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To: Glenn D. Rudolph who wrote (140037)	2/28/2002 5:54:14 PM
From: GST	Respond to of 164684

"I do not know the Lehman Brother's guy but I doubt he knows the jewelry business." Neither do I which is why I asked you -- thanks for the insight.

To: Glenn D. Rudolph who wrote (140037)	2/28/2002 7:32:30 PM
From: H James Morris	Read Replies (3) \| Respond to of 164684

Glenn, we all love Laura. >>How many people can remember when "Upper Peach Street" was the area that began after the 26th Street intersection and was once a two-lane highway that eventually became a rutted dirt road? Glenn Rudolph remembers it well. He grew up here in Erie. His grandfather, Seymour Rudolph, opened the family's first jewelry store, "Seymour Jewelers", in 1937. It was on State Street, right next door to "The Boston Store"; a department store so well known that highway signs were posted at regular intervals, "Ten Miles to The Boston Store". Downtown Erie was the commercial hub of the city and Seymour Jewelers did well. Without highway signs. Glenn believes part of the reason for his grandfather's success was his way of doing business. Credit was given on a handshake and a promise to pay. And it worked. Well, most of the time, anyway. In 1957, Seymour's son, David, opened his first jewelry store, "David Jewelers", at 1012 State Street. He soon learned what Dad had known all along; business was better further north. In 1960 he moved David Jewelers to 8th and State, on the other side of The Boston Store. Business was booming and competition was not a problem. It was all in the family. In 1964, David opened his second store at 38th and Liberty in the Liberty Plaza, now called the Liberty Center. It quickly became a great success. In 1967 the Erie City Parking Authority, claiming eminent domain, built a parking lot where David Jewelers State Street store was located.David moved his store to the Carlisle Mall, a recently built block of stores between 8th and 9th on Peach Street. This remained his downtown location until his retirement in 1982. Seymour Jewelers continued to operate at its original location until 1974, when Seymour retired. David Jewelers' two locations did so well during the 60's and early 70's, that David opened a third store in 1970 in Meadville at the Meadville Mall. Six years later, he sold this store to his son, Glenn, who broke with family tradition by not changing the store name to "Glenn Jewelers". It has remained "David Jewelers". From grandfather, to father, to son, there must have been a genetic streak of good business sense, for Glenn was able to double the store's earnings every year for the next four years and continue growth at an average rate of 20% per year. In 1992, Glenn purchased "Rozel Jewelers" from, (you'll never guess), his mother, Sema! This was the Liberty Plaza store in Erie that his father had opened in 1964 and which became his mother¹s after a divorce settlement. In case you¹re curious, "Rozel" was a combination of Sema's mother¹s name, Rose and her sister¹s name, Zelda. Rozel Jewelers was having problems, and they weren¹t all because of the new business growth on upper Peach Street, (which I¹m sure you've noticed, is no longer a rutted dirt road). In 1999, Glenn made two important changes. Rozel Jewelers became David Jewelers once again and Glenn hired a new manager. His name is Nicholas Rudolph and he is our son. To say that we are very proud of him would be a gross understatement. And yes, we believe he has inherited that same sense of good business. Laura A. Rudolph