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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: reaper who wrote (145946)	1/24/2002 3:06:18 PM
From: ild	Read Replies (1) \| Respond to of 436258

<<<If IBM woke up tomorrow AM and reduced their pension assumption to 7% (which is where Buffett thinks it should be) they'd wipe 2 years worth of earnings off their books.>>> I must be really dense but I'd think that reducing pension assumption would be beneficial to IBM. In 1999 IBM changed something in their pension plan. Was it wrong? usatoday.com Thanx

To: reaper who wrote (145946)	1/24/2002 4:23:26 PM
From: yard_man	Read Replies (2) \| Respond to of 436258

And still people keep buying this stuff -- amazing! >>JDS, which has shed over half its work force to keep up with sliding demand, said pro forma losses in the quarter ended Dec. 31 rose to $255 million, or 19 cents a share, compared with earnings of $208 million, or 21 cents a share in the year ago period. Losses according to generally accepted accounting principles (GAAP) totaled $2.1 billion or $1.60 per share. Sales in the quarter were less than one-third of year-ago figures, dropping to $286 million, from $925.1 million in the second quarter of fiscal 2001. Analysts polled by Thomson Financial/First Call had expected a loss prior to goodwill of 2 cents a share on sales of $284.3 million. The company warned in early December that sales would dip about 10 percent from the first quarter and fall in the range of $279.7 million to $296.1 million. <<

To: reaper who wrote (145946)	1/24/2002 6:57:10 PM
From: mishedlo	Respond to of 436258

If I flipped a coin and it landed heads up 10 times in a row, an actuary would say it is more likely to land heads up the 11th time when any moron knows its 50-50 1)I have no idea what an actuary would say 2)I do know that J6P would bet tails every time on the law of averages or some other such nonsense 3)Statistically speaking it does not matter and that is a fact if the game is fair..... but.... 4)I would bet heads every dam time on this ratio. Why? Cause I know the coin has at least one head guaranteed and how do I know it does not have two? M