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To: tcmay who wrote (137321)	6/13/2001 2:02:19 PM
From: GVTucker	Respond to of 186894

tcmay, RE: If they could do this they would then be better off getting rid of all manufacturing and just operating as a hedge fund. They tried that. It did fine as long as the market did fine; it didn't work too well once the market started dropping.

To: tcmay who wrote (137321)	6/13/2001 2:03:50 PM
From: geoffrey Wren	Respond to of 186894

RE: (I applaud AMD, by the way, for pursuing a suit against Alcatel for ordered a huge pile of chips and then cancelling. Orders are contracts, and contracts should be enforceable. While it may not always be wise to sue potential customers, this business of customers thinking they can place orders and then cancel them willy-nilly has got to be dealt with.) I agree. It seems that allowing such practices contributes to the boom-bust cycles. I don't understand why they don't do what airlines do. You pay more for a fully cancellable contract. Or in real estate or stock, you sell options on what might or might not be purchased. When a contract can be cancelled without cost, a contract is in reality a free option to purchase given to the possible purchaser.