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Interesting comment in bold, my comment in italics:
Bring on the Bankruptcies in the Telecom Space
By Cody Willard
Special to TheStreet.com
05/17/2002 01:28 PM EDT
The market has finally begun separating the telecom haves from the
have-nots. But the final winnowing process that ultimately will take place
in all segments of the teleconomy is still in its early stages.
Remember the sector's early trickle-down effect, which carried cash from the
cash-flush carriers to the equipment providers to the component suppliers?
That same kind of effect will happen again soon, but instead with bankruptcy
filings.
First Victims
The vast majority of bankruptcies have thus far been in the carrier space.
The collapses of Global Crossing, Winstar, XO Communications, McLeod and
others have been high profile and gigantic in magnitude. Countless other
carriers, both public and private, have withered away in the telecom desert,
many never to be heard from again, with their major assets sold off
piecemeal to the highest bidding buzzard.
Related Stories
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Survival of the Fittest? Not an Issue for CLECs
More bankruptcies still loom in the carrier space, as so many of these
companies depended on revenue from other start-up carriers, and they're now
scrambling to find alternative venues for growth. They will likely jump ALL OVER New Visual as it will offer a tremendous avenue for growth. The enterprise-spending
depression has hurt companies on the retail end of the spectrum, too. It's
created yet another giant hurdle for the thus-far surviving and even
relatively healthy competitive local exchange carriers such as Allegiance
(ALGX:Nasdaq - news - commentary - research - analysis) and Time Warner
Telecom (TWTC:Nasdaq - news - commentary - research - analysis).
Lower down on the teleconomy totem pole, equipment vendors, component
suppliers and other sectors will be next to face a rash of bankruptcies.
Sure, we've already seen a slew of smaller private companies close their
doors over the past year or so, but those are just the tip of the iceberg.
Just as there wasn't enough end-user demand to justify all the hundreds of
billions of dollars spent building out those carriers' networks, there
simply isn't enough capital expenditure to justify all of the plants and
equipment that the vendors churn out. Similar to the networks that sit
around with gobs of excess capacity, oodles of inventory are still sitting
out there, some not even carried on anyone's books.
The Debt Difference
The biggest difference between the carriers and the next class of companies
is that Sword of Damocles otherwise known as debt. While most of the carrier
start-ups dipped again and again into the debt markets, many of the start-up
equipment vendors went public in overheated markets, leaving them incredibly
well-capitalized.
Corvis (CORV:Nasdaq - news - commentary - research - analysis) is the best
example of this kind of company. It can hardly generate any real revenue,
reporting less than $10 million last quarter, yet it still has more than a
half-billion dollars in cash and no real debt.
That actually prolongs the problems for companies such as Advanced Fibre
(AFCI:Nasdaq - news - commentary - research - analysis) and Cisco
(CSCO:Nasdaq - news - commentary - research - analysis), which clearly will
be survivors on the other side of this winnowing process. Still, they're
stuck waiting for these start-ups to wither away and die.
The death of other balance sheet uglies like Nortel Networks (NT:NYSE -
news - commentary - research - analysis) and Redback (RBAK:Nasdaq - news -
commentary - research - analysis), whose managements were too foolish or
hubristic to take advantage of the crazy market caps they once sported, sure
would help to move things along.
The customers of these vendors also are pushing along this winnowing process
as they become increasingly selective about their suppliers. We'll
eventually see the demise of many of these vendors and their suppliers.
The market finally appears to be making some of the same judgments, as Cisco
and Advanced Fibre have made some nice moves up lately as Corvis and Nortel
have languished. I'm still long Cisco and Advanced Fibre, although I
encourage trading around a core position. Ultimately, the survivors of the
equipment and component worlds will become thrivers.
Jesse Jackson: Friend of Terrorists, Communist Stooge
Wes Vernon, http://www.NewsMax.com
Saturday, May 11, 2002
WASHINGTON – Jesse Jackson has a long record of embracing terrorists and violent leftists throughout the world. Hard-left influences in the U.S. have steered Jackson in that direction.
"Long live Fidel Castro!” ... "Arafat is a hero” ... The communist dictatorship that ruled in Nicaragua in the 1980s offered "hope” and "charity” and should smash the anti-communist freedom fighters then trying to topple it. These positions are on the record showing Jackson's support for terrorists or left-wing dictators.
