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Thats TRUE, Original .... !
... That info. came straight from HILLARY ... !!
I DON'T like Helen Thomas ... !!
She has a bigger 'dik' than me or RENO ... !!
I'm gonna STOP listening to Ari Fleisher's? White House press briefs, if they don't stop entertaining questions (or) 'gotyas' from Helen Thomas, and other simply-'stupid' and waste of time reporters ...
Most questions to him are 'traps' to catch him in or make him say something embarassing .... I can't understand the benefit of this ....
For those who wish to be human shields please call
Sadam Hussein at the following phone numbers:
If calling from France dial 1-800-FERMEZ-LEBOUCHE
If calling from Canada dial 1-800-BOYCOTT-CURLING
If calling from Russia dial 1-800-STALIN'S-MOUSTACHE
If calling from Germany dial 1-800-MEIN-KAMPF
If calling from Massachusetts dial 1-800-CHAPPAQUIDCIK
From anywhere in the mideast dial 1-800--SMACK-IRAQ
If you wish to speak to Osama Bin Laden dial
............................extension 666
awww .. AK's probably gettin-sumppin-done, alright..
URuuumPH ... !!
( momentarily ) memory-lapse ...
Tnx.....
Coffeeee .....
Help ...
Your ( possession? )
Your's ( possession )
you're ( you are )
I never get that right ... I know my prev. was proly wrong ...
and Thank you, K² ... You're posts certainly say-it-ALL ...!!
Subject: Military Rules for the Non-Military Personnel
Dear Civilians,
We know that the current state of affairs in our great nation have many civilians up in arms and excited to join the military.
For those of you who can't join, you can still lend a hand.
Here are a few of the areas we would like your assistance with:
The next time you see an adult talking (or wearing a hat) during the playing of the National Anthem ... ....... kick their ass.
When you witness firsthand someone burning the American Flag in protest... kick their ass.
Regardless of the rank they held while they served, pay the highest amount of respect to all veterans.
If you see anyone doing otherwise, quietly pull them aside and explain how these Veterans fought for the very freedom they bask in every second.
Enlighten them on the many sacrifices these Veterans made to make this Nation great.
Then hold them down while a Disabled Veteran
........... kicks their ass.
(GUYS) If you were never in the military, DO NOT pretend that you were.
Wearing battle dress uniforms (BDU's), telling others that you used to be "Special Forces," and collecting GI Joe memorabilia, might have been okay if you were still seven.
Now, it will only make you look stupid and get your ......... ass kicked.
Next time you come across an Air Force member, do not ask them,
"Do you fly a jet?"
Not everyone in the Air Force is a pilot.
Such ignorance deserves
.......... an ass kicking (children are exempt).
If you witness someone calling the U.S. Coast Guard non military, inform them of their mistake...
........... and kick their ass.
Roseanne Barr's singing of the National Anthem is not a blooper...
it was a disgrace and disrespectful.
Laugh,
...... and sooner or later your ass will be kicked.
Next time Old Glory (U.S. flag) prances by during a parade, get on your damn feet and pay homage to her by placing your hand over your heart.
Quietly thank the military member or veteran lucky enough to be carrying her...of course, failure to do
either of those could earn you a severe ass kicking.
What Jane Fonda did during the Vietnam War makes her the enemy.
The proper word to describe her is "traitor." Just mention her nomination for "Woman of the Year"
............... and get your ass kicked.
Don't try to discuss politics with a military member or a veteran.
We are Americans and we all bleed the same regardless of our party affiliation.
Our Chain of Command, is to include our commander in Chief.
The President (for those who didn't know) is our CIC regardless of political party.
We have no inside track on what happens inside those big important buildings where all those representatives" meet.
All we know is that when those civilian representatives screw up the situation, they call upon the military to go straighten it out. The military member might direct you to Oliver North.
....... (I can see him kicking your ass already.)
"Your mama wears combat boots" never made sense to me ...
stop saying it!
If she did, she would most likely be a vet and
............. probably kick your ASS ...!!
Bin Laden and the Taliban are not communists, so stop saying "Let's go kill those Commie's!!!"
And stop asking us where he is!!!! Crystal balls are not standard issue in the military.
That reminds me ...
if you see anyone calling those damn psychic phone numbers; let me know, so
............. I can go kick their ass.
Flyboy (Air Force), Jar Head (Marines), Grunt (Army), Squid (Navy) etc, are terms of endearment we use describing each other.
Unless you are a service member or vet, you have not earned the right to use them.
.................. Could get your ass kicked.
Last but not least, whether or not you become a member of the military, support our troops and their families.
Every Thanksgiving and religious holiday that you enjoy with family and friends please remember that there are,
literally, thousands of sailors and troops far from home wishing they could be with their families.
Thank God for our military and the sacrifices they make every day.
Without them,
our country
................... would get its ass kicked ... !!
•
IAMR - 1X50 R/S = ( IANR ) ...
03/31/2003
IAMR** Interamerican Resources Inc
IANR Interamerican Resources Inc New
.............. (1-50 R/S)
WTAI - - World Transport Authority Quick Quote:
WTAI(no quote)
World Transport Authority Announces Resignation 3/28/03
EL CAJON, Calif., Mar 28, 2003 (PRIMEZONE via COMTEX) --
Lyle Wardrop, President of World Transport Authority, Inc. (WTAI) (OTCBB:WTAI) (Frankfurt:920943), announced today that Douglas Norman has resigned from the company effective immediately. Mr. Norman is a founder of WTAI, which developed the WorldStar utility vehicle and Micro-Manufacturing process. Mr. Norman played a vital role in the research and development conducted by the Company, and continued to provide International Sales services for the company.
