TCR_Public/981201.MBX T R O U B L E D   C O M P A N Y   R E P O R T E R
      
  Tuesday, December 1, 1998, Vol. 2, No. 234
                 
                 Headlines

2CONNECT EXPRESS: October 1998 Operating Report
ABRAXAS PETROLEUM: Negative Trends in Financial Condition
ACME METALS: Committee Seeks Order Permitting Trading
ALLIANCE ENTERTAINMENT: Concord Seeks Extension
CONCORD ENERGY: September 1998 Operating Report

DANKA: May Avoid Bankruptcy
DEMERT & DOUGHERTY: To File Chapter 11
ELDER-BEERMAN: Rights Offering Expiration Date Extended
GLOBAL MOTORSPORT: Bidder Sues Target & Stonington
GULFPORT ENERGY: Third Quarter Results

GUY F. ATKINSON: Opposes Motion For Examiner
HAYES CORP: Will It Survive?
INTERNATIONAL HERITAGE: Delays Filing of Form 10-Q
MOLTEN METAL: Sale To ATG To Close Next Week
OKURA & CO: Seeks Extension of Exclusivity

OLYMPIA & YORK: Court Confirms Plan
ONCOR, INC.: Insufficient Cash to Meet Obligations
ONEITA INDUSTRIES: Needs Time To Reject or Assume Leases
PARADISE BAKERY: Creditor Fights Committee Administration
PRECISION AUTO: Auto Concern's Restructuring is Underway

RAND ENERGY: Debtor's Response To Change of Venue
RINCON ISLAND: Seeks Extension of Exclusivity
SCOTT CABLE: Confirmation Ruling Pending
STAR NEWCO: Seeks Approval of Sale of Elgen Division
SYQUEST TECHNOLOGY: Receives Second Offer

TELECOM SERVICES: To Emerge from Bankruptcy as CyberSentry
TORONTO'S SKYDOME: Granted Protection from Creditors
WESTERN DIGITAL: Stockholder Rights Plan Document Available
WINDSOR ENERGY: Seeks Extension of Exclusive Periods

Meetings, Conferences and Seminars



             
                 *********

2CONNECT EXPRESS: October 1998 Operating Report
-----------------------------------------------
2Connect Express, Inc., filed its monthly operating report
with the U.S. Bankruptcy Court in Florida for October,
1998.  A copy of the report was delivered to the SEC under
cover of Form 8-K.  A full-text copy of the SEC filing is
available at

http://www.sec.gov/edgar/Archives/data/0001021294/000095014
4-98-013118.txt at no charge via the Internet.


ABRAXAS PETROLEUM: Negative Trends in Financial Condition
---------------------------------------------------------
Abraxas Petroleum Corporation and its subsidiaries, for the
three-month period ending September 30, 1998, reports a
$5.7 million net loss on $13.7 million in revenues.  
Shareholder equity slipped on the Company's September 30
balance sheet to $3.4 million from $26.8 million at
December 31, 1997.  At September 30, 1998, the Company had
current assets of $81.1 million and current liabilities of
$27.3  million  resulting  in working  capital of $53.8
million.  This compares to a working capital deficit of
$9.2 million at December 31, 1997 and working capital of
$9.6 million at September 30, 1997.


ACME METALS: Committee Seeks Order Permitting Trading
-----------------------------------------------------
The Official Committee of Unsecured Creditors seeks an
order permitting securities trading by Committee members
in certain circumstances.  The Committee states Committee
member trading in the debtors' stock, notes, bonds,
debentures, participation in any of the debtors' debt
obligation will not violate their duties as Committee
members provided that any member carrying out such trades
establishes and implements policies and procedures,  such
as a "Chinese Wall" to prevent the misuse of non-public
information obtained through its activities as a Committee
member.

Particularly Alliance Capital Management LP manages the
Alliance High Yield Open Fund is a member of the
Committee and a registered investment adviser.  The SEC
pointed out in the Federated bankruptcy that large
institutional creditors have skills that are valuable to
the committee, and that there is no legal impediment to
permitting such entities on official committees.