This is one part of investigative journalist Kenneth R. Timmerman’s blockbuster New York Times best-seller "Shakedown” that has been overlooked in most reviews. Yet the Bush administration’s war on terrorism and focus on the "axis of evil” and other rogue nations makes it all the more relevant.
For example: Fidel Castro, says Under Secretary of State John R. Bolton, "has long provided safehaven for terrorists,” is "collaborating with other state sponsors of terror,” "has at least a limited offensive biological warfare and research development effort,” and has "aggressive intelligence operations against these United States.”
Timmerman’s book takes a close look at the main source of influence that nudged Jackson into the camp of the world's violent radicals.
Communist Stooge
In an exclusive interview with NewsMax.com, Timmerman noted that "Jackson very early on ... hired Hunter Pitts O’Dell” as his adviser on international affairs.
O’Dell "steered Jesse Jackson toward the international side of the hard-left, pro-communist, pro-Soviet movement."
"He introduced him to people like Arafat in ’79. He introduced him to Torrijos in Panama in ’77. He introduced him to Castro, to ... Assad in Syria. He orchestrated introductions to a whole series of Communist Party activists in Europe ....”
It was Hunter Pitts O’Dell who took Jesse Jackson to meet World Peace Council (WPC) in Vienna in 1985. WPC is a longtime notorious "Soviet front organization.” Its visible activities include the "nuclear freeze” movement in the 1980s.
Who is this guru with such extraordinary influence on a long-ago "civil rights leader” and two-time presidential candidate?
Former Assistant FBI Director Ray Wannal (Washington Times, 8-1-99) identifies O’Dell as "a secret member of the Communist Party’s governing body, the National Committee.”
In 1963, then FBI Director J. Edgar Hoover said O’Dell had worked for "a number of years as a district organizer for the Communist Party of Louisiana” before working his way into Martin Luther King Jr.’s entourage in 1961.
Even Kennedy Recognized the Communist Threat
In his interview with NewsMax.com, Timmerman said President John Kennedy took King aside in the Rose Garden and told him, "You’ve got to fire Hunter Pitts O’Dell because he’s a communist.”
"It was the involvement of Hunter Pitts O’Dell and Stanley Levison [another King adviser with a communist background] in the civil rights movement that prompted the FBI to wiretap” King’s communications, Timmerman told NewsMax.
Recently declassified documents show couriers brought back money "from the Soviets into the U.S. Communist Party. And they brought money to Stanley Levinson and to Martin Luther King Jr.,” Timmerman noted. "And that’s what really led to the wiretaps,” authorized in writing by then Attorney General Robert Kennedy.
O’Dell, Timmerman explains in "Shakedown,” was "the genuine article, a hardened Communist Party cadre with roots in the Stalinist era, whose task was to inflame, recruit, and organize for the communist cause.”
He caught the focused attention of the House Committee on Un-American Activities and the Senate Internal Security Subcommittee, as well as the New Orleans Police Department, which raided his boardinghouse room and "struck gold.” What they found was a roadmap of Communist Party plans to "infiltrate local labor unions, black churches and civil rights organizations.”
Herbert Romerstein, author of "The Venona Secrets” and an expert on communist activity in the U.S., says it was clear O’Dell was "a party plant.”
Some Democrats have taken a dim view of Jackson’s influence on their party and throughout the world.
Timmerman says a group of "Scoop Jackson Democrats” in 1988 published a paper that "pointed out all of Jackson’s ties to the international left. They pointed out his association with Hunter Pitts O’Dell who, at that point, was one of Jackson’s top campaign advisers in his presidential” bid that year.
"Lack of information” is not the problem, said author Timmerman. "Self-censorship” is.
Censorship
Higher-ups at CNN years ago spiked reporter Pat Clawson’s planned confrontational interview with Hunter Pitts O’Dell.
Similar "self-censorship” appears to be at work today on Timmerman’s best-selling book on Jackson.
Numerous NewsMax readers have reported having a difficult or impossible time finding "Shakedown" at bookstores.