'Mr. Norman, the founder of World Transport Authority, Inc., has resigned effective immediately to pursue issues that require his full attention at this time,'commented Mr. Wardrop. 'The company is still focusing on current opportunities that are in various stages of negotiation. We will proceed with a positive outlook and progress towards securing the interests of the company and its shareholders.'Mr. Wardrop noted that the duties and responsibilities of International Sales will be taken over by Mr. John Tidy, a recently named Director. John has been with the company for almost three years as the Vice President of Operations.
It is the mission of WTAI to provide motorized multi-purpose utility vehicles that are durable, reliable and low cost for the benefit of developing countries using our unique WorldStar Micro-Manufacturing process. We are also committed to providing this benefit utilizing the most energy efficient and environmentally clean propulsion technology that is scientifically possible.
ADSX - - Dow Jones Business News
Applied Digital Unit Gets New Government Pact
Friday March 28, 10:51 am ET
PALM BEACH, Fla. (Dow Jones)--Applied Digital Solutions Inc.'s Computer Equity unit received a new contract to provide telecommunications services and equipment to the government's general services administration.
The newest contract replaces a wire and cable services contract that is expiring, Applied Digital said in a press release Friday.
The Computer Equity unit generated more than $31 million in revenue in 2002 from the previous contract, which was originally awarded in 1997. Applied Digital had revenue from continuing operations of $23.9 million in the first nine months of 2002.
The new contract is an indefinite delivery, indefinite quantity agreement with a base period of three years, with five successive one-year options. Financial terms weren't disclosed.
On Thursday, Applied Digital announced Chairman and Chief Executive Richard Sullivan retired, and also said it received a forbearance agreement from International Business Machines Corp.'s (IBM) credit unit.
Shares of Applied Digital recently traded heavily on the Nasdaq market, changing hands at 54 cents, up 22 cents, or 68.7%, on composite volume of 21.2 million shares. Average daily volume is 3.1 million shares.
-Kara Wetzel; Dow Jones Newswires; 201-938-5400
ADSX - - Dow Jones Business News
Applied Digital Unit Gets New Government Pact
Friday March 28, 10:51 am ET
PALM BEACH, Fla. (Dow Jones)--Applied Digital Solutions Inc.'s Computer Equity unit received a new contract to provide telecommunications services and equipment to the government's general services administration.
The newest contract replaces a wire and cable services contract that is expiring, Applied Digital said in a press release Friday.
The Computer Equity unit generated more than $31 million in revenue in 2002 from the previous contract, which was originally awarded in 1997. Applied Digital had revenue from continuing operations of $23.9 million in the first nine months of 2002.
The new contract is an indefinite delivery, indefinite quantity agreement with a base period of three years, with five successive one-year options. Financial terms weren't disclosed.
On Thursday, Applied Digital announced Chairman and Chief Executive Richard Sullivan retired, and also said it received a forbearance agreement from International Business Machines Corp.'s (IBM) credit unit.
Shares of Applied Digital recently traded heavily on the Nasdaq market, changing hands at 54 cents, up 22 cents, or 68.7%, on composite volume of 21.2 million shares. Average daily volume is 3.1 million shares.
-Kara Wetzel; Dow Jones Newswires; 201-938-5400
PCBM - - PRESS RELEASE ... !!
Password?
US NewsCanadian NewsAustralian News
NASDAQ / NYSE / AMEX
Pinnacle Business Management Inc.Quick Quote:
PCBM(no quote)
Capital Research Group Announces Investment Opinion: Stocks To Watch! 3/28/03
WESTON, FL, Mar. 28, 2003 (INTERNET WIRE via COMTEX) --
Watch American Water Star Inc. (OTC BB: AMWS). AMWS just released more positive news! We expect great things from this stock in the short-term! Other stock market standouts include: Pinnacle Business Management Inc. (OTC BB: PCBM): Market Perform, down 33% on 364 million shares, XM Satellite Radio Holdings Inc. (NASDAQ: XMSR): Market Underperform, up 15% on 17 million shares, Exus Networks Inc. (OTC BB: EXUS): Market Perform, up 43% on 4 million shares.
'The Dow Jones industrial average finished with a 28.43-point loss, stopping at 8,201.45, after having been down in the triple digits in morning dealings. The Nasdaq climbed into positive territory with about an hour to go, but faced some last minute selling for a 3.20-point dip, to 1,384.25,'stated Peter Antipatis. More is available at: www.thesubway.com/sub_comm.asp.
All material herein was prepared by Capital Research Group, Inc. (CRG) based upon information believed to be reliable. The information contained herein is not guaranteed by CRG to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. CRG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on www.thesubway.com or mentioned herein. CRG has been compensated by third party shareholders or with cash from the company on behalf of one or more of the companies mentioned in this opinion. (one hundred twelve thousand shares for AMWS) CRG intends to sell its shares. CRG has sold approximately fifteen thousand AMWS shares to date. CRG may sell its shares for less than the target price given in this opinion. CRG's affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. Market commentary provided by Peter Antipatis, CRD number 2955420. CRG will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
Charles T. Tamburello Capital Research Group Inc., Weston 954-217-9555
Copyright 2003 Internet Wire, All rights reserved.
©
PCBM - - PRESS RELEASE ... !!
Password?