ALLIANCE ENTERTAINMENT: Concord Seeks Extension
-----------------------------------------------
The debtor, Concord Records Inc. seeks a 120 day extension
of its exclusive solicitation period.  Although Concord
expects fully to confirm the proposed plan in the coming
months, the debtors have delayed approval of the
Disclosure Statement in order to ensure that significant
estate funds are not needlessly expended in the event that
a transaction materially impacts the terms of the proposed
plan.  The debtors believe that the proposed plan will be
ultimately confirmed, and this extension is sought out of
caution.


CONCORD ENERGY: September 1998 Operating Report
-----------------------------------------------
Concord Energy Incorporated filed its monthly operating
report with the U.S. Bankruptcy Court in San Antonio for
September, 1998.  A copy of the report was delivered to the
SEC under cover of Form 8-K.  A full-text copy of the SEC
filing is available at
http://www.sec.gov/edgar/Archives/data/0000796334/000089109
2-98-000416.txt at no charge via the Internet.


DANKA: May Avoid Bankruptcy
---------------------------
Eastman Koday Co. has agreed to keep supplying Danka
Business Systems PLC with parts and supplies for another
month, but Danka is still trying to arrange a long-term
agreement to avoid bankruptcy, The St Petersburg Times
reported. Danka had been paying Kodak 125 percent of the
purchase price in cash for parts and supplies through
today, but Kodak agreed to extend the deal through the
year. It had stopped sending inventory in October, stating
that Danka had failed to pay Kodak's invoices. Danka is
expected to file a business plan with lenders by today,
outlining how the company will fix several problems.  It is
likely to include a restructuring that would include
layoffs among the company's 13,000 North American
employees. (ABI 30-Nov-98)


DEMERT & DOUGHERTY: To File Chapter 11
--------------------------------------
DeMert & Dougherty, Coal City, Ill., announced that it
plans to file for bankruptcy protection with the support of
its major secured lenders, according to a newswire report.
The company plans to focus on its core business and
increase sales of its beauty products; in addition, it
plans to increase market share, eliminate its debt and
reduce overhead by eliminating manufacturing expenses.
(ABI 30-Nov-98)


ELDER-BEERMAN: Rights Offering Expiration Date Extended
-------------------------------------------------------
On November 11, 1998, the Directors of The Elder-Beerman
Stores Corp. (the "Company") approved Amendment No. 1 (the
"Amendment"), dated as of November 11, 1998, to the Rights
Agreement, dated as of December 30, 1997 (the "Rights
Agreement"), by and between the Company and Norwest Bank
Minnesota, N.A. (the "Rights Agent"). The Amendment
provides that the Final Expiration Date (as defined in the
Rights Agreement) of the Rights Agreement shall be January
9, 2008, which is the tenth anniversary of the Record Date
(as defined in the Rights Agreement).

The foregoing description of the Amendment is qualified in
its entirety by reference to the full text of the
Amendment, which is attached as an exhibit hereto and
incorporated herein by reference. Copies of the Rights
Agreement, and the related Summary of Rights, which is
attached as Exhibit C to the Rights Agreement, are
available free of charge from the Company.


GLOBAL MOTORSPORT: Bidder Sues Target & Stonington
--------------------------------------------------
For more than seven months Golden Cycle LLC has attempted
to acquire Global Motorsport Group, Inc., at a price Golden
says is substantially in excess of the company's market
value and has advised  Global that it is continuing to
evaluate its position with the goal of maximizing
stockholder value.  In response to its acquisition
proposal, Golden says that Global has shown stubborn
obstructionism.  

Turning to the Court of Chancery in Delaware, Golden has
sued Global, the Company's directors and the competing
bidder.

While professing they are attempting to maximize
shareholder value, Golden complains, Global's actions
demonstrate their intent is to fend off Golden Cycle's bid
at any cost.  This blind obstructionism has led Global to
sign a conditional tender offer/merger agreement with
Stonington Acquisition Corp. and GMG Acquisition Corp. at
$19.50 per share without first approaching Golden Cycle to
see whether it would increase its offer.  

Stonington's proposal has several material conditions
including obtaining financing and the execution of
employment contracts with unidentified members of senior
management, according to Golden.  Although the conditional
$19.50 Stonington offer is $.50 (less than 3%) more than
Golden Cycle's then pending fully-financed offer, the
Individual Defendants have effectively terminated the
auction for Global through the retention and adoption of
defensive provisions including substantial and preclusive
lock-ups (valued at approximately $.77 per share) and a
Poison Pill.

