Table On-Topic Summary - 28-Aug-2002
A compilation of this board's financial/economic posts From 41179 to 41221

Post  41179  by  lkorrow       Reply
srudek, Yes, it might be even a better investment now. I heard on CNN or CNBC that the U. S. is going to send water to developing nations. I might have that wrong, it could be money to address water issues. I can't find it in the press to verify it.

I'll have to start checking out water companies. When I attended a Y2K meeting at Goldman Saks back in '99, someone spoke on water systems and it sounded like they were consolidating companies. I think that was municipal water supplies in the tri-state area, though, not bottling companies. Have to see if I can find my notes, if I didn't chuck them. Were you looking to buy water rights or water stocks?

Post  41180  by  a_blackdress       Reply

Post  41181  by  Decomposed       OT: Table ON TOPIC SUMMARY Aug 27, 2002

Post  41182  by  spirare       Reply
Bin Laden in Baghdad?

A report that senior members of Osama bin Laden's al-Qaeda terrorist network have sought refuge in Iraq gave rise Sunday to speculation that bin Laden himself may have been granted sanctuary by Saddam Hussein.

"You've seen an anonymous defense official quoted in the Washington Post indicating that what's going on inside Iraq includes possibly names of al-Qaeda officials that you would recognize," said "Fox News Sunday" commentator Juan Williams.

"I guess that might mean bin Laden is hiding in Iraq," he added.

A report in Wednesday editions of the Post quoted several unnamed Pentagon officials saying that a number of high-ranking al-Qaeda members have been mentioned in recent classified intelligence reports as being in Iraq.

"There are some names you'd recognize," one defense official told the paper.

Defense Secretary Donald Rumsfeld declined to debunk the story during a press conference last week, where he maintained, "There are al-Qaeda in a number of locations in Iraq."

Rumsfeld, however, declined to elaborate, explaining cryptically, "I suppose that, at some moment, it may make sense to discuss that publicly. It doesn't today."

On Friday, Senate Minority Leader Trent Lott hinted that he had seen evidence that Hussein was sheltering al-Qaeda members.

"I'm not going to say that I have information to that effect right now, but I have reason to believe that's probably true," he told nationally syndicated radio host Sean Hannity.

Post  41183  by  spirare       Reply
ot. Saddam Hussein's race to make a nuclear bomb;

In Brighter Than the Baghdad Sun, award-winning journalists and Middle East experts Shyam Bhatia and Daniel McGrory
expose for the first time the truth about Saddam Hussein?s secret race to make a nuclear bomb?and the role the
Clinton-Gore administration has played in allowing it to happen.

Even after Operations Desert Storm and Desert Fox, and a decade of United Nations weapons inspections, Saddam
continues his relentless quest to build the ?first Arab bomb,? taking advantage of the weak-willed Clinton-Gore

Containing detailed accounts from former members of Saddam Hussein?s inner circle and his nuclear weapons team,
Brighter Than the Baghdad Sun reveals:

? How Saddam had nearly completed a nuclear bomb by the beginning of the Gulf War?and would have detonated it near
Kuwait City if a U.S. bomber hadn?t accidentally destroyed his nuclear lab
? The truth about the Clinton White House?s failed plots to have Saddam Hussein assassinated
? How President Clinton?s stubborn refusal to listen to King Hussein of Jordan resulted in fatal consequences
? How Saddam has invested more than $18 billion and employed more than 20,000 technicians to complete his nuclear
? The inside story of how greed, sexual excesses, and blood feuds have threatened Saddam Hussein?s nuclear ambition
? How the Clinton-Gore administration has espoused an Iraqi policy riddled with contradictions, opted for ?quick fix?
solutions doomed to failure, and refused to support United Nations weapons inspectors

Bhatia and McGrory take you inside Saddam?s bunkers to war-room sessions and secret meetings with his nuclear
scientists, and to the Oval Office, where you join President Clinton?s national security meetings.

This thrilling read lays bare Saddam?s deadly ambitions and shows, chillingly, just how close he is to attaining them.

Shyam Bhatia has been Middle East correspondent and diplomatic editor for London?s Observer newspaper. He is the
author of Nuclear Rivals in the Middle East and India?s Nuclear Bomb.