US NewsCanadian NewsAustralian News
NASDAQ / NYSE / AMEX
Pinnacle Business Management Inc.Quick Quote:
PCBM(no quote)
Capital Research Group Announces Investment Opinion: Stocks To Watch! 3/28/03
WESTON, FL, Mar. 28, 2003 (INTERNET WIRE via COMTEX) --
Watch American Water Star Inc. (OTC BB: AMWS). AMWS just released more positive news! We expect great things from this stock in the short-term! Other stock market standouts include: Pinnacle Business Management Inc. (OTC BB: PCBM): Market Perform, down 33% on 364 million shares, XM Satellite Radio Holdings Inc. (NASDAQ: XMSR): Market Underperform, up 15% on 17 million shares, Exus Networks Inc. (OTC BB: EXUS): Market Perform, up 43% on 4 million shares.
'The Dow Jones industrial average finished with a 28.43-point loss, stopping at 8,201.45, after having been down in the triple digits in morning dealings. The Nasdaq climbed into positive territory with about an hour to go, but faced some last minute selling for a 3.20-point dip, to 1,384.25,'stated Peter Antipatis. More is available at: www.thesubway.com/sub_comm.asp.
All material herein was prepared by Capital Research Group, Inc. (CRG) based upon information believed to be reliable. The information contained herein is not guaranteed by CRG to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. CRG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on www.thesubway.com or mentioned herein. CRG has been compensated by third party shareholders or with cash from the company on behalf of one or more of the companies mentioned in this opinion. (one hundred twelve thousand shares for AMWS) CRG intends to sell its shares. CRG has sold approximately fifteen thousand AMWS shares to date. CRG may sell its shares for less than the target price given in this opinion. CRG's affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. Market commentary provided by Peter Antipatis, CRD number 2955420. CRG will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
Charles T. Tamburello Capital Research Group Inc., Weston 954-217-9555
Copyright 2003 Internet Wire, All rights reserved.
©
VCSY - - Press ReleaseSource: NOW Solutions, LLC
NOW Solutions Unveils emPath(TM) 6.2; Envisioning the Future, Leading the Way
Friday March 28, 10:00 am ET
FORT WORTH, Texas, March 28 /PRNewswire/ -- Building upon 31 years of leadership in the HRMS marketplace, NOW Solutions, LLC, a majority owned subsidiary of Vertical Computer Systems, Inc. (OTC Bulletin Board: VCSY - News), today announced the release of emPath(TM) 6.2.
ADVERTISEMENT
emPath(TM), a Web-based HRMS solution, is a clear expression of supreme efficiency and grand performance. Tightly integrating the organization's human resources and payroll functions, emPath(TM) provides comprehensive administrative and workflow capabilities, as well as employee empowerment via employee and manager self-service.
Since emPath(TM) was unveiled for the first time in September 2001, NOW Solutions' product management team has collaborated much feedback from thousands of users about how they are using emPath(TM). "We have always prided ourselves in being very responsive to customer needs when it comes to the development of emPath(TM)," says Kent Orgain, Vice President Development, NOW Solutions. "With more than 70 new features and enhancements, this new version is a reflection of our commitment to being the leader in the HRMS marketplace. Our track record for innovation, reliability and results places us far ahead of the competition."
Our vision for this particular release was to enhance emPath(TM)'s support for the ever-changing and demanding needs of the workplace. emPath(TM) 6.2 includes noteworthy enhancements to workflow processing, employee self-service and manager self-service. emPath(TM)'s workflow functionality allows users the ability to streamline business processes, reducing the amount of time human resources and payroll professionals expend on administrative duties and paperwork. Using a standard Web browser, emPath(TM) Employee Self-Service allows employees the opportunity to view, and where permitted, modify personal work-related information. Additionally, managers and executives have similar capabilities on their desktop. Managers and executives can retrieve and navigate through employee information, create requests and manage approvals for important workplace changes. Additional benefits of emPath(TM) include Web-browser-based access, simplified installation, rapid and easy configuration, streamlined administration, zero-maintenance desktops, and embedded users guides.
With the deployment of emPath(TM), one large manufacturing customer reports, "We have stopped the printing of direct deposit advices for all of our salaried employees since pay stubs are available on emPath(TM) Employee Self-Service (ESS). We estimate this will save us the cost of printing, handling, and mailing 30,000 deposit advices per year for the 2,000 employees we have on ESS. We estimate these savings to be $50,000 per year for postage and forms. We estimate the savings for labor to be an additional $100,000 to $150,000 per year. While saving money for the company, ESS also allows us to improve service to our employees."
"emPath(TM) 6.2 was created in direct response to the demands of the market and will certainly raise the bar in the HRMS marketplace," said Carmelina Uggenti, Vice President Sales & Marketing, NOW Solutions. "As the HRMS environment evolves, our customers and prospects expect more than just another release every few months. They demand useful features, functionality, and technology that adds sustained value in their working environment. True operational efficiency and employee empowerment can now be achieved by placing appropriate information directly in the hands of employees, managers and executives. Furthermore, emPath(TM)'s unique architecture and design favourably responds to the critical challenge in delivering a successful HRMS implementation. Our solution enables organizations of all sizes to adopt and deploy an HRMS solution in a relatively short-timeframe."
Though emPath(TM) 6.2 was just recently launched, customers have already started to observe improved business value. "The Web-based product has enabled us to cut our payroll processing time by 50%. Process changes have also had a positive impact on our entire organization," said Sheilagh Sims, HRIS Administrator for Bethany Care Society.