Demonstrating the seriousness of its interest in acquiring
Global, Golden Cycle subsequently increased its bid to $20
per share.  Unlike the Stonington bid, Golden Cycle's $20
offer has no financing contingency.  It is conditioned,
however, on the invalidation of the auction ending lock-ups
and Poison Pill.

"While alarming in that it disregards the interests of
stockholders, Global's conduct is consistent with their
pattern of behavior," Golden charges.  Indeed, without ever
meeting with Golden Cycle or providing it with due
diligence information which would permit it to determine
whether an even higher offer is appropriate, over the past
seven months Global have signed three successive merger
agreements, at progressively lower prices, each with
substantial and preclusive lock-ups, all the while
continuing to hide behind a formidable array of takeover
defenses.  Two of the three contingent agreements have
fallen through and the third, the recent agreement with
Stonington, is priced below Golden Cycle's current, fully
financed $20 offer.

"Global's conduct violates fiduciary obligations to
maximize stockholder value and to investigate and evaluate
Golden Cycle's offer independently and in good faith,"
Golden argues.  Specifically, Golden asserts, Global and
its directors violated their duties by, among other things:

  (a) Agreeing to sell Global without obtaining the highest
      price reasonably available;

  (b) Accepting unreasonable and preclusive break-up and
      expense fees as a condition to the proposed merger
      with Stonington;

  (c) Relinquishing to Stonington the power to redeem or
      amend Global's Poison Pill; and

  (d) Failing to exempt Golden Cycle offer from Global's
      Poison Pill and the provisions of 8 Del. C. Sec. 203.

Through its participation in the above events, Stonington
has aided and abetted the Individual Defendants in the
foregoing breaches, Golden charges.  Unless enjoined, the
Defendants' illegal and inequitable conduct will continue
and the tender offer/merger agreement with Stonington will
be consummated.

Golden seeks, among other things, declaratory relief and an
injunction order:   

  (a) requiring Defendants to give Golden Cycle access to
      all confidential information made available to
      Stonington to enable Golden Cycle to evaluate whether
      an even higher bid is appropriate;

  (b) invalidating the break-up fees and expense
      reimbursements granted by Global to Stonington to
      enable Golden Cycle to compete on an equal economic
      footing;

  (c) redeeming Global's shareholder rights plan and
      exempting Golden Cycle's offer from Delaware
      anti-takeover laws (8 Del. C. Sec. 203); and

  (d) enjoining the proposed merger with Stonington for
      45 business days after delivery of due diligence to
      give Golden Cycle a fair opportunity to present its
      best bid to shareholders.  Golden Cycle also seeks
      an Order declaring that Global's Directors set an
      improper record date for Golden Cycle's outstanding
      consent solicitation on the grounds Defendants
      violated 8 Del. C. Sec. 213(b) by purporting to set  
      a record date more than ten days after the date
      of the resolution setting the record date.


GULFPORT ENERGY: Third Quarter Results
--------------------------------------
Gulfport Energy Corporation (fka WRT Ennergy Corp.) reports
a $31.3 million loss for the quarter ending September 30,
1998 and a $51.6 million loss for the nine-month period
ending September 30, 1998.  


GUY F. ATKINSON: Opposes Motion For Examiner
--------------------------------------------
The debtors Guy F. Atkinson Company of California and Guy
F. Atkinson Company of Nevada, state that AICCO's motion
for appointment of Examiner is an attempt to reach D&O
insurance policies because AICCO is a creditor of GFA
California, and the majority of unencumbered assets in
theses cases are held by Guy F. Atkinson Nevada (now known
as ATKN Nevada.  Therefore, according to the debtor,
AICCO asserted misrepresentation claims against the former
directors and officers of GFA California in order to reach
the insurance policies.  "It also makes no secret of its
plans to seek substantive consolidation of the debtors'
cases."  

The debtors state that AICCO has not demonstrated the
factual predicate for the appointment of an examiner.  Nor
can it justify the expense that appointment will create,
particularly given that competent and independent
management already exists in these cases.


