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(OT)Thank you and good point. This may not be open forum for everyone ... hopefully the moderator will reconsider the bias that has been shown. You and I are are different in many ways but I never censor honest dialog where sentiments can be fully expressed. In our Nation this has caused some great debate.
Venomen, you have twisted my words time and time again and anyone who read post #792 can see this. My comments to your post #835 reflecting a more accurate view of your references to my post #792:
In reviewing some of ONEV's listed and PR'd "business" customers I noticed 5 that no longer appeared to have ONEV products mentioned (which prompted a general inquiry to those businesses). In brief, the 5 businesses reported as I stated which caused me to contact Dean. His response (in brief) was as reported. Some people might consider 5 possible business losses to be of concern for a company who has such a small business base. In information I've received to date (from those companies) 4 out of 5 still remain in some sort of doubt.
First you say GS was never in question to begin with.
Not as you suggest. The person answering the phone for GS said MobileVoice was no longer offered. I couldn't find ONEV several weeks ago when it was reported. It turns out that when they changed the web site certain things may have been left off or changed ... people answering business calls didn't know MV was still offered. Dean said he was going to request that a link be put back when I contacted him weeks ago and Dan Rule is obviously now aware by both ONEV's and my contact ... what if I never called??
You say I have no idea how Plateau is advertising and selling ONEV.
Not as you suggest. My post in #792 verbatim said " ... there is nothing on Plateau's web site and the customer relations person didn't know anything about MobileVoice ... when she sent me to a director of sales (I ended up in voice mail), the lady that called me back said she went to some training on the product but couldn't tell me why it wasn't launched or on their site ...". Subsequently Joel Drahman has not returned my calls and he is familiar why I'm calling. Jack Johnson has not called. Dean has recently been recontacted because of the forgoing and I have not heard from him at the time of this posting (he normally gets right back).
With Eloqui you say I suggest it was over then gave full info that said it was not.
Not true. I said verbatim under Dean's response to me in post #792 "He was aware of Eloqui, made several comments and was working with US Cellular (who bought Eloqui) hoping to resolve matters ...". I will make this comment though, unless US Cellular / Eloqui relents that business is lost and as of now, is lost.
Please don't twist my words ... if you want to cut and paste what I actually said people can draw their own conclusions.
Bulls, I find your business acumen is more in line with mine. It seems as though a lot of posters can't stand honest dialog and want to be directors ... they'd have trouble in my household LOL.
Your point on Eloqui was most correct ... I just found it shorter and easier to say Dean was working on the matter with US Cellular. Maybe some here should contact Dean and tell him how he needs to discuss things ... you know, lighten up a bit LOL. And some wonder why I might not share everything ... Below is an excerpt from my correspondence with Dean and <<< is his answer ... good luck to you going forward ... I enjoy reading you on RB:
Eloqui said they stopped offering MobileVoice on August 1.
<<< Eloqui was recently purchased by US Cellular. We received notice that US Cellular was stopping our service since it was not currently available throughout their regions. Their “transition team” responsible for making an acquired company (i.e. Eloqui) look like the rest of US Cellular cuts ALL services that are not already active US Cellular services. Anyway, we have notified US Cellular that this is a breach of our contract and our contract IS NOT cancelable. Therefore we are working with US Cellular on continuing the service throughout all US Cellular or buying out the remainder of our contract with penalties. Our contract is very clear that it cannot be cancelled and must remain actively marketed by the carrier for the term of the agreement.
My goodness Venomen, you ask me to share some DD I did weeks ago and then I am lambasted for what I report. I don't know when GS fixed their site (and quite frankly don't care if I was the one who somehow missed it several weeks ago ... which I'm almost certain wasn't the case). You missed the bigger picture in what I was saying and what I reported. When I didn't see evidence of ONEV's products I called the companies and was told what I reported. The point was what the companies said!
You then go on to criticize me for deferring to hear from Jack at ONEV (which could have reported my findings and had discussion with me thereafter) or getting on the phone (as a ONEV shareholder) with Jack and the company's designated officer. I personally think that can create a coached and/or awkward situation and I can always call someone directly if I feel the need. As a matter of fact it is a better introduction IMO to call the company officer with the discrepancy (if ONEV could not clearly explain it to me) than to put them between a rock and a hard place with ONEV and one of its' shareholders ... to each his own.
As for Mexico ... why would I call? What would I say? ONEV has no agreement with anyone to my knowledge. They have been talking about free trials for Telcel and other Mexican carriers since 2003. The tremendous progress and "anticipated" signing of Telmex (via ONEV's description) in the 2nd quarter doesn't warrant any phone calls by me ... and I would hope no one else. An Indian carrier (assumed through Tata) is "anticipated" this quarter ... let's see what happens? ONEV could create a better investor relationship if they update investors if they miss ... hopefully they will get one right.
Venomen, it still remains a little confusing to me in several areas so bear with me ... this message is a little long however I don't want to be unfair, i.e., excluding the gist of ONEV's response. Since this year hasn't gone as planned and we again did not have the "anticipated" businesses that were expected in the 2nd quarter, I decided to see how the businesses that were "up and running" were marketing ONEV. After not finding any evidence of ONEV's product on the following web site's I called them ... check their web site on your own. Below were my findings which I brought to Dean's attention (read further for some of his comments):
What I was told by these companies:
1. Golden State said they were no longer offering MV.
2. Eloqui said they were no longer offering MV after Aug. 1.
3. Plateau said they never launched MV.
4. RicaVision said they no longer were offering MCC.
5. NewEgg.com said they no longer offer MCC.
Dean response to me:
1. Not true on GS.
2. He was aware of Eloqui, made several comments and was working with US Cellular (who bought Eloqui) hoping to resolve matters ... ONEV isn't part of US Cellular's uniformed package.
3. Not true on Plateau.
4. & 5. No comment other than he is working hard to launch the remote into the channel ASAP and this is what all the retailers were waiting for.
