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Sunday, 12/24/2006 6:14:10 AM

Sunday, December 24, 2006 6:14:10 AM

Post# of 24709
So the Pantech news was a big deal right? I suspect that soon all important vendors are made whole. I was trolling the FT site and read this:

"Investors laud Pantech debt rescheduling plan
By Song Jung-a in Seoul
Published: December 19 2006 00:02 | Last updated: December 19 2006 00:02
South Korean investors on Monday reacted positively to news that creditors of mobile phone maker Pantech had accepted a plan to reschedule more than $1.6bn in debt.
Pantech, the world's seventh-largest handset maker and Korea’s third largest, has invested heavily in research and development and marketing to promote its brand in overseas markets and crack the global top five. Pantech and affiliate Pantech & Curitel racked up Won74bn in operating losses in the first nine months of 2006.
The rest of this article is for FT.com subscribers only"

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