About NOW Solutions, LLC
NOW Solutions, LLC, a majority owned subsidiary of Vertical Computer Systems, Inc., is a best-of-breed HRMS and payroll software and business solutions provider. A pioneer in HRMS solutions, NOW Solutions provides the capabilities companies need to manage their ever-changing workplace in the face of today's complex requirements. NOW Solutions is a respected business partner serving hundreds of customers throughout the United States and Canada. NOW Solutions' presence can be found in industries including education, for profit services, healthcare, high technology and communications, insurance, manufacturing, natural resources, not for profit, public sector, retail, transportation, and utilities. NOW Solutions has offices in Fort Worth, San Francisco Bay Area, and Toronto to serve its customers. Information on NOW Solutions and its products can be obtained on the World Wide Web at www.nowsolutions.com .
TMWD - - Press ReleaseSource: Tumbleweed Communications Corp.
Tumbleweed Granted Two New Patents
Friday March 28, 9:02 am ET
Internet Messaging Company Expands Patent Portfolio to Twelve Patents
REDWOOD CITY, Calif.--(BUSINESS WIRE)--March 28, 2003--Tumbleweed® Communications Corp. (Nasdaq:TMWD - News), a leading provider of secure messaging applications for businesses and government organizations using the Internet, today announced that it has been granted U.S. Patent No. 6,516,411 and U.S. Patent No. 6,529,956 by the U.S. Patent and Trademark Office.
U.S. Patent No. 6,516,411, titled "Method and Apparatus for Effecting Secure Document Format Conversion," covers a method of delivering electronic information securely by using server-based encryption and decryption.
U.S. Patent No. 6,529,956, titled "Private, Trackable URLs for Directed Document Delivery," covers the use of multiple personalized, trackable URLs to deliver electronic information. The patent is a continuation of Tumbleweed's U.S. Patent No. 6,192,407.
Tumbleweed's patent portfolio includes 12 granted U.S. patents and over 20 pending U.S. patent applications. The patent portfolio broadly covers secure communication, including the binding of content to electronic identity, over Internet standards.
NEW YORK - March 28 is G-Day for "pro forma."
The bubble metric, which often stripped out nonrecurring charges or revenue, isn't completely going away. But today, when the U.S. Securities and Exchange Commission's Regulation G goes into effect, reporting companies will be required to highlight Generally Accepted Accounting Principal numbers alongside any non-GAAP numbers.
Over the past 18 months, investors and regulators have started to demand GAAP numbers and a traceable reconciliation between pro forma and GAAP figures. And most companies have complied. But now reconciliation is required and any failure to do so will bring the wrath of an SEC empowered by Sarbanes-Oxley.
Regardless of whether the numbers appear on a press release, in a presentation or on a conference call, a company must show the audience how to get from one number to the other.
"This day marks a significant event in that it is a nonevent," says Steve Schultz, director of governance programs at Shareholder.com, a privately held investor relations services firm in Maynard, Mass. Schultz says most companies had already begun reconciling non-GAAP numbers before the deadline. He says the behavior toward regulation is changing for many clients: "They are doing things differently."
Even Tyco International (nyse: TYC - news - people ), with its self-defined "free cash flow from operations" figure, has been turning in earnings releases that show GAAP and non-GAAP reconciliation side by side.
But, cautions Jack Ciesielski, "the act of monitoring behavior changes behavior." Ciesielski, author of newsletter The Analyst's Accounting Observer, thinks companies are more worried about how investors will receive deeper disclosure on off-balance sheet arrangements and contractual obligations.
For companies with fiscal years ending after June 15, details of off-balance sheet arrangements (special-purpose or variable-interest entities, derivative hedges and more) must be separately discussed in quarterly SEC filings. After the first wave of Enron (otc: ENRNQ - news - people ) special-purpose entities were exposed, companies from General Electric (nyse: GE - news - people ) to Dell Computer (nasdaq: DELL - news - people ) began giving more information on financial entities not consolidated within their own statements.
"Once Enron hit, everyone said 'We don't have any' or 'We have them and here's the business purpose,'" says David Larcker, an accounting professor at University of Pennsylvania's Wharton School. Now, going even further, the SEC is requiring companies to not just explicitly expose their special-purpose entities, but also to detail ways in which those entities could have a material financial impact on the companies' results.
As if investors don't already have enough new things to consider when picking a stock--Is there a financial expert on the audit committee? When will they expense options?--now investors will be supplied with "if, thens" for items they never knew existed.
Shareholders of Plano, Texas-based Electronic Data Systems (nyse: EDS - news - people ), no doubt, would have been up in arms had they known of the attempted profiteering on the company's own stock gains. The speculation backfired on the computer services firm and it reportedly took a $100 million hit in 2002 due to poor hedging.
Greg Fletcher, director of financial accounting and reporting for the Association of Financial Professionals (AFP), believes that some of the new rules being considered by the SEC or the Financial Accounting Standards Board could ultimately be detrimental. For example, the SEC is considering requiring firms to discuss accounting estimates in regulatory filings. For Fletcher, that notion--and the requirement that companies disclose certain material financial events in less time--opens a bit too much of the private black box that keeps business competitive.
"Some of that information is proprietary," says Fletcher. "It could serve to cloud the management's discussion and analysis as opposed to making it more transparent."
In a letter to the SEC last summer, AFP, a Bethesda, Md.-based organization of more the 14,000 financial executives, recommended that the commission limit disclosure to a qualitative discussion of certain accounting principles. AFP's worry was that companies might end up having to "quantify hypothetical effects of unknown changes in variables that affect the estimate."
