pis...(put something here)
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When you run defrag, do you shut down everything except Systray and Explorer the way Arkie does it? Is this necessary to close all of these?
Interesting - did not know that scandisk is now called "error checking" on XP.
It's amazing how they can put a negative spin on something like this. One month off from what was anticipated and they sell even though they got the temporary license? April/May is not that far off!
Art,
They get great news and go sub-penny? What the ****?
Wasn't that a Steven King short story?
Well I know from past mistakes to shut everything down if and when I need to use Defrag. Anyone else out there have opinions on how necessary it is to run it, and how often?
Arkie,
How often are you supposed to run Scan Disk and Defrag, and is it very important to do this?
I use to run them a long time ago on my Win98 computer when I fist bought it - I was using the schedule maintenance and they would just come on at a certain date and time. One day the Defrag came on while I had other programs running and it fried my hard drive. I lost everything! I had to re-format and reinstall the OS from scratch! Ever since then I never use Defrag - ScanDisk comes on if I close Windows wrong. Is this bad that I never run these? My new computer which is XP has never had either of them run.
I think it will all come down to this:
Standard & Poor's will continue to monitor Atlas's negotiations with its lenders and lessors. Failure to successfully conclude refinancing negotiations would likely lead to a general default and bankruptcy filing. If Atlas is successful in negotiating new financing terms with both groups, CreditWatch implications may be revised, and ratings could be reviewed for possible upgrades.
Also, did you see this:
Atlas Crewmembers Respond to Management Change
March 07, 2003 16:26:00 (ET)
WASHINGTON, Mar 7, 2003 /PRNewswire via COMTEX/ -- Captain David Bourne, chairman of the Atlas Airlines pilots' Master Executive Council, a unit of the Air Line Pilots Association, released the following statement:
"The announcement by Atlas Air Worldwide Holding of changes in the management team of Atlas Airlines has the full and unqualified support of the Master Executive Council and the Atlas crewmembers. Atlas has endured much over the last several years. We have always believed in the quality of our product and our professionalism. The announcement of Jeffrey H. Erickson as president of Atlas Air Worldwide Holdings confirms our belief and faith in management's ability to firmly steer a course that will restore Atlas Air's leadership role in the air cargo industry.
"We remain as always, committed to Atlas, its success and the future. To that end, we look forward to a renewed commitment and spirit of cooperation between management and labor.
"We may disagree at times. But as we have clearly seen in recent days, by working together we can improve the airline and steer a positive course for the future.
"We look forward to meeting with the company in the days ahead and are confident of a future where management and labor are truly committed to a common goal."
Founded in 1931, ALPA is the world's oldest and largest pilot union, representing 66,000 pilots at 42 airlines in the U.S. and Canada. Visit the ALPA Website at http://www.alpa.org .
SOURCE Air Line Pilots Association, International
Miles Wiley of Air Line Pilots Association, International,
+1-703-481-4440
http://www.alpa.org
Copyright (C) 2003 PR Newswire. All rights reserved.
Matt,
What do you think of the management changes at CGO - new CEO, John Blue?
Ed,
Here is a cut and paste:
READ THIS - great level 2 - and maybe reason why it's been pushed down, tho ought to be way higher -
BREAKING RESEARCH:
The three companies that we've been hearing about that are being held down by DOMS all have one thing in common. They all received a recent convertible investment by AJW Partners and New Millennium Partners, as well as a few other similar sounding names. These funds are all managed by First Street Manager, LLC. Seems to me that this fund uses DOMS for their trading and always trades the same way: Namely, push the stock down as far as possible to get the best conversion price. the following three posts are pasted from SB-2 filings for IDNW, TRBY, and CNES respectively:
http://ragingbull.lycos.com/mboard/boards.cgi?board=IDNW&read=24822
more - http://ragingbull.lycos.com/mboard/boards.cgi?board=IDNW&read=24824
TRBY Investment
The information listed below was furnished to us by the indicated selling stockholders. Shares of our common stock will be acquired by the selling stockholders pursuant to the exercise by AJW Partners, LLC, New Millennium
Capital Partners II, LLC, AJW Qualified Partners, LLC and AJW Offshore, Ltd. of up to $500,000 in secured convertible debentures and warrants to purchase up to 1,500,000 shares of common stock, in the aggregate, in accordance with the terms of that certain securities purchase agreement dated May 15, 2002 and related amendments.