He offered to arrange to get Jack Johnson on the phone with Dan Rule of GS and Joel Drahman of Plateau to address my concerns however, I declined, as I did not think that was appropriate and might have created an awkwardness. I said "I don't need to be on the phone to point to what obviously wasn't there". I said Jack could talk to them and clear this up however I would welcome talking with Jack and asked if he would call me. After not hearing from Jack (1 - 2 weeks) I called Dan Rule (independently) at GS and he said they did have an agreement with ONEV. He said they must have removed the link to ONEV some time ago when they re-did their web site and the person answering the phone probably didn't know they still offered MV (read into that whatever you want??) ... their web site still hasn't brought this link back and Dean said he was going to request it (the week before last). I have several calls into Joel Drahmam at Plateau to explain the disparity but have not heard from him ... when (or if) I do I will report (I believe Plateau may be ONEV's largest customers to date with 70K subscribers). Again, there is nothing on Plateau's web site and the customer relations person didn't know anything about MobileVoice ... when she sent me to a director of sales (I ended up in voice mail), the lady that called me back said she went to some training on the product but couldn't tell me why it wasn't launched or on their site ... I guess Joel Drahman holds the key.
On 3 of the 8 you and I agree would have been listed in July, GS is the only one cleared (although it is questionable what statement a company is making when the people answering the phone no longer thinks it's offered and is not shown anywhere in their Products and Services, or rate plans). Eloqui I learned about several weeks ago (so I don't know what Jack may have known in July) and Plateau (to me) is still up in the air.
DISCLAIMER: The preceding reflects communications I've had and some of my own opinion ... always do your own DD to draw your own conclusions ... good luck going forward
Venomen, respectfully your post raises some questions. I will be able to better respond if you could answer the foregoing from your post (you seem to be saying this came from Jack Johnson ... I assume from the shareholder's meeting):
1) You say JJ said at one point ONEV had signed 26 agreements with carriers.
This does not correlate with your later statements unless he is counting carriers that ONEV claimed to have signed (from the past) and may never roll out<i/>.
2) You then say out of 21 carriers, 8 were already launched and 7 were coming before year end ... leaving 6 to 11 signed carriers to be launched when??
This seems ambiguous at best ... did he, or, can you clarify?
3) You claim JJ said of the 8 launched, 2 switched to a bundle.
I was not aware that ONEV had launched 8 carriers at the time of the shareholder's meeting and not sure how many carriers still offer ONEV product(s) to date ... could you be more specific?
I'll be happy to respond with some of my DD after you give some clarity to the above ... although I recommend to all investors not to rely in what any person offers on message boards but to do their own DD independently.
For those that don't appreciate my straightforward comments/questions, please remember this: Written words don't reflect voice inflection and can be misinterpreted based on a reader's bias or opinion of that poster. I talk in low, even tone and state my opinion (or sentiments) in that manner. If you feel my tone is harsh you are mistaken. In business I found it is always best to meet face to face when possible, secondly to talk on the phone and lastly by email (or written form). I always try to be respectful and civil in my response to people, even if I disagree.
I may have to take a quick trip but promise I'll respond ASAP ... good luck to all going forward ...
The 10Q said quite a bit between the written lines. Certain things are more clear to me now. ONEV's leadership look bad defaulting to LaJolla as they just made the deal a few months earlier especially after adding options, benefits and pay raises to their personal coffer in 2005. They continue to create many of their own problems and come across to some as using this vehicle as a personal candy store. Unfortunately we will pay the $100K+ penalty if a deal can be worked out (alternatives would be messy and I know of someone who would definitely throw a wrench into everyone's flywheel).
I independently do DD and give that same advice to any investor ... many people who "bash" and "pump" this stock are highly inaccurate. I don't think it would serve my best interest as a shareholder to add any negative findings at this point (if I had any) ... the stock is about as beat up as you can get and everyone is hoping for a significant change in course ... I think we all know that major revenue news is needed soon and certain things have to happen in short order ... Good luck to all going forward ...
Venomen/Rocky and others, I did email Rob and Dean on 7/28 and heard from Rob on Monday. He could not answer most of my questions but promised to ask Dean several questions unanswered and get back to me by the end of the week. My questions are based on DD outside of what ONEV reports ... I think it is always prudent to confirm ongoing business that seem out of sync, or, new issues that appear out of what was reported ... revenue is needed soon, 10Q will most likely clarify my angst ... more later ... good luck to all going forward ...
Rocky and Venomen, I appreciate the response yet what I said remains unanswered (either by those who attended the meeting or by ONEV). Jack Johnson had worked for ONEV over one year and had come from the telephony industry when he made his optimistic statements about U.S. carriers in April 2005. The fact that only a pittance of small carriers (with no roll out dates) have signed on since that time is disconcerting. The pipe line with this company has been full since Todd Brinker said he was all about closing revenue deals in 2003. The results just don't match up with their words.
On the OEM front the bundled opportunity would have seemed to be geared towards this remote (not the one that will be available for Vista in 2007). Even though the Vista delay was not formally announced by MSFT until March (the ONEV PR was February)... the blogs and chatter had suggested this delay before ONEV's announced bundle (also keep in mind the CompUSA bundle ONEV announced last year). If this remote is just going to be available as an add on to current MCC sales it seems as though sales will be limited.
With current share prices at these levels dilution will accelerate and upside effected ... those at a penny or two will do OK but others may be greatly disappointed unless the news is spectacular. What seems to be happening is a shareholder shouldn't offer a view/opinion unless it's positive or they are attacked ... what are message boards for? If you'd rather me not post my sentiments or findings here I will honor that request. I'm disappointed in the lack of conversion of business ONEV said to expect and when they said to expect it ... the conversion of shares only exacerbates my sentiments. Not to happy at this point (please, no advice where I should go or when I should sell LOL) ... good luck to all going forward ...
Stopped over at RB and see that the only posts related to the shareholder meeting was here. After reading comments (mainly from Venomen) it appears as though many questions remain unanswered and/or does not reconcile.
Since Jack Johnson came on board in 2004 there has been great optimism for many carrier signings in the U.S.. In April 2005 he gave a conservative assessment as to signings expected by 2005 year end. We are over half way through 2006 and we've only had a smattering of very small carriers (that in total equal a small carrier) sign on. The only decent size U.S. carrier (RCC, which is really only smaller mid-size) was signed prior to the April 2005 CC. Where are the signings, let alone rollouts ... I'm not the one who put words in JJ's mouth ... he's been in the business for years and certainly should understand the process?
The large OEM (Golden Master) bundle doesn't make sense as well. This OEM, nor a mentioned CompUSA bundle in 2005, seemed to be predicated on Vista. When the latest (February) announcement was made for the summer rollout, Vista wouldn't have been available ... furthermore the remote that should be commercially available soon isn't the remote that would eventually be produced for Vista (I understand there is a remote considered for Vista that will have a return speaker built in). The FCC requirements, etc. would always be part of the development process.