Daniel McGrory is an award-winning journalist covering the Middle East and the Balkans. Currently writing for the Times of
London, he was formerly the chief foreign correspondent for the Daily Express

Post  41184  by  clo       Reply
Ebbers Got Million Shares in Hot Deals


ernard J. Ebbers, the former chairman of WorldCom, received almost one million shares of stock in hot initial public offerings from Salomon Smith Barney over four years, according to documents released by a Congressional committee investigating the collapse of WorldCom.

Six other WorldCom executives or directors received the opportunity to buy thousands of shares as well. Among them was Scott D. Sullivan, the chief financial officer who oversaw the company's books during the years when $7 billion in accounting misstatements were made.

The documents, submitted under subpoena Monday by Salomon to the House Financial Services Committee, show that Mr. Ebbers received 869,000 shares in 21 companies from 1996 to 2000. The largest allocation to Mr. Ebbers was 205,000 shares of Qwest Communications, a telecommunications company that went public in June 1997. Salomon led the group of brokerage firms that sold the company's shares.

In November 1999, Mr. Ebbers received 20,000 shares of KPNQwest, a European venture by Qwest. That allocation is remarkable because it represented 2 percent of the shares Salomon had set aside for all of the firm's individual clients.

And the 10,000 shares of Juno Online Services that Mr. Ebbers received in May 1999 represented 1.1 percent of the shares the firm gave to its entire network of individual investor clients.During the mania for technology shares, investors clamored for new stock offerings, because prices typically surged the moment trading began. In 1999, according to Sanford C. Bernstein & Company, the brokerage firm, new stocks rose an average of 60 percent in their first day of trading. From 1986 to 1994, the average first-day move was 10 percent.

The Salomon documents indicate where big chunks of some of these offerings were going and therefore why it was hard for small investors to get in on the deals. It is unclear how much the WorldCom executives profited on the shares they received from Salomon because data surrounding their sales of these shares were not made available.

At issue is whether Salomon handed out such allocations to ensure that companies like WorldCom continued to give the firm investment banking business. "There's nothing wrong with favoring your best customers," said Lewis D. Lowenfels, an authority on securities law at Tolins & Lowenfels in New York. "But when you see a pattern of this coupled with the magnitude of it at the same time that the individual's company is paying substantial investment banking fees to the underwriter, it has to raise questions of whether there was a quid pro quo. If there was, then federal securities laws may well have been violated."

The violation would involve the failure to disclose to investors that significant numbers of shares were being allocated to executives of large clients.When it released the documents Monday, Salomon said it was industry practice to give its best customers the largest allocations of initial public offerings. Salomon has denied that it gave Mr. Ebbers the shares to cement the firm's already close relationship with the executive and WorldCom.

Reid Weingarten, Mr. Ebbers's lawyer, did not return a phone call seeking comment yesterday. In past interviews he has said that Mr. Ebbers assumed that the offerings had been vetted with legal counsel and that he never believed that the offerings obligated him to do anything for Salomon.

Mr. Sullivan's allotments were far less than those given to Mr. Ebbers. But they were still substantial. He received 32,300 shares in nine companies during the four years. The other big recipient was Stiles A. Kellett Jr., a director of WorldCom. He received 31,500 shares.

Also released yesterday was a Salomon memorandum dated March 31, 1999, that lists clients interested in receiving shares of Rhythms NetConnections, a telecommunications company whose stock Salomon was bringing public. One Salomon employee receiving the client list was Jack B. Grubman, the former telecommunications analyst who resigned from Salomon earlier this month.

This confirms that Mr. Grubman was centrally involved in the initial public offering allocation process at the firm, as former employees of Salomon have said. In his testimony before Congress last month, Mr. Grubman said he could not recall whether WorldCom executives received allocations of initial offerings.

Typically, research analysts have nothing to do with determining who gets shares in an offering. But Philip L. Spartis, a former Salomon broker who handled the accounts of Mr. Sullivan and other WorldCom executives, said Mr. Grubman was involved in the brokerage firm activities of various telecommunications executives. For instance, Mr. Spartis said, when he spoke to Mr. Ebbers's financial adviser to try to get the executive's brokerage account, he was told that Mr. Grubman had advised Mr. Ebbers to deal with another Salomon broker in Los Angeles. Mr. Spartis, who was fired for what Salomon called job abandonment, is suing the firm.

