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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: lorne who wrote (75350)	8/20/2001 10:30:20 PM
From: lorne	Respond to of 116932

Report: J.P. Morgan Chase to Eliminate 8,000 Jobs, Rather Than the 5,000 Predicted Earlier The Associated Press Published: Aug 20, 2001 NEW YORK (AP) - J.P. Morgan Chase & Co., the country's second-largest bank, will cut 8,000 jobs because of sluggish market conditions, rather than the 5,000 it had announced earlier, Dow Jones Newswires reported Monday. The cuts would represent about 8 percent of the bank's work force of about 100,000, Dow Jones reported, citing unnamed company sources. Company spokesman Joe Evangelista declined comment. Dina Dublon, the company's chief financial officer, said last month that cuts would significantly exceed the 5,000 figure announced in December but did not provide a number. In July, the company reported that second-quarter earnings tumbled more than 75 percent as the bank faced steep declines in fees from underwriting and stock trading, and big losses in its venture-capital division, primarily related to technology and telecom investments made in 1999 and 2000. J.P. Morgan Chase was formed by the merger Dec. 31 of the Chase Manhattan Corp. and J.P. Morgan & Co. ap.tbo.com

To: lorne who wrote (75350)	8/20/2001 11:06:43 PM
From: gold$10k	Read Replies (1) \| Respond to of 116932

Would you trust an analyst who can't do simple math? "Any investor who bought gold in last the five or ten years would have seen their investments in the yellow metal almost cut in half, down from $400 a once in 1995 to just $278 an ounce today." 278/400 = down 30.5% = almost cut in half? He could have made his point quite well without exaggeration. "A better option for the true long-term investor is to take advantage of depressed markets and continue to invest in stocks and shares." The market and the economy are gonna turn around any day now... hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha!!!!!!!!!!!!!!!!!!!! vt