All I hear is RCC maybe soon ... Ztar not being pursued at this time and the even smaller carriers with no time lines.
What happened to the home control that was supposed to be out last quarter? What are the new time lines for Telmex that was "anticipated" last quarter ... same question for Tata, is it expected to be delayed as well?
The remote should help sell MCC, but not substantially (IMO) unless bundled. Overall the current circumstances indicates an accelerated dilution near term and tens of millions of shares that will further need to be sold for those looking to exit in the lower single pennies. Absent substantial news the near term picture isn't pretty ... continuing to hope for the best, but being pragmatic based on what has been reported ... good luck to all going forward ...
Well people, I'm having an odd day
First of all there was a bunch of general stuff, but that would be off topic for this board.
More on topic... I put in a limit order to buy JDSU at $12.80, got home, checked various portfolio boards and see JDSU closed at 12.50 (my order was not executed -maybe not bad, but odd). I came here, got caught up on messages (thought I would do a name change to please Meme... a manly dog name) and couldn't register a new name. I filled out all the information after the log in page and got a "This page cannot be displayed" displayed (thrice).
What the heck is wrong? Can't a dog get any respect in this crazy world of mixed up people? No stock, no new name, no biscuits... nada! Woof, woof and woooooooof! (must be Friday night)
Re: Tech wreck,(rollin',Meme,dejgaard)
The future is the future and systems that are antiquated will have to be brought up to speed to handle user demands. I can't see where a company e.g., JDS Uniphase, won't be seeing a turn around as the economy improves and inventories are depleted. Capital expenditures will increase significantly with the reduced interest rates.
Here is where I have difficulty however: many of us did not buy JDS Uniphase (and other high flying tech stocks) when they were as low as rollin45's purchase (congratulations on the buy at $10).
In a recovery, how high do you think JDSU will go? I can't see where it will get near its high, but maybe in two to three years, it could be a sixty to seventy dollar stock. What are some of your opinions? What other stocks do you think may make a substantial recovery (time/high horizon)? If the market presents an opportunity tomorrow with the Russell index realignment, I might jump in. Hey.... I can use all the help and foresight you can offer... after all, I am a dog! Woof!!
Meme, let's hear your opinion... we miss you
Re:"I've always been crazy......"
rollin45, you're not crazy, JDSU will certainly be back AND the short term run in the stock already (on a quick trade) has earned you what most people would envy for an annual return.
My problem is I have lost so much, I'm feeling like a scardycat instead of a bold dog. One of these days I'll be back... I too will be rollin'... until then, I'll have to keep digging to come up with some extra scratch (or do I scratch because I'm always digging?).
Now, who is crazy? Woof!
JDS Uniphase just got bumped - Grrrrr, woof!
12:40pm 06/20/01 Morgan Stanley makes portfolio change (ORCL, JDSU) By Tomi Kilgore
Morgan Stanley announced it was removing JDS Uniphase (JDSU) from its "recommended list" portfolio, due to the lack of near-term catalysts. The stock is trading down 75 cents, or 6.9 percent, to $10.09. The firm is replacing JDS with Oracle (ORCL) , given the belief that the "cycle of downward revisions" at the company is past. Oracle is gaining 65 cents to $17.41. The stock rose 13 percent on Tuesday after reporting fiscal fourth-quarter reports.
I just can't believe it! JDS Uniphase
was just mentioned on CNBC as being one of the companies (with the likes of Nortel) which may actually be looking at as much as $40 billion in good will write offs over its aggressive acquisitions that aren't panning out.
They even say it may be 2002 to 2003 before we see a turn around. Meme, I hope you were able to reduce some of your holdings. This looks like it could even get nastier and that is almost unbelievable! Who would have ever thought JDS Uniphase would go from a dollar to a dime one year ago? Baaaaarrrrrf!
Great posts Dejgaard, woof!
Re:A "MUST READ"! That's my Bushy, woof!!
Dejgaard, not only do I believe there will be a major shakeout with the lesser capitalized Internet players, but what about some of the mega players? How in the world will AMZN and YHOO fair (as far as stock evaluations) in the long haul? I think they need to come up with some innovative partner relationship that gives them the opportunity to earn "real" money. AMZN, for example, has greatly exposed itself to me as potentially being a marginally profitable company (if they're lucky) somewhere in the future. However, I can't forsee where any alliance could make them such a cash cow to allow them near their old lofty status. CMGI has a real problem because many of the Internet companies they have in their fold looks like they are destined to fail. YHOO needs more than ad sales and on-line shopping. I agree with you... by year end there will be a lot less available and more realistic expectations from those remaining.
This, of course, is not good news for me since I absolutely got massacred in the last couple of years playing the stock market. I need to invest in a few good companies that will go up a thousand + percent just to be made whole. Man, talk about a buried bone! YIPES!... I mean YIP, woof, woof!
ONE MESSAGE IN 9 DAYS, WOOOOOOOF!
You people can do better than that. Is everybody on vacation? I hate to see this board die... so many of the posters who visit really do add alot. Maybe if things get out of the summer doldrums... I'm not giving up on you folks yet. Woof, woof and woof!
Good posts on wireless Meme & Dejgaard, WOOF!
I have officially marked this new board for future reading. That is, of course, if there is anyone left to read in future months. By the look of things, posting and posters have fallen away like scared rabbits.
DON'T MAKE ME HAVE TO TRACK YOU DOWN! WOOF,WOOF!!
Harrytc1 and Dejgaard, thank you for your thoughts. This market, the analysts who report it and the forward outlooks are so convoluted with contradictions... it is hard trying to decipher what to do.
Come on folks... more opinions... who has the greatest pulse? In today's environment it's good to hear what people are thinking.
Woof!
Opinions, please. Something doesn't seem right...
This market has had a nice rebound from the bottom, but the forward looking fundamentals concern me. Unemployment is on the rise, a great amount of major corporate earnings look soft and the horizon response by most is "unpredictable".
The legs on this upswing, in light of the news, doesn't look that bad and that's what bothers me. I know the market is sometimes futuristic in guessing when things have turned the corner, but I don't see where this run up (especially in technology) is warranted. Yes, we can say look how far these stocks dropped... but realistically is Yahoo worth multiples in the hundreds (when they had positive earnings). So many of the techs are still way out of step with other sector stocks and all stock sectors are out of step with stock multiples historically. In other words... why would we expect things to go that much further up before everything falls back in a heap of prunes.
