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To: Jim Willie CB who wrote (45275)12/17/2001 11:44:37 PM
From: stockman_scott  Respond to of 65232
 
Hitachi storage group names new CEO

By Stephen Shankland CNET News.com

Monday December 17 06:00 PM EST

Hitachi Data Systems has named Shinjiro Iwata as its new chief executive and declared its intention to displace EMC as the top storage company by 2004.

Iwata, a 29-year veteran of HDS parent company Hitachi, spent four years at HDS, where he helped to create the alliance with Hewlett-Packard that propelled the company's high-end storage systems into mainstream use. Since August 2000, he's been general manager of Hitachi's International Business Planning and Development Division.

The company has aggressive plans for the future, including funds of up to $1.25 billion to invest in mergers and acquisitions within the next year. In 2002, the company's goal is more market-share expansion, a direction that likely means a continuation of the price war between HDS and its larger rival, EMC.

EMC and HDS specialize in high-end storage systems that can maintain connections with many servers simultaneously, handling large numbers of transactions as information is written to and read from databases. EMC once enjoyed plump profit margins, but the slumping economy has forced it to cut prices to keep up with competition from IBM's Shark product as well as HDS' 9900 "Lightning" system sold by HP and Sun Microsystems. Compaq Computer, too, now has a competing product.

EMC, unwilling to cede customers, saw its gross margin drop from 57.7 percent in the third quarter of 2000 to 30 percent in the same quarter in 2001.

Two other HDS executives have been promoted to new posts in the company.

Marlene Woodworth has been named executive vice president of global marketing and operations, where she will focus on expanding direct sales as well as partnerships with other sales channels. Christine Wallis now is vice president of global strategy and planning.

Iwata's predecessor, Jun Naruse, has been moved back to the parent company to lead its Information Systems and Telecommunications Group.

"Under my leadership the new executive team will continue to focus heavily on strategic direct sales, global alliances and technology innovation to forge ahead with our goal of becoming the No. 1 storage company by 2004," Iwata said in a statement.

________________________________

The patient Japanese seem to want to be a MAJOR player in the global storage market...EMC should not take anything for granted.

BTW, I tend to let my right brain dominate...I often am better off when i'm working with a few very logical and practical left brainers...we compliment each other nicely...=)



To: Jim Willie CB who wrote (45275)12/17/2001 11:52:58 PM
From: stockman_scott  Read Replies (1) | Respond to of 65232
 
Bin Laden Bounty Comes With Complications

Monday December 17 10:26 PM EST
By Andrew Chang ABCNEWS.com

Tractor trailers full of money is the price on bin Laden's head — will anyone get it?

The spirit of old-time Texas manhunts is alive and well in Afghanistan (news - web sites).

In Afghanistan, a Central Asian country of sand and dust, the staccato clap of galloping hoofs and the smell of gun smoke are as familiar as they were in the Old West.

And so is the "Wanted" poster. In the days after Sept. 11, Texas-bred President Bush (news - web sites) told reporters about his search for Osama bin Laden (news - web sites), the alleged mastermind of the attacks on New York and Washington.

"When I was a kid I remember that they used to put out there in the Old West a wanted poster. It said, 'Wanted: Dead or Alive,'" he said.

Last week, Defense Secretary Donald Rumsfeld said he was placing a bounty on the heads of a "discrete number" of bin Laden's colleagues in al Qaeda and the Taliban. He said $10 million would be offered for information leading to the capture of Taliban supreme leader Mullah Mohammed Omar.

The government had already been offering a $25 million reward for information leading to bin Laden's capture or death.

These are bounties never faced by Jesse James or any others of the worst of the Old West. What the United States is offering is an almost unimaginable amount in Afghanistan, a country of farmers, bandits and herders.

The average yearly income is around $200 — or 950,000 afghanis.

If an Afghan managed to get the $25 million reward, he'd get 118 billion Afghanis — an amount that would fill more than 3,500 18-wheel tractor trailers.

Reading the Fine Print

But that's highly unlikely, say many experts — including those giving the rewards.

Richard Boucher, a spokesman for the State Department, which funds the bulk of the reward, has stressed that the sum is "up to" $25 million.

Rumsfeld has also suggested scenarios in which information might pass through many hands before leading to bin Laden — and so would any potential reward.

"My guess is what would happen is some person, some human being somewhere, would have a scrap of information, and they would go to their leader, their — the tribal chief for that activity, and they then would see what they think about that. And then they might move that piece of information someplace else," said Rumsfeld.

"By the time you're through, the amounts of money that would be spread would vary, depending on the contribution that person actually made," he said.

The largest reward ever given out by the State Department totaled $2 million. That sum was paid for information leading to the arrest of Ramzi Yousef, mastermind of the 1993 World Trade Center bombing, who was hiding in Pakistan.

But there's no way to tell what happened to the reward or how it was spent. Experts say they think the informants were given a new identity and relocated to the United States.

A State Department official also pointed out that there is no way to apply for a reward.

An interagency committee, consisting of officials from the FBI (news - web sites), CIA (news - web sites), Justice Department (news - web sites), State Department and others, weighs the importance of the information, its reliability and degree of risk involved in obtaining it.

Then it makes a suggestion to the secretary of state, who ultimately decides on the amount.

Rewards have been for as little as $50,000. About 20 different rewards have been paid out in the time the program has been in effect, totaling more than $8 million.

