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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (30290)	5/2/2000 1:02:00 AM
From: Thomas M.	Respond to of 42523

A couple of good snippets from Grant's Interest Rate Observer: Slo-mo LBO "International Business Machines Corp., which has been engaged in a de facto going-private operation for the past five years, disclosed first-quarter results that passed the CNBC test. True, revenues were down by 4.8% and cash on hand declined by more than $2.2 billion (the biggest quarterly drop in memory), and the much-vaunted service business disappointed, but earnings were 'better than expected', to quote CFO John Joyce." L.A. arbitrage "According to the March 27 Los Angeles Business Journal, the latest fad among bubble-blessed Angelenos is to buy up their neighbors' houses and raze them. In the 1980s-a decade with fewer zeroes and commas in the nation's brokerage-house statement-moguls would demolish a house (a 'scraper') merely to put up a bigger house. Now, they raze in order to pastoralize. 'It's all about creating a soothing compound that serves as an expansive, verdant buffer to the outside world', according to the paper."