HAYES CORP: Will It Survive?
----------------------------
Tulsa World reports on November 28, 1998 that Hayes
Corporation's chairman and CEO, Ron Howard said, "We hope
to be in position to have some definite information over
the next two weeks ... we expect many issues to be
resolved."

Hayes management has been meeting with its creditors
committee in the aftermath of the Oct. 9 Chapter 11 filing
in federal bankruptcy court in Wilmington, Del. Chapter 11
filings provide temporary protection from creditors  while
the company reorganizes and tries to negotiate lower debts
and  restructure its operations.  However, the fact that
Hayes is back in Chapter 11 increases the odds against
that.

On Tuesday, Hayes idled two shifts of its manufacturing
unit, laying off 100 people. The company will halt a third
shift in the next few weeks, bringing total employment to
fewer than 450 from a peak of 1,200. The company is
focusing its future on digital technology and other new  
technologies.   However, slow response to new, 56 kilobits-
per-second modems and the Asian economic crisis have hurt
sales. The company, scheduled to release third-
quarter earnings this week, reported a net loss of $17.6
million for the first six months of this year, after net
sales of $77.2 million, compared to $94.9 million for the
first half of 1997.

Dennis Hayes remains as the largest individual shareholder,
with about 38 percent of the shares, in a company that
retains Hayes and brands that include Accura, Optima,
Century, Ultra, Smartcom and Practice Peripherals.
And while whether those shares will have value in the
future remains in doubt, the company is offering a new
product -- a limited- edition, 56K 20th anniversary modem,
signed by Dennis Hayes.


INTERNATIONAL HERITAGE: Delays Filing of Form 10-Q
--------------------------------------------------
Blank check maker International Heritage, Inc., based in
North Carolina, tells the SEC that because "unaudited
financial statements for the quarterly period ended
September 30, 1998, will not be available until
approximately November 20, 1998," the Company will not
timely-file its Form 10-Q.  The Company says there will be
no significant change in results of operations from the
corresponding period for the last fiscal year.


MOLTEN METAL: Sale To ATG To Close Next Week
--------------------------------------------
The winners of Tuesday's auction for Molten Metal
Technology Inc.'s wet waste and "Q-CEP" assets, ATG Inc.
and Quantum Catalytics LLC, expect to close on the
transaction next week.  ATG and Quantum increased their
previous joint offer at the sealed-bid auction and agreed
to provide $10.6 million cash, a one-year $1 million note,
and 5% of EBITDA on the Q-CEP assets over a five-year
period, and assume estimated Q-CEP environmental
liabilities in the $5 million to $10 million range. Molten
Metal's Chapter 11 Trustee, the official creditors'
committee, and the environmental technology company's
lender support the sale. The court approved the sale
following the auction. (Federal Filings Inc. 30-Nov-98)


OKURA & CO: Seeks Extension of Exclusivity
------------------------------------------
Okura & Co.(America), Inc., debtor seeks an extension of
its exclusive right to file a plan of reorganization and
solicit acceptances.  The motion will be heard on December
10, 1998 at 9:30 am before the Honorable Jeffry H. Gallet,
US Bankruptcy Judge, at the US Bankruptcy Court, One
Bowling Green, New York, New York 10004.

The debtor seeks an extension of the time during which the
debtor shall have the exclusive right to file a plan of
reorganization from December 19, 198 through and including
February 18, 1999; and extending the time during which the
debtor shall have the exclusive right to solicit
acceptances of a plan from February 18, 1999 through and
including April 19, 1999.

The debtor has been active negotiating and obtaining cash
collateral utilization on five separate occasions.  The
debtor has met with several financial institutions
regarding potential post-petition financing in the form of
a letter of credit facility.  The debtor is in the
process of working on a business plan, and the debtor is
reviewing claims filed.  However, the debtor is not
prepared to file a plan, and the debtor states that the
only third party plan that could be filed would be a
liquidating plan which would be disastrous for unsecured
creditors.  Furthermore, the debtor states that no party-
in-interest has expressed a desire to seek to liquidate
the debtor.


