Sunbeam's Sole Ray Of Hope

With its $2.6 billion debt wiped clean, it can start over

Where have you gone, Joe DiMaggio? Years ago, the avuncular endorsement of the late New York Yankees superstar helped make Mr. Coffee the leading drip coffeemaker in the U.S. Mr. Coffee, which was acquired by Sunbeam Corp. in 1998, is still No. 1. But Sunbeam could use Joltin' Joe's magic touch. On Feb. 6, the Boca Raton (Fla.) appliance maker struck out, filing for Chapter 11 bankruptcy protection.

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