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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (12063)	5/10/2002 3:05:23 AM
From: waverider	Read Replies (1) \| Respond to of 36161

Wayne...I'm a bit ignorant on what gold lease rates are in the first place. Would you mind explaining who uses them and why? Why is it bullish for gold IF the rates as suggested? Thanks, wr

To: TheBusDriver who wrote (12063)	5/10/2002 3:05:46 AM
From: waverider	Read Replies (1) \| Respond to of 36161

Report: IBM to Lay Off Up to 8,000 Fri May 10, 2:46 AM ET NEW YORK (Reuters) - IBM plans to lay off 2.5 percent of its worldwide staff signaling the computer giant facing may be facing tougher times weathering the technology spending slowdown, the Wall Street Journal reported in its online edition on Friday. Citing a person familiar with the situation, the paper said No. 1 computer maker IBM could lay-off as many as 8,000 workers during the current quarter but the cuts would not be across the board. An IBM spokeswoman was not available for comment. In an investor newsletter earlier this month, IBM's new Chief Executive Sam Palmisano was quoted as telling employees that the outlook for technology demand in 2002 and 2003 was weak, suggesting the company would make job cuts. The Journal said the staff reduction coming this quarter is the widest for the company since the early 1990s. The new round of layoffs do not include the planned transfer of about 17,000 hard-disk drive division workers to a new venture with Japan's Hitachi Ltd., the newspaper added. The newspaper also said that IBM had confirmed the company's head of global financing operation, Joseph C. Lane, had resigned last month to seek "a new challenge" and said he was succeeded by Mark Loughbridge.