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

To: Jim Willie CB who wrote (21113)	6/27/2003 12:06:37 AM
From: stockman_scott	Read Replies (1) \| Respond to of 89467

There are lots of possibilities...Here are 2 quotes for the week... 'It is not the answer that enlightens, but the question.' ______________ 'The future belongs to those who believe in the beauty of the dream.'

To: Jim Willie CB who wrote (21113)	6/27/2003 12:14:54 AM
From: stockman_scott	Read Replies (2) \| Respond to of 89467

Stock picker Bill Miller reckons bear market is over ________________________________ Thursday June 26, 5:22 pm ET By Martha Graybow biz.yahoo.com CHICAGO, June 26 (Reuters) - Legg Mason stock picker Bill Miller, who has beaten the broad stock market for 12 years in a row and has a comfortable lead so far this year, said on Thursday he thinks the bear market is over. "I believe it has truly ended," said Miller, a closely watched fund manager known for his long winning streak and contrarian bets on companies such as conglomerate Tyco International Ltd. (NYSE:TYC - News) that other fund managers shun. Miller, the keynote speaker at the annual Morningstar Inc. investment conference on Thursday, said he has previously declared the end to the bear market -- wrongly, it turns out -- several times over the past couple years. But this time, his call comes at a time when his Legg Mason Value mutual fund has surged, and his No. 1 holding, Amazon.com Inc. (NasdaqNM:AMZN - News) is up 94 percent since the beginning of 2003. His second biggest holding, wireless telephone company Nextel Communications Inc. (NasdaqNM:NXTL - News) has surged about 49 percent this year. Miller's fund has outperformed the Standard & Poor's 500 index (CBOE:^SPX - News) for the past dozen years. With this year almost half over, the value-oriented fund, which has about $10.9 billion in assets, is up about 20.2 percent, while the S&P 500 has risen about 11.2 percent. Miller has been criticized by some observers for his large position in Amazon.com, which many other fund managers who invest in value stocks have avoided because they think it is too expensive and they worry about its financial position. The stock made up about 7.2 percent of the portfolio as of last week, according to Miller. Despite the big price jump in Amazon.com this year, Miller said he still likes the stock because he thinks it has a sustainable competitive advantage and believes its earnings for the rest of the year and next year will come in better than many Wall Street analysts predict. Miller also hinted that one stock currently found in his fund, hospital company Tenet Healthcare Corp. (NYSE:THC - News) might be dropped by the end of June, when the current quarter ends. Tenet's debt was downgraded to "junk" by ratings agency Moody's Investor Service on Wednesday after a profit warning. Tenet's stock is down about 22.7 percent this year. Miller said that usually when one of his holdings falls, his stock picking team recommends buying more of it to capitalize on the lower price, but not in this case. "One of the ones we are questioning right now is Tenet," he said. "It's unclear to me what's going on at Tenet."

To: Jim Willie CB who wrote (21113)	6/27/2003 12:46:37 AM
From: lurqer	Read Replies (3) \| Respond to of 89467

they decided to build their own database system internally Do they have all of the skills they need internally? Might they need someone with your qualifications and expertise? Just wondering. (I'm the "no stone unturned" type.) lurqer

To: Jim Willie CB who wrote (21113)	6/27/2003 1:34:35 AM
From: stockman_scott	Respond to of 89467

Message 19065954

To: Jim Willie CB who wrote (21113)	6/27/2003 10:19:05 AM
From: tonka552000	Read Replies (1) \| Respond to of 89467

Jim, I think I understand what you are going through...I'm senior in the small software company I work for...but I'm still on the front line doing my best to make things happen regarding revenue generation.. The unfortunate thing is I'm also the first on the list to be let go if things do not go according to the business plan. Most tech companies have a theory -- if the ship is headed for the shoals, fire the oarsmen.... I've been laid off several times over the last five years (most due to the companies going Ch 7 or 11; just not making it across the chasm)...what I'm hearing more of now: most of my colleagues are becoming disheartened by the industry (like myself), and want to do something else...but that may require starting over at the "apprentice" level...most fear that kind of move this far into their working life...but, many are now joining with my thoughts -- we have to find something that we have a passion for and move on it... I have not made the move yet, but my thoughts are becoming more and more concrete.... I believe your ability to communicate, your knowledge and enthusiasm for explaining a concept so misunderstood -- economics....and your desire to succeed (but not pillage, like Kenny and the boys) are all worth exploring...your web-site is a great endeavor, in addition, perhaps you can work (yes a salary) for the Pitts/Philly Junior Achievement Org...and help those High School kids understand what their world is looking like (our kids need mandatory economics training)...at the same time take your freelance writing the next step and hit some of the rags (online/and paper) out there...all this while you have a $1000-2000/month consulting position with the firm that just laid you off... just thoughts... but please do not lose your passion for each day coming...so many of us out here wanna make sure that doesn't happen...