SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Oblomov who wrote (25040)10/5/2000 4:56:52 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
yes, i realize that. but OWC specifically cited the fact that weak demand in addition to the asbestos liabilities was what finally forced their hand. originally they expected to survive the asbestos thing.

on a more general note, i have a feeling that all that money the Fed keeps pumping in seems to be going up in smoke in the stock market. loans for securities at the banks rose sharply over the past two months...much of that is now in money heaven. an interesting new experience...



To: Oblomov who wrote (25040)10/5/2000 5:12:37 PM
From: Ken98  Read Replies (1) | Respond to of 436258
 
The defense costs alone are running hundreds of thousands of dollars per MONTH for even the smaller asbestos defendants. It's quite the cottage industry - a phalanx of lawyers (one for each of several defendants) sitting around in multi-day depositions reading pre-formatted questions. Lots of paper shuffling too.

After the insurance runs out...Well, we've now seen what happens after the insurance runs out.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News