DELISTING ON NYSE LEADS TO TALK OF POSSIBLE CONVERSE SALE

          Converse faces "delisting" by the NYSE since it has
     fallen "below the Big Board's market value and shareholder
     equity minimums," according to Greg Gatlin of the BOSTON
     HERALD.  Converse was worth "about" $35M as of Friday, below
     the NYSE's $50M minimum, and the "danger of dropping off the
     Big Board" had some observers "wondering if the company is
     ripe for a sale."  Gatlin: "Analysts say Converse needs
     additional financing, and some insiders have begun asking
     whether a buyer might step in."  Freeman Securities analyst
     Ben Bayse: "There's only so many times you can squeeze ...
     before eventually you don't have a business."  Converse Dir
     of Investor Relations James Canty said that the company "is
     looking at several financing alternatives, but not a sale." 
     Canty: "We are looking for ways to finance the business more
     efficiently at lower costs" (BOSTON HERALD, 11/10).