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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (12352)	3/10/2001 10:32:49 PM
From: Ted Downs	Respond to of 30051

When GE tanks I want to be in PUTs for sure. If ZEEV give me a good entry I will take it. I want a piece of "the general" when it goes down. PS GE owned ward if you did not know. GE dictated bonuses, settlements etc. Keep me informed because I want to watch the faces of the CNBC crew the day the General goes down. I do think they are getting worried somewhat. They have been pretty smug previously almost to the point of arrogance or is it my read that's wrong. I know they have enjoyed hammering Lucent , Sun and Intel to name a few of the techs. What comes around can go around.

To: mishedlo who wrote (12352)	3/11/2001 4:47:55 PM
From: ajtj99	Read Replies (1) \| Respond to of 30051

O/T Mish, I beg to differ with you about Wards. Wards has been dead meat since Mobil bought them eons ago. What made you believe they could compete with heavyweights like The Gap, Walmart, BestBuy, Target, Limited, etc in 2001? They were living on borrowed time. They had no identity, lousy real estate, lousy logistics and buying, and no future. I was approached by buyers at Wards in 1986 to do business. I said thanks, but no thanks. They were bad then. I feel bad for you and your wife, but the fact that she was there over 20-years means she must have started just after Mobil bought them, I believe in 1978 or so. When an oil company buys a department store, watch out. As for GE, GE Capital is the lender of last resort in many cases. I know that from many of my customers who use them. Without GE Capital, it is likely your wife would have been out of a job half a decade ago or more. I love you story about the Chase deal, though. That illustrates some of the irrationality middle and upper management exhibit in a large corporate environment. Mistakes like you illustrated show up as "savings" instead of the waste that they are (spending 90% of the money on a project that is never completed).