AJW Partners, LLC is a private investment fund that is owned by its investors and managed by SMS Group, LLC. SMS Group, LLC, of which Mr. Corey S. Ribotsky is the fund manager, has voting and investment control over the shares listed below owned by AJW Partners, LLC. New Millennium Capital Partners II, LLC is a private investment fund that is owned by its investors and managed by First Street
Manager II, LLC. First Street manager II, LLC, of which Corey S. Ribotsky is the fund manager, has voting and investment control over the shares listed below
owned by New Millennium Capital Partners II, LLC. AJW Offshore, Ltd., formerly known as AJW/New Millennium Offshore, Ltd., is a private investment fund that is
owned by its investors and managed by First Street Manager II, LLC. First Street Manager II, LLC, of which Corey S. Ribotsky is the fund manager, has voting and
investment control over the shares listed below owned by AJW Offshore, Ltd. AJW Qualified Partners, LLC, formerly known as Pegasus Capital Partners, LLC, is a
private investment fund that is owned by its investors and managed by AJW Manager, LLC, of which Corey S. Ribotsky and Lloyd A. Groveman are the fund managers, have voting and investment control over the shares listed below owned
by AJW Qualified Partners, LLC. We have been notified by the selling stockholder that they are not broker-dealers or affiliates of broker-dealers and that they believe they are not required to be broker-dealers.
have to believe the companies do something about that soon
Good trading {
Did you read this regarding the CD and DOMS?
http://www.thelion.com/bin/forum.cgi?tf=wall_street_pit&msg=404064&cmd=read
Smart move, Whip. But drop by and say hello - don't be a stranger! Anyhow, who's going to help me with my Charts 101 course?LOL
IDNW - anyone know what's driving it?
TWEN - the numbers in yesterday's PR might have been wrong:
http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB00412&read=224067
I don't have it, and that is another good reason why I rarely touch the pinks. What was the closing bid on TWEN, .011?
You have Level II for pinks, right ou?
I would have liked it better if they were off the pinks and then released that deal!
Oh, geez...he rides a motorcycle too?
I hope he didn't jump? I tried it earlier this morning when CGO dived - but don't worry - I trade from a subbasement and didn't get hurt!
How can you tell when GNET is off for good - the other day it looked that way and then they were back on the ask again.
Are you in Live?
They are talking about it now:
Sprint says "that it doesn't matter what the average joe thinks - the key is what the big boys think and that the default is actually an extension negotiated".
I don't know, but it was mentioned (I think on RB) that the probe began last October. Why the heck did that have to come out the same day with earnings news? Hopefully you are right and it is old news. It does say:
federal securities regulators have stepped up their investigation of the company
and...
Reuters
SEC Probe of Atlas Air is Stepped Up
Friday February 28, 8:38 am ET
PURCHASE, N.Y. (Reuters) - Cargo carrier Atlas Air Worldwide Holdings Inc. (NYSE:CGO - News) on Friday said federal securities regulators have stepped up their investigation of the company.
It also said it has not made six lease payments on aircraft in its fleet and may defer others.
The company also has agreed with aircraft builder Boeing Co. (NYSE:BA - News) to delay by about three years the delivery of a Boeing 747-400 plane that had been set for this October.
The Securities and Exchange Commission had launched an informal investigation last October after the company said it was re-auditing past results.
