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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: abuelita who wrote (7470)	9/26/2002 3:27:16 PM
From: stockman_scott	Read Replies (1) \| Respond to of 89467

<<...i recall reading something in the canadian press last week that suggested a royal/shrub ancestry...>> LOL!!

To: abuelita who wrote (7470)	9/26/2002 3:32:57 PM
From: stockman_scott	Read Replies (1) \| Respond to of 89467

Nortel is at 20-year lows... finance.yahoo.com Reuters Business Report Nortel to Close Optical Unit Thursday September 26, 3:24 pm ET By Susan Taylor OTTAWA (Reuters) - Nortel Networks (NYSE:NT - News) said on Thursday it will shutter its CoreTek unit, an optical parts maker it bought for about $1.16 billion in stock in the tech boom of 2000, as it scales back costs in a slumping market. The shutdown, to take place by the end of this year, will affect 160 employees in Boston, who were notified last week, said Nortel spokesman David Chamberlin. Telecom equipment supplier Nortel acquired CoreTek, in a deal valued at $1.43 billion when first announced, for its advanced tunable lasers. That technology is used to manage the wavelengths of light that travel through a fiber-optic network to allow monitoring and re-routing of signals if needed. "This technology obviously has a very advanced functionality that is far ahead of the current market demands," Chamberlin said. He said Nortel will continue developing and selling lasers, but will focus on products which have a more immediate market opportunity. Nortel, struggling with falling sales as its phone company customers cut spending, would not comment on market speculation it is close to selling the remainder of its optical parts business, excluding CoreTek, for $50 million. CIBC World Markets analyst Steven Kamman said he had heard speculation that the business would sell for $50 million, but was uncertain of the buyer. "That's certainly not the price people were hoping for," he said. The business was once valued at $100 billion and Nortel had plans to spin out and publicly list the unit until the sector began to crater. Brampton, Ont.-based Nortel cut its third-quarter revenue target for the second time in two months late on Wednesday, and said it was planning an aggressive reverse stock split that will boost its share price to as high as $10 or $20. The news drove Nortel stock down sharply. In New York it bottomed at 50 cents, it lowest level for more than 20 years, before creeping up to 57 cents by mid-afternoon. In Toronto, the stock was off 14 Canadian cents at 89 Canadian cents.

To: abuelita who wrote (7470)	9/26/2002 3:59:55 PM
From: TigerPaw	Read Replies (1) \| Respond to of 89467

George Bush, president of the United States from 1988-1992, is a 13th cousin twice-removed from Queen Elizabeth II of England. Source: Burke's Peerage.

To: abuelita who wrote (7470)	9/27/2002 5:57:38 AM
From: thames_sider	Respond to of 89467

Bush and Churchill apparently have a common ancestor in the 15th century - this would also be in royal ancestry. Along with, AFAIK, about 20% of the British population. Apparently about 15% of UK can trace ancestry back, via some blood route, to Edward III. The thing about Canada (and Australia, NZ, and other ex-colonies) is that they don't appear so much in the public eye. They probably are more similar, in styles and opinions, to the UK - I can't say for sure, I've only been to the first - but they're not so major now in world (or even British) affairs. The US gets the attention, it's the one we're encouraged to ally with...