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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (152309)	9/25/2002 8:06:09 PM
From: Joe NYC	Read Replies (1) \| Respond to of 1573413

Ted, The telecommunications system in our country is probably 18 months away from going belly up ... I can't see how SBC, Verizon and BellSouth can maintain their dividends. Gee, no dividents? Tough. Going Belly up? What does Cramer want to do? Subsidize these companies? These companies bet their life on certain projections that did not materialize. The life goes on. The companies that go belly up will be bought out at pennies on the dollar by others who did not make the bad bets. 2. Asbestos claims are sinking major companies left and right. Call Dashle and Gephard. 3. The airline industry is about to disappear. There may be some more victims, there will be less cutthroat competition, and as a result, higher prices, but life goes on. If the bankruptcy courts shut down the bankrupt airlines quickly, rather than letting them operate, others would make more money right away, strenghtening them. Is US Air still flying? 4. The financial services industry ... Merrill Lynch or J.P. Morgan won't make it. That's right, won't make it. The liabilities are just too great. That seems a little far fetched, but what is the narket for? One of the reason is to punish the ones who made bad choices, and to reward those who made right choices. 5. Less than one month after we certified the financials of U.S. companies, EDS one of our largest companies, said it didn't need to disclose a put liability that was just gigantic. Now this is where Bush can really help. He has an MBA. He could get a CPA as well, and in the evenings, he should start auditing companies. 6. Oil is at $31 a barrel and we have no plan or contingency to lessen our dependence on oil. $31 oil is extremely cheap. The contingency plan is lower consumption when it hits $60. 7. This was the worst back-to-school season for retailers I have ever seen. I did my part. My daughter got a brand new backpack. <g> 8. We have too much capacity in virtually every single technology sector and nobody even seems to care. Bomb the US? 9. We can't afford to prosecute the directors of Enron Didn't one of them just plead guilty to something? The problem is that the lawyers and politician/lawyers created so many loops through which the lawyers/prosecutors need to jump to convict someone that great amont of money / man power is needed to get convictions. I am all for streamlining the system, starting with criminal courts. There, people are litterally getting away with murder. 10. This big old great economy can't support a single initial public offering, not one. We can't raise a dime's worth of capital in this country for a young business. Not a dime. Looks like a famine after a feast. Did Cramer complain when there were too many IPOs? I was expecting a more impressive list. Economy is sluggish, but the corrections are done when the chips are down. The ineficient activities go belly up, the efficient ones hang around and are strenghtened. Our company got some new clients because their existing vendors went belly up. That's how market operates. A lot of bad decisions that were done during the feast get corrected during the famine. But what has always happened is that the US, the US companies come out stronger than before, because we let the market do its thing. Joe