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To: John F. Dowd who wrote (168237)	7/15/2002 10:03:29 AM
From: Road Walker	Respond to of 186894

08:08 ET Rambus licenses RaSer technology to Intel (RMBS) 5.05: Announces that it has licensed its RaSer serial link technology to Intel for use in Ethernet network applications.

To: John F. Dowd who wrote (168237)	7/15/2002 10:56:45 AM
From: The Duke of URL©	Respond to of 186894

Leviticus 16:22 I knew that, but John, you are missing my drift. The CPA "problem" was endemic. The ONLY reason Duncan plead guilty is that he was threatened with being hounded to the ends of the earth unless he did, so he plead to 100 hours of community service. The problem with the dot coms is a lot of them did not pass the reasonable man rule. No reasonable CPA would have signed off on the value of a going concern on some of these deals, if they thought they might have to answer to a higher authority. I understand that the need for capital formation must be delicately balanced with responsibility, BUT there are many other ways these problems could have been corrected and still generate capital. Duncan didn't cause the investment community to loose 5-10 Trillion dollars, no more than Keating caused the savings and loan crash. My Daddy always used to say, that if you are playing poker in Vegas and you can't spot the pigeon at the table, then..... And God save us and the Market if Greenspan gets on TV at his humphrey hawkins testimony tomorrow, and starts trying to blame those "Evil Dooers".

To: John F. Dowd who wrote (168237)	7/15/2002 3:21:40 PM
From: Jim McMannis	Respond to of 186894

Salary deflation could slow recovery By Al Swanson From the Business & Economics Desk Published 7/15/2002 1:13 PM View printer-friendly version CHICAGO`, Ill., July 15 (UPI) -- The good news is thousands of executives and managers caught up in the wave of corporate downsizing have found new jobs. The bad news is a quarter of the recent job seekers failed to find new positions that paid salaries equal to or better than that at their former employers "That is the worst salary drop-off we have ever tracked, going back to 1986," said John A. Challenger, chief executive officer of Challenger, Gray & Christmas, a Chicago-based international outplacement firm that follows corporate layoff announcements on a daily basis. These are among the most employable of nearly 3 million workers laid-off in the last 18 months -- top executives and managers with high earning potential in a normal economy. The firm's quarterly Job Market Index also found job search times rose to 3.6 months for newly discharged workers in the second quarter from a historic low of 2.1 months in the same quarter of 2001. The uncertainty over employment prospects is undermining the recovery, according to Challenger. "Right now, however, it appears that the economy may continue to stagnate," he said. "Until job search times fall and rehiring salaries increase, most unemployed managers and executives are going to minimize their risk in all matters, including job seeking, investing and spending." Challenger's survey tracked about 3,000 job hunting mangers and executives each quarter from a range of industries. This spring the vast majority did find jobs that paid as well or better than the ones they lost. "In the fourth quarter of last year, only 77 percent of jobless managers and executives won equivalent or better salaries," Challenger said. "Here we are two quarters later -- supposedly in a recovery -- and yet the percentage dropped to 75 percent. The figure was 83 percent in the first quarter this year." More than 11 percent of discharged managers and executives took the plunge and started their own businesses in the first and second quarters, up significantly from the average 7.3 percent who launched start-ups since 1997. "The rise in start-ups may also be an indication that job seekers are wary of re-entering corporate America because of the growing list of scandals," Challenger said. "There is now a perceived risk that a corporate employer may have to restate earnings due to questionable accounting, which could lead to mass job cutting, as it has in several recent examples," said Challenger. Challenger said the trend of longer job searches and lower salaries is worrisome because high-earning and high-spending individuals may have to change their spending habits. "It is clear that employers are in no rush to hire, and apparently they are secure enough to believe they can find the talent they need for a lot less money," he said. "With employment searches nearing the four-month mark, some of these jobless managers and executives will be forced to stretch their money a lot farther, especially considering that the average severance allowance period lasted only three months in the second quarter."