The left-wing New York Times refused to review the book even though it was on its own best-seller list for weeks. Even the conservative Washington Times has not mentioned it, despite the fact that black leaders have thanked Timmerman for exposing Jackson’s "Shakedown.”
chromebuster- This is definitely a highly speculative stock. However, you'll have to admit that it is not nearly as risky now as it was at this time last year. And it is my strong opinion that two months from now a lot of the speculation will be gone and we will be a group of informed shareholders. Do I have a solid basis in fact for this opinion? Nope. I just happen to know that Tom Cooper is a man of action. In the upcoming days Tom will serve as a credible voice for New Visual and it will be his networking and his words that will catch the attention of other prominent companies/individuals in the field but it will be the hard work of Ray Willenberg, John Howell, and the engineers associated with developing the technology that will provide the definite proof that will back the claims made by Tom. Do you really think Tom would put his neck out without being totally confident that his words had FACTS to back him up? If you answer yes to this question then you are in effect calling Tom Cooper a complete and total idiot but I believe you are smart enough to know that is not the case just by looking at his past history, actions etc. Have your money ready Chrome. You'll be wanting to buy this issue sooner than you think. Best, Elder.
The schedule New Visual has set for itself has the prototype completed by late summer. Summer officially ends on September 22nd or so.
OK folks...I spoke with Ray again. You will now witness me eating a little crow.
In an earlier post I stated I had spoken with Ray about the movie. The part of the post I want to point out in particular is this quote: "...by releasing the movie, they mean that they will be ready to start courting distributors. It doesn't necessarily mean the movie will be shown this summer."
This statement was false. Ray and I spoke at length about various things. You all know that unless you actually write a transcript or record the conversation there are instances where misunderstandings occur. I spoke with Ray later to clarify what was said. He denied ever having said that and at first I thought for sure he was trying to cover up. However, there came a point in the conversation where he said a few key words that helped to jog my memory and it was then that I realized that *I* was the one who misunderstood. Let me explain.
One of the questions I asked Ray was about movie producing and lead time to actual theatres. *I* suggested to *Him* that it normally takes several months from the time a distributor decides to distribute a movie until the time the movie is actually put into theatres. He agreed with that and suggested that if it did take that long it would give him more time to promote the movie. However...and this is the part I totally forgot about...he stated that this is not a regular movie. This is a documentary. Taking that into consideration, Ray stated that the movie is definitely on schedule for release INTO THE THEATRES for this summer. Distributors are very well aware of the movie and are extremely excited that Dana and Bruce are the directors.
I was mistaken. What can I say. I can tell you for sure that from now on I will definitely NOT be posting any phone conversations. If you have any questions feel free to ask. I hope this clears things up.
I just spoke with Ray...by releasing the movie, they mean that they will be ready to start courting distributors. It doesn't necessarily mean the movie will be shown this summer. It could be several months depending on when whatever distributor they find wants to release it. However, the movie could very well be shown this summer. They just don't know. The movie is down to 90 minutes right now and next week they will be doing a private showing to non-surfers to get a feel for what they need to do to make it more attractive for the general public. Things seem to be moving right along.
'I Hit This White Man' Giggler Charged With Murder
NewsMax.com Wires
http://www.newsmax.com
Friday, April 26, 2002
FORT WORTH, Texas – A motorist who allegedly hit a homeless man and left him impaled in her windshield until he died – and who later laughed about her actions – was indicted for murder Thursday.
Chante J. Mallard, 25, could receive a life prison sentence if she is convicted of killing Gregory Glenn Biggs, 37. She was also charged by a grand jury with tampering with evidence in the bizarre hit-and-run accident last October.
Prosecutors could not comment because of a gag order in the case but said earlier that Mallard would be indicted for murder because she not only failed to render aid, but also prevented anyone else from helping Biggs.
After the accident on a Fort Worth freeway, Mallard drove the car to her home with Biggs' body stuck in the windshield, parked in her garage and pulled the garage door down, police said.
Why No 'Hate Crime' Here?
According to a police report filed against her, Mallard, who is black, giggled several months later as she told friends, "I hit this white man," Fox News Channel, the Dallas Morning News and the Los Angeles Times have reported.
There was no explanation why she was not charged with a "hate crime."
An accomplice allegedly later removed the body and dumped it in a city park.
Police said initially that Mallard had left Biggs in the tangled wreckage for two or three days, apologizing to him from time to time but rejecting his pleas for help. The medical examiner later determined, however, that Biggs died within 24 hours.
Two men found Biggs' body in a park Oct. 27. Police did not learn how he had died until an informant came forward last month. Police said the initial report that Biggs lived two or three days came about because of conflicting statements.
