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

To: Jim Willie CB who wrote (9135)	11/12/2002 11:15:43 AM
From: stockman_scott	Respond to of 89467

Congrats JW... Hope you keep posting here -- this is 'THE ORIGINAL JackASS thread'...lol. regards, -S2 btw, the CISCO Order Backlog is Rising... NEW YORK, Nov 12 (Reuters) - Cisco Systems Inc.'s (NASDAQ:CSCO) order backlog, used by analysts to gauge future sales, is rising, the technology bellwether's chief executive said on Tuesday. John Chambers said the backlog at Cisco, the No. 1 maker of equipment that directs Internet traffic, is above the $1.4 billion it reported on Sept. 9. That figure was down from $2 billion a year earlier, leading some analysts to worry that sales could be weakening. "I'm very comfortable with and it is comfortably above $1.4 billion," he told investors at a UBS Warburg telecommunications conference in New York. Backlog includes orders for products to be shipped within 90 days. Cisco, seen as a key benchmark for the health of U.S. companies, previously said backlog is not indicative of actual net sales for any future period, and Chambers warned again on Tuesday that the number at any point is a "snapshot in time." Cisco's stock was up 29 cents, or 2.4 percent, at $12.45 in morning Nasdaq composite trading. So far this year the stock has fallen more than 30 percent. Last week, when Cisco reported its fiscal first-quarter net profit of $618 million, the company told analysts after its conference call that its backlog was rising. At the time, Cisco disappointed analysts and investors when it forecast sales in the quarter ending in January would be flat to down 4 percent compared with the previous quarter's $4.8 billion. Many had been expecting a prediction of flat to rising sales, and the company's forecast dampened hopes for a near-term rebound across the sector After the warning, analysts expect Cisco to earn 13 cents a share before one-time items in its second quarter on sales of $4.75 billion, according to Thomson First Call. When asked on Tuesday why Cisco did not use its strong profit margins to take market share by cutting prices, Chambers said price is not among the top three concerns of Cisco's customers, and companies find it hard to boost prices again after cutting them to take share. He maintained the San Jose, California-based company will continue to compete with low-end competitors. Analysts have pointed to Dell Computer Corp. (NASDAQ:DELL) and China's Huawei Technologies as such rivals. Chambers also said Cisco has better use for its cash, currently at $21 billion, than paying a dividend. He said the company still has $5 billion outstanding on its stock buyback program and can use cash for acquisitions.

To: Jim Willie CB who wrote (9135)	11/12/2002 11:25:06 AM
From: Cactus Jack	Respond to of 89467

nice work

To: Jim Willie CB who wrote (9135)	11/12/2002 11:31:45 AM
From: H James Morris	Read Replies (1) \| Respond to of 89467

>>- supply & demand working oppositely for gold<< You got it Jim. The demand/supply theory really works. Stanford 101! Since the new millennium began there's been less demand for tech stocks than the supply that Wall street pumped out...to the greedy public.

To: Jim Willie CB who wrote (9135)	11/12/2002 11:40:50 AM
From: FritzV	Respond to of 89467

Jim, Add me to the list of congratulators.. I'm also looking forward to your new website. Fritz

To: Jim Willie CB who wrote (9135)	11/12/2002 11:58:47 AM
From: TigerPaw	Respond to of 89467

It's a site worthy of an award. jerriblank.com

To: Jim Willie CB who wrote (9135)	11/12/2002 12:31:41 PM
From: tonka552000	Respond to of 89467

Awesome JW...can't wait to see the site up and running...

To: Jim Willie CB who wrote (9135)	11/12/2002 12:39:08 PM
From: pogbull	Read Replies (1) \| Respond to of 89467

Subterranean Great Gold Grab Surfaces Found this on Yahoo: messages.yahoo.com by: zeno451 (53/M) 11/10/02 02:02 am Msg: 189705 of 190382 Al Ghurair eyes S. Africa gold mines Dubai \|By C.L. Jose \| 10-11-2002 Print friendly format \| Email to Friend Al Ghurair Giga Gold refinery (GGG), the first project to take off at Dubai Metal and Commodities Centre (DMCC), is weighing options of buying gold mines in South Africa. This, according to a top official of Al Ghurair Giga Gold refinery, will help the project to be more viable as backward integration will always strengthen the bottomline. The ground breaking of the refinery project was done by Sultan bin Sulayem, chairman of Ports, Customs and Free Zone Corp (PCFC), and DMCC. The project will have technical tie-up with the world-renowned Mintek of South Africa. In the meantime, Ahmed bin Sultan bin Sulayem, chief operating officer of DMCC, said another international player is talking to DMCC on setting up a gold refinery here. He said all the three refineries - those already in the pipeline, will have their facilities in the same area where GGG is coming up. The move will help DMCC set up the bullion exchange within two years. As per the international norms, a bullion exchange needs minimum 25 metric tonnes gold on a daily basis. The state-of-the-art refinery to be set up at an investment of Dh50 million will be owned by Al Ghurair group and managing director of the project, Haji Muhammad Rafiq, in the ratio of 51 and 49 per cent. According to Essa Al Ghurair, director of GGG, the project, which will have a capacity of 100 metric tonnes, will be completed within seven to eight months. Al Ghurair Giga Gold refinery officials said the refinery will initially outsource gold bricks of 96.5 purity from South Africa and refine them into 99.9 purity gold. "Al Ghurair Giga Gold refinery will play a major role in the economic development of the UAE, and DMCC will provide a superb proposition for global players in the gold, diamond and commodity business," noted Essa Al Ghurair. Haji Muhammad Rafiq said the refinery will meet the international standards with a capacity of 100 tonnes a year initially. "We will meet the highest quality yardsticks and the brand will be force to reckon with," said Rafiq. The Al Ghurair project aims to create a new corporate identity in the gold market of the UAE symbolising three initial 'Gs' for three '9's quality.