A Chicken for a Kingdom

For the Afghan looking for a quick cash bonus with less rigamarole, there are other options.

Bin Laden's al Qaeda organization has also offered a bounty of $100,000 for any American soldier, $6,000 for a captured U.S. military uniform, and $3,000 for a captured American gun.

Taliban leader Omar has offered $50,000 to any Afghan who kills a Western journalist, although it's not entirely clear Omar or bin Laden could make good on their rewards at this point.

And despite all the money available, experts doubted that rewards would motivate many Afghans.

"I just don't think that money motivates the way that religion and ideology motivates [in Afghanistan,]" said Dana Ward, a professor at Pitzer College in Claremont, Calif.

He pointed out that Afghans value connections, respect and power more than cold, hard cash. Offering an example, he said, "The poorest people will sacrifice their last chicken to give to a guest."

It's a tradition borne out of their country's central place on the ancient Silk Road, he said — but appealing to other aspects of this ancient value system also offered ways to get at Osama bin Laden.

Afghanistan's place at the crossroads of innumerable trade routes has given its natives an unusual hostility toward foreign interlopers. Ward predicted this would be more effective in motivating Afghans to chase down bin Laden, a Saudi exile, and even the Taliban, many of whom were raised in Pakistan's madrassahs , or religious schools.



To: Jim Willie CB who wrote (45275)12/18/2001 1:27:05 AM
From: stockman_scott  Respond to of 65232
 
Enron Board Comes Under a Storm of Criticism [NYT]...

Message 16798079

<<...Enron directors certainly were well compensated. They are ranked seventh in total remuneration in 2001 with $380,619 worth of cash and stock, according to a director compensation study by Pearl Meyer & Partners, a New York based compensation consulting firm, which based the rankings on the value of a company's stock on the date of its annual meeting.

Whether the directors engaged in insider trading remains to be proved, of course, but the sales by members of the board raise questions. "As a director, you should never sell stock until you leave a company's board," said Charles M. Elson, the director of the Center for Corporate Governance at the University of Delaware. While selling stock is a director's legal right, the sale sends a bad signal to shareholders, he said.

"There really is no good reason to do it," Mr. Elson added...>>



To: Jim Willie CB who wrote (45275)12/18/2001 11:07:32 AM
From: stockman_scott  Respond to of 65232
 
Rumsfeld Addresses NATO on Terrorism

Tuesday December 18 10:15 AM ET

By JEFFREY ULBRICH, Associated Press Writer

BRUSSELS, Belgium (AP) - Defense Secretary Donald H. Rumsfeld on Tuesday said NATO (news - web sites) must brace for more surprises from terrorists using everything from computer hackers to cruise missiles to wreak havoc on cities around the world.

``We need to face the reality that the attacks of Sept. 11 - horrific as they were - may in fact be a dim preview of what is to come if we do not prepare today to defend our people from adversaries with weapons of increasing power and range,'' Rumsfeld warned fellow defense ministers at NATO headquarters.

The NATO meeting was held in private, but Rumsfeld's staff made available copies of his remarks that had been prepared in advance.

``As we look at the devastation they unleashed in the U.S., contemplate the destruction they could wreak in New York, or London, or Paris, or Berlin with nuclear, chemical or biological weapons,'' Rumsfeld said, according to the prepared text of his speech.

Fresh from a visit to Afghanistan (news - web sites), Rumsfeld cited new threats, including attacks on computer systems and satellites. Terrorists could get their hands on advanced conventional weapons, cruise missiles, ballistic missiles - or even nuclear, chemical and biological weapons, he said.

``All of these are emerging dangers,'' he said, according to the text. ``None can be ignored.''

Afghanistan is not the only country where terrorists operate and al-Qaida is not the only terrorist network, he said, repeating President Bush (news - web sites)'s statement that countries that harbor terrorists ``will be held to account.''

``It should be of particular concern to all of us that the list of countries which today support global terrorism overlaps significantly with the list of countries that have weaponized chemical and biological agents, and which are seeking nuclear, chemical and biological weapons - and the means to deliver them.''

NATO has invoked Article 5 of its founding treaty, declaring that the attacks on the United States in September should be treated as an attack on all 19 members of the alliance. But NATO has had no front-line role in the war in Afghanistan and none is envisaged.

Though NATO's 1999 strategic concept cites terrorism and the spread of weapons of mass destruction as among the major threats facing NATO, the alliance is still heavily geared toward fighting wars of territorial defense instead of terror.

Rumsfeld told fellow ministers that now is the time - while Sept. 11 is still fresh in the minds of people everywhere - to increase defense spending.

NATO Secretary-General Lord Robertson added: ``We must draw the necessary conclusions, even if that means additional resources for defense and security and new balances inside our defense programs.''

The defense ministers are expected to call on the allliance to develop a new concept for defense against terrorism, reviewing NATO's current effectiveness in this fight, developing new capabilities to fight terrorism and the proliferation of chemical, biological and nuclear weapons, and improving information-sharing, a senior NATO official said.



To: Jim Willie CB who wrote (45275)12/19/2001 8:48:41 PM
From: Percival 917  Read Replies (2) | Respond to of 65232
 
Hi Jim,

In reading on more of the ID software like VSNX they can be easily fooled if you wear a hat and beard. There are still bugs to be worked out yet.

Later,
Joel