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To: H James Morris who wrote (144953)8/7/2002 12:54:53 PM
From: Glenn D. Rudolph  Respond to of 164684
 
"AOL might make a move on you Glenn since they might purchase an online merchant"

I thought they already has an agreement with Amazon for Amazon to develop AOL's own site and make vast improvements. This could cut into Amazon's consulting work which has high margins for them.



To: H James Morris who wrote (144953)8/7/2002 9:42:57 PM
From: Victor Lazlo  Read Replies (2) | Respond to of 164684
 
<<In the past, many employees could earn more each year by cashing in stock options than they did from their base salary. No more. Today, most of those options are deep underwater, and for the first time in years, many employees are living on their paychecks alone.<<

Most mergers and acqusitions do not work. And the vast, vast majority of giant bohemeth mega-mergers do not work.

For anecdotal evidence, look at the stock prices of aol once it merged w/ TW and JDSU once it merged with that other massive bohemeth I can't even recall the name of. Also look at a graph of Daimler and Chrysler.

In each case you'll see the long painful selloff starting at around the time of the merger, reflecting the severe atrophy of shareholder value caused by the merger.

Jack Welch has a huge ego, and a couple of yrs ago he wanted his crowning glory to be the GE acquisition of Honeywell (which at the time was trying unsuccessfully to integrate it's own merger with Allied-Signal). Then Welch was going to retire and let his sucessor clean up the mess.

Fortunatley for GE and HON, the merger was nixed by European regulators. It would have been a big mess if it had happened, esp given the recent revelations of GE capital's very shaky credit worthiness.