Take This Job's (Stock) and Shove It!
People are putting less of their 401k money into the stock of the companies they work for.
For the last 10 years, employees have routinely had large holdings of their employer’s stock in their retirement portfolios. With financial analysts recommending
diversification, employees have cut their investment in their own companies, from a high of 35.2 % two years ago, to the current 30.2%...even with the drop,
most financial planners will tell you not to have more than 15% of your portfolio in the stock of the company you work for.
On the lighter side, things in New York are looking like the old TV show, The Jeffersons..
Nearly 30 years ago, George Jefferson was "Movin on Up" from Harlem to the East Side
Today, amid controversy, William Jefferson (Clinton) is moving his office from the East Side to Harlem!
The things TV will do during ratings sweeps......
This week on Emerging Company Report........
Serge Parienti, VP of Elva, Inc. (OTC-BB: EVAI), appeared on the program via satellite from Paris, France and spoke of his company’s VocalID technology.
“VocalID is a secure system that will authenticate users through the use of sound”, said Parienti. “A VocalID cardholder will simply hold a personalized VocalID
card to a computer's microphone, allowing the individual to access various value-added services and achieve secure online transactions”.
Anthony Lapine, CEO of Semotus Solutions, (AMEX: DLK) formerly Datalink.net, appeared on the program directly from the floor of the American Stock
Exchange and described his company as a market-leading wireless infrastructure provider delivering end-to-end wireless solutions to its enterprise customers.
“Wireless is to communications and commerce today what the old Internet was six years ago”, said Lapine. “We feel our company matches favorably to
competition like Aether Systems, Inc., a larger company whose stock trades at six times what ours does”.
Steve Rosenthal, Ed.D., President of The Majestic Companies, Ltd. (OTC-BB: MJXC) spoke of his company’s Safe-T-BarTM for school buses being featured
in a CBS-TV affiliate news story.
CEO Gifford Mabie of Maxxon, Inc. (OTC-MXON) demonstrated the prototype of the company’s safety syringe, designed to eliminate accidental needle sticks..
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Emerging Company Report television program, Copyright 2001, all rights reserved. Emerging Company Report does not provide an analysis of companies'
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