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


To: Mr. Pink who wrote (3400)10/5/2000 5:21:24 PM
From: 44magnumpower  Read Replies (3) | Respond to of 4155
 
I'd be careful if I were you I think Irwin can sue the crap out of you for that! He has plenty of money & lawyers to play with you & strip you bare of assets.
I'll forward it to him!
Message 14522715



To: Mr. Pink who wrote (3400)10/5/2000 6:32:08 PM
From: who cares?  Read Replies (1) | Respond to of 4155
 
Isn't the gentleman(besides Jacobs) that you referred to as corpulent in this photo
irwinljacobs.com

None other than Delta house pledge, Kent "Flounder" Dorfman?

CMB(svelte nuclear plant owner)



To: Mr. Pink who wrote (3400)10/5/2000 7:40:50 PM
From: StockDung  Respond to of 4155
 
WorldCom's CEO to sell stock to cover margin call


NEW YORK, (Reuters) - In the latest disappointment for brash deal-maker Bernie Ebbers, the WorldCom Inc. chief executive has been forced to sell about 11 percent of his stake in the telephone and data company to cover a margin call caused by the decline in the company's stock price.

Ebbers, like other corporate executives such as Track Data Corp. Chief Executive Baruch Israel Hertz, faced a margin call that required him to raise funds to back stock bought with borrowed funds.

Buying under margin allows investors to borrow funds from a brokerage firm to buy stock. An investor must maintain a certain level of cash or securities in an account to cover the margin transactions. When the value of margined securities falls below the required levels, a ``margin call'' requires an investor to put up additional cash or securities.

Ebber's margin call came as shares of WorldCom have fallen about 51 percent this year.

Clinton, Miss.-based WorldCom said Thursday Ebbers planned to sell 3 million shares of the telephone and data company's stock, or about 11 percent of his stake, to raise money that would cover WorldCom shares bought on margin.

Ebbers filed with the Securities and Exchange Commission on Sept. 28 to sell the stock, which was worth about $78.2 million. Ebbers owned about 27 million shares of WorldCom stock at the time of the filing, the company said.

The filing cited Sept. 28 as the approximate date of sale, but the company could not confirm whether the sale had taken place.

WorldCom spokeswoman Claire Hassett said Ebbers had bought WorldCom shares on margin, but she declined to provide additional information. The SEC filing indicated that Ebbers bought the 3 million shares on the open market in 1996.

Shares of WorldCom closed at $25-15/16, down $2-1/4, or nearly 8 percent, in heavy trading on Nasdaq. Traders cited Ebbers' stock sale as a reason for the weakness.

WorldCom, like other telecommunications stocks, has been hit by investors' concerns about increasing competition and price wars in the long-distance telephone market, and the high cost of building high-speed data and wireless networks.

The collapse of WorldCom's merger with Sprint Corp. further spooked telecom investors and marked the first failed merger attempt by Ebbers, who has acquired more than 60 companies in the past decade.

In the wake of the failed Sprint deal, WorldCom has been struggling with competition and price pressure in the stagnant consumer and wholesale telephone businesses. WorldCom in July cut its sales growth forecasts for the second half of the year.

WorldCom currently is mulling the creation of separate companies or tracking stocks for its consumer and wholesale businesses. The company may jettison the slow-growing units so it can concentrate on its fast-growing data, Internet and international operations.

The SEC filing indicated that the shares Ebbers planned to sell were subject to a secured forward sale contract. Such a pact allows Ebbers to get money for the value of the stock but deliver the shares at later time.

The most recent high-profile margin call was against Hertz, head of the stock-trading firm Track Data. Hertz owed $45 million to various brokerage firms because of margin calls.

19:00 10-05-00



To: Mr. Pink who wrote (3400)10/6/2000 1:30:51 PM
From: Cogito  Respond to of 4155
 
Pinky -

Obviously, if the man is fat he can't possibly make good investment decisions.

Thank you for that cogent analysis.

- Allen



To: Mr. Pink who wrote (3400)10/7/2000 3:29:35 PM
From: Tunica Albuginea  Read Replies (2) | Respond to of 4155
 
Pinky brain devoid of red blood: Therefore Sir Winston Churchill
must have been demented and a moron because he was
definitely obese:

"Sir Winston Churchill looks a little odd in this photo from his website"

thehistorynet.com
Rather puffy and red faced. One could reasonably inquire whether he has been hitting the bottle.

Certainly, he appears not to be "too thin"

And in this photo below

although he is draped in a large dark suit, the jowels and the fleshy face also indicate midwestern obesity.

earthstation1.com

Now look at the size of his tux!

earthstation1.com

finally, the shot of his boating team also does not indicate much restraint on their part in the food consumption department.

earthstation1.com

defreitasbooks.com

If you piece these photos together, you get a view of a man that is a bit overstuffed, like his position in CNC.

If you piece these photos together, you get a view of a man that is a bit overstuffed, like his position in british politics.

Mr. P$nk
Just an observation


=====================

Pinky do you understand now why you are not taken seriously ?

<VBG>

TA

=====================

Message #3400 from Mr. Pink at Oct 5, 2000 5:12 PM
Irwin Jacobs looks a little odd in this photo from his website

irwinljacobs.com

Rather puffy and red faced. One could reasonably inquire whether he has been hitting the bottle.

Certainly, he appears not to be "too thin"

And in this photo below

irwinljacobs.com

althogh he is draped in a large dark suit, the jowels and the fleshy face also indicate midwestern obesity.

Now look at the size of his tux!

irwinljacobs.com

And the girl who he seems to be fondling while her also corpulent husband looks on. Two tubs of lard.

finally, the shot of his boating team also does not indicate much restraint on their part in the food consumption department.

irwinljacobs.com

If you piece these photos together, you get a view of a man that is a bit overstuffed, like his position in CNC.

Mr. P$nk
Just an observation