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To: Jon Koplik who wrote (118704)5/12/2002 8:30:16 PM
From: Art Bechhoefer  Respond to of 152472
 
Another article in this week's issue of The Economist tells how bad things are in telecommunications. The Economist has a view consistently in line with the views of Nokia. They haven't gotten it right for as long as I can recall any of their articles on wireless.

Art



To: Jon Koplik who wrote (118704)5/13/2002 7:12:25 PM
From: Wyätt Gwyön  Respond to of 152472
 
Stock brokerage for the "brain-impaired."...WHO does business with places like these ???

actually, as originally conceived i think some of these businesses had interesting models. it sounded like they were targeting investors with not much money to invest. say, $100 to $500. the idea was to allow people with even a small amount of money to diversify into 10 or 20 stocks, without getting eaten alive by commissions or investing in a mutual fund. folio, i believe, offered fractional shares. like buying $25 of IBM, so that you own 25/83's of a share.instead of charging a per-trade commission, i believe some of these services just charged a monthly fee. i'm not sure how this actually played out for these cos, and perhaps they didn't find the target markets they were looking for (and are trying to regroup).



To: Jon Koplik who wrote (118704)5/14/2002 11:27:37 PM
From: Jon Koplik  Read Replies (1) | Respond to of 152472
 
More off topic "brain impaired" stuff -- Japanese Melon Sells for Over $1,000

May 14, 2002

Japanese Melon Sells for Over $1,000

By THE ASSOCIATED PRESS

Filed at 8:45 p.m. ET

TOKYO (AP) -- Got an extra grand to spend? You could take a cruise in the Caribbean, get a spiffy new suit
-- or buy a melon in Japan.

In a high-stakes publicity stunt, Mistukoshi department store in the northern city of Sapporo bought a single
melon Tuesday for the juicy price of $1,171.

It plans to auction the fruit Wednesday to choosy customers bent on taking home the season's first melon,
which Mistukoshi described as brimming with ``happiness and luck.''

Mitsukoshi itself emerged as the highest bidder for the fruit Tuesday at the local wholesale food market
where the store regularly bids on the highest priced melons to hit the market each year.

Pricey fruits are common in Japan, where apples, melons and grapes are coddled during cultivation and
prized as gifts. A passion for eating melons -- known to go for $78 each ordinarily -- is a sign of opulence.

Mitsukoshi hopes a bit of that image wears off.

``We buy the melons at such high prices because it gives the customer the impression that Mistukoshi is the
place to buy the best fruits,'' store spokesman Harunito Ogino said.

Copyright 2002 The Associated Press