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Technology Stocks : SCCO - Smith Corona
SCCO 117.64+1.1%Oct 11 9:30 AM EDT
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To: dexx who wrote (140)5/23/2000 7:47:00 PM
From: Mike Hermann  Read Replies (1) of 145
 
From CNBC

Now, the funeral: Smith Corona, which has been struggling
in recent years to find a place in the New Economy, will
sell its remaining assets to Carolina Wholesale Office
Machine Co. for $6 million. Smith Corona created the first
commercial portable in 1906. Teddy Roosevelt took a Smith
Corona on his African safari in 1910. To make matters worse,
Russian officials warned today that they may halt exports
of black caviar due to a poor sturgeon catch - which means
that Smith Corona execs can console themselves with the
thought that their company may go the way of caviar.
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