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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: sylvester80 who wrote (21282)1/11/2002 5:45:22 PM
From: Sully-  Respond to of 99280
 
Sly,

9/11 hit the economy for more than one trillion dollars.

Investors took more than a trillion dollar hit when the bubble deflated.

Argentina is the largest default in history - $136 billion.

Enron is probably the worst & ugliest bankruptcy in history.

So far, the best explanation for the continued run in the equities markets since 9/21, is that it's already priced into the market..............

Me thinks that I could sell some swamp land in Florida to a whole lot of folks.



To: sylvester80 who wrote (21282)1/11/2002 5:48:36 PM
From: Jdaasoc  Read Replies (1) | Respond to of 99280
 
I though MSFT legal troubles would be a little more unsettling near close. Am I missing something on this.

Microsoft Statement on Court Decision to Not Grant Preliminary Approval Of Class Action Settlement
PR NEWSWIRE - January 11, 2002 16:34
REDMOND, Wash., Jan. 11 /PRNewswire-FirstCall/ -- Microsoft Corp. (Nasdaq: MSFT) issued a statement today in response to the decision by a U.S. District Court in Maryland not to approve a nationwide settlement of more than 100 class action lawsuits against Microsoft. The suits, which allege that Microsoft(R) products were overpriced, will now return to litigation.

(Photo: newscom.com )

Under the proposed settlement, Microsoft had agreed to provide more than $1 billion in cash, training, support and software to help make computer technology more accessible to public schools serving nearly 7 million of America's most economically disadvantaged children.

"While we are confident that Microsoft ultimately will prevail in these lawsuits, we are disappointed that we have missed this opportunity to improve education for disadvantaged children while resolving litigation," said Tom Burt, deputy general counsel for Microsoft.

"Microsoft went the extra mile to make this settlement work. We sought input from educators to fully address issues regarding the independence of the education foundation that was a key part of the proposed settlement. We also made modifications to the original agreement to ensure that schools would have the option to use the software and platform of their choice. Microsoft is always open to looking for reasonable ways to resolve litigation. We will review the courts opinion and at the same time move forward with the next steps in the litigation," Burt said.

Founded in 1975, Microsoft is the worldwide leader in software, services and Internet technologies for



To: sylvester80 who wrote (21282)1/11/2002 6:47:22 PM
From: Softechie  Read Replies (1) | Respond to of 99280
 
Do you know how many funds and institutions and investors own this company? Can you imagine the loss? May be more than Enron you think?