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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (88512)	1/15/2001 6:51:28 AM
From: Earlie	Respond to of 132070

Mis: Heh, heh, heh. I wrote some fairly passionate commentary in the TTR about the stupidity of companies selling put options against their own stock (I have also been told that it was our stuff on this topic that got the SEC up in arms about it). This madness, plus buying back stock at expensive prices are the two most insane ideas that emerged from this dying mania. As noted in the article you post, the cost will not be cheap. Couldn't happen to more deserving folk. (NG) Best, Earlie

To: mishedlo who wrote (88512)	1/15/2001 11:22:58 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

M, Here is the funny part. If you are a co. and about to lose money, the puts you sold get turned into shares and a loss gets diluted by the new shares to something less. And all of the analysts will say: "the co. has a tough operating environment, but smart mgt. moves have helped them reduce losses below what we expected." Of course, if they ever recover, it will be hard to make eps growth with all those new shares.

To: mishedlo who wrote (88512)	1/15/2001 1:38:56 PM
From: mishedlo	Read Replies (1) \| Respond to of 132070

Now for some positive news - CSCO "SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 15, 2001--Cisco Systems today introduced the Cisco WT-2750 Multipoint Broadband Wireless System, a carrier-class solution for fixed wireless communications. Designed specifically for service providers, the Cisco WT-2750 provides performance, scalability, security and ease-of-provisioning equal to that of alternative wireline broadband networks, such as cable and Digital Subscriber Line (DSL). As a result, service providers now have an alternative or complementary ``last mile' access solution that enables them to deploy services in areas where cable and/or DSL are not available or cost-effective, without the costs and labor associated with laying fiber or copper wires." biz.yahoo.com