OLYMPIA & YORK: Court Confirms Plan
-----------------------------------
The U.S. Bankruptcy Court in Manhattan confirmed Olympia &
York Maiden Lane LLC's reorganization plan Tuesday, as well
as a settlement between the single-asset real estate
company and a tenant over millions of dollars in back rent.  
The $60 million settlement with tenant Home Insurance Co.
is expected to close around Dec. 10.  The $75 million sale
of O&Y's building to Amtrust Realty Corp. will close on
Feb. 3 and distributions will be made shortly thereafter.
(Federal Filings Inc. 30-Nov-98)


ONCOR, INC.: Insufficient Cash to Meet Obligations
--------------------------------------------------
Oncor, Inc., discloses in its latest-filed Form 10-Q that
the Company currently has immediate obligations to (1)
repay a $4 million note payable, which is secured by
substantially all of the assets of the Company, (2) satisfy
its trade and other unsecured obligations in an amount in
excess of $3 million and (3) meet the redemption request,
if valid, of its preferred shareholders in an amount in
excess of $6 million.  The Company has no cash reserves
with which to contribute to the satisfaction of these
obligations and, therefore, is in the process of attempting
to sell or find strategic partners for substantial portions
or all of its assets to meet these obligations.   

In the absence of any significant cash balances available
for operations of the parent company, such operations have
been significantly reduced.  Beginning in September, 1998,
cash proceeds to fund operations have been generated by the
collection of customer accounts receivable, collection of a
note receivable at a discount prior to maturity, release of
escrowed funds and the sale of excess furniture and
laboratory equipment.

The Company expects to continue to fund near-term
operations with cash from operations and proceeds from the
sale of additional assets.  With the receipt of all
payments and the sale of each asset, the Company must reach
agreement with the secured lenders as to the portion, if
any, of the resulting proceeds which is available to fund
operations.  The remainder of such proceeds is applied
against the outstanding balance due on the note.  The note
holders may elect at any time to apply all of the proceeds
of any or all asset sales to the note until the full
balance of the note is extinguished.  Such action would
result in the Company immediately ceasing all operations
due to lack of available funds for operation.  While the
Company is using its best efforts to obtain maximum value
for the sale of assets, it is possible that the success, if
any, of these efforts will not be sufficient to fund the
Company for the foreseeable future.  In the event that the
Company is unable to meet all its obligations without
selling substantially all of its key assets, the Company
will likely be forced into the complete termination of its
business operations.


ONEITA INDUSTRIES: Needs Time To Reject or Assume Leases
--------------------------------------------------------
A hearing will be held on December 7, 1998, on the motion
of the debtor, Oneita Industries, Inc. to extend the time
within which the debtor may assume or reject certain
unexpired leases of nonresidential real property. The
debtor seeks an extension of approximately ninety days,
through and including March 1, 1999.

The debtor requires additional time to determine whether
to assume or reject two unexpired leases of nonresidential
real estate.  One of the leases is the debtor's
distribution center in Lawrenceville, Georgia, which has
an annual rent of $966,000.  And the other is a sales
office in New York City, with an annual rental of $95,000.

The debtor requires additional time e to determine how it
will proceed with its reorganization.  

Due to depressed industry-wide pricing, the debtor will not
be able to make the required cash payments under the
amended plan for some time, and the prepetition lenders
have advised the debtor that they do not wish to remain in
the reorganization case until the amended plan can be
implemented.  Accordingly, the amended plan has
effectively been abandoned.  The prepetition lenders have
consented to an extension of the debtor's exclusive period
through February 18, 1999 provided that at any time after
December 17, 1998, the prepetition lenders may, as a
group, file a plan, as long as such plan is supported by a
majority of the prepetition lenders holding at least two-
thirds of the prepetition lenders' aggregate claims.

The debtor has utilized the full availability under its
DIP facility and is operating under tight working capital
conditions.


PARADISE BAKERY: Creditor Fights Committee Administration
---------------------------------------------------------
Chart House Enterprises, Inc., a secured and unsecured
creditor opposes the joint motion of Paradise Bakery Inc.
and the Official Committee of Unsecured Creditors to
authorize the Committee to administer the remaining
aspects of the bankruptcy case.  The creditor states that
the Code does not authorize or permit this action and that
it breaches the Committee's fiduciary duty.  The creditor
states that given the desire of Bakery's management to
withdraw from further participation in the case, the
appropriate procedure is for the court to either appoint a
trustee or to convert the case to a chapter 7.