Among the telecommunications executives signing up for the Rhythms offerings were the Salomon investment banking clients Stephen A. Garofalo, chief executive of Metromedia Fiber Network; Clark E. McLeod of McLeod USA; Joseph P. Nacchio, the former chief executive of Qwest; and Walter Scott of Level 3 Communications.

"These documents certainly show that this was a farflung enterprise at Salomon connecting the research department, the underwriting area, the retail brokers and directly aggregating all the people who were in the so-called telecom mafia to be the beneficiaries," said Jeffrey L. Liddle, a lawyer at Liddle & Robinson in New York who is representing Mr. Spartis and David Chacon, a former broker at Salomon who worked with telecommunications executives in the firm's office in Los Angeles, in their cases against Salomon. "Now we need to get the testimony of these people."

Congress may soon oblige. Representative Paul E. Kanjorski, Democrat of Pennsylvania, said: "Now that Citigroup has disclosed to the committee that its subsidiary Salomon Smith Barney made questionable I.P.O. allocations to WorldCom executives and officials, the committee has all the more reason to investigate whether other major investment banks have been doing the same for executives or board members of their major clients."

Mr. Ebbers and others may also have received other still undisclosed shares through trusts, partnerships or limited liability corporations. The subpoena issued to the firm requested allocations given the executives themselves and may not have included other accounts from which they also benefited. Such accounts are considered to be institutional and details about them may not have been released."Many corporate officers had partnership accounts in different names," Mr. Chacon said. "You'd see multiple allocations to the same individual under different names." Mr. Chacon was fired from Salomon for violating corporate policy.Alan Bromberg, professor of securities law at Southern Methodist University, said that the more investors know about how the brokerage industry allocates initial offerings, the better off they will be. "I think it's poor business practice not to have an even playing field," he said. "But I don't see any way to effectively legislate an even playing field and that is the problem."

Post  41185  by  StockRyder       Reply
PMCW, I did. And I may have to shift some $$'s back to HLIT if they keep diverging like they did yesterday. However, I think I also like XICO more today than I did yesterday. My long term opinion hasn't changed, but dare I say that XICO is beginning to have some earnings "visability". (You may now kick me for using that word. :-))

Post  41186  by  pmcw       Reply
Ryder, XICO's presentation yesterday was incremental proof, at least from my perspective, they are on exactly the track I expected. However, for those who have been a bit less believing, it may have had greater meaning.

Lou clearly said that they have had marked success in both automotive and high volume cell phone applications and, due to the volume requirements, they are getting 12 weeks of visibility. He said that this is the best visibility he has seen in six quarters.

XICO is the king of LCD brightness and contrast control. With screens getting larger and moving to color in cell phones and screens popping up in cars, the market is expanding rapidly. In addition to some of XICO's traditional markets expanding, they are expanding to serve new markets. By the end of 2003, even if all markets stay flat with today, XICO will triple the available market they serve and, in some instances, have the best and lowest cost technology within the market space.

Companies that are dramatically expanding their served market and have technology that will capture share are the best companies to invest in during a soft economy. They will grow even if the economy shrinks and, if the economy turns, they will run first and farthest. I see HLIT, ISIL and XICO all fitting this model.

Speaking of ISIL, you might want to adjust a bit into their camp today. They will likely take an undue hit today.

Regards, pmcw

Post  41187  by  Tampathom       Reply
HLIT 2.5

Post  41188  by  pacemakernj       Reply
Roof, nice to hear you are doing well. We are still in a major downturn. When you are tied into cap ex these days things are just not going well. Witness NT today. We are no different. I'd have to go back 12 years to recall business being this bad. Industry folks say it has not been this bad in 40 years. I've all but thrown in the towel for the remainder of '02. I am now hoping the budgets being worked on today for '03 are better. If not I am in some deep dodo.

Interesting comments by Russell. Sounds like people are thinking that the future holds inflation. That's what tangible assets are all about. I will tell you that my wife and I collect some artwork from American artists. The value of the pieces have doubled and one even tripled in the last 3-4 years. I am not talking big bucks here but signed lithographs that were $250 are now going for $500-$750.