Woof!
More speculation on Dis possibly buying Yahoo
This may not work if you are not an aol customer. You could possibly drop the aol and start with smartmoney after the //
http://aol.smartmoney.com/stockcloseup/index.cfm?story=20010420
RE: LET'S NOT LET THIS BOARD DIE
Don't let this board die. I enjoy too many of the characters. I always check this board (even if it isn't nearly as often) just to read what you folks are up to. If everyone moves to a new place, please post a message where you are going.
Hey, I have an idea... since Disney decided to keep Go.com ... maybe in a couple of years they will consider spinning off their Internet assets as a tracking stock.
Sure enough... I can see their theme song now (a blend of Disney park tunes) "It's a great big beautiful tomorrow" & "It's a small world after all" being sung with "Pirates of the Caribbean" as a back drop.
Oh Pleeeaseeeee!!!!! Just have Rover bend over and bury the friggin bone Disney... because no doubt about it... you're the dog!
Good luck and best wishes to everyone!
I have been keeping up with this board over the past couple of weeks, but the market and demise of DIG has taken alot out of many posters and readers.
With that in mind I will be spending less time checking in, but wanted to say I have appreciated and enjoyed the many posters and personalities I have gotten to know on this board. You folks are great!
May God bless and keep you. Read you somewhere down the road..................................................woof!
More on Disney and us - "expensive lesson"
Disney Chairman Interested in Yahoo!
After Go.com Experiment, Eisner Says Company is 'Fluent in the Internet Vocabulary'
Get Quote, Company Info: DIS, YHOO
By GARY GENTILE
.c The Associated Press
ANAHEIM, Calif. (Feb. 7) - Expect the Walt Disney Co. to "pounce and pounce well' when it sees an opportunity to expand its financial empire, says chairman Michael Eisner. But don't expect it to make a big-ticket purchase just to show that it can.
"We are not going to make an acquisition to give journalists headlines, to make bankers wealthy or for our egos,' Eisner told a gathering of Wall Street analysts Tuesday.
The meeting, on the same day Disney reported sharply lower net earnings because of losses at its Internet group and an accounting charge, came amid some critics' suggestions that it has been too timid in seeking acquisitions and is becoming a niche player in the entertainment industry.
In response to speculation that Disney might be pursuing Yahoo! as a means to compete with the merged entertainment behemoth AOL Time Warner, Eisner said he would be willing if the price was right.
"Yahoo is a great company,' he said. "The problem is it's just overvalued.'
Eisner said the decision to cut Disney's losses on its own Web portal, Go.com, was one of the most difficult he has had to make. But he said that acquiring the half of ESPN.com and ABCNews.com it didn't own from Starwave was worth the gamble.
``It cost us about $150 million to fail at Go.com,' he said. ``But now this company is fluent in the Internet vocabulary. Yes, we lost $150 million in hard cash. But we gained half of two companies and a lot of knowledge.'
Disney reported net income of $63 million for the three months ending Dec. 31, down 77 percent from $278 million in the same period a year ago. Much of the decline was due to a loss of $253 million in its Internet businesses and a $228 million accounting charge to comply with rules on valuing film holdings.
Excluding those charges, Disney reported income of $594 million on revenues of $7.31 billion, not including its retained interest in the Walt Disney Internet Group, compared with income of $469 million the previous year on revenues of $6.82 billion.
Income including losses from the Internet division rose to $341 million, or 16 cents per share, compared with $278 million, or 13 cents per share.
Analysts surveyed by First Call/Thomson had estimated earnings of 15 cents per share.
Christopher Dixon, an analyst at UBS Warburg, said the results were not surprising and showed that Disney was executing on its plan.
Steven Bornstein, chairman of the Walt Disney Internet Group, told analysts his division would become profitable within 18 months now that it has closed Go.com.
Bornstein said new broadband initiatives, including ``MySportsCenter' from Disney's ESPN cable channel, and pay-per-play online games, to be introduced later this year, would use existing brands to generate revenue. ``We remain convinced the Internet is an incredibly powerful marketing medium,' he said.
The company reported a number of new initiatives and growth strategies Tuesday, including a direct marketing relationship with Kmart stores for a line of Disney-branded clothes. The company said the deal would allow it to make its apparel more affordable, yet allow it to maintain high margins.
Disney also said it would introduce a cobranded credit card within a year and spoke publicly for the first time about its video-on-demand service, dubbed ``MovieBox.' The set-top box that would allow movies to be viewed over a wireless connection is still in development, officials said.
Good article, even though we know who got shafted
BUSINESS WEEK ONLINE
February 8, 2001
Disney's Eisner: "We Are the Most Profitable"
The CEO on the company's rank in the media world, the end of Go.com, and what Walt would say about an AOL-Time Warner-style deal
Walt Disney CEO Michael Eisner invoked the ghost of Mickey Mouse's creator to get in a dig at Time Warner, his longstanding rival, when he met with analysts and investors on Feb. 6 in Anaheim, Calif., to talk about the company's outlook. Ghoulish? Perhaps, but Eisner envisioned Uncle Walt coming back from the grave to chastise him for the potential sin of giving away 65% of his company to merge with a dot-com startup. "[Disney] would say, 'You gave away 65% of my company for Yahoo!?'" Eisner deadpanned for the crowd. Of course, the current Disney CEO doesn't really fear being haunted by his predecessor -- "we all know he's frozen."
The barb aimed at Time Warner, which swapped 65% of its equity to America Online in the recently closed deal, was among the highlights of a daylong meeting. In spirited give-and-take, Eisner insisted that Disney is still "in the acquisition business." It's just that he isn't going to go on a buying spree just for the sake of getting bigger. "We're not going to make acquisitions to make journalists' headlines or to make bankers wealthy," Eisner declared.
He brushed off recent news accounts that portrayed Disney as a niche player, since media companies like Viacom and Time Warner have beefed up through mergers and acquisitions. Indeed, deals, potential deals, and the closing of Disney's Go.com portal were topics that seemed to dominate Eisner's banter with analysts and investors. Here are edited excerpts from the lively conversation:
On closing Go.com: We were enthusiastic, competitive, and we didn't want to spend for someone else's portal. But don't believe press reports that we lost $1 billion on that investment. We lost $150 million. And for that $150 million, we got the half of ESPN.com and ABCNews.com that we didn't already own. People forget that the other half of those companies were owned by [Paul Allen's] Starwave. I'd be happy to make the argument that we got the other half of those two companies for just $150 million. Of course, I'd wait 10 years before making that argument.