Biggs suffered severe leg injuries but died from shock and loss of blood, according to the Tarrant County medical examiner.
Police are still investigating to determine if friends assisted Mallard in the disposal of the body.
Copyright 2002 by United Press International.
Surfca- I bet my bottom dollar New Visual pays cash with money they get from financing. The shares are merely collateral until then. New Visual can opt to pay cash at any time and they will.
OT: OT: IMF Sees U.S. Leading World Economic Growth
NewsMax.com Wires
Friday, April 19, 2002
WASHINGTON – The worst could be over for the global economy, thanks largely to the rebound in U.S. growth prospects, the International Monetary Fund said Thursday in its latest report.
In its semi-annual World Economic Outlook survey, the IMF reported that global gross domestic product growth would reach 2.8 percent in 2002 and expand to 4.0 percent in 2003. Meanwhile, the IMF anticipates growth among European Union members at 1.5 percent this year, rising to 2.9 percent in 2003. But the agency expects Japan's economy to shrink by 1.0 percent this year and expand by only 0.8 percent the following year.
"We are more confident about global recovery in 2002 than we were in December," IMF Research Director Kenneth Rogoff said. He pointed out that U.S. growth potential has picked up significantly, and might well exceed the 2.3 percent it projects for 2003. The international agency anticipates U.S. GDP reaching 3.4 percent the following year. The IMF is kicking off its spring meetings Saturday, to be attended by finance ministers and central bank governors from the agency's 183 member countries.
The group last met in Ottawa last November, when financial leaders were particularly concerned about the aftermath of the terrorist attacks amid a U.S. recession. Certainly, prospects look brighter for the world, in developing and industrialized countries, as the United States appears at first blush to have shrugged off one of its mildest recessions in recent history.
Still, one of the biggest threats that could upset the potential global recovery is also the United States, namely its current account deficit. The U.S. deficit accounts for 4 percent of the country's GDP, and Rogoff pointed out that such a high level of deficit would be unsustainable.
"Historically, a current account deficit of 4 to 5 percent will eventually be reversed and hurt foreign exchange," Rogoff said. He pointed out that a sharp reversal would cause the dollar's value to depreciate significantly, which in turn would create instability in the global financial markets.
Double-Dip Recession 'Highly Unlikely'
The chief economist, however, said that the deficit was more of a medium-term issue, rather than an immediate problem. He stated that a double-dip recession in the United States was "highly unlikely."
Rather, the more pressing issue was the continued economic downturn in Japan, according to the IMF.
Questioned whether Japan can once again become an engine driving the global economy, Rogoff said that was "clearly not the case" for the next two years, pointing out that the country's deflationary spiral was particularly detrimental to Japan's growth prospects.
He said the priority must first and foremost be to get the Japanese economy back on track, and to that effect, a continued depreciation of the yen should be welcomed even if that meant upsetting other countries, particularly in east Asia.
"The risks are greater if there is a sustained downturn [in Japan] than there is from a yen depreciation," Rogoff said.
A weaker yen makes Japanese exports cheaper and thus more competitive overseas. As a result, a large number of Japan's export companies have benefited from the yen's recent decline against both the U.S. dollar and the euro, which in turn has boosted Japan's economic prospects in the near term. Indeed, the Japanese government has stated that the economy has picked up moderately in recent weeks as exports have increased, particularly to the United States.
The yen's decline and subsequent rise in Japanese export has, however, upset Japan's neighboring countries, particularly South Korea and China, which often directly compete with Japanese goods in overseas markets.
Oil the Wild Card
Another factor that could weigh down the global economy is rising oil prices.
The IMF pegs oil prices to be around $23 a barrel this year and dip to $22 a barrel in 2003. It added that every $5 oil prices increase shave 0.25 percent from the world's GDP.
The agency cautioned that given the political situation in the Middle East, oil prices as well as future potential terrorist attacks will remain wild cards in driving the world economy.
Copyright 2002 by United Press International.
OT: OT: Boycott America? What a joke!
By Abdullah Bajubeer
http://www.arabnews.com
With due respect to all that has been recently said about Arab economic power and demands that they assume an international political role, it is important for us to realize that emotional words are one thing and cold reality something else. Though we may have manufactured for ourselves the impressive motto, “Glory, Glory to the Arabs,” it only feeds the illusion of non-existent power and a role of no importance.