News CGO:
Atlas Air Worldwide Holdings Provides Fourth-Quarter Update
Business Editors
PURCHASE, N.Y.--(BUSINESS WIRE)--Feb. 28, 2003--Atlas Air
Worldwide Holdings, Inc. (NYSE:CGO) today provided the following
summary of certain of its operating results for the fourth quarter
ending December 31, 2002. The Company also announced the appointment
of Jeffrey H. Erickson to the position of acting President of Atlas
Air Worldwide Holdings. The Company's third quarter Form 10Q and 2002
Form 10K to the SEC will be delayed until the ongoing re-audit of its
annual financial results for fiscal years 2000 and 2001 has been
completed.
Chief Executive Officer Richard Shuyler said, "In the fourth
quarter of 2002, both our scheduled service and charter services
benefited from the disruption of port operations on the West Coast,
primarily resulting in stronger yields, as well as strong demand from
the US military. Although Atlas's traditional ACMI market is still
depressed, we have adapted to today's market by shifting our
operations towards maximizing military and commercial charter
opportunities. Military charter demand has continued into the first
quarter of 2003, and our fleet remains at near capacity operation as a
result."
Financial Results
For a more detailed update regarding the Company's financial and
operational performance in the fourth quarter 2002, please refer to
the Form 8-K filed today by the Company with the SEC.
Total operating revenues for the three months ended December 31,
2002, increased $129.9 million, or 45.8% to $413.7 million, primarily
due to the inclusion of Polar Air Cargo's revenues in 2002 as well as
strong military charter demand and commercial charter demand created
by labor disruptions at West Coast ports. Revenues from traditional
ACMI services were down 44.5%, or $67.8 million, compared to the same
period during 2001. However, revenues from other contract services
were up 201.1%, to $26.5 million year-over-year, and revenues from
charter services were up 106.0%, to $153.3 million.
For Atlas Air, operated block hours decreased 0.2% year over year,
from 30,311 block hours operated during the fourth quarter of 2001, to
30,236 block hours in the same period in 2002. At Polar, total block
hours operated were up 36.5% in the fourth quarter of 2002, compared
to the same period in 2001, increasing from 10,929 to 14,922. The
revenue and block hour information provided for Polar for the fourth
quarter of 2001 does not include the period prior to Atlas Air
Worldwide Holdings' acquisition of Polar on November 1, 2001.
Liquidity
As of December 31, 2002, the Company's cash and investment balance
stood at $254.9 million on a consolidated basis at the end of the year
and $228.4 million at Atlas Air, Inc. As of the same date, the
Company's outstanding long-term debt, including the current portion,
amounted to $930.6 million on a consolidated basis and $921.3 million
at Atlas Air. Total future payments of long-term lease obligations, as
of that date, amounted to $3.7 billion on a consolidated basis and
$2.5 billion at Atlas Air.
Debt Covenant and Lease Negotiations, Re-Audit Status
Atlas has begun negotiating with some of its aircraft lessors to
reduce or defer operating lease payments relating to five Boeing
747-200 and one Boeing 747-300 aircraft. At this time, Atlas has not
made six lease payments, and may choose to defer others pending the
outcome of the negotiations. After receiving a notice of lease
termination for one Boeing 747-200, Atlas is in the process of
returning that aircraft to its lessor. While the company is optimistic
that the ongoing lease renegotiations will result in payments that
better reflect market conditions, there can be no assurance that other
lessors will not elect to exercise remedies available to them,
including initiating litigation, under their leases in response to any
non-payments.
As previously reported, in January the Company entered into an
agreement with its bank lenders to amend loan agreements to waive
previously announced events of default. As part of this amendment, the
bank lenders agreed to waive application of financial covenants
contained in the loan agreements through March 31, 2003. Atlas Air is
currently in discussions with its lenders to address financial
covenant levels beyond March 31, 2003. It is likely that the Company
will also have to seek additional waivers to extend the requirement
for providing financial statements beyond such date.
