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To: long-gone who wrote (34284)	5/20/1999 5:08:00 PM
From: Cynic 2005	Respond to of 116764

<<sorry about not catching that, Re: Greenspan's quote from Alex, Did you note even he smells a RAT! >> He looks like one and so he must smell like one. Who cares if he smells one and doesnt give a rats a** about the bubble? -g-

To: long-gone who wrote (34284)	5/20/1999 5:11:00 PM
From: John Hunt	Respond to of 116764

Y2K: Where In The World Are We? << As this past year evolved, it became clear there was dwindling hope for the y2k stock sector to take off. After the mini crash of Oct 1997, the stock of companies who offered y2k solutions, just never recovered, and therefore, investment opportunities were greatly limited. Many of us were badly burned. Read the piece Barnaby Feder wrote for the New York Times on 3/14/1999, front page business section (free registration required). Very few investment themes come along that seem so obvious – so intuitive, as y2k. It had all the right elements; a big, costly problem, solid companies with a winning track record who could fix it, and a hard-stop deadline. This stock sector should have gone to the moon! But of course, it didn't. Here are some of the reasons why: ... cont'd ... >> y2kinvestor.com Gold and silver are sort of on the recommended list. :-))

To: long-gone who wrote (34284)	5/20/1999 5:27:00 PM
From: lorne	Read Replies (1) \| Respond to of 116764

OT...FOCUS-Roche, BASF get U.S. price fixing fines By David Lawsky WASHINGTON, May 20 (Reuters) - European pharmaceutical and chemical giants Roche Holding and BASF AG agreed to pay record U.S. fines totaling $725 million, and a former Roche official will serve a jail term, for fixing world vitamin prices. Attorney General Janet Reno said Switzerland's Roche will pay $500 million and Germany's BASF will pay $225 million for participating in a world-wide conspiracy to set prices. Dr. Kuno Sommer, former director of worldwide marketing for Hoffmann-La Roche vitamins and fine chemicals, agreed to serve a four-month prison sentence and pay a $100,000 fine. "These prosecutions demonstrate that we will not allow international cartels to prey on American consumers in our globalized economy," Reno told a news conference. The cases were filed in U.S. District Court in Dallas. Sommer pleaded guilty to participating in the cartel and then lying to Justice Department investigators about it in 1997. "Foreign borders will not serve as a sanctuary from prosecution for individuals who conspire to steal from U.S. Businesses and customers," said Justice Department antitrust division chief Joel Klein. "Those who lie, obstruct, and attempt to cover up the truth in our investigations will be prosecuted," he said. France's Rhone-Poulenc SA cooperated with the government in its investigation of the price fixing, under its Corporate Leniency Program and will face no criminal charges, the Justice Department said. The criminal case said that Roche, BASF and Sommer -- along with other, unidentified co-conspirators -- conspired to fix the prices on vitamins A, B2, B5, C, E Beta Carotene and "vitamin premixes." They also agreed to allocate the volume of sales, market shares and divide contracts to supply vitamin premixes to customers in the United States, by rigging their bids for the contracts, Justice said. The companies met and talked to monitor and enforce their illegal prices and market shares, the government said. Klein said that the "conspiracy has affected more than $5 billion in of commerce in products found in every American household." "Virtually every American consumer paid artificially inflated prices for vitamins and vitamin enriched foods in order to feed the greed of these defendants." In Brussels, a European Commission source told Reuters the commission had its own investigation into the firms. But the source said that any final decision was still a long way off. reuters.com