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To: Victor Lazlo who wrote (105775)	7/4/2000 4:09:03 PM
From: Glenn D. Rudolph	Respond to of 164684

Me too, Glenn. That is one prediction I hate to see come true. Victor Yup:-(

To: Victor Lazlo who wrote (105775)	7/4/2000 5:46:05 PM
From: Glenn D. Rudolph	Respond to of 164684

I would like some imput from anyone willing to pride it. I am at a total loss to understand why firms like Blue Nile and Miadora lose so much money. I placed the URLs to the respective diamond search pages and (I am biased) I believe mine, which was done internally and at no cost of high profile programmers, is better. Also, we own our inventory whereas Blue Nile does not own any from what I can tell. All their diamonds are not theirs at all but the diamonds of various suppliers that Blue Nile uses. That explains why Blue Nile take two days to ship almost every diamond on the site and the lab certificate is not on the site. Blue Nile has to also pay more for the diamond using this method. The dimensions are there due to the fact Polygon.net provides those for members of that trading group. Miodora hardly has any inventory but it does appear it is their own. Miardora just finished another round of financing of $20 million. Blue Nile just completed another round of financing too in April although I do not know the exact amount except some came from Paul Allen and Kleiner Perkins. So if neither of these firms have any significant money invested in their inventory, how can they be burning so much cash? I am really lost trying to understand this. Any thoughts would be appreciated. Blue Nile simple diamond search: bluenile.com Blue nile advanced diamond search: bluenile.com Miadora's only diamond search: miadora.com David Jewelers simple diamond search: zoominternet.net David Jewelers advanced diamond search: zoominternet.net

To: Victor Lazlo who wrote (105775)	7/5/2000 10:35:25 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Hey Victor, they're crushing Computer Associates today. Wonder why? CA is the most shareholder centric company you'll ever find. Yeah right!! > Dover, Delaware, June 22 (Bloomberg) -- Computer Associates Inc., a top software maker, won a judge's approval for a $230 million settlement with shareholders who claimed executives wrongly received more than $500 million in stock as special compensation. Lisa Sanders and Edward Bickel, who own shares in the Islandia, New York-based company, filed suit in Delaware Chancery Court in 1998, contending Chief Executive Charles Wang, Chief Operating Officer Sanjay Kumar and Executive Vice President Russell Artzt should return 9.5 million of the 20.25 million shares they received in executive compensation. The suits alleged the awards, enhanced by stock splits, exceeded the 1995 plan's limits and forced the company to take a $1 billion charge against earnings -- causing the stock to plunge 31 percent in a day. A judge later ordered the executives to hand over the 9.5 million shares, but during appeal, company officials and lawyers agreed to settle the case for return of 4.5 million shares, worth about $230 million today. The settlement ``constitutes a return of value to shareholders -- they should be pleased with this result,'' said Judge Myron Steele in approving the settlement today. Steele also agreed to award shareholders' lawyers 900,000 shares of Computer Associates' stock to cover legal fees and expenses. The fees are worth about $46 million today. Shares of Computer Associates, which reported $6.76 billion in fiscal year 2000 sales, fell 3 1/4, or nearly 6 percent, to 51 1/8 on the New York Stock Exchange today. The value of the shares has dropped nearly 27 percent so far this year. Jun/22/2000 16:47 ET