That sounds more like the voodoo pulled by outsized estimates in the 1990s than a remedy for such excesses.
Still, the entire market community--from regulators, to bankers, to investors--has a duty of its own to recognize the intentions of recent rulemaking: to clear out all the companies like HealthSouth (nyse: HRC - news - people ) so that investors can trust the market again.
The first milestone event in the Sarbanes-Oxley era came in late August 2002 when chief executives and chief financial officers were required to sign off on financial statements. Today's event has not received nearly as much attention from the public. Nor should it: Companies are slowly getting the message to do what's right, or else.
NEW YORK - March 28 is G-Day for "pro forma."
The bubble metric, which often stripped out nonrecurring charges or revenue, isn't completely going away. But today, when the U.S. Securities and Exchange Commission's Regulation G goes into effect, reporting companies will be required to highlight Generally Accepted Accounting Principal numbers alongside any non-GAAP numbers.
Over the past 18 months, investors and regulators have started to demand GAAP numbers and a traceable reconciliation between pro forma and GAAP figures. And most companies have complied. But now reconciliation is required and any failure to do so will bring the wrath of an SEC empowered by Sarbanes-Oxley.
Regardless of whether the numbers appear on a press release, in a presentation or on a conference call, a company must show the audience how to get from one number to the other.
"This day marks a significant event in that it is a nonevent," says Steve Schultz, director of governance programs at Shareholder.com, a privately held investor relations services firm in Maynard, Mass. Schultz says most companies had already begun reconciling non-GAAP numbers before the deadline. He says the behavior toward regulation is changing for many clients: "They are doing things differently."
Even Tyco International (nyse: TYC - news - people ), with its self-defined "free cash flow from operations" figure, has been turning in earnings releases that show GAAP and non-GAAP reconciliation side by side.
But, cautions Jack Ciesielski, "the act of monitoring behavior changes behavior." Ciesielski, author of newsletter The Analyst's Accounting Observer, thinks companies are more worried about how investors will receive deeper disclosure on off-balance sheet arrangements and contractual obligations.
For companies with fiscal years ending after June 15, details of off-balance sheet arrangements (special-purpose or variable-interest entities, derivative hedges and more) must be separately discussed in quarterly SEC filings. After the first wave of Enron (otc: ENRNQ - news - people ) special-purpose entities were exposed, companies from General Electric (nyse: GE - news - people ) to Dell Computer (nasdaq: DELL - news - people ) began giving more information on financial entities not consolidated within their own statements.
"Once Enron hit, everyone said 'We don't have any' or 'We have them and here's the business purpose,'" says David Larcker, an accounting professor at University of Pennsylvania's Wharton School. Now, going even further, the SEC is requiring companies to not just explicitly expose their special-purpose entities, but also to detail ways in which those entities could have a material financial impact on the companies' results.
As if investors don't already have enough new things to consider when picking a stock--Is there a financial expert on the audit committee? When will they expense options?--now investors will be supplied with "if, thens" for items they never knew existed.
Shareholders of Plano, Texas-based Electronic Data Systems (nyse: EDS - news - people ), no doubt, would have been up in arms had they known of the attempted profiteering on the company's own stock gains. The speculation backfired on the computer services firm and it reportedly took a $100 million hit in 2002 due to poor hedging.
Greg Fletcher, director of financial accounting and reporting for the Association of Financial Professionals (AFP), believes that some of the new rules being considered by the SEC or the Financial Accounting Standards Board could ultimately be detrimental. For example, the SEC is considering requiring firms to discuss accounting estimates in regulatory filings. For Fletcher, that notion--and the requirement that companies disclose certain material financial events in less time--opens a bit too much of the private black box that keeps business competitive.
"Some of that information is proprietary," says Fletcher. "It could serve to cloud the management's discussion and analysis as opposed to making it more transparent."
In a letter to the SEC last summer, AFP, a Bethesda, Md.-based organization of more the 14,000 financial executives, recommended that the commission limit disclosure to a qualitative discussion of certain accounting principles. AFP's worry was that companies might end up having to "quantify hypothetical effects of unknown changes in variables that affect the estimate."
That sounds more like the voodoo pulled by outsized estimates in the 1990s than a remedy for such excesses.
Still, the entire market community--from regulators, to bankers, to investors--has a duty of its own to recognize the intentions of recent rulemaking: to clear out all the companies like HealthSouth (nyse: HRC - news - people ) so that investors can trust the market again.
The first milestone event in the Sarbanes-Oxley era came in late August 2002 when chief executives and chief financial officers were required to sign off on financial statements. Today's event has not received nearly as much attention from the public. Nor should it: Companies are slowly getting the message to do what's right, or else.
Soddom's wife flees Iraq ... !!
http://www.finitesite.com/irishbull/moab.jpg
ThankYa my man ... Gotta get caught up on these Audios ...
(takes time to load)
Soddom's wife flees Iraq .. !!
http://www.finitesite.com/irishbull/moab.jpg
ADSX - - Press ReleaseSource: Applied Digital Solutions Inc.
Applied Digital Solutions' Government Telecommunications - GTI - Unit Wins Multi-Year Contract from the Federal Government's General Services Administration
Friday March 28, 7:01 am ET
Award to GTI is part of GSA's $35 billion CONNECTIONS program in which 17 suppliers will provide telecommunications services and equipment to federal agencies
PALM BEACH, Fla.--(BUSINESS WIRE)--March 28, 2003-- Applied Digital Solutions, Inc. (Nasdaq:ADSX - News), an advanced technology development company, today announced that its business unit, Government Telecommunications (GTI) - a subsidiary of Computer Equity, Inc. - has been awarded a multi-year contract by the General Services Administration's Federal Technology Service (FTS) as part of the agency's $35 billion CONNECTIONS program.
