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To: yard_man who wrote (147847)	2/1/2002 1:53:17 PM
From: Real Man	Read Replies (2) \| Respond to of 436258

JPM are the biggest shareholder in HGMCY

To: yard_man who wrote (147847)	2/1/2002 2:08:24 PM
From: Joseph Beltran	Read Replies (1) \| Respond to of 436258

ot, way too funny. here's a brief excerpt from a los angeles times business section article: Enron (ENRNQ: news, chart, profile) shattered that illusion. It didn't really make sense for a company to brag that it was "asset-light," as Enron did. We thought assets were a major part of value. But Wall Street went along like Enron was the best thing since leveraged buyouts, investment money flowed in, and we figured we were just too dumb to understand this New Economy. Now we know we weren't the only fools. Another example: Global Crossing (GBXGQ: news, chart, profile) goes $12.4 billion in debt to buy and build an international network for which the market has not yet developed. When it declares bankruptcy, CEO John Legere says everything is really OK, because "ours is a balance sheet issue, not an operational one." It's too late for Global Crossing shareholders, but we know that's baloney. If you borrow billions to build something you can't sell, you've got an operational problem.