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cksla - please forward laetitia's phone number ASAP
LL
gern - great post. 24dogs.com? I agree with your assessment. It will take a while for public confidence to return - I believe it will return/stay with small, more definable companies with more definable revenue streams, such as EDIG, long before returning to the more complex, large cap giants.
Of course, these guys are not doing anything different than the politicians have been doing for years. Only this time it is our personal money, rather than our collective money, which is at stake.
LL
Tin, if EDIG achieves 1/3 of its potential, the ability to avoid a buyout is my biggest long term concern.
LL
string - unusual to say the least!
ucansee - ahh, perspective is a wonderful thing, isn't it? LOL
Thanks for reminding us. LL
emit - fwiw, and it may be self-serving on their part, I have talked to the guys at evolution several times and they are excited about their first offerings, but are most excited about the dataplay possibilities - they still think that the labels and content will come dataplay's way and that it, and their products, will be quite big.
I am merely reporting what they told me and have no opinion at all on it.
LL
Morgan Stanley's Biggs pens essays for the bulls
NEW YORK, July 11 (Reuters) - Barton Biggs, one of Morgan Stanley's top strategists and a vocal bear during much of the market bubble three years ago, told clients on Thursday stock prices had declined to the point where the deeper the drop, the more bullish he becomes.
"Of course, there have been abuses and fraud," Biggs wrote in a note to clients entitled "Don't Bet Against America."
"But the vast majority of corporate America was not as involved in the excesses, and its shares did not get as outrageously overvalued.
"Therefore, as stock prices decline, I become more bullish," Biggs added. "I don't believe we are on the verge of a new bull market, or the immediate resurrection of TMT (technology, media and telecommunications).
"At today's prices, however, I do think that investors can make money in the short run and that this is no time to be selling stocks," Biggs added.
In recent days, the U.S. stock market has been pummeled to lows unseen since 1997 as the long parade of corporate scandal continues to scare investors out of the market.
The Standard & Poor's 500 Index (CBOE:^SPX - News) has fallen 21 percent since its March high while the tech-laden Nasdaq Composite Index (NasdaqSC:^IXIC - News) has fallen 29 percent.
Biggs joined other already bullish Wall Street strategists who say the plunge in the markets provides investors with a golden opportunity to invest.
"This is a gentleman who is very well respected on Wall Street, who has been around the block more than most ... and, therefore, has a perhaps better perspective on the noise that is currently swirling around our businesses," said Charles Crane, strategist with Victory SBSF Capital Management, which oversees about $4 billion in assets.
"He is providing a calming voice of reason in the face of a market where reason has taken a back seat to emotion," Crane said.
Jeff Applegate, chief market strategist for Lehman Brothers, said on Thursday stocks were "approaching very extreme levels of undervaluation." Rather than worry about further downside, investors should spend their time screening buy ideas, he said in a note to clients.
cksla - nice post. thanks.
dr hunt - agreed. This is almost a cut and paste from the bashers on RB. Not even a hint of objectivity. He doesn't even acknowledge the products and relationships, just makes allusion to the PRs about same.
As to "fighting back," that is a waste of energy as well as a fruitless undertaking. When the positive numbers start showing up guys like this will move on to other targets. Until then, the numbers provide them fodder.
LL
Tolstoy - excellent point in your last sentence.
Best,
LL
Lickily - well put. end of story. LL
Tin - my brain was overloaded when I read your post. Thanks for the laugh.
LL
arkie - that would be very interesting. TXN was how I first heard about EDIG back in early 1999. They were mentioned in one of TXN's PRs or financial reports.
LL
marc - I would not be surprised.
LL
I wonder if there is someone else in the picture that we do not yet know about?
Congrats SS.
Blackdog - my two favorites also. LOL
rstring - I agree. LL
Recovery in Technology Spending Is Still Elusive
June 23, 2002
By RUSS MITCHELL
While other areas of business are showing tentative signs of
strength, technology remains in a deep funk. And the
reasons go beyond the weak economy.
http://www.nytimes.com/2002/06/23/business/yourmoney/23TECH.html?ex=1025852176&ei=1&en=06624...
emit - I suspect they have received a NUMBER of questions - should be an interesting CC.
LL
The death of FM radio.
http://www.cnn.com/2002/SHOWBIZ/Music/06/20/radio.daze.ap/index.html
bosox - I think there are posters on this board who sometimes hoist a few (don't tell anyone) LOL
Press - as I said, always interested in 'healthy' debate. I think JBocca answered your query from a logical standpoint. The company appears to be willing to address any and all questions at the CC, so why don't you submit it. I am sure others would be interested.
Best wishes,
LL
press - I welcome all healthy debate - however your use of the term death spiral, a very popular concept with RB bashers, leads me to wonder how much you are interested in debating.
For the record, your concept flies in the face of the A Priori track record, an example of which was posted by bostonredsox yesterday.
Last, if you are concerned about this, (which I doubt) why don't you arrange for the company to address it at the CC?
LL
sox - thanks for the info - did it say how long ago they invested in this company? Interesting - especially since there are those on the you-know-what board that would have us believe a priori's sole mission is to sink EDIG.
thanks again
LL
Sentinel - well stated. LL
Wallace - I am an FOB and do not have a Putnam story. Isn't this a great stock that we can both be invested in it? LOL
Sparty, thanks for the literate and alliterative response. I don't agree with your harsh assessment of Putnam, but do agree with that of Collier AND with his approach.
Best wishes.
Sparty - huh?
moxa, at the risk of sounding arrogant, I don't see how some of our car manufacturers (like Chrysler) are able to compete with far superior and less expensive products - but they
DO have some serious marketing muscle.
LL
murgirl - good point - the fact remains that consumers are eventually going to want some of these features in their cars - perhaps they will be upgradable systems which allow primary components to be seamlessly exchanged and will be an even greater source of revenue/market than we intially thought.
LL
Emit - except that prince couldn't make enough money selling direct, was really only doing it until some contractual timeframe passed, and, I believe, has now signed with a record label again which put out his most recent CD. Many artists have played around with all kinds of innovative ways to avoid going mainstream (Pearl Jam vs, Ticketmaster for example) but in order to make money, the vast majority will opt for mass distribution methods. All just MHO, of course.
LL
Bosox - great posts re dataplay - thanks. LL
review by d.inkie - very favorable conference call
http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB00154&read=35642
ahhh, an early morning whiner BOLDLY opines.
lgl - good one - old one. I keep waiting for an original lawyer joke. LOL
stoops - hook 'em! LOL
stoops - to add insult to injury I went to Texas! LOL. Have a good day my friend.
LL
microsoft?