On rumors of Disney buying Yahoo!: It's a great company. It is just too expensive. It's certainly too expensive at $125 billion. Maybe it would be too expensive at $50 billion, maybe even at $25 billion. But it is a great company.
On the AOL-Time Warner deal: Do I feel envious sometimes because they're the darlings right now? Maybe, but I know I wouldn't have given away 65% of my company to make that deal. They may have been right, maybe AOL really is important for distribution, but not at that cost. Maybe we'll make a deal with AOL. Maybe we'll let them put ABCNews.com on their front page. They should be so lucky.
On whether the animated-film business is still a growth area: Yes. [Studio Chief Peter Schneider] is getting costs down by 10%. Animators are making less. We are using fewer man-hours to make each film, so the films are getting cheaper. With so many animated films out there recently, an annual film maybe wasn't that unique to the audience. But we are the only one out there doing animated films in 2-D now, although maybe Nickelodeon is. And in 3-D, it is only Pixar and us, and maybe one or two others. Everyone jumped in a few years ago, after we made Lion King. Now they're leaving. We're still here.
On buying more TV stations: We have room to buy some. The federal rules allow us to buy [stations that beam to] up to 35% of the country. [Disney is at 25%.] It all depends on what the stations are and what they cost. We don't want to make a deal and spend the next 12 years trying to justify the purchase. We also might be interested in more radio stations. We're also interested in duopolies [buying the second TV or radio station in a market where Disney already owns one], because of the efficiencies. But a lot depends on price.
On fears that Disney is becoming a niche player: I don't think that's true. It was just five years ago that we bought ABC. That made us No. 1 for seven minutes, now we're No. 2 or No. 3. But we are the most profitable. I don't see any pressure on us to make deals just to get bigger. The only deals we're going to make are those that make our earnings and share price bigger.
DIG debacle dug D'Bear a disastrous ditch dagnabit!
I would have said "disastrous hole" but it didn't flow and is not as extended as a ditch. Since everyone is rightfully venting at this horribly managed / lack of execution company, it is appropriate for a dog to comment.
I have never seen such a resourcefully capable company execute in such a horribly amateuristic way. It is one of the biggest flops I have ever seen and ineptly operated in every way and area. It is abhorrent to flippantly mismanage things the way they did (and worst to lie to the Street and shareholders in the manner they did).
If you don't hear from me for a while it is because (the way I feel now) DIG has taken too much out of me. Realistically I can not fantasize how there could be a possible recovery.
Read you down the road,
D'Bear (I lost my bark)
OT- Grandpadude re: Mr. Eisner
Grandpadude, it's nice to read you again after such a long hiatus. There is one thing, however... in the sound clip that you attached relating to Mr. Eisner: it stated "dog kissing". I agree with everything else mentioned in the clip, but I don't know of a single dog that would want Mr. Eisner to kiss them. It is offensive to all animals. The only dog Mr. Eisner would be able to kiss (that knew of his inept character) is DIG (and he did kiss that one... goodbye that is).
Meme, I posted prior to reading your #1375!
Great minds think alike. Want to work for Disney? I have an IN with Goofy (excuse me, I mean this stock has made me Goofy)! Woof!
The best thing about DIG is... you folks!
Meme (and all the crew who have posted today), the camaraderie of you fellow shareholders was the best (scratch that... only) thing about DIG that I have enjoyed. We all had hopes that Disney would eventually pull something out the bag. I honestly never believed their ineptness was as bad as it ACTUALLY IS.
I hope this board, or something like it, can remain as an avenue for us (maybe to post stock thoughts in general). It might even liven the forum. You folks have made this bearable for me and we have had good exchanges and transfer of information. I, like many of you, will not be adding Disney to my holdings. They have shown to much slippage in their management decisions for me lately.
It is nice to hear from so many posters from the old days. What are your thoughts? It will be hard to keep many of us from reading each other down the road if we don't come up with something. It may be the only good thing we get from this.
D'Bear
It's final... we're over.... conversion!!
The Walt Disney Co. to Convert Common Stock of Disney Internet Group to Disney Common Stock, Discontinue GO.com Portal
BURBANK, Calif.--(BUSINESS WIRE)--Jan. 29, 2001--
Disney Internet Group to Focus on Its Content Web Sites, Including Top-Ranked ESPN.com, Disney.com and ABC-Branded Sites,
Which Will Be More Closely Aligned With Disney's
Media and Entertainment Businesses to Fully Leverage
Strength of Brands and Creative Content
The Walt Disney Co. today announced that it will convert all outstanding shares of Disney Internet Group common stock (NYSE:DIG) into shares of Disney common stock (NYSE:DIS) effective March 20, 2001.
The company will continue to focus on its top-ranked content Web sites and their related commerce businesses, further aligning them with its other media and entertainment businesses to take better advantage of their considerable creative and technological strengths. As part of this strategic shift, Disney will discontinue the operation of its GO.com portal.
"The Internet continues to be a central focus of our company's business strategy," said Michael D. Eisner, chairman and chief executive officer. "We believe this action should help us gain greater competitive advantage as we leverage Disney's creative content, brands and other assets."
The Walt Disney Internet Group will continue to operate under its current management structure as a business segment of The Walt Disney Co.
"I am very pleased by the way this group has developed our strong content sites, and I am confident they will maintain a leadership position in this dynamic industry," Eisner said.
"The competitive factors that initially compelled us to establish a separately traded class of common stock tied to our Internet operations have fundamentally changed," Eisner added.
"Furthermore, we believe that our core assets will reap some of the greatest benefits of the Internet going forward as we exploit new opportunities in areas such as video-on-demand, interactive television, broadband, wireless and content repurposing. By converting Disney Internet Group and returning to a single class of common stock, all shareholders will be able to realize the full value of these new opportunities."
Steve Bornstein, chairman of Walt Disney Internet Group, added: "This is a difficult decision, as it impacts both our employees and GO.com users. However, the Internet environment has continued to shift and change, and therefore our strategies must also change.
"Our investment in Starwave, followed by the Infoseek acquisition, allowed us to build a single, scalable platform for our Internet businesses. Upon this platform, we have demonstrated that we can create and operate innovative, highly popular content sites.
