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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (7159)	12/3/2000 3:07:24 AM
From: D.B. Cooper	Read Replies (1) \| Respond to of 13572

Just looking for very short term plays maybe 4 to 5 SAFE points at the most. I am not long on anything. Waiting for the tide to turn. I think their might be a small run after someone is declared the President. We still have to work through all these rate hikes. Playing just one or two stocks at the most for 2 to three points at the most and then out. I hate it. Holding onto my cash. Wishing you and your business the best of luck Greg. Thanks

To: Boplicity who wrote (7159)	12/3/2000 3:38:47 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 13572

Greg, RE: EMC vs. NTAP. I know you follow these: Message 14933515 Any comments? What about MCDT & STOR, NAS vs. SAN? WS

To: Boplicity who wrote (7159)	12/3/2000 3:54:41 PM
From: mishedlo	Read Replies (1) \| Respond to of 13572

Greg any comments on this : Take Cisco, the archetype of the New Economy. In the year to July 2000 Cisco reported net income of $2.668 billion, or $0.36 per fully diluted share, up 24 percent from the prior year. However, in the same year, employees exercised options on 176 million shares, at a weighted average exercise price of $5.75 per share. New options were granted on 295 million shares, at a weighted average price of $52.10 per share. Making the rough assumption that the market price when new options were granted was the same as that when old options were exercised, we can calculate the net transfer of wealth to employees from 1999-2000's option exercises under the Cisco share option scheme, as $52.10 minus $5.75 per share, or $46.35 per option exercised. Multiply by 176 million options exercised, and you get a total wealth transfer from stockholders to employees, entirely outside Cisco's income statement, of $8.158 billion. I see no difference from the stockholders' point of view between paying employees via stock options or paying them in cash; either method removes wealth from the stockholders. If Cisco did not give stock options, they would have to pay employees much more to keep them; the stock options are merely a form of executive compensation, a very expensive one in Cisco's case. Taking this into account, instead of a net income of $2.668 billion in 1999-2000, Cisco stockholders actually suffered a net loss after stock option exercises of $5.49 billion. Repeating this arithmetic for previous years demonstrates that Cisco has not made a true profit in any year since at least 1996. Thus Cisco's entire market capitalization, currently around $360 billion, is based on earnings that are in real terms consistently negative, but are not clearly reported as such. To me, that smells like fraud.

To: Boplicity who wrote (7159)	12/3/2000 8:18:54 PM
From: Boplicity	Respond to of 13572

Top fragrance makers back computer scents pioneer By Eric Auchard NEW YORK, Dec 3 (Reuters) - DigiScents Inc., the much-ballyhooed U.S. start-up seeking to give computers a sense of smell, was set on Monday to disclose that it has won the backing of two leaders in the global fragrance industry. The Oakland, Calif.-based DigiScents said Givaudan of Switzerland and Quest of the Netherlands have taken minority equity stakes in return for being named "preferred fragrance suppliers" of the pioneering technology company. "This deal is the largest joint investment by the fragrance industry in a new technology," Joel Bellenson, chief executive and co-founder of DigiScents, said in an interview on Sunday. "The fragrance makers are a key part of our supply chain," Bellenson said. "Their backing lays the groundwork for much deeper collaboration." Terms of the deals were not disclosed. The chief executive of closely held DigiScents said the company had received a total of $20 million in backing to date, including $10 million in February from Hong Kong-based Internet investor Pacific Century CyberWorks. By the second half of next year, major players in the advertising, packaged goods and video game industries will begin using DigiScents' digital smell-sensing technology to recreate thousands of odors via a personal computer-based smell amplifying device. FRAGRANCE BACKERS KEY TO CONSUMER LAUNCH Bellenson said the initial deal covered only the development of the company's scent emission system. Givaudan and Quest will supply the raw materials that DigiScents will use to create scent cartridges used to create odors. The devices work like color printer cartridges, but instead of ink to paper they pump a palette of scents into the air. Just as a few primary colors can be used to create thousands of shades, essential oils can be blended to create widely recognizable scents, scientific research have shown. The system will be available to consumers in the middle of 2001. DigiScents' iSmell consumer device, which looks like a small stereo speaker, connects to a PC and can blend 128 basic scents into a much larger number of smells. DigiScents has created a database that compares computer smell recordings to thousands of human tested smells. This human-machine interface opens the possibility of communicating a wide range of smells over electronic networks. A NEW INDUSTRY: 'AROMA GENOMICS' Future collaboration could include applying the deep-scent expertise of the two fragrance houses to DigiScents scent-recognition software, forming a crucial piece of any computer smell detection and emission system, he said. DigiScents has taken the lead in bringing together recent advances in genetic research and computing technology for what Bellenson calls, partly in jest, "'aroma genomics,' the biological and psychological exploration of 'odor space.'" "We are bringing together unrivaled capabilities in sensory science, fragrance technologies, and artistic know-how," Bellenson said of the pact with two leaders in the $50 billion worldwide food, beverage and fragrance industry. Quest is the food and fragrances unit of British chemical groups Imperial Chemical Industries Plc. Givaudan was spun off from Swiss drug and chemical giant Roche Holding Ltd. in June. "(Givaudan's) international creative base of world-renowned perfumers will enable this alliance to find superior solutions for revolutionary applications of fragrances," Jrg Witmer, chief executive of Givaudan, said in a statement. To date, DigiScents has released product-developer kits to Web site designers, packaged goods marketing companies and more than 3,700 individual computer video-game developers.