Commitments and Contingencies
Atlas Air and Boeing have agreed to delay the delivery of one
Boeing 747-400 aircraft, previously scheduled for delivery in October
2003, until September 2006. The Company has no obligations or
commitments with respect to additional aircraft deliveries beyond the
aircraft referred to here.
Regulatory Matters
The SEC notified the Company on October 17, 2002 that an informal
investigation had begun, arising from the Company's October 16, 2002
announcement that it would restate its financial results for 2000 and
2001. The SEC has since formalized that investigation, and required,
among other things, that the Company provide the SEC with certain
documents. The Company intends to continue cooperating fully with the
SEC in its investigation.
About Atlas Air Worldwide Holdings, Inc.
Atlas Air Worldwide Holdings, Inc. is the parent company of Atlas
Air, Inc. ("Atlas Air"), and of Polar Air Cargo, Inc. ("Polar"). Atlas
Air offers its customers a complete line of freighter services,
specializing in ACMI (Aircraft, Crew, Maintenance, and Insurance)
contracts, utilizing its fleet of Boeing 747 aircraft. Polar's fleet
of Boeing 747 freighter aircraft specializes in time-definite,
cost-effective, airport-to-airport scheduled airfreight service. Polar
and Atlas Air are operated as separate subsidiaries of the Company.
For more information, go to http://www.atlasair.com.
Forward-Looking Statements
This press release contains projections and other forward-looking
statements that involve assumptions, risks and uncertainties. Readers
are cautioned not to place undue reliance on these statements, which
speak only as of the day of this Report. These statements are
inherently uncertain, and readers must recognize that our actual
results may differ materially from our expectations. Further, we
undertake no duty to update any of these forward-looking statements.
Readers are referred to the documents filed by Atlas Air Worldwide
Holdings, Inc. (together with its affiliates, "Atlas", "we" or "us")
with the Securities and Exchange Commission, specifically our Annual
Report on Form 10-K for the year ended December 31, 2001, our
Quarterly Reports on Form 10-Q for the quarters ended March 31, 2002
and June 30, 2002 and our Current Reports on Form 8-K dated October
16, 2002, October 18, 2002, November 14, 2002, December 2, 2002,
January 8, 2003, January 21, 2003 and February 26, 2003, which
identify important risk factors that could cause our actual results to
differ from those contained in the forward-looking statements. Other
factors that may affect our plans or results include, without
limitation, the outcome of various legal actions brought against
Atlas, the filing of additional lawsuits against us, the nature, scope
and results of the Company's internal accounting investigation and the
Company's ability to effect a restatement of its financial statements,
the outcome of the SEC's formal investigation concerning our decision
to initiate a re-audit of our financial statements for 2000 and 2001,
our ability to obtain various waivers from our bank lenders and
reduced or deferred operating lease payments from certain of our
aircraft lessors, significant changes in fuel prices and other
operating and maintenance expenses, the possible outbreak of war in
the Middle East, and the availability and cost of war and terrorism
risk and other insurance for the Company.
-0-
*T
Atlas Air Worldwide Holdings, Inc.
Three Months Ended
December 31, Percent
(in millions) 2002 2001 Difference Variance
---------- ------------ ---------- --------
Operating Revenue:
ACMI Service $84.5 $152.3 $(67.8) (-44.5)
Charter Service 153.3 74.4 78.9 106.0%
Scheduled Service 140.4 37.0 103.4 -
Other Contract Service 26.5 8.8 17.7 201.1%
Other 9.0 11.3 (2.3) (-20.4)
---------- ------------ ---------- --------
Total Operating Revenue $413.7 $283.8 $129.9 45.8%
Polar Air Cargo, Inc.
