Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (145024)	8/7/2002 11:30:44 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

"Coulda woulda shoulda Glenn. We all have those. Coulda woulda shoulda doesn't count." This is not about having a stock position. It is simply about the fundamentals. I was/am correct about them. We are not going to debate if Amazon could made through the fall of 2001 without the $100 million are we? I really do not want to:-)

To: Bill Harmond who wrote (145024)	8/7/2002 11:41:08 PM
From: Glenn D. Rudolph	Respond to of 164684

"Regarding the new charge of bank fraud, the indictment says that in April 1999, Dr. Waksal pledged the same collateral — warrants to buy ImClone shares — as collateral for two separate lines of credit, one from Bank of America and the other from Refco Capital Markets. Neither lender was told that the collateral was already pledged to the other. The indictment says that in summer 2000 Dr. Waksal exercised the warrants, thus rendering them worthless, but that he did not disclose this to either lender. In August 2000, when Bank of America requested evidence that the warrants remained valid, Dr. Waksal forged the signature of ImClone's general counsel on a false document, the indictment says." nytimes.com

To: Bill Harmond who wrote (145024)	8/8/2002 5:26:01 AM
From: GST	Read Replies (3) \| Respond to of 164684

Prediction: Today marks the beginning of a profound decoupling. Tech stocks, led by intc, will be sold off by a market that is no longer willing to tolerate their dishonest accounting standards. Tech will stay in its secular bear market and will financially ruin people who are seriously overweight in tech stocks. A second trend will emerge in the market at the same time. Non-tech will rapidly embrace the expensing of options and will be rewarded with a mild and jerky cyclical bull market. There is enough monetary stimulus in the pipeline to keep the economy growing -- albeit at a jerky and only moderate rate. As a result of these two trends, tech will not bottom until new leaders emerge, and these leaders will be the companies that are willing to break ranks and make honest financial reports. The firms that hold out against this tide will suffer -- and of course that means their shareholders will suffer. This will end in outrage, and intc will probably be forced to change their position by the end of the year. Only then will we see a bottom in technology stocks. Until then, amzn will make an excellent short.