ADVERTISEMENT
The CONNECTIONS program replaces the expiring FTS Wire and Cable Services contract. In 2002, GTI booked $38 million in orders and generated over $31 million in revenue from the Wire and Cable Services contract, which was first awarded in 1997.
In addition to GTI, 16 other suppliers will participate in the CONNECTIONS program to provide telecommunications equipment and services to agencies of the federal government. The contracts are eight-year multiple award, indefinite delivery, indefinite-quantity (IDIQ) contracts with a base period of three years and five successive one-year options.
Tom Cuneo, Vice President for Sales and Marketing, led the GTI CONNECTIONS Capture Team. The GTI Program Manager is Bill Leonard, Vice President for Strategic Programs.
"This contract award is tremendous news, for our customers, for GTI and for Applied Digital Solutions," said Frank E. Lalley, President and CEO of GTI. "It enables continuity of service for our long-term customers, and provides an opportunity for GTI to develop relationships with new agencies."
Mr. Lalley joined Applied Digital's Computer Equity subsidiary in January 2002 after a distinguished, 35-year career in the federal government. Most recently, Mr. Lalley served as Assistant Commissioner for Service Delivery in the General Services Administration's Federal Technology Service. Last May, Mr. Lalley acquired the additional title of Vice President for Government Solutions, a position aimed at meeting government needs for the Company's advanced technology products, such as VeriChip(TM), Thermo Life(TM) and Digital Angel(TM).
About the General Services Administration (GSA)
GSA is a centralized federal procurement and property management agency created by Congress to improve government efficiency and help federal agencies better serve the public. It acquires, on behalf of federal agencies, office space, equipment, telecommunications, information technology, supplies, and services. GSA, comprised of 14,000 associates, provides services and solutions for the office operations of over 1 million federal workers located in 8,300 government-owned and leased buildings in 1,600 U.S. communities.
About Government Telecommunications (GTI)
GTI, a subsidiary of Computer Equity, Inc. (Compec), is headquartered in Chantilly, Virginia. With a revenue base that exceeds $30 million, GTI specializes in designing, deploying and maintaining voice, data and video telecommunications networks for agencies of the federal government. Key customers include the Departments of Defense, Justice and Agriculture, and the Social Security Administration.
I'm just pulling yer chain, Capt-n ....
This board is almost 1st read in a.m. ...
and it does alert-us ... (tnx, to you) ....
Keep em coming .... !!
HCOM - (notice of R/Split + Added sh. to 300 Ml) HomeCom Communications Announces Acquisition of Major Licenses
ATLANTA--(BUSINESS WIRE)--March 27, 2003--HomeCom Communications, Inc (OTCBB:HCOM) announced today that the Company has agreed to license an environmental technology portfolio consisting of technologies know as EKOR, HINPU and ElectroMagnetic Radiography (EMR) from Eurotech, Ltd. (EUOT.PK).
Pursuant to a License and Exchange Agreement executed by HomeCom and Eurotech, at the closing of the transactions contemplated by such agreement, Eurotech will receive 11,250 newly authorized and issued shares of HomeCom Series F Convertible Preferred Stock, 1,069 newly authorized and issued shares of HomeCom Series G Convertible Preferred Stock and a 7% royalty payment on net sales of products developed using technology licensed to HomeCom.
The proposed transactions are subject to the satisfaction of certain conditions set forth in the License and Exchange Agreement.
The shares of Series F Convertible Preferred Stock have conversion rights, which will enable Eurotech to convert into shares of common stock, assuming the future authorization of such shares of common stock by HomeCom's stockholders. Upon such authorization and subsequent conversion, Eurotech will hold approximately 75% of the outstanding common stock of HomeCom.
In addition, certain other parties are receiving shares of Series F Convertible Preferred Stock, which is convertible into common stock equal to approximately 15% of the outstanding common stock of HomeCom.
Concurrently with the entry into of the License and Exchange Agreement, Eurotech's preferred stockholder has agreed to cancel its rights to receive approximately 10,000,000 shares of Eurotech common stock in exchange for the Series G Convertible Preferred Stock of HomeCom being received by Eurotech.
The Series G Convertible Preferred Stock of HomeCom is convertible into shares of HomeCom common stock at a percentage of the market value. The license of the technology is subject to cancellation if certain conditions forth in the License and Exchange agreement to be entered into between the parties are not satisfied.
EMR is intended for imaging of subterranean nuclear and hazardous wastes in ground and marine settings, and for oil exploration. Interested licensee resin/binder formulators for HNIPU are being evaluated with a goal of finalizing a new technology transfer partner, anticipated no later than third quarter 2003, as previously announced.
EKOR is in production and being marketed to nuclear waste managers in the US and abroad.
In anticipation of the transaction, Lawrence Shatsoff and Daniel Danovitch have resigned from the HomeCom board, and at the closing of the transaction, Don Hahnfeldt, the Chairman of the Board of Eurotech, and Dr. Randolph Graves, a director and the Chief Financial Officer and Vice President of Eurotech were elected to the HomeCom board.
HomeCom announced that its board of Directors is proposing an increase in authorized shares to 300 million shares of Common Stock and a reverse stock split. These matters will be voted upon at a forthcoming shareholders meeting together with the previously announced Asset Purchase Agreement with Tulix Systems, Inc for the sale of HomeCom's existing web-hosting and maintenance business.
