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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (2754)	5/31/2002 11:35:44 PM
From: Raymond Duray	Respond to of 2850

Watson generally has gotten pretty favorable press. Forbes was actually gushing when he was attempting to buy Enron last November. I don't know how much of a crook he is, but DYN was certainly in on rigging the California power market, so he gets rated as a slimy a__hole by me. I take it personal when these Houston greedsters rape an entire coast and can get a "bye" from the Federal government so they can get away with the theft. I might be more tolerant if my power bills ever get rolled back. While I'm paying for Mr. Watson's chicanery, I'm in no mood to say anything good or even tolerant about the man. Re: he gotten an awful lot done for a guy who's 52, He'll resurface in business again. As the saying goes: "In American business, the scum also rises." Here's a very well written article you might want to consider: ariannaonline.com Ciao!

To: John Pitera who wrote (2754)	6/1/2002 10:24:46 PM
From: John Pitera	Respond to of 2850

Howard's End: The Squeeze On Gold Friday, 31 May 2002, 12:06 pm Column: Maree Howard The price of gold and gold stocks is sky-rocketing with Central banks across the world coming in for severe criticism for the way they have sold official gold reserves, although in a disguised form. Maree Howard writes. One of the biggest financial scandal stories, on the level of Enron, is about to break. Central banks are said to have lent their gold for about 1% per annum - the cheapest borrowed money on earth. They have not reported these loans as sales meaning their official gold reserves remain constant. But the leased gold is gone. It has been borrowed by large trading companies called bullion banks. They borrowed at 1%, sold the gold, took the money they earned by selling the gold and invested it at 5% or more. It was sweet multi-billion dollar deal. But now they are in a squeeze. They owe billions of dollars of gold bullion to Central banks but to get it back, they must buy gold bullion in the open market, which is now a rising market. They are losing money, big time. .... Message 17538913