S/P MAY DOWNGRADE GENERAL INSTRUMENT <GRL>
Standard and Poor's Corp said it may
downgrade the A-2 commercial paper of General Instrument Corp.
    S and P cited the firm's 80 mln dlr loss for fiscal 1987
and a 90 mln dlr loss on discontinued micro-electronic and
opto-electronic businesses and venture investments.
    These losses, coupled with restructuring and re-evaluation
actions, have led to poor earnings and cash flow since fiscal
1985. Stockholders equity fell 25 pct since fiscal year-end
1984 to a 465 mln dlr pro forma level, S and P said.
    S and P said it will assess the effects of management's
restructuring plans on credit quality and profit improvement.
 Reuter
