing concerns
  > in such a sad state.
  > rafe b.


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