As for the POG all I can say is I am in for the long haul. IMO, that day of reckoning is coming soon. At least that's what the charts seem to show. I'll keep my fingers crossed.



Post  41189  by  smokesignals       Reply
Historical Data Charts of the DJIA from 1895-1999

Credit to the poster on a clearstation board....

Post  41190  by  Warstud       Reply
Intersil: cautious comments from UBS (ISIL) 18.76: UBS Warburg says they are incrementally more cautious on ISIL following rival SMTC's cautious comments on power mgmt trends last night, and as competitive pressures in wireless LAN mount for the co; reiterates Buy rating and cuts price target to $23 from $33.

Post  41191  by  lkorrow       OT "Under God" Vote 70% against removal

Post  41192  by  Warstud       Reply
Best Buy: cautious comments from Goldman Sachs (BBY) 21.90: Goldman Sachs says checks and a visit with BBY mgmt indicate that biz conditions remain tough, and that the co is working to pare its cost structure and capex plans; expects co to step back from aggressive longer-term growth targets given limitations on capacity growth, lingering challenges at acquired Sam Goody mall stores, financial leverage considerations, a lack of product catalysts in home technology, as well as the current economic outlook; believes additional est cuts could prove necessary.

Post  41193  by  pmcw       Reply
ISIL, I love it when the "pro's" don't understand the story. Warburg's comments allowed me to get a nice fill at $16.80 (missed the bottom by $0.01). The most likely reason that STMC is not doing well (Warburg's stated reason to speak "cautiously" about ISIL) in power management is because ISIL is eating everyone's lunch in laptops. It seems too that the world is concerned about ISIL being forced to drop prices in 802.11 to keep pace with competition. Hmmm, maybe they should listen to conference calls. ISIL announced 18 months ago that their plan was to reduce chip-set prices by 10% per quarter and, at the same time, reduce production costs by 20% per quarter. So far, they're slightly ahead of the curve - gross profit for wirefree has been increasing steadily.

Bottom Line: ISIL will probably again come in slightly above consensus estimates, but Warburg probably still won't have a clue.

Now, if HLIT and XICO would just drop another 10% to 20% the day would be nearly perfect.

Regards, pmcw

Post  41194  by  maniati       Reply
sr: You said you think options need better treatment than just a footnote about dilution. While I disagree that they need treatment other than dilution, I totally agree that something more than a "footnote" is required. Dilution should be made very clear and plain.

You also questioned why pmcw and I advocate "easy availability" of options. But pmcw has offered a number of suggestions on that topic, so I don't see where you get that impression. And, as for me, I have never defended their easy availability. I'm not sure where you get that. I do believe you're reading into things. I have said repeatedly that my concern is with accounting for them correctly, in a way that reflects the economic reality, and I view that as a completely separate issue from whether, how, and to what extent they should be used for employee compensation. I have said repeatedly that, if you want to ban their use, then pass a law that does that. Just don't try to ban them by calling them something other than what they are, because that won't work.

If I said to you, "A sparrow is a bird, not a fish," you wouldn't respond by saying that I'm defending birds, would you? I'm not making a judgment about whether a bird is "better" than a fish, or vice versa, right? It's the same thing here. My discussion of options thus far has been limited to "taxonomy" only, and I have said virtually nothing about the comparative nutritional value of fish or fowl.

Although, I have no doubt that the rest of Table thinks this discussion is for the birds. :-) Well, as long as we enjoy it, then no harm no fowl.

Post  41195  by  lkorrow       Reply
A future IPO, perhaps, with broad potential . . . SIGA too, seemingly . . .

Anthrax Research May Have Wider Use
Matthew Herper, 08.23.02, 11:38 AM ET

NEW YORK - Rockefeller University Professor Vincent A. Fischetti and his colleagues unveiled on Aug. 22 a new way to detect and kill anthrax. But Fischetti says that's just the tip of the iceberg.

Similar technology could also be used to kill many types of bacteria, including those that cause sore throats and ear infections, he says. The scientists say they have been in talks with several companies--all still unnamed--to develop next-generation germ-killers for medical and agricultural use.

