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To: Road Walker who wrote (172417)1/9/2003 12:04:12 PM
From: GVTucker  Read Replies (1) | Respond to of 186894
 
I don't see this as quite as big a deal as most.

If the market perceived this change as permanent, then yes, it would be a big deal. This is how the administration calculated the 10% impact on the equity markets.

The market usually and rightly perceives these changes as temporary, though. Tax laws regularly change, and even if the current proposal sails through Congress intact I think that the market will severely discount the long term impact. In the end, the 5% or so that the market has already moved thus far this year has probably fully discounted the proposed changes.



To: Road Walker who wrote (172417)1/9/2003 12:31:35 PM
From: Jim McMannis  Read Replies (1) | Respond to of 186894
 
RE:"Would love to see a model on how this will effect some of the large cap companies valuations... I agree with Duke, a big deal if it passes."

I don't see it as a big deal for valuations based on people buying a dividend unless they get a good % rate. Even now the dividend return in % isn't too high. Certainly can't hurt though. Now if a company would increase their dividend it might have a double whammy effect on their stock price. Maybe even exponential...Will be interesting.

As for cap gains cuts...I see GVs post but it seems an accounting nightmare like he says.

If we ever need tax simplification/flattax we need it now.
And as we go forward it will even become more attractive.

Jim



To: Road Walker who wrote (172417)1/10/2003 2:24:17 PM
From: The Duke of URLĀ©  Respond to of 186894
 
Ok, this will be our little secret. Just remember, you heard it here first.

THIS IS THE KILLER APP for the Intel wireless initiative:

Never again will we have to say, "now what was the name of that guy who starred in that Movie called......

This will make it right here, right now. Note that the article refers to Google as everybody's indispensible "outboard brain"

from Jon Udell at infoworld:

...The Fast-Talk engine can work with multiple audio formats, using pluggable "media accessors" to encapsulate them. The technology demo supports only WAV files, which it indexes to create PAT (phonetic audio track) indexes. If you want to search video, Fast-Talk recommends using VirtualDub, an open-source program, to extract the audio track as a WAV file. You can use Fast-Talk's demo to index pre-existing WAV files or, as I did, to index a WAV file while recording. This near-real-time indexing meant I was able to begin searching the index as soon as the 45-minute conversation ended. That was true because Fast-Talk's phonetic technology is orders of magnitude faster than the conventional alternative: speech-to-text translation followed by text indexing.

Like many great innovations, Fast-Talk is simple to describe. Phonemes are the basic units of sound in a language, and North American English has 39 of them. You can look up a word's phonetic spelling in the Carnegie Mellon dictionary (see Kevin Lenzo's Web site at www.speech.cs.cmu.edu/cgi-bin/cmudict). "Dictionary," for example, works out to "D IH K SH AH N EH R IY." Fast-Talk's indexer recognizes phonemes and notes the time of their occurrence. The searcher converts text input to phoneme strings, looks for them, and returns their time-codes. It's as simple -- and brilliant -- as that. ...

infoworld.com