Three Months Ended(a)
December 31,
2002 2001 Difference Variance
---------- ------------ ---------- --------
(unaudited) (unaudited)
Scheduled Service
Revenue (millions) (1) $140.9 $57.9 $83.0 143.4%
Yield (cents) 33.61 25.62 7.99 31.2%
Load Factor 63.0% 61.3% 1.7 2.8%
Available Ton-Miles
(000's) 665,195 368,630 296,565 80.5%
Revenue Ton-Miles
(000's) 419,278 225,950 193,328 85.6%
(a) The table represents Polar's pro-forma Scheduled Service revenue
for the three months ended December 31, 2001.
Operating Statistics
Three Months Ended
December 31, Percent
2002 2001(1) Difference Variance
-------- -------- ---------- --------
Atlas Air Worldwide Holdings, Inc.
Block Hours: Total Operated 45,158 41,240 3,918 9.5%
ACMI service 17,393 23,491 (6,098) -26.0%
Charter service 12,621 8,906 3,715 41.7%
Scheduled service 11,679 6,018 5,661 94.1%
Other contract service 3,465 2,825 640 22.7%
Three Months Ended
December 31, Percent
2002 2001(1) Difference Variance
-------- -------- ---------- --------
Atlas Air, Inc.
Block Hours: Total Operated 30,236 30,311 (75) (-0.2%)
ACMI service (2) 16,868 22,562 (5,694) (-25.2%)
Charter service (3) 9,903 4,924 4,979 101.1%
Other contract service 3,465 2,825 640 22.7%
Polar Air Cargo, Inc.
Block Hours: Total Operated 14,922 10,929 3,993 36.5%
ACMI service 525 929 (404) (-43.5%)
Scheduled service (4) 11,679 6,018 5,661 94.1%
Charter service 2,718 3,982 (1,264) (-31.7%)
Polar Air Cargo, Inc.
(Scheduled Service) (4) (5)
Revenue Ton Miles (000's) 419,278 142,411
Available Ton Miles (000's) 665,195 241,874
Load Factor 63.0% 58.9%
Yield per RTM (cents) 33.61 25.97
Revenue per ATM (cents) 21.19 15.29
Aircraft at end of period
Atlas Air, Inc. (6) 40 37
Polar Air Cargo, Inc. (7) 11 15
Total aircraft 51 52
(1) 2002 operating statistics include Polar Air Cargo, Inc. (a wholly
owned subsidiary acquired November 1, 2001) for the entire quarter
whereas 2001 statistics include Polar for November and December
only.
(2) Wet-leases to Polar accounted for 6.0% of Atlas Air, Inc's. total
ACMI services block hours in Q4, 2002 and 0% in Q4, 2001.
(3) Charters to Polar represented 10.5% of Atlas Air, Inc.'s total
charter block hours in Q4, 2002.
(4) Scheduled service statistics are prior to revenue eliminations
resulting from consolidation.
(5) See Polar's pro forma scheduled service revenue table above for
further details
(6) Total Atlas aircraft include eight aircraft that are dry-leased to
other carriers (five of which were dry-leased to Polar) in Q4,
2002 and one dry-leased aircraft and six parked aircraft in Q4,
2001.
(7) Total Polar aircraft include one aircraft that was dry-leased to
another carrier in Q4, 2002 and two parked aircraft and one that
was dry-leased to another carrier in Q4, 2001
*T
--30--CE/cg*
CONTACT: Atlas Air Worldwide Holdings, Inc.
Rachel Berry (Media), 914/701-8400
Jason Grant (Investors), 914/701-8402
KEYWORD: NEW YORK
INDUSTRY KEYWORD: TRANSPORTATION AIRLINES EARNINGS
SOURCE: Atlas Air Worldwide Holdings, Inc.
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
Feb-28-2003 13:17 GMT
Symbols:
US;CGO
Source BW Business Wire
Categories:
MST/R/US/NY MST/I/TRQ MST/I/AIR MST/S/ERN
I'll settle for a ride on one of their planes as payback.
Can we package you as cargo?