Details of these transactions are or will be available in Eurotech's and HomeCom's filings with the Securities and Exchange Commission.
About HomeCom Communications, Inc.
Prior to entering into the transaction with Eurotech, HomeCom was winding down its operations and, to the extent possible, planning to sell its remaining assets. HomeCom currently has one remaining business, its hosting and website maintenance business. The Company has negotiated an agreement to sell substantially all of the assets of its hosting and Website maintenance business to Tulix Systems, Inc.
If completed, the sale of this business will leave the Company with licensed Eurotech business as it operating business.
USTI - - United Systems Technology, Inc. Announces 2002 Results
DALLAS--(BUSINESS WIRE)--March 27, 2003--United Systems Technology, Inc. (OTC:USTI) announced today that revenues for the year ended December 31, 2002 were $3,618,907, an increase of 20% from the revenues of $3,014,631 reported for the year ended December 31, 2001. The company had net income of $555,814 in 2002 as compared to net income of $519,391 for the comparable period in 2001, an increase of 7% in 2002 over the comparable reported net income for 2001.
The Company continued to increase its revenue during 2002 through internal and external growth. The Company has completed the development of several new software products, which enhances the competitiveness of its comprehensive software offering. These products are marketed under the asyst(R) brand name, were developed as Windows applications to "look and work like Microsoft Office," and include a Fund Accounting product line, a Utility Billing product line, a General Government product line and a Public Safety product line. The Fund Accounting product line includes General Ledger, Budget XLence, Report XLence, Accounts Payable, Accounts Receivable, Purchase Orders, Cash Receipts, Payroll and Fixed Assets modules. The Utility Billing product line includes Utility Billing, Service Orders, Meter Reader Interface, Bank Drafts and Budget Billing modules. The General Government product line includes Master and Land Directories, Business and Animal Licenses, Code Enforcement, Building Permits and Property Tax modules. The Public Safety product line includes Master Name Index, Calls for Service, Offense Reports, Citations, State Interface, Computer Aided Dispatch, Jail Management, Alarm Billing and UCR Reports modules. The Company is currently developing additional modules for its asyst(R) product line to add to its existing asyst(R) offerings including an asyst(R) for Powersports product line. The asyst(R) for Powersports product line will include the core asyst(R) accounting modules and will have the additional functionality of point of sale, inventory, repair orders, finance and insurance and fiche interface. The Company believes its asyst(R) product line will continue to offer its current and prospective customers an attractive software solution, both from a financial and functionality standpoint.
Stuck Dildo
Sue went to her gynecologist when she got her vibrator stuck inside of her.
"To remove that vibrator," said the doctor,
"I'm going to have to perform an operation."
"I don't think I can afford that" said Sue.
"Could you just
...................... replace the batteries?"
**************************************
Capt-n >>
tain't der ever any good NEWS to report on this Scam Bd ... ?? ... SSHeeeesSH .... !! .. tee, hee ..!!
SCYA - - Security Asset Capital Corp. Adds Director and CTO 3/27/03
SAN DIEGO, Mar 27, 2003 (BUSINESS WIRE) --
Security Asset Capital Corp. (OTCBB:SCYA) has announced today additions to its Board of Directors and Executive Management Staff.
Steven King joins the Board of Directors bringing a strong background in business and technology. King is a successful businessman and angel investor specializing in high technology; including networking, telecommunications, software, Internet business solutions and computer components. King currently is the Chairman and founder of Solarsoft Ltd., a U.K.-based network security company providing data protection software for personal, mobile, wireless and corporate users. King is also a Director and Investor of Qualistics Inc., a San Diego-based CRM application software vendor whose clients include McDonalds, Bell South and Domino's.
Bernard J. Tyler will join the company as its Chief Technology Officer. Tyler has over 30 years'experience managing technology developments for SAIC, Computer Associates and Hughes Aircraft Company. For the past 10 years, he has worked in executive positions with several San Diego emerging Internet technology companies. Most recently Tyler served as the Vice President of Engineering at Path 1 Network Technologies Inc., a leader in Video over IP solutions.
Security Asset Capital Corp.'s Chairman and interim CEO, Daniel J. Hill, said, 'The additions of Steven King and Bernie Tyler will bring focus and drive to Security Asset; setting a new pace toward success.'
This news release includes 'forward-looking statements'that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the company's ability to produce and market products and/or services and other risks detailed from time to time in their company's reports filed with the Sec
BLSI - - Press ReleaseSource: Boston Life Sciences, Inc.
Boston Life Sciences' Stock to Commence Trading on the Nasdaq Smallcap Market on March 27, 2003
Thursday March 27, 9:03 am ET
BOSTON--(BUSINESS WIRE)--March 27, 2003--Boston Life Sciences, Inc. (NASDAQ: BLSI - News) announced that it had received notification from a Nasdaq Listing Qualifications Panel that the Panel had determined to transfer the listing of the Company's securities to The Nasdaq SmallCap Market effective with the open of business on Thursday, March 27, 2003. Shares of the Company's securities will continue to be listed as BLSI. The Panel's decision was made in response to the Company's appeal of a Nasdaq Staff Determination Letter dated January 16, 2003 which stated that the Company failed to comply with the stockholders' equity requirement for continued listing on The Nasdaq markets.
