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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?


To: David Lawrence who wrote (10673)12/15/1997 4:21:00 PM
From: Moonray  Respond to of 22053
 
Post office's busiest day -- 280 million cards

WASHINGTON (AP) -- When the dust finally settles the post office
expects to have handled 280 million cards and letters on Monday -- the
busiest day of the year for an agency still benefiting from business it
picked up during the UPS strike.

Americans are expected to mail more than 5 billion cards and letters
during the holiday season, a 2.5 percent increase over last year, said
postal vice president Nicholas F. Barranca.

The typical autumn day brings 95 million items to the post office, but
that jumps to 150 million a day in December and Monday's total was
expected to be much higher than that.

Last summer's strike at United Parcel Service is still having an effect,
Barranca said.

''Many mailers, taking lessons from the UPS strike, have diversified
some of their shipping requirements, they are shifting some of their
business to the Postal Service,'' he said. ''For the first two months of
the fiscal year, which started on Sept. 13, we have seen a 15 percent
increase in parcel post and a 13.5 percent increase in priority mail.''

Barranca made his comments in the post office's national operations
center, a 24-hour-a-day ''war room'' where giant screens track the
weather and the movement of aircraft carrying the mail.

Managers in the room -- and 10 similar regional centers -- can shift
planes and trucks to meet extra need, reroute around bad weather and
cope with problems at individual airports around the country.

To deal with all the extra seasonal business the post office has leased
108 additional cargo planes dedicated to moving Express Mail and
Priority Mail, rented an additional 750,000 square feet of workspace for
post offices and hired more than 40,000 seasonal employees.

And Barranca urged people to help the mail move smoothly by using
complete addresses, including ZIP codes and apartment numbers.
People who don't know a ZIP code can get it by calling the post office
or checking the agency's Internet site at www.usps.gov.

He added that security requirements remain in effect, meaning that all
packages that weigh more than a pound must be brought to a post
office for mailing at a window.

Things can still go wrong.

Six carts of mail went up in flames Monday at a Washington postal
annex. Officials know which packages were lost -- they were for
people in the 20002 ZIP code -- because they had tried to deliver them
on Saturday but the recipients weren't home.


o~~~ O



To: David Lawrence who wrote (10673)12/16/1997 1:24:00 AM
From: Wayne Lian  Respond to of 22053
 
David, good idea in << buying back the call should have the desired result of closing out >>.

The only concern is, you never know when or if the option holder will execise. You might get execised before you bought it back.