"We will continue to invest in those properties and intend to achieve long-term growth and success by managing them in a way that more closely aligns them with Disney's established Media Networks, Consumer Products, Studio and Parks and Resorts units. This is consistent with Disney's long-held synergistic approach to all of its businesses."
The Walt Disney Internet Group Web properties command strong leadership positions in their respective categories. Disney.com is the top-ranked site for entertainment, family entertainment and kids, ESPN.com is the No. 1 sports site, the ABC-branded sites are among the leaders for their news and entertainment content, and Zoogdisney.com is a highly popular convergence site for Disney Channel programming.
Disney also has a strong record of integrating its Internet properties with its "traditional" media content to create entirely new entertainment offerings, such as its Enhanced TV version of "Who Wants to Be a Millionaire," "Sunday Night Football" and "Monday Night Football."
In addition, DisneyStore.com and Disney Stores are closely integrated with common merchandising, marketing and promotion. DisneyVacations.com, with its brand association, blends an online travel capability for Disney's theme parks, resorts and cruise line, focusing on creating new ways to enhance the guest experience before, during and after their trip via guest recognition, travel tips and experiencing virtual rides online.
Walt Disney Internet Group will continue to operate Disney.com, DisneyAuctions.com, DisneyStore.com, DisneyVacations.com, Family.com, ESPN.com, NFL.com, Soccernet.com, ABC.com, ABCNEWS.com, ABCSports.com, Mr. Showbiz, Movies.com and Wall of Sound. Walt Disney Internet Group also produces Enhanced TV telecasts in conjunction with select ABC TV and ESPN programming.
The closure of GO.com will affect approximately 400 employees, the majority of whom are based in Sunnyvale, Calif.
"We regret that this decision will impact our GO.com employees," Bornstein said. "However, our ultimate objectives are to be highly competitive and profitable, and we believe this is the decision we must make in order to achieve those goals."
Added Eisner: "GO.com employees have contributed a tremendous amount of technical skill and creativity to our company. Like our other 120,000 cast members, they are a key source of the Disney `magic,' which makes decisions such as this one particularly difficult."
A streamlined version of GO.com will continue to operate for a period of time to allow for the transition of its users. The company will continue to operate and support the Infoseek search engine and associated traffic during this time.
Some of GO.com's more popular content and services will be migrated to other sites. For example, Astrology Zone by Susan Miller will move to ABC.com. E-mail users will be able to continue service at ABC.com. Disney is evaluating various alternatives for the GO.com assets, including the sale of the Infoseek search engine and site traffic.
The GO.com Web site was created in connection with Disney's acquisition of Infoseek Corp. In November 1999, shareholders of Disney and Infoseek approved the creation of an additional class of Disney common stock to reflect the performance of the new Internet business called GO.com -- later renamed Walt Disney Internet Group. The GO.com Web guide was repositioned in October 2000 to focus on entertainment, recreation and leisure.
Conversion of Disney Internet Group Shares
In accordance with the terms of the company's certificate of incorporation, each outstanding share of Disney Internet Group common stock will be converted into 0.19353 of a share of Disney common stock as of March 20, 2001.
The conversion ratio is based upon the relative market values of Disney and Disney Internet Group common stock averaged over the 20 trading days (Dec. 7, 2000, through Jan. 5, 2001) ending 15 trading days prior to today's announcement, and includes a 20 percent premium on the value of Disney Internet Group stock, all as required by the terms of the certificate of incorporation.
The conversion is expected to result in the issuance of approximately 8.1 million new shares of Disney common stock.
No fractional share interests will be issued. Shareholders who would otherwise be entitled to a fractional share will instead be paid cash for such fractional interest in an amount based upon the market value of a share of Disney common stock as of the fifth trading day prior to the March 20 conversion date.
Shareholders holding certificates for shares of Disney Internet Group common stock will need to surrender their certificates, properly endorsed or assigned for transfer, to the company's shareholder services department, which is acting as conversion agent. The conversion agent will shortly be distributing transmittal documents to holders of Disney Internet Group shares with further instructions relating to the conversion.
No dividends on shares of Disney Internet Group common stock will be paid on or after the conversion date. Holders of options or other securities convertible or exchangeable into or for Disney Internet Group common stock will be entitled to receive shares of Disney common stock as of the conversion date only if they properly exercise, convert or exchange such securities on or prior to the conversion date.
However, options or other convertible or exchangeable securities that are not exercised, converted or exchanged prior to the conversion date will be adjusted to become exercisable, convertible or exchangeable, as the case may be, for shares of Disney common stock in accordance with the terms of the company's certificate of incorporation and the relevant option or other plan or agreement.
Following the conversion date, Disney common stock will be the only outstanding common stock of The Walt Disney Co., and will continue to trade on the New York Stock Exchange under the ticker symbol DIS.
There are currently 2,086,258,193 shares of Disney common stock outstanding, and an additional 158,509,549 shares of Disney common stock are issuable upon exercise of outstanding options.
Financial Reporting Changes
As a result of the conversion of the Disney Internet Group common stock to Disney common stock, The Walt Disney Co. will no longer report separate financial statements for the Disney Internet Group. The financial results of the Disney common stock will reflect the consolidated operations of The Walt Disney Co., including the Disney Internet Group, which will be reported as a separate business segment.
The closing of the GO.com property will result in nonrecurring charges in the second quarter of the current fiscal year. Such charges are expected to include a noncash write-off of intangible assets (estimated at $790 million, 37 cents per share) and costs related to severance, fixed-asset write-offs and other items (expected to total between $25 million and $50 million).
On a pro forma basis for fiscal year 2000, which assumes that the acquisition of Infoseek Corp., the sale of Fairchild Publications, the issuance of the shares for the conversion of the Disney Internet Group common stock, the closing of the GO.com property and the adoption of new film accounting rules occurred at the beginning of the period, and excluding the one-time impact of those events, consolidated earnings per share excluding the amortization of intangible assets would have been $1.01. Pro forma earnings per share with amortization would have been 73 cents.
CONTACT:
The Walt Disney Co., Burbank
John Dreyer or Susan Murdy, 818/560-5300
News finally out on AOL via TheStreet.com
Walt Disney (DIS:NYSE) plans to scale down its Internet operations, and possibly terminate its Go.com business, according to a published report.
The Financial Times reported that the entertainment giant, which was one the earliest traditional media groups to invest in Web-based projects, was likely to scale back, or eliminate, its money-losing Web portal as a result of the decline in online advertising.
