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Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: Cindy B. who wrote (6773)	1/17/2002 1:57:28 PM
From: Catfish	Respond to of 48461

In addition to being a consultant for a while, I worked for many companies large and small. (AT&T and Georgia Pacific, plus several other lessor knows). Government regulation is strangling companies making it tougher to make a profit. The advocates of political correctness have won the battle. The hiring laws affect who is hired, who is promoted, how employees are terminated, working environment, and safety regulations. The larger companies are an invitation for a law suit. Employees and former employees file suit after suit hoping to collect. Unfortunately, most do. These conditions mean companies have to hire a host of lawyers just to stay in business. There is also the potential of product liability suits which places companies at risk as well. The legal strangulation companies must endure places a drag on potential profits for which the shareholders must foot the bill. Of course, The Green Party wants to have the feds take over the top corporations in the US. If this happens, corporate regulations will be the least of our worries.

To: Cindy B. who wrote (6773)	1/18/2002 10:45:01 AM
From: Bucky Katt	Respond to of 48461

Cindy, thanks for the good info/insight... And on that theme, EMR, which is a huge corp., is closing 50 plants & offices, cutting 4000 people, and moving that production to guess where, China/India!!!! Emerson CEO sees Q1 sales down, sets restructuring (UPDATE: adds details throughout) NEW YORK, Jan 17 (Reuters) - Emerson Electric Co. (NYSE:EMR - news), a diversified manufacturer, said Thursday it will close or sell more than 50 facilities and move operations and workers worldwide, to lower-cost areas mainly in Asia. Emerson, whose products range from garbage disposals to closet organizers and tools, began restructuring last fall by cutting salaried workers in an effort to compensate for recent ``overspending,'' Chief Executive David Farr said. Farr expanded on Emerson's restructuring plan at a meeting with analysts and investors on Thursday, following a quarter in which he said sales dropped 16 percent from a year ago. Emerson said it plans to step up its presence in China, India and other parts of Asia, a lower-cost region that accounts for 11 percent of sales. The company did not specify exactly how many jobs would be relocated to lower-cost regions. But Farr said 70 percent of Emerson's manufacturing headcount in its Network Power division will be in low-cost areas by the end of this year. Sixty percent, or 1,800 of workers, at its Motors and Appliance Controls workers will also be relocated. ``It was a very difficult quarter for us,'' Farr said of Emerson's fiscal first quarter ended on Dec. 31. Business was much weaker than expected in early November, when many customers cut back on their inventories, he said. The restructuring will save Emerson about $150 million in 2002 and result in total cuts of about 4,000 salaried jobs by the end of this year. This represents a 10 percent cut in salaried workers from January 2001 levels. Emerson has about 380 manufacturing facilities worldwide, with more than 120,000 employees. First-quarter earnings, scheduled to be released on Feb. 5, should fall in a range of 60 to 62 cents per share, the company said, under new accounting rules which don't require companies to periodically write off goodwill. Excluding the benefit of the new rules, Emerson said it expects first-quarter earnings of 51 to 53 cents per share. Analysts on average have a higher estimate, at 57 cents per share, according to Thomson Financial/First Call. Farr said he expects St. Louis-based Emerson's business to improve over each quarter in 2002, but did not see a ``major turnaround'' until late in the year, when most of the company's restructuring savings would be realized. Capital spending at Emerson will drop to $475 million in 2002 from about $550 million in 2001, Farr said. The company's shares rose as much as 5 percent on news of the restructuring, before ending up $1.79, or 3.44 percent, at $53.79 on the New York Stock Exchange. Once these jobs leave, they will never come back. I hope K-Mart is hiring,,,,whoops, maybe not..