I have had the opportunity to look closely at the statement issued by the United Nation’s Economic and Social Committee for Western Asia (ESCWA), following its conference in Beirut last year. I was astonished to read that the productivity of the 13 countries which belong to ESCWA — 12 of which are in Asia and one, Egypt, in Africa — amounted to $392 billion annually. This represents only 1 percent of total world productivity!
A sobering fact: To put it another way, that same amount represents the productivity of one small European country — Holland — with a population of 16 million. In other words, Holland’s productivity alone is equal to the total output of the 13 ESCWA countries! We should also bear in mind that oil represents 90 percent of ESCWA’s exports and that Holland possesses neither oil nor gas.
The report went on to point out that the number of tourists in the Arab world does not exceed 2.5 percent of the total number of world tourists. In Europe, Spain hosts 70 million tourists annually; France 50 million and England 40 million. The report also mentioned that the rate of illiteracy in the ESCWA is 42 percent of the population and is higher among women. The rate of unemployment is 16 percent of the work force.
Let us see these facts through to the end: The Arab world will soon face a water shortage which may well result in the destruction of the agricultural sector and may even affect the supplies of potable water.
I write these words after a series of articles, programs and demands for an Arab boycott of Western nations that do not stand for Arab rights. It seems they are saying that the Arabs must confront the results of Black Tuesday and also boycott America and other Western countries which ride on its heels. Who, I ask, are we deceiving? I ask the writers and TV personalities who call for a boycott: Are you serious or is it all a sick joke? I must say that the situation is too serious and too discouraging for joking.
Let us first produce and then, if necessary, we can talk of boycotts.
Scott
I can respect anyone who is man enough to admit when he is wrong. Lord knows I have been there once or twice. Your humility is to be admired. Best, Elder.
matt...you have mail. EOM
Bob- I have to say that I agree with excel on this one. You don't have any idea the BS we put up with on RB. We come here to get away from the lies. There is no way for you to know what happened but I can assure you that this poster is known and his motives are clear. I will not go into it now in this forum but suffice it to say that the post made by jfk and you win were for reasons other than informing people of any "facts" that are out there. Again, we KNOW this without a doubt. We just do not want to tell you the whole story as to how we know as it is really irrelavent. Thanks for this great community. Best, Elder.
ATTENTION DUCKHUNTERS
The wonderduck is on sale. They normally sell for about $125 but you can get them for $60 now. I bought two. http://www.wonderduck.com
OT: On tax day, Bush focuses on the economy
By BILL STRAUB
Scripps Howard News Service
April 12, 2002
WASHINGTON - While millions of Americans line up for the annual rite of dropping their returns into the mailbox, President Bush will take the opportunity to reiterate his claim that federal taxes are too high and that a faltering economy was bolstered by the cuts he pushed through Congress last year.
Bush on Monday will visit Iowa to participate in a roundtable discussion and offer some thoughts on the economy and taxes.
The remarks come at a time when the economy appears to be gaining momentum after last year's recession, which most analysts have termed mild. Growth in the first quarter of 2002 is expected to reach a 4 percent to 5 percent annual rate. The number of jobs rose by 58,000 in March alone.
To this point, Bush has been cautious in statements about the rebounding economy, telling the Wall Street Journal this week that the recovery remains "fragile'' and could be adversely affected by rising oil prices - noting Saddam Hussein's decision to stop shipping oil to the United States.
Ari Fleischer, the president's press secretary, said Bush "remains concerned about the strength of the economy'' while acknowledging there are "good signs'' on the horizon.
"The president is heartened to see that,'' Fleischer said Friday. "It may very well be when economists look back, the tax cut that was such a controversial tax cut in the minds of some, that passed with such overwhelming bipartisan support, may have been just the right medicine at the right time to help get the economy going back again.''
Aides anticipate that Bush will touch on that theme Monday and take another opportunity to recommend that Congress move to make the $1.35 trillion tax cut package permanent instead of letting it expire in 10 years as scheduled. The proposition hasn't attracted the support of the Senate Democratic majority.
Speaking in Philadelphia earlier this month, Bush said that "it's important to let people have more of their own money so they can spend it.''
"When people have more of their own money it creates demand,'' Bush said. "And when people demand more goods and services, somebody will produce the goods and services. And when somebody produces the goods and services, somebody can find work.''