I just got back - that is so typical with this one - they either drive it down in last few minutes or what happened to day:
us;CGO Atlas Air Worldwide Holdings Inc *# Common Stock
+ 1.09 Up 0.07 H 1.09 L 1 V 88,700 27-Feb-03
Price Vol Exc Time ActMMID Price Vol Exc Time ActMMID
1.09 4 (M)16.00.03 1.03 12 (T)15.38.54
1.09 4 (N)15.59.54 1.03 50 (M)15.38.48
1.08 1 (N)15.59.18 1.03 28 (T)15.38.18
1.09 2 (N)15.58.51 1.02 1 (N)15.23.18
1.08 5 (N)15.58.09 1.01 41 (T)15.20.27
1.08 1 (N)15.58.06 1.01 1 (T)15.16.21
1.07 5 (N)15.57.42 1.01 1 (T)15.14.57
1.07 2 (N)15.57.24 1.01 3 (N)14.54.12
1.07 2 (N)15.56.06 1.01 1 (N)14.37.06au
1.07 2 (N)15.55.03 1.01 1 (N)14.35.24au
1.05 1 (N)15.49.21 1.02 1 (N)14.22.30
1.05 2 (N)15.48.57 1.02 20 (M)14.15.51
1.05 27 (T)15.48.39 1.02 100 (T)14.11.42
1.05 20 (N)15.48.27 1.02 15 (T)14.11.21
1.05 220 (N)15.48.21 1.02 20 (M)14.11.12
1.04 10 (N)15.48.18 1.03 1 (N)13.12.39
1.04 10 (N)15.44.39au 1.03 4 (N)13.00.36
1.03 10 (N)15.43.18 1.03 1 (T)12.36.42
1.03 10 (T)15.42.39 1.03 1 (N)12.35.18
1.02 3 (N)15.42.00 1.03 20 (M)12.18.12
27-Feb-03 17:14 NYC For help: /TT/? (c)REUTERS
MODG to IMDK to ITEK
13:33 02/26/2003 IMDK** Immediatek Inc ITEK Immediatek Inc New (1-250 R/S)
Woulda, coulda, shoulda! That's what trading is all about, isn't it? LOL
Well we hit three different persons, hopefully one will respond.
Just curious - what email address do you have:
spierce@atlasair.com ?
Go back for another lunch - maybe it will go up more. I told you awhile back that we should have been daytrading this one with the intraday price swings! I emailed the company regarding their lack of pr's - if I hear back from them I will let you know.
Ha - real estate! Don't forget about when that market dived in the late 80's (at least I think it was then - could have been the early 90's - I was sooo young then I can't remember - LOL).
So what are you going to do - pick up a few cheap shares here?
Hopefully you'll hit something real big and you won't have to carry them over too many years - at least that's what I keep telling myself! Too bad we couldn't just write off the full amount each year - at least there would be some kind of consolation to a lose!
Yeah, posted at Yahoo, but this morning I couldn't find it on the news wire for BAB, CGO, or BA. I even checked Reuters web site and couldn't find it. Do you have a link other than what was posted on Yahoo?
I was thinking the same, but maybe we shouldn't! When the heck is this company going to say something?
Hope you don't have to write off as many losses as I did!
Morning ou!
Is there some kind of holiday I don't know about today? Where the heck is everyone?
Well, I'm going to answer my own question regarding CGCP:
Revenues for the 2002 fourth quarter rose 31 percent over the fourth
quarter of the prior year and were up sequentially 14 percent over the third
quarter of 2002.
Revenues in the fourth quarter of 2002 grew to $3.7 million from
$2.8 million in the prior year period, with the Company reporting net income
of $149,000 or $0.00 per fully diluted share for the 2002 fourth quarter.
Revenues for the full 2002 year were $13.0 million, with a net loss of
$530,000, or $0.01 fully diluted loss per share, compared to 2001 revenues of
$14.2 million, with a net loss of $10.2 million, or $0.31 loss per fully
diluted share.
and I second that!