Shares of Disney were lately down 10 cents, or 0.3%, to $29.71 on the New York Stock Exchange. Meanwhile, the Walt Disney Internet Group (DIG:NYSE) didn't hold up as well, losing $1.78, or 30%, to $4.15, also on the Big Board.
The move could also result in job cuts, the report said. Disney representatives couldn't be reached for comment.
Disney, which is based in Burbank, Calif., is reportedly questioning whether Go.com, a portal that includes lures such as free e-mail, search capacities and stock quotes to draw visitors through links to associated sites, was a long-term sustainable model.
Good work posters... bad stock!!
I pulled up my portfolio on AOL and noticed DIG was down 35%. There wasn't any news listed under the DIG that warranted such a drop, so I came over here. After reading all your posts I see why. Gulp!
In retrospect we should have seen it coming. DIG's massive GO.com campaign did very little to elevate the stock to any substantially greater price. DIG obviously could see the results of the campaign, which has been going on heavily since December in my area (and I'm in a submarket). If their marketing thrust wasn't driving a given amount of new eyeballs to the site... I can see why they are considering pulling the plug. It is typical in any business... you often see a marketing blitz to see if a turn around looks possible. If the desired results aren't there you cut your losses. Been there, done that.
Now what does all this mean (other than another black eye for Disney)? What does it do to all the new sites developed, or, under development that Disney had listed under it's GO.com portal. There is the movies.com (somewhat related to showbiz.com), expn.com (somewhat related to espn.com) etc.... you get the picture. More uncertainty, more curves in Disney's road to Internet synergies and understanding... more of the same old, same old. Figure it out people, i.e. Mouse people (you people on this board are great)!!
I hope they make the decision soon... they have to work out their e-mail considerations, etc. and probably leave the site active for limited purposes for a while. Losses could continue in a shut down for quite a spill over period.
Thanks Disney. You sure are swell.
D'Bear
Re: How the once mighty are falling
Meme, good posts.
I am surprised, however, how this board is dying. I guess it needs to be opened up to others. I just checked in and noticed that, aside from the less than a handful of posts today, nobody posted yesterday and I was the only poster on the 25th.
Is there another board that is more active that has good DIG information (other than YAHOO)? I will always check in here, but curious if there is an active message board elsewhere where alot of the old posters went?
The express GO newsletter for those who may not subscribe------------------------------------------------------------
01. Streaming GO Express Stories 'on Demand'.
02. The Ants Go Marching One by One. . . Phoorah! Phooray!
03 GO Express when the Chips are Down.
04. Hard Decisions about Daughter's Enlarged Adenoids.
05. GO Express Points the Way to Auctions.
06. Business Tips: Highlighting & Searching Within Results.
07. Once Again, Children Lead the Way!!
08. Reunion Planning: June at Phillips, Birmingham, Alabama.
09. If You Can Say It, It's Logical that You Can Find It!
10. Dictionary, Thesaurus and Bizarre Word Finder.
11. Requiem for Those Who Have Nothing to Search For.
------------------------------------------------------------
01. Streaming GO Express Stories 'on Demand'.
--------------------------------------------------------
Les Squires, Community Manager <mailto:express-tips@dig.com>
Last month we celebrated nearly two years of GO Express
gems from our users. Stories that focus on individual
experiences of seeking and finding using the Internet.
This month we publish more stories in the hope that one
of these stories sparks new and better search techniques
for all of us.
One note. You can retrieve a FULL set of the GO Express
tips and tricks by clicking anytime on this link.
<mailto:wjmailer.index2000.endx.I057J2620@wwdn.com>
And when you've experienced an Aha of your own using GO
Express and want to write up your experience, click on
the link below to submit it for consideration for
inclusion in our monthly newsletter. The two things
that count most? Being true to YOUR own experience and
having something enlightening for the rest of our
420,000 members.
<mailto:wjmailer.newstory.endx.I057J2620@wwdn.com>
02. The Ants Go Marching One by One. . . Phoorah! Phooray!
--------------------------------------------------------
Sue Tench, Toronto, Canada
Pavement Ants decided to make our place their home!
For over a year, we battled them. A losing battle!
(They form colonies of 3000-5000 ants.) I recently
keyed in "Pavement Ants" into Go Express and was
overwhelmed with the number of listings. Over 700 of
them! Everything you ever want to know about pavement
ants--how they came to North America, how they are
expanding their territory, their habits, their
physiology, etc. And, of course, there were many
listings of pest control companies offering their
services, along with special commercial products to
fight ant invasions.
Gladly, I found two bait recipes and immediately bought
the ingredients and prepared the baits. The ants seemed
'interested', but were still annoyingly numerous. Back
to the Express listings! A third site suggested that
sugar-loving ants might prefer a liquid bait. I can't
believe my good luck! Within a few days of putting out
the third bait, the ants have actually DISAPPEARED! It
seems like a real miracle! Thank you GO Express Search.
03 GO Express when the Chips are Down.
--------------------------------------------------------
Pat USA
I use the web mostly for motherboard jumper settings,
sound card and modem drivers, etc. For example, I paid
a buck for one of my motherboards. CT Bios couldn't
even tell me who manufactured the board. Dead in the
water? Nope. I plugged in the chipset number into
Express, got my jumper settings, and then I plugged in
the BIOS string and did a Bios upgrade! In most cases
I've found this technique works very well--each time
there are my answers! Express is by far the best and
most complete search engine I've found.
04. Hard Decisions about Daughter's Enlarged Adenoids.
--------------------------------------------------------
Vijay, India
My 4 year old daughter's operations for removal of
enlarged adenoids was scheduled for 12 Dec 2000. My
wife and I wanted to know more about adenoids. We
searched some great hits provided by Go Express and
based on what we learned, we decided to call off the
operation at the eleventh hour. We learned that
adenoids play a good role in body's immune system, that
it's normal for adenoids to atrophy by the teen age
years, and that this is regarded as a benign. My child
is fine. We are grateful for the information for the
websites and GO for giving this timely information.
05. GO Express Points the Way to Auctions.
--------------------------------------------------------
Charles W. Young USA
Recently we needed to purchase a copy of MS Office 2000
Premium, but our budget didn't allow for the full price.
We clicked on the GO Express Auctions tab, typed in
'Office 2000 Premium' and found a copy ready to purchase
for less than a fourth of Microsoft's Suggested Retail
Price.