Bush is particularly adamant when he talks about abolishing the estate tax, which he regularly refers to as the "death tax.'' Speaking at a Connecticut Republican Committee luncheon on April 9, Bush said, "We sent the death tax on its way.
"But unfortunately there's a quirk in the law that means the repeal of the death tax is not permanent,'' he said. "It's hard for me to explain why you eliminate the death tax and all of a sudden it's able to come back to life. That's Washington.''
The repeal needs to be made permanent, Bush said, to help "small-business owners all over the country who've worked all their life, who want to leave their business to their heirs, to a son or daughter, and can't do so because of the death tax.''
The Bush tax cut added 441 changes in the tax code and more changes may be on the way. Treasury Secretary Paul O'Neill, who will be giving his own "tax day'' speech in Grand Rapids, Mich., has characterized the current tax code as "an abomination'' that represents "a drag on our productivity and ability to create jobs."
The Treasury Department is in the process of drafting a series of white papers intended to simplify the 1.4 million-word code, as well as the 650 forms and 13,000 pages of explanation it requires.
And to think, you've done it 20 times.
excel- I met Scott in SD and I can tell you that you are several (and I do mean several) candles short on that cake.
EXCEL- He also said that if you send a certificate to the government, they will allow you to draw money from the welfare program to help feed the wife, kids, etc.
OT: OT: BR- welcome to the board. If you're going to make posts like that then feel free to post anytime.
Twister- I'm curious to see your response to spokeshave's post #3046. I believe he has "read the K's and Q's" and I think, judging by your lack of response, that you may have overlooked it.
For all you folks criticising NV for bringing in a new CEO, a man with an excellent reputation and a PROVEN track record, I challenge you to enlighten us as to how you would go about making the announcement/transition. They named him to the BOD and signed him on as a consultant first. You say were were blindsided? Well how else do you tell people? Do you make a pre announcement prior to the announcement? If so, then you better make a pre announcement to the pre announcement and so on. I can't believe some of you guys. Ray has stepped aside and given us what I believe to be the best announcement ever and all you can do is gripe! Cooper will press forward with the business at hand and will build shareholder value much like he did at Virata. If we could disconnect our emotions from the day to day share price we would all be much better off. WE WILL ALL BECOME WEALTHY ON THE BACK OF COOPER. Today's pps has nothing to do with the long term outlook. Good day gentlemen.
I believe that's the best news we've had yet. Ray did a fantastic job and I commend him for stepping aside to let Cooper take us the rest of the way.
So does that make dutch santa's grandfather then? Get it? grandfather clause...Santa clause...nevermind.
Two attorneys boarded a flight out of Seattle. One sat in the window
seat,
the other sat in the middle seat. Just before take-off, a physician got
on
and took the aisle seat next to the two attorneys.
The physician kicked off his shoes, wiggled his toes and was settling in
when the attorney in the window seat said, "I think I'll get up and get
a
coke."
"No problem," said the physician, "I'll get it for you."
While he was gone, one of the attorneys picked up the physician's shoe
and spat in it. When he returned with the coke, the other attorney said,
"That looks good, I think I'll have one too." Again, the physician
obligingly went to fetch it and while he was gone, the other attorney
picked up the other shoe and spat in it.
The Physician returned and they all sat back and enjoyed the flight. As
the plane was landing, the Physician slipped his feet into his shoes and
knew immediately what had happened.
"How long must this go on?" he asked. "This fighting between our
professions? This hatred? This animosity? This spitting in shoes and
pissing in cokes?"
Special Report to NewsMax.com Readers
Col. Lunev's Advice Heeded: Pres. Bush Draws Up Nuclear Plans
By Christopher Ruddy
Monday, March 11, 2002
The recent "leak" of a classified Pentagon report that the U.S. military
recently has drawn up plans to use nuclear weapons against seven nations
was no accident.
The Pentagon report identifies China, Russia, Iraq, North Korea, Iran,
Libya and Syria as nuclear targets, and directs military planners to begin
preparing nuclear strike plans in case of a nuclear, biological or
chemical weapons attack on the U.S. or "in the event of surprising
military developments."
U.S. officials were quick to confirm the report, which no doubt sent a
serious signal to rogue states about what will happen if the U.S. is hit
with a nuclear device.
This "news" of the nuclear war plans should not be surprising to NewsMax
readers.
President Bush and the Pentagon are only following the advice given to
them by NewsMax columnist and Russian defector Col Stanislav Lunev.
