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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: AC Flyer who wrote (16826)	3/15/2002 10:11:32 AM
From: Frank Pembleton	Read Replies (1) \| Respond to of 74559

AC -- a forest/trees thing -- yeah like... Japan's debt is 6 times their GDP. But then again there isn't any bears in the forest, eh? Regards Frank P.

To: AC Flyer who wrote (16826)	3/15/2002 10:47:19 AM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

You are right about the extraordinary times ... cleveland.com Business News Tech companies finding it slow to reboot, report says 03/15/02 Alison Grant Plain Dealer Reporter Tech-related jobs - particularly those in telecommunications - are not sharing in the economic recovery. Companies did away with 61,000 telecom jobs in January and February, and other tech-sector companies cut 24,000 more, according to a report yesterday by the outplacement firm Challenger, Gray & Christmas. "Overcapacity, a glut of competitors and a lack of capital spending by companies on new networking and telecommunications equipment are making it difficult for even the strongest companies to avoid the turmoil," Chief Executive John Challenger said. The report came on the heels of warnings of reduced earnings by equipment manufacturer Lucent Technologies Inc. and cell phone maker Nokia, and confirms that the worst may still be ahead for the tech domain. The only areas showing much sign of health are e-commerce and computers, where jobs cuts are slowing. In computers, for example, employers have announced plans to cut 11,400 jobs so far this year. The number of job cuts is down 30 percent from the 16,200 cuts announced as the tech market tumbled in early 2001. In Northeast Ohio, tech companies are gradually steadying themselves, said J. Pari Sabety, director of the Ohio Supercomputer Center. "We are seeing somewhat of the plateau," she said. "As the telecom sector goes, one cannot automatically conclude that that's how the remaining part of the tech sector will go." Some firms said they have turned the corner. "It's small baby steps," said Keith Jordan, business manager for LogiSync Corp. "We've noticed it every month since November." The Westlake software maker expects to expand its staff of 10 in the second quarter. Fathom Interactive Solutions of Cleveland, an e-business design and consulting firm, chopped its work force from 40 to 18 when the tech sector fell. Now it is back up to 28 employees, with plans to hire several more, as well as two or three summer interns. "I wouldn't go overboard saying it's on the mend," said Ron Copfer, president. "It's holding steady." Copfer is also chairman of the Northeast Ohio Software Association, which found in an October survey that the region could yield some 16,500 information technology job openings this year. About half are expected to be "churn," replacement hires for existing positions. Contact Alison Grant at: agrant@plaind.com, 216-999-4758

To: AC Flyer who wrote (16826)	3/17/2002 5:27:08 PM
From: tradermike_1999	Read Replies (1) \| Respond to of 74559

Been sick past few days, and still am a little sick so this is first time I've been on here in awhile. You might enjoy this article. I ordered the book a few days ago and should get it via UPS tomorrow: Business Publisher Recalls Controversial Book By TSC Staff 03/15/2002 06:50 PM EST HarperCollins Publishers said late Friday that it is recalling the book Trading With the Enemy. The publisher said in a letter that the book written by Nicholas Maier, which alleged improper trading activities at the hedge fund formerly run by James Cramer, the co-founder of TheStreet.com (TSCM:Nasdaq - news - commentary - research - analysis), contained errors. A letter from James A. Fox, senior vice president and general counsel for HarperCollins Publishers, said the publisher has stopped shipping the book from its warehouse and that remaining inventory from the initial printing will be destroyed. The company also said it will be sending an error notice about a chapter in the book to retailers and media representatives who received copies of the book. The error notice reads that " [O] n pages 177 through 180, there is a description of a transaction involving securities of Western Digital Corporation. Following publication of the book, it was determined that these pages contain erroneous information. Cramer & Company did not conduct any trading activity in Western Digital Corporation in reliance on inside information. The Securities and Exchange Commission never investigated any of Cramer & Company's trading activities in securities of Western Digital Corporation." In a statement, Cramer said: "I am pleased that HarperCollins has decided to destroy all of its copies of a book concerning me that was published less than two weeks ago. I had previously stated that the book, which was written by a former, disgruntled employee of my former hedge fund, quoted me as saying outrageous things I never said (and would never say), meeting with people I never met and being the subject of investigations that never occurred. Today's action by HarperCollins vindicates my position that the book contained false and derogatory material that should never have been published."