PRECISION AUTO: Auto Concern's Restructuring is Underway
--------------------------------------------------------
As previously reported, Precision Auto Care, inc., recently
suspended an aggressive acquisition strategy it had been
pursuing since the third quarter of its recently completed
year.  As a result, the Company incurred significant
expenses attributed to the acquisition strategy impacting
both year end and in first fiscal quarter 1999 earnings.

"Your Company is taking strong measures to improve its cash
flow and operating results," Lynn E. Caruthers, Chairperson
of the Board, told shareholders last week in a letter filed
under cover of Form 14-A with the SEC.  "In the coming
year, the Company will focus on its core businesses and the
divestiture of non-strategic assets. On October 21, 1998,
Charles L. Dunlap joined the Company as its President and
Chief Executive Officer. Mr. Dunlap brings 28 years of
experience in the petroleum industry. Your Board and the
management team are dedicated to the continued growth and
development of the Precision brands."


RAND ENERGY: Debtor's Response To Change of Venue
-------------------------------------------------
Rand Energy Company responds to the motion of Hon
Petroleum, LLC ("Movants") for transfer of venue.  The
motion was joined by several other creditors of the
debtor.  The debtor states that the movants have failed to
demonstrate any reason why Houston is a more convenient
forum than Dallas for this case.  Debtor states that
although some members of the Creditors' Committee have
offices in Houston, they rarely attend hearings except
through counsel, and given the number of the Debtor's and
Bank One's representatives and witnesses located in
Dallas, Dallas is a more convenient and cost effective
forum than Houston.

The debtor states that this case was properly filed in
Delaware, and that the debtor would prefer that the case
stay in Delaware.  Nevertheless, the debtor is willing to
compromise and transfer venue to Dallas.  The final
hearing on debtor's request for approval of DIP financing
is scheduled for November 30, 1998.  The debtor states
that the venue should not be transferred until after that
date.


RINCON ISLAND: Seeks Extension of Exclusivity
---------------------------------------------
Rincon Island Limited Partnership, debtor, is seeking an
order extending the exclusive periods in which to file a
plan of reorganization and solicit acceptances thereto
pursuant to the Bankruptcy Code.

The debtor requests that it be granted an extension of its
exclusivity periods to file a plan and to solicit
acceptances to the plan, for approximately 120 days, to
and including April 30, 1999 and June 30, 1999
respectively.  The motion will be heard before the
Honorable Robin Riblet, US Bankruptcy Judge, on December
15, 1998 at 10:00 am.

The debtor states that it is actively pursuing various
alternative corporate restructuring possibilities and
refinancing possibilities and needs additional time to
continue these efforts to maximize the value of its
estate.  The debtor's case is four months old, and the
debtor state that it is making good-faith progress toward
the successful resolution of its case.  The size and
complexity of the case with undisputed claims in excess of
$30 million and assets with a potential value in excess of
$80 million support the request for an extension of
exclusivity.  The principal unresolved contingency in this
case is the alleged interest of South Coast Oil
Corporation. An adversary case is pending.  An extension
of exclusivity is necessary for a determination to be made
by the court in the adversary proceeding.


SCOTT CABLE: Confirmation Ruling Pending
----------------------------------------
The court is expected to rule on confirmation of Scott
Cable Communications Inc.'s reorganization plan before Dec.
11, the date the cable operator would default on
its $165 million asset sale agreement if the plan is not
confirmed. The U.S. Bankruptcy Court in Bridgeport, Conn.,
heard oral arguments at a hearing last Monday, when Scott
Cable squared off with the Internal Revenue Service and
Department of Justice. The government is asking the court
to reject the plan on the grounds that it improperly leaves
the IRS out of the money while paying unsecured creditors.
The government's case is based on its argument that the
primary purpose of the plan, which calls for the sale of
Scott Cable's assets to Interlink Communications Partners,
is the avoidance of some $30 million in taxes. Scott Cable
has argued that the IRS is out of the money under the
absolute priority rule. The fact that unsecured creditors
are being paid before the IRS does not violate the
Bankruptcy Code because the payments are coming directly
from recoveries that would otherwise be payable to holders
of the company's junior secured notes, "which are
indisputably senior to any claim the IRS might have." (The
Daily Bankruptcy Review and ABI Copyright c November 30,
1998)  


STAR NEWCO: Seeks Approval of Sale of Elgen Division
----------------------------------------------------
The debtor, Star Newco Inc., seeks approval of an Asset
Purchase Agreement that provides for the purchase by
Capital Hardware Supply Inc., Buyer of the acquired
assets, being all of debtor's interest in the operating
assets of debtor's Elgen Division.  The consideration is
approximately $1.325 million.  The debtor is permitted to
seek higher and better offers under the agreement.


