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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Brown who wrote (49537)	12/18/2001 4:15:50 PM
From: Stock Farmer	Respond to of 54805

I hope for you that Austria's similar to Germany, where beer is legally defined as a food. Actually yes, I did not miss your reference to the shifting sands within the network i/f arena. On GE, no - I don't hold any (at least directly). Nor would I go out of my way to do so. Aside for being a reasonable proxy for the US economy, GE is also mostly a bank. I'm already a bit unexpectedly overweight in the financial sector (thank you Al Greenspan) so if anything I would be diversifying. So I don't see any reason flirting with the risk that Mucho is right after all. John.

To: Bruce Brown who wrote (49537)	12/19/2001 1:24:52 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 54805

I had mentioned fibre channel it's Fibre Channel. capitalized. somebody who's such a stickler for spelling and punctuation should be familiar with these things. just for that i get three free "Buffet"s. bring Mucho out of his cave to rant about the pension woes, accounting changes and anything else he can swipe with a sabre concerning GE.....) i figured you would try to lure me out...but the cave reference touches a bit too close to the OBL leitmotif 4 my taste. GE's earnings will benefit from the goodwill adjustment, but will be hurt by the pension adjustment. buffet wrote an interesting article not long ago on how pension-return estimates have changed over the years. posted on this thread, as i recall. of course, many cos will benefit from goodwill adjustments. it will be interesting to see how they characterize YoY comparisons, which could be very significant in some cases (not so much for GE). this was discussed inre Merck in the latest Barron's. the goodwill adjustment will be incremental and impact YoY earnings for one year only. pension adjustments may be ongoing.