Word: lustgarten
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Dates: during 1980-1989
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Says Paine Webber Analyst Eli Lustgarten: "Outside the United States, it's a major war." In the U.S., Komatsu has gained 5% of the market; it aims to capture 15% of sales in the next year...
...International Harvester told its creditors that it would soon be in technical default on $4.2 billion in loans because its net worth would drop below $1 billion. Although the lenders could push the company into bankruptcy at any time, they are not expected to take that step. Explains Eli Lustgarten, vice president and analyst at Paine Webber Mitchell Hutchins Inc.: "The banks are in just as deep as Harvester, so they will likely come up with a new agreement...