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Non-Tech : Conseco Insurance (CNO) -- Ignore unavailable to you. Want to Upgrade?

To: Tunica Albuginea who wrote (2626)	8/25/2000 8:14:15 PM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 4155

Mr. Irwin Jacobs On CNBC: My Take and that of YHOO poster dunnonuthin messages.yahoo.com Irwin Jacobs on CNBC @ 19:20 He talked about his company Genmar which has developed a new molding process for autos, boats, I believe, and which occupies most of his time. Interviewer Ron Insanna asked him about CNC. Q: What is this issue of trying to create a short squeeze? A:Well I didn’t think that it would happen immediately when I put the ads in the paper. I just wanted to sensitize people in what was going on. Q:Well stock is trading at 7.37 , only 37 cents above the highest price you paid. Do you think it will go back up. Q:Do you think it’s working? A: He chuckled:” People said: “ you can get as many shares to short you want “.” Well” said Jacobs,” I can tell you that as of today, you couldn’t find more than 1 million shares to short in all of Wall Street. Yes I think it will go up.In fact i bought more. Q:It’s just that CNC is in a poor financial situation and some people are concerned that CNC will not be able to make it’s payment before the Sept. 22 dealine. A: Jacobs chuckled again and said: “ people, people. Who are these people? What do they know? When you put 100 million dollars of your own money in you better believe that one makes sure what they are investing. CONSECO I think will turn out to be one of the best investments I’ve ever made. I will do VERY well and the shorts will do very poorly : he said and chuckled. ta ============================== you said messages.yahoo.com Subj: Mr. Irwin Jacobs On CNBC By: dunnonuthin Date: 8/25/00 7:50 pm The main thrust of the interview was in regard to the VEC technology that Gen-Mar (his privately owned boat manufacturing holding) possesses. With this computer driven open mold technique they can form with automotive tolerances in 35 minutes what used to take in excess of 24 hours. It greatly improves the quality and productivity and ultimately cost of production which will be passed along in the price of the final product. As regard to Conseco, Mr. Jacobs stated that it is the great opportunity of a lifetime. He is confident that future history will prove it a great investment while the opposite would be true for the shorts. Not only has he held all the shares but he is increasing his position. He thinks it will prove the best investment of his career.* Important: Ron asked about the ads and their effects. Mr. Jacobs said that it is clearly working. Before one could borrow an unlimited amount of shares, tens of millions could be easily borrowed. As of this very day today, one would have a hard time borrowing a million shares from the entire Street.** Ron also asked about Conseco's financial condition. Mr. Jacobs looked quite amused and said "when you put in a hundred million of your own money, you do a little bit of checking!" And there you have it, fellow Conseco shareholders. Straight from the man himself. One of the biggest names of the eighties. Bonus: Ron was asking that the "boys" (along with other big names of the eighties) seem to be making a come back after an absence in the nineties. Mr. Jacobs said that he's not looking to do any such thing but "quite committed to the present businesses, investments and communities."