On Sept. 24, Col. Lunev's column headlined: Bush Must Warn Rogue States of
Nuclear Retaliation.
Lunev, the highest-ranking military spy ever to defect from Russia, warned
the White House that the terrorist threat would not abate: "These groups
clearly have received sufficient funds, supplies, support and hospitality
from rogue nations – all of whom have close ties to Russia's military and
intelligence agencies."
Lunev continued ominously: "... we are in a full-blown war, the stakes are
high for each side. No one can rule out that these terrorists may have
biological, chemical and nuclear weapons. No one can rule out their use.
International terrorism currently has enough power to challenge the West
and, using weapons of mass destruction, perhaps hit us with a devastating
blow."
Col. Lunev also said, "The planning, network and resources involved in the
operation of Sept. 11 suggests to me that one or more countries were
behind this, and also that Russian intelligence agencies were likely aware
of the possibility of these attacks."
Lunev argued that the Sept. 11 attack was simply a precursor to a much
larger attack.
The terrorists and their backers are clever propagandists and realized
that a mass destruction attack against the U.S. would rouse Muslim and
world opinion in the U.S.'s favor.
The terrorists, Lunev thinks, "realized America would retaliate."
Only in the aftermath of U.S. retaliation, which the world has since
witnessed in Afghanistan, Lunev wrote that "we must worry about the next
attack, which may be an escalation in scope and severity over the ones of
Sept. 11."
Lunev then gave advice that has now been heeded by the Bush
administration: "My suggestion is that the U.S. must warn rogue states,
i.e., Iraq, Iran, Syria and Libya, that if these groups use a weapon of
mass destruction on an American city, the U.S. military will not do any
investigations, there will be no delay – the U.S. will use similar weapons
on their population centers and military targets."
On Oct. 16, just over a month after Sept. 11, Lunev worried again about a
nuclear attack, in an urgent memo to President Bush, which was published
on NewsMax.com (see: Memo to Bush: A Plan to Prevent Weapons of Mass
Destruction).
Lunev candidly informed President Bush: "Right now, there is no way to
assure America that such weapons [of mass destruction] will not be used.
We must be honest and admit that time may already have run out.
"The terrorists have had a huge time advantage over us. They had almost
the whole past 10 years to move without sanction from the U.S. government.
For all practical purposes, these terrorists may have already deployed
weapons of mass destruction here."
It should be remembered that it was Lunev who, as a GRU defector, first
told the CIA that Russia had already deployed suitcase nuclear bombs
inside the U.S.
In the wake of the al-Qaeda attacks, Lunev was justifiably troubled that
other rogue operators, such as Iraq and North Korea, would use the
opportunity to detonate a nuclear device in America – with the hope that
it would be conveniently blamed on bin Laden.
"Already, I have encouraged you to warn all backers of al-Qaeda, including
any and all backers of terrorist groups and nations, including Iraq, Iran,
Syria and others, that the use of weapons of mass destruction on American
soil will cause the U.S. to use such weapons against any and all backers
of these terrorists.”
Lunev added, in his Oct. 16 memo, "You should tell them the U.S. will
retaliate without investigation and go after 'likely suspects.'"
Lunev then advised the president on a critical tactical maneuver: He
should not simply warn rogue nations of a potential nuclear retaliation,
he must draw up plans to do so.
Lunev wrote, "You should not just warn rogue nations, you must have your
Pentagon begin to prepare to use such weapons against these nations.
"If you do, the many spies in the U.S. government will report back to
rogue nations that you are serious and if a weapon of mass destruction is
used against America, you will respond with fury. Then no one will be
safe.
"I can assure you that this will be unsettling to America's enemies."
Lunev then reminded the president how successfully this strategy had
worked during the Cold War.
"In the early 1960s, President John Kennedy was faced by a similar nuclear
threat from rogue nation Cuba. Kennedy did not warn Castro that he would
hit Cuba if the U.S. was so attacked.
"Kennedy went right for the jugular. He warned Nikita Khrushchev in no
uncertain terms that any nuclear attack by Cuba on the U.S. would require
a "full retaliatory" strike at the Soviet Union.
"When the Soviets heard the 'bad news,' that Kennedy was not going to be a
pushover, weapons of mass destruction were immediately removed from Cuba.