The new anthrax killer was described in the Aug. 22 issue of Nature. Fischetti and his colleagues took their cue from a type of virus called a bacteriophage that preys on bacteria, replicating inside them. When it needs to escape, the phage uses an enzyme called a lysin to burst the bacteria's cell membrane, popping it like a balloon stuck with a pin.

Phages use their lysin to escape, but lysin will also burst bacterial membranes if applied from the outside. Fischetti and his colleagues injected lysin from a bacteriophage that preys on anthrax into mice that had been infected with an anthrax-like bacteria. The lysin killed the anthrax. But even at doses ten times greater than necessary to kill the anthrax, the mice showed no ill effects, according to Dan Nelson, a scientist who works in Fischetti's lab.

Most anthrax bacteria can easily be killed by antibiotics. Cipro, a drug made by Bayer (nyse: BAY), became synonomous with the anthrax outbreak. But doxycycline, an old Pfizer (nyse: PFE) antibiotic, is also approved to treat anthrax, and there's no reason that drugs like Tequin, made by Bristol-Myers Squibb (nyse: BMY), or Levaquin, made by Johnson & Johnson (nyse: JNJ), wouldn't also work.

But while scientists fear that terrorists could develop bacteria that are resistant to any antibiotic, it is probably impossible for any strain of anthrax to be resistant to lysin.

Lysin won't replace antibiotics like penicillin anytime soon. For one thing, while antibiotics will kill most bacteria, phages and the lysins they make are more particular. In fact, the lysin used to kill anthrax won't respond to any other kind of bacteria. It is so specific that Fischetti has partnered with New Horizons Diagnostics, a privately held Columbia, Md.-based company, to make diagnostic tests that use them to quickly detect the anthrax pathogen.

While a single lysin can't destroy all types of bacteria, many bacteria can be killed with the right lysin. In previous papers published in Science and Proceedings of the National Acadamy of Sciences, Fischetti and his colleagues have shown that lysins can be used against the bacteria responsible for many cases of pneumonia, sore throats and ear infections. "Here you have a technology where you might treat everyone in a hospital with a spray in the nose," Fischetti says.

He says he is in discussions with several big pharmaceutical companies about the prospect of lysin-derived drugs. But the prospects don't end with human health. He is also in discussion with a food company to develop animal feed that might contain lysins. Such animal feed might prevent animals from getting sick just as antibiotics do without turning them into breeding grounds for antibiotic-resistant bacteria.

Fischetti is also in talks with venture capitalists about starting a company based around this antibacterial company, but right now the 18 patents on it are held either by Horizon Diagnostics or The Rockefeller University. The last firm spun out of Fischetti's lab was Siga Technologies (nasdaq: SIGA), which was founded in 1995.

Ultimately, Fischetti envisions sprays and eardrops that would be used to prevent the spread of infections in hospitals, nursing homes and perhaps even day care centers. "All these markets are worth billions of dollars," Fischetti says.

Post  41196  by  jeffbas       Reply
It is hard to believe that Bin Laden is in Baghdad.

That would cinch Iraq being attacked, by giving us a very convenient excuse. I doubt Saddam is that dumb, and I would not put it past the US to "create" that info.

Post  41197  by  jcl22192       OT: SRUDEk:

Post  41198  by  abveldeh       Reply
lkorrow how can people rise and take care of their problems if they are murdered by the regimes we support by delivering weapons and fighterjets in the first place.

Post  41199  by  Arkural       Reply

"Do you have any particular buy and sell techniques, or particularly valuable newsletters/books/other resources you'd be willing to share with the board?"

Joe Durate puts out a decent free newsletter on the mkt, it seems to be on and off once in awhile.

Here are a couple posts (books) that may be of interest to you.

Chapter Fourteen: Pigs, Mousetraps and Revolution
etc etc


(I never read this book)

I figured you figured you knew I use TA/charts and related junk, so did not mention that. I'll tune in to a stk sometimes and when I feel it is right/firm enough I'll post it publicly. I usually have the sell tgt (a plan) before I enter. I try to sell in that range. It might be easy to potentially make money, but keeping it, capturing it, managing it, might not be easier. I like to keep working on that...............discipline.

