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RE: filmscanners: Nikon 8000ED
Polaroid Secures Loan Extensions,
Plans to Explore Merger or Sale
A WALL STREET JOURNAL ONLINE News Roundup
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
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: email@example.com
> [mailto:firstname.lastname@example.org]On Behalf Of Raphael Bustin
> Sent: Wednesday, July 11, 2001 6:15 PM
> To: email@example.com
> 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.