SYQUEST TECHNOLOGY: Receives Second Offer
-----------------------------------------
SyQuest Technology Inc. is in talks with two potential
buyers after receiving a second offer from an unnamed party
Tuesday.  At a contested cash collateral hearing Tuesday,
investment banker CIBC Oppenheimer Corp. testified that
both letters of intent represent "real" offers for the
removable disk drive manufacturer.  After suspending
operations earlier this month, Fremont, Calif.-based
SyQuest filed for Chapter 11 on Nov. 17 and signed a letter
of intent to sell "substantial assets" to a strategic
buyer.  The proposed transaction would include intellectual
property, manufacturing and development equipment, finished
goods, work in process and raw material inventory for disk
drives and cartridges. (Federal Filings Inc. 30-Nov-98)


TELECOM SERVICES: To Emerge from Bankruptcy as CyberSentry
----------------------------------------------------------
Telecommunications Services Center Inc. said last week that
it will emerge from bankruptcy, possibly as soon as during
December, under a new name, CyberSentry Inc., and that it
will focus on Internet security, Reuters reported. Per the
terms of the company's amended reorganization plan, it
would combine the Internet technology of the CyberSentry
web site it recently acquired with its telecommunications
expertise. (ABI 30-Nov-98)


TORONTO'S SKYDOME: Granted Protection from Creditors
----------------------------------------------------
The owners of the SkyDome in Toronto received approval from
the bankruptcy court in Ontario Friday to protect it from
creditors who are owed more than $5 million, according
to the Canadian Press. The owner also received approval for
$3.5 million in emergency funding from the Blue Jays
baseball club, the SkyDome's most important tenant. Owners
of the stadium also asked the court for approval to
withdraw $1.3 million from a $4.5 million capital reserve
fund being held by Montreal Trust in order to upgrade its
sound system, renovate its hotel and pay daily bills. The
court approved a lease arrangement in which the Blue Jays
have committed to leasing space from the SkyDome for one
year. The SkyDome cites the following factors for its
financial difficulties: increased competition from
subsidized baseball stadiums, additional costs related to
the decline of the Canadian dollar, the high debt load
carried by the owners, high city property taxes, contracts
with certain suppliers that impacted cash flow and a Jan. 1
renewal deadline for license agreements for the SkyBox
viewing booths, which are expected to be renegotiated at
less favorable terms. (ABI 30-Nov-98)


WESTERN DIGITAL: Stockholder Rights Plan Document Available
-----------------------------------------------------------
On September 10, 1998, the board of directors of Western
Digital Corporation (the "Corporation") adopted a new
stockholder rights plan to replace its existing stockholder
rights plan which expires in November 1998.  The Company
filed a copy of the Plan under cover of Form 8-K with the
SEC last week.  A full-text copy of the document is
available at
http://www.sec.gov/edgar/Archives/data/0000106040/000089256
9-98-003159.txt at no charge via the Internet.


WINDSOR ENERGY: Seeks Extension of Exclusive Periods
----------------------------------------------------
The debtor, Windsor Energy US Corporation is seeking an
order extending the exclusive periods in which to file a
plan of reorganization and solicit acceptances thereto.