Post  41200  by  jeffbas       OT: A good bunch of the people that might have ris

Post  41201  by  Warstud       Reply
Xcel Energy delays decision on dividend (XEL) 9.95 -0.39: Announces that co's board of directors has deferred its decision on the common stock dividend, pending further review of numerous factors, including progress on the NRG restructuring program. The board intends to make and announce its dividend decision at a Sept. 26 meeting.

Post  41202  by  lkorrow       OT: jcl, how much further do you have to drill?
Post  41203  by  lkorrow       OT: abveldeh, I was speaking of the Arabs taking c

Post  41204  by  Arkural       Reply
Est. Tgt adjust-Dow 9190, S&P 975, Naz 1450.

Post  41205  by  abveldeh       Reply
The Kurds which were gassed( as were shiítes in the South) were promissed help in return of their commitment in the Gulfwar. Instead the Allied including the USA preferred to leave these people to rot in the mountains to keep Turkey happy. So bull to your story

Post  41206  by  danking_70       OT: Arab League to participate in Holocaust-denial
Post  41207  by  oldCADuser       OT: I was thinking the exact same thing...
Post  41208  by  jcl22192       OT: lkorrow: This will sound truly stupid but I do

Post  41209  by  Arkural       Reply
China deals U.S. blow over Iraq

August 27, 2002 Posted: 11:38 PM EDT (0338 GMT)

Chinese Foreign Minister Tang Jiaxuan (r) told visiting Iraqi counterpart Naji Sabri (l) on Tuesday that using force or threats of force could not solve the Iraqi problem

By Willy Wo-Lap Lam
CNN Senior China Analyst

(CNN) -- In a further blow to Washington's effort to get global support for a possible war on Iraq, Beijing has indicated it is against the use of force to resolve Baghdad's differences with the West.

Chinese Foreign Minister Tang Jiaxuan told visiting Iraqi counterpart Naji Sabri on Tuesday that using force or threats of force could not solve the Iraqi problem and "would only cause regional tension and instability."

The official China News Service on Wednesday quoted Tang as saying questions about Iraq should only be resolved within United Nations mechanisms, and "only political and diplomatic methods should be used."

Tang added Beijing was concerned about the suffering of the Iraqi people who had lived under conditions of Western embargoes for a long time.

However, Tang also asked Sabri to cooperate with UN-arranged inspections of weapons development programs in Iraq.

Diplomatic analysts in Beijing said having acquiesced in Washington's anti-terrorist campaign last year, the Chinese leadership was anxious to reassure the Muslim and Arab world of its friendship and support.

U.S. negotiations
At the same time, Beijing is playing the Arab or Iraq card in its negotiations with the U.S.

Given Beijing's good ties with the Arab world and its permanent membership in the UN Security Council, Washington requires Chinese cooperation in a possible war against Iraq.

The question of fighting terrorism, including Iraq, will figure prominently in the summit to take place between Presidents Jiang Zemin and George W. Bush in Texas in late October.

The diplomatic analysts said Jiang might be more accommodating on the Iraq front if Washington agreed to play ball on the Taiwan issue.

Earlier this week, the U.S. made a concession to China when it labeled the Uighur separatists in Xinjiang as a terrorist organization.

The Chinese are lobbying very hard for the U.S. to stop selling sophisticated weapons to Taiwan, whose leadership has been vocal in seeking quasi-statehood for the island.


Go this article.

Post  41210  by  maniati       OT: jeff,OCU: That makes three of us. That would b
Post  41211  by  clo       OT: WARNING: Maureen Dowd coming in for a landing!

Post  41212  by  jeffbas       Reply
I guess those clowns never were there, or never went to the Holocaust Museum in DC, where the documentary evidence is "depressing" according to my college-aged daughter who was there this week. I suppose the photographs taken by the press at the end of the war are fabrications.

I recall that many of the Germans at Nuremberg didn't even deny it - just had all kinds of excuses.

But I forget, what Hitler did is nice versus what those folks over there do to prisoners, or their own people. So by their standards, Hitler was a picked upon humanitarian.

