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To: MeDroogies who wrote (2528)	2/7/2003 10:34:57 PM
From: Charles Tutt	Read Replies (1) \| Respond to of 4345

"In fact, financial panics of this nature occurred a host of times prior to 1929-1931 and never resulted in a depression." I think that's incorrect. They didn't result in "The Great" depression, but some of them DID result in depressions (albeit some were localized). JMHO. Charles Tutt (SM)

To: MeDroogies who wrote (2528)	2/7/2003 10:59:17 PM
From: The Duke of URL©	Respond to of 4345

Ripped off with not so much as a 'how-dee-doo' from the Dell thread: To:Jack Hartmann who wrote (172365) From: Jack Hartmann Friday, Feb 7, 2003 9:13 PM Respond to of 172368 Server sales continue to rally By Ian Fried Staff Writer, CNET News.com February 7, 2003, 4:21 PM PT news.com.com Server sales climbed 5 percent in last year's fourth quarter compared with a year earlier, according to statistics released Friday by market researcher Gartner Dataquest. Fourth-quarter sales of $4.47 billion marked an 11 percent increase from the third quarter and a 5 percent increase from the fourth quarter of 2001. Servers are heavy-duty computers built to process or store data on computer networks. The top four server sellers--IBM, Hewlett-Packard, Sun Microsystems and Dell Computer--stayed in the same positions from a year ago, although Sun lost 6.8 percentage points of market share, while Dell, HP and IBM all posted market share gains from a year earlier. IBM had $1.45 billion in fourth-quarter revenue, up 7 percent from a year ago and 10 percent from the prior quarter. HP had $1.12 billion in revenue, up 11 percent from a year earlier and 23 percent from the third quarter. Sun's server revenue was $677 million, off 27 percent from a year earlier and 3 percent sequentially, while Dell had $531 million, up 37 percent from the fourth quarter of 2001 and 7 percent from the third quarter. Other vendors accounted for $695 million in server sales, up 20 percent from a year ago and 12 percent from the third quarter. Last month, Gartner released server data on unit shipments, which showed HP the leader for all of 2002 in terms of units shipped with a 30 percent share, followed by Dell with 19 percent of the market. Gartner has also predicted that revenue from less-expensive Intel servers will surpass revenue from high-end Unix-based servers for the first time in 2003. "The performance of the worldwide server market continues the growth pattern which began in the first quarter of 2002, suggesting that server shipments for the worldwide market may be stabilizing, but not showing signs of dramatic growth due to continued economic pressure in a number of regions," Gartner server analyst Shahin Naftchi said in a statement last month Jack

To: MeDroogies who wrote (2528)	2/7/2003 11:17:21 PM
From: The Duke of URL©	Read Replies (1) \| Respond to of 4345

"but to avoid having a situation where banks, carrying the funds from individual savings, would be exposed to the downside of heavy leverage from the investment side of the business." Sort of. Glass-Stegall was not enacted to save the banks. GlassStegal PREVENTED banks from being in any Insurance, Real Estate or Brokerage business. Why? One, because they are doing it WITH FEDERALLY INSURED TAXPAYER MONEY, and Two, if you allow banks into business, they end up only lending to their own businesses and foreclose on any one else. This gives them more money for their own businesses. BUT IT DIVERTS CAPITAL FROM LEGITIMATE BUSINESSES. And they do it all with Federally Insured Taxpayer money, so who cares if they lose it. The act prevented banks from being brokerage houses because they will destroy the stock market because it competes with the lending market. Take a real close look at the Single Family Dwelling market next chance you get. The repeal of Glass Stegall (and the preceding Nine years of administrative erosion by the Fed) allowed Citicorp to pump Enron through its subsidiary Smith Barney and then short it on the way down when only they knew they were going to call the loans THAT WERE SECURED BY 15 BILLION DOLLARS WORTH OF NEWLY ISSUED ENRON STOCK which only Citicorp new it was dumping on the market. All the while pumping the stock to their depositors. Blaming the Great Depression on the Smoot Hawley Act or Florida realestate IS A PRESS RELEASE. to be continued.....