"You must emulate Kennedy now. You should do so sooner rather than later,"
Lunev concluded in his memo.
President Bush, wisely, chose to take the advice.
Editor's note: You can hear Col. Lunev in his own words, uncensored, in
the powerful audiotape NewsMax has published: "CIA FILES." "CIA FILES"
includes the full story of what Col. Lunev told the CIA -- and his
warnings about Russia's links to terrorist groups, as well as their plans
using suitcase nuclear bombs in America -– CLICK HERE to get "CIA Files":
http://www.newsmax.com/jump/ciafiles
E-MAIL FROM JH
Good morning John. I have been asked by the guys to ask a couple of questions regarding Cooper.
When Cooper exercises his options, will the shares be free trading or 144 shares? Also, being that he's on the BOD, will he need to register with the SEC before selling? If so, will he have to register at the time he exercises or at the time he actually sells? Thanks John.
Michael
Michael,
Tom Cooper has an option to purchase 144 stock. If he chooses to exercise that option, the one year waiting period starts on the day he exercises that option by paying the option price. The 144 shares will then be restricted for at least one year. If after that year he wanted to sell any of those shares, he would have to seek an opinion letter from the company and also report his intentions to the SEC. As a board member, any shares he buys or sells, whether free trading or by an opinion letter, he must report those transactions by the second week of the month following any transactions.
TFN- I believe you will be very happy with the ROI NV will provide. Do your research, talk to people who have been in the stock, but for goodness sake, don't read RB. LOL Feel free to call anytime. I'll e-mail my number. What an exciting story this has become. Best, Elder.
Hey there TFN. Good to see you made it over.
Hey colonel...on that last one, the one where the doctor had the brain in the jar...that person could also be alive and posting on the message boards also. In fact, I'm sure of it. No names of course. That would be against the rules. :)
For the information of all...the white papers have been in use for some time now. Do you really think NV has come this far without them? Management has stated that to be the case as well. Have a nice day.
austin- my first price target is the $1 mark. Once we get there we will be more likely to get some type of buying from small brokerage houses, etc. With this buying, and more news, we could then be propelled up to the $5 mark which will open us up to many other types of opportunities. We would be in a whole different league. We could start getting analyst coverage from some of the firms that allow their analysts to cover otcbb's (yes, there are some, although no one major). Let's just hope that New Visual knew of this big seller before they released this recent spat of news and weren't counting on these releases to get us up to the dollar mark. I have to think there is much more ammo. In fact, I'm quite certain of it. Best, Elder.
Hmmmmm....eminant. Well heck, that means any time doesn't it?
cosmo- I would tend to think of it as PURE speculation.
spokeshave- what it boils down to is NVEI must maintain a minimum bid of $4 until they are actually trading on the NASDAQ. If that only takes 90 days then so be it. But if it takes 9 months that price cannot drop below $4.
austin- NV will have to maintain $4 for 30 days just to apply. We must then maintain that $4 pps until we are accepted onto the Nasdaq. As for seeing the fruits of Elite's labor, we'll just have to wait and see on that. Best, Elder.
austin- Jennifer stated that it is her goal to do everything she can (with info supplied by the company) to get our story out there to create buying which will in turn increase our PPS to the desired level for a naz listing. How's that for a run on sentence. Best, Elder.
Ben- Very good observation on your part. Jennifer was asked about how she would combat the shorters and her answer was that she would stay in constant contact with them to keep them up to date on developments and to make sure they know that NV is for real. Best, Elder.
mikey- NV will be the ones dealing with the noise issues. The telcos want a finished product.
tom- if someone is going to buy into this company I can assure you it's not going to be because of the balance sheet. Best, Elder.
I also will leave the details to pengy. However, there are a couple of things that stood out to me. First thing is Rich stated that he would be very suprised if computer simulations weren't done within 6 weeks. Also, the prototype will be done by late summer at the latest. JH stated that the bulk of field triels could take as little as a month with an aggressive carrier. When asked if we had an aggressive carrier he said YES. Also, while many seem to be looking to the telco's for a buyout, it would be more likely that a chip maker such as Cisco or Broadcom would be the more likely suitor. Overall I am much more excited than I have EVER been. For the first time IN A LONG TIME I feel that I believe John when he says "we are readt to tell the world about our tech" Time for the family...I'll be in chat later and will possibly make another more detailed post. I am pressed for time right now. Best, Elder.