The Panel indicated that its decision was based, in part, on the Company's completion of a private placement on March 12, 2003 which raised $10 million in gross proceeds. The rules of the Nasdaq SmallCap market require the Company to maintain stockholder's equity of at least $2.5 million. For additional information about the Company's financial position, interested parties should read the current report on Form 8-K to be filed with the Securities and Exchange Commission.
ADSX - - Applied Digital Solutions Quick Quote:
ADSX(no quote)
Applied Digital Solutions Agrees to Forbearance Agreement with IBM Credit, LLC, the Company's Senior Secured Lender 3/27/03
PALM BEACH, Fla., Mar 27, 2003 (BUSINESS WIRE) --
Applied Digital Solutions, Inc. (Nasdaq:ADSX), an advanced technology development company, announced today that it has agreed to the terms of a forbearance agreement with IBM Credit LLC, the Company's senior secured lender, granting Applied Digital more favorable loan repayment terms and more time in which to meet its current obligations to IBM Credit. The specific terms of the agreement have been attached as an exhibit to the Company's form 8-K to be filed today.
In summary, the terms of the agreement include, but are not limited to, the following:
-- The forbearance by IBM Credit of the current outstanding obligation (of approximately $95 million) owed by Applied Digital, subject to continued compliance with the covenants in the Forbearance Agreement and Credit Agreement. -- Various purchase rights of Applied Digital to buy back its existing indebtedness from IBM Credit. These rights include a one-time payment, on or before June 30, 2003, of $30 million. If this particular payment is made, Applied Digital would satisfy its full obligation to IBM Credit. -- A substantial reduction in the effective interest rate. -- The implementation of certain agreed procedures, including the engagement of an investment banker, to facilitate the valuation and potential sale of some or all of the shares of Digital Angel Corporation held beneficially by Applied Digital through the Digital Angel Share Trust. -- The imposition of additional limitations on permitted expenditures by Applied Digital. -- The dismissal of the complaint filed by Applied Digital on March 6, 2003, against IBM Credit and IBM Corporation.
The Company also announced that Richard J. Sullivan has retired from his positions as Chairman and CEO, effective March 21, 2003. Applied Digital's Board of Directors negotiated a severance agreement, reduced from the terms of Mr. Sullivan's existing employment contract, providing for a one-time payment of approximately $10.6 million in restricted stock instead of a potential $17 million obligation contained in Mr. Sullivan's employment contract.
At the request of the Board of Directors, Scott R. Silverman, who has served as Applied Digital's President since March 2002 and who led the most recent discussions with IBM Credit, will assume the titles of Chairman and CEO, effective immediately.
A graduate of the University of Pennsylvania (1985) and Villanova University School of Law (1989), Mr. Silverman, 39, began his career as an attorney specializing in commercial litigation and communications law. He has served as General Counsel and later as President of ATI Communications, Inc. In 1996, ATI Communications was acquired by Applied Digital Solutions, Inc. From 1997 to 1999, Mr. Silverman was Vice President, Business Development of Applied Digital. From 1999 to 2001, Mr. Silverman operated his own private-investment banking firm and has provided consulting, merger/acquisition, restructuring and capital market services to public and private companies. Mr. Silverman returned to Applied Digital as a consultant in mid-year 2001.
Former four-term Sen. Daniel Patrick Moynihan, D-New York, dies after a long illness. Watch CNN or log on to http://CNN.com
Derfie, Re: babe pics ...
http://www.madblast.com/view.cfm?type=FunFlash&display=2142
After seeing that pic, Sue, I bawled my head-off ...
.............. (the upper-one, of course) ... !
Castle ... This war s/be profitable ....
As I've stated in other posts, we should win this war,
Start pumping the hell out of the oil ...
Feed & medicate ALL the Iraqi people ....
Keep pumping til this mission is accomplished ...
Take out ALL our expenses, bet the Iraqi's would go along w/this for our Deaths & also the Brits ...
Pump so much oil to drive price back down to $.67 cents ... ( remember THAT ) ....
Neighbors of Iraq will have to drink their own oil ...
Onto Iran, Saudi, Yeman, AND
............... NORTH KOREA .... (again it s/b profitable ....
Subject: What's in a Name
Since history began, the Chinese always believed in the significance
of one's name.
They have developed a very comprehensive system
of naming one's children as it is believed that the name of a person
strongly influences one's destiny and fate.
Astrologers, fortune
tellers, academics and monks are consulted when choosing a
name for the new born.
Most other cultures, however do not really believe in it and tend to brush it off as superstition.
Whether you believe it or not, however, the other cultures are not spared of this correlation.
One very good example is Lee Iacocca, whose name
IACOCCA stands for :
I
Am
Chairman
Of
Chrysler
Corporation
America
coincidence?..........
Look at the following familiar examples.
Bush stands for :
Beat
Up
Saddam
Hussein !
Clinton stands for :
Call
Lewinsky,
I
Need
The
Oral
Now !
However, no one can beat this latest casualty in bad naming
Osama stands for :
Oh
Shit,
American
Missiles
Again!
With all these, you better believe in the 5000 year old Chinese culture and make sure you choose a good name for your children.
g/morn-n, K² >
w/b 74+ % here in Louisville toda ....
Coming your way .... !!
Good Afternoon, folks ... Can't we ALL just-get- along ..??
http://www.octanecreative.com/Parodyville/as_seen/caught.jpg
Amen to that, K² ...
Looks like complete devastation to palaces & govt buildings downtown Baghdad, BUT
the lights, water and electricity is still on for the people .... The Iraqi people know we mean no harm to them ....
Fox News .. !! . SHOCK & AWE Live to begin asap ..!!