The debtor is seeking an order extending the time periods
within which only the debtor may file a plan of
reorganization and solicit acceptances of such plan, to and
including April 30, 1999 and June 30, 1999, respectively.  
The debtor states that any plan of reorganization must be
coordinated with Rincon Island, and the debtors state that
they are actively exploring all forms of corporate
restructuring. The debtor states that it is actively
pursuing various alternative corporate restructuring
possibilities and refinancing possibilities and needs
additional time to continue these efforts to maximize the
value of its estate.  The debtor's case is four months old,
and the debtor state that it is making good-faith progress
toward the successful resolution of its case.  The size and
complexity of the case with undisputed claims in excess of
$30 million and assets with a potential value in excess of
$80 million support the request for an extension of
exclusivity.  The principal unresolved contingency in this
case is the alleged interest of South Coast Oil
Corporation. An adversary case is pending.  An extension
of exclusivity is necessary for a determination to be made
by the court in the adversary proceeding.


Meetings, Conferences and Seminars
----------------------------------
November 30-December 1, 1998
   RENAISSANCE AMERICAN CONFERENCES & BEARD GROUP, INC.
      Distressed Investing '98
         The Plaza Hotel, New York, New York
            Contact: 1-903-592-5169 or ram@ballistic.com   

December 3-5, 1998
   AMERICAN BANKRUPTCY INSTITUTE
      Winter Leadership Conference
         Westin La Paloma, Tuscon, Arizona
            Contact: 1-703-739-0800

December 10-12, 1998
   THE AMERICAN LAW INSTITUTE-AMERICAN BAR ASSOCIATION
      The Emerged & Emerging New Uniform Commercial Code
         Sheraton New York Hotel, New York City
            Contact: 1-800-CLE-NEWS

January 9-14, 1998
   Law Education Institute
      Bankruptcy Law Course -- 1999 National CLE Conference
         Marriott's Vail Mountain Resort, Vail, Colorado
            Contact: 1-414-228-5810

January 28-February 1, 1999
   COMMERCIAL LAW LEAGUE OF AMERICA
      38th Annual Southern District Meeting
         Royal Sonesta Hotel, New Orleans, Louisiana
            Contact: 1-423-971-1551

February 18-21, 1999
   COMMERICAL LAW LEAGUE OF AMERICA
      Annual Western District Meeting
         Monte Carlo Hotel & Casino Resort,
         Las Vegas, Nevada
            Contact: 1-702-382-9558

February 28-March 3, 1998
   NORTON INSTITUTES ON BANKRUPTCY LAW
      Norton Bankruptcy Institute I
         Olympic Park Hotel, Park City, Utah
            Contact: 1-770-535-7722

March 18-21, 1998
   NORTON INSTUTUTES ON BANKRUPTCY LAW
      Norton Bankruptcy Litigation Institute II
         Flamingo Hilton Hotel, Las Vegas, Nevada
            Contact: 1-771-535-7722

April 26-27, 1999
   RENAISSANCE AMERICAN CONFERENCES & BEARD GROUP, INC.
      Bankruptcy Sales, Mergers & Acquisitions
         The Mark Hopkins, San Francisco, California
            Contact: 1-903-592-5169 or ram@ballistic.com   

April 28-30, 1999
   INTERNATIONAL FEDERATION OF INSOLVENCY PROFESSIONALS
      INSOL Bermuda '99 Conference of the Americas
         Castle Harbour Marriott Resort
            Contact: INSOL@weil.com

                   ***********

The Meetings, Conferences and Seminars column appears in
the TCR each Tuesday.  Submissions via e-mail to
conferences@bankrupt.com are encouraged.  

Bond pricing, appearing each Friday, is supplied by DLS
Capital Partners, Dallas, Texas.

S U B S C R I P T I O N   I N F O R M A T I O N     

Troubled Company Reporter is a daily newsletter, co-
published by Bankruptcy Creditors' Service, Inc.,
Princeton, NJ, and Beard Group, Inc., Washington, DC.  
Debra Brennan and Lexy Mueller, Editors.   

Copyright 1998.  All rights reserved.  ISSN 1520-9474.  
This material is copyrighted and any commercial use, resale
or publication in any form (including e-mail forwarding,
electronic re-mailing and photocopying) is strictly
prohibited without prior written permission of the
publishers.   

Information contained herein is obtained from sources
believed to be reliable, but is not guaranteed.  The TCR
subscription rate is $575 for six months delivered via e-
mail.  Additional e-mail subscriptions for members of the
same firm for the term of the initial subscription or
balance thereof are $25 each.  For subscription
information, contact Christopher Beard at 301/951-6400.  

           * * *  End of Transmission  * * *