Post  41213  by  spirare       Reply
Should this make the price of Gold Go Up*^

- - -

Exceptional Growth Prospects in a Safe Investment*^*^*^*^*^

Gold Stocks Update, editor

Caledonia Mining Corporation

Current Price of Gold

Interview With: S.E. Hayden
President and CEO
Dated 07/02/2002
Click here if you don't hear audio...

Imo. TIA. Pass It Along>>>>>>>>>>>

(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)

Post  41214  by  srudek       Reply
pmcw: xico's on-going history of no net income concerns me. Do you have (perhaps already presented previously) some proforma spreadsheet which convinces you of -- and allows you to track progress towards -- some break-even?

I know electronics companies can have relatively high overhead and I know the economy has been especially hard on tech companies. But it always seems to be "tomorrow" with Xico. No profits in the boom times; certainly no profits in the lean times. It's been years since xico sold their fabrication plant so they could, supposedly, become profitable. Well, with the fab plant sold -- still in good times -- they still no profits. I know they've got a lot of cash they could burn through before having a cash crunch . . . but recession or no recession, it seems xico should be planning to get to at least breakeven by whatever means necessary. This bad stretch COULD drag on for some years; when you're up against the wall is no time to look for contingency plans.

I don't follow xico continually, so it's possible I've missed some odd quarter where they actually broke even by some measure, but hopefully my question still makes sense.

Post  41215  by  pmcw       Reply
jeff / sr, I'm a bit low on bandwidth right now. I think jeff has as good a handle on the numbers as me. Due to this, I wonder if he might be able to respond on this part of the XICO story.

I'll fill in any gaps and talk later about why most of the key executive and area sales manager slots have been filled by proven winners who left companies such as LLTC, ALTR, ADI and MCRL to join what we like to call this "hot little mixed signal start-up company".

Regards, pmcw

Post  41216  by  Briguy       OT: Any Audiophiles out there?
Post  41217  by  Briguy       OT: My dream speakers...
Post  41218  by  clo       OT: Briguy, pipedreams? What music do you enjoy?
Post  41219  by  maniati       OT: jeff: Not to sound repetitious, but it's even

Post  41220  by  lkorrow       Reply
jcl, that would drive me crazy too, especially the sulfur part! We're not the only ones with problems, this excerpt on Canada is from a freebie investment newsletter today.

*** Forget the market and the WAT (war against terror) ... the entire world may be in danger. A Daily Reckoning reader tells me that the world may be getting better, but not in his neck of the woods:

"Perhaps if Mr. Bonner lived in a country that was being
greatly affected by climate change TODAY, he'd recognize
Bjorn Lomborg as just another crackpot, like the extremists on the other side of the debate (e.g. Brown and Ehrlich).

In Canada our northern ice pack is thawing, adversely affecting the wildlife and the natives that depend on it.

Our perma-frost is melting, causing multiple infrastructure problems - things like buildings, pipelines and roadways that normally depend on a solid base underneath are sinking!

We're currently suffering through what is probably the worst drought in our recorded history, and our cattle and grain producers are asking that a 'national disaster' be declared. A country-wide relief program has had to be established to try and help the cattle ranchers.

Our fresh water is evaporating and not being replenished
- yes, that very same fresh water that you Americans want to buy.

The water levels in the Great Lakes are so low that shipping channels are in danger - freighters commonly report brushing the bottom of the lakes. And the proposed solution of dredging deeper channels will simply increase the flow of water out of the lakes.

I'm advised by the weather forecasters that I shouldn't go outside today (or yesterday, or tomorrow) because the heat and air pollution are too great for anybody's health. When I do go outside, I must lather myself in sun block so I don't get skin cancer because the ozone layer has a huge hole in it.

Other examples of climatic change from around the world are broadcast on television every day, most recently images of great floods in Central and Eastern Europe. Please recognize that these are not normal events - the climate is changing, world wide.

Proposals for reductions in greenhouse gases (and other environmental improvements) have been made, most recently in Kyoto. But the biggest stumbling block to implementing them is the refusal of the United States to ratify the program and start working to solve the problem.


Yes, we have a lot of global issues to address! There's some time and a good time to start watching those water companies. p. s. I don't agree with the person quoted above that we should have signed Kyoto.

Post  41221  by  maniati       OT: Well, Clo, congratulations! Maureen finally wr