06. Business Tips: Highlighting & Searching Within Results.
--------------------------------------------------------
John Malaczynski, Marketing Manager
Data Financial Business Services, Inc., Mequon, WI 53092
www.datafinancial.com
Data Financial is a privately owned company that focuses
on financial & casino gaming products & services. In
our competitive market, staying abreast of technology
and related research is foremost to a successful
business relationship with our customers. One of my
responsibilities is to research questions posed by
fellow employees and to keep up-to-date on technology-
related issues.
The internet is full of useful--and unfortunately--
useless information. I'm particuarly proud of two
techniques I use regularly for locating the useful
information about products & services that may be
applicable to our current customers and to see what our
competitors are offering.
1. Highlighting of keywords. When I search for "cash
processing systems", for example, the search results
highlight the phrase I searched for in the page
description. I can choose to visit sites that contain
the EXACT PHRASE I used in my initial search or I can
broaden my search by visiting sites that contain only a
PORTION of the key words. Highlighting helps me to
visit sites with a higher probability of success.
2. Search Only in Results. I can narrow my search
results the second and third times around by selecting
the GO Express method "search only in results". This
little trick saves a great deal of time and enables me
to build more accurate searches.
How does it work? My first search on "cash processing
systems" gives me a broad search result, but by adding
additional search keywords like "PC-based" and telling
Express to search only in what it found in first search,
I end up with hits on "PC-based" and "cash processing
systems". Don't try entering "PC based cash processing
systems" from the start or you'll be faced with hits
ranging from consulting firms to job opportunities! Not
quite the same as searching within results. And you
like what you got? Save it! Recent Queries lets you
come back later and start again where you left off.
These are two of my most important examples of how Go
Express has increased my search accuracy and decreased
the amount of time required to find the answers. I
estimate that using Go Express has cut down my internet
search time by 50% or more compared to other search
engines. It has "unlocked the door to useful
information" for me.
07. Once Again, Children Lead the Way!!
--------------------------------------------------------
Evelyn Scott USA
I was recently diagnosed with having a diverticula
urethra and couldn't find information anywhere. Not at
the library or the hospital library so I utilized GO at
my daughter's insistance. Express led me not only to
what it is, but also to information outlining the
surgery to correct it.
08. Reunion Planning: June at Phillips, Birmingham, Alabama.
--------------------------------------------------------
Mary Jane Taylor, Texas USA
Contact Email Address: <mjtkhs@wwdn.com>
Ever plan a High School Reunion? In August I had the
bright idea of trying to locate 360 classmates who
graduated in 1959 in Birmingham Alabama. I live in
Texas! But we have the Internet, right?
I agreed to do all the research, starting with making an
alphabetical list of all 360 photos in our 1959 year
book and then trying to confirm those who had addresses
listed in the last reunion book. We are very fortunate
that 90 classmates have e-mail addresses. That's how we
communicate. I also signed up for a long distance
company that gave me 500 free minutes of calling time.
We were determined to not send an invitation to a wrong
address.
The girls were the hardest to locate, with divorce and
remarriage. When searching for a woman I first use her
last known married name IF I have her husband's first
name listed. Then I try using her maiden name in case
she has reclaimed her maiden name or if she is married
and still uses her maiden name and has her own listing.
Some of the search engines actually use the names of
both persons at an address. I learned several more
tricks for confirming deceased classmates.
When I first started the research I was constantly
switching back and forth between four search engines
trying to locate a person. Since subscribing to GO
Express my search is easier.
The good news? We are over the 200 mark with additional
names still coming in. I've been considering writing a
step-by-step book reunion planning or at least teaching
some classes on the subject. I certainly would not mind
serving as a reference for other GO Express members who
would like to try their hand at planning their own
reunions. I'd be glad to give them ideas where to start
and how to use Internet tools such as Express to get the
job done. Contact me at the email address above.
09. If You Can Say It, It's Logical that You Can Find It!
--------------------------------------------------------
Pat G., Pueblo, CO, USA
I use GO Express all the time! Here are just a few of
my most recent uses:
o to find a French-English Dictionary in order to help
my grand-daughter with her homework.
o to find Stove Knob Covers for my son to keep his
toddler from playing with the knobs on the stove.
o to find a large crawl-through toy with a slide for my
toddler grandson.
o to find some large refrigerator magnets for the same
grandson.
o to find a map and directions to Children's Hospital in
Denver for my daughter.
o to find airlines in order to book a flight for my
older son's family to come visit me around Christmas
I can almost always find just what I'm looking for just
by typing in something logical like "stove knob covers"
or "French-English". It's so great to be able to select
several promising sites and be able to move from one to
another without having to go back and enter the search
data again. It's wonderful to be able to save searches
I'm apt to use again, too. I hardly even need a
favorites folder anymore, as it's so easy to find a site
again if I use GO Express search.
10. Dictionary, Thesaurus and Bizarre Word Finder.
--------------------------------------------------------
Rick Nelson Palm Harbor, FL USA
I'm an electronic engineer very heavily involved in
network and telecommunications industry. What an an
alphabet-soup that can be. I use Express to search for
acronyms and terms that are new to me and, invariably it
gives Express enough to drill down to exactly what I'm
looking for. It's my source of initial leads. I have
yet to have come up dry. And I look for some pretty
bizarre things.
11. Requiem for Those Who Have Nothing to Search For.
--------------------------------------------------------
Fred Stephens, Newland, NC USA
I've helped a lot of folks--folks older than dirt like
myself--to learn how to use their new computers. I
usually demonstrate the power of the search feature by
asking them to search on anything they would like to
know about--any word or subject at all. Typically they
"can't think of anything," so I suggest, "Why don't we
look up Spanish Moss"? We have a lot of that in the
South.
They're then amazed at what comes up. Before I leave, I
admonish them not to search on the word "bingo". Of
course, as soon as I am out of sight, they do. I hear
about their searches the next time we get together!
Re: Work this through with me... people of common sense
I appreciate the responses by some of you relating to the high multiples of some tech stocks (especially Internet stocks). The fact is not one person responding gave any justification for these advanced multiples. There simply isn't any meat on the bones to warrant what we have seen.
Systematically, sooner or later, there will be adjustments to bring these issues back into the stratosphere. However... even though this makes all the sense in the world... even though I know the risks are high... why do I still want to be in these issues? Greed, excitement, not wanting to be left behind... who knows? All I know is when it's all said and done, I just remain a dog who continues to chase his tail.
Thanks for your comments.
Woof,
D'Bear