Re: DVD's (was [CANSLIM] WCOM restatement)


From: Gene Ricci <genr@swbell.net>
Subject: Re: DVD's (was [CANSLIM] WCOM restatement)
Date: Wed, 26 Jun 2002 19:33:49 -0500

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They're practically giving away DVD players at COSTCO (sp?)
  ----- Original Message -----=20
  From: Katherine Malm=20
  To: canslim@lists.xmission.com=20
  Sent: Wednesday, June 26, 2002 5:22 PM
  Subject: Re: DVD's (was [CANSLIM] WCOM restatement)

  Kelly,

  One of the problems with DVD related stocks is that, with rare =
exception, the companies are not exclusively serving that particular =
market. That means their sales and earnings will be diluted by other =
more mature product lines. When I view a group of stocks that may move =
based on some broad-based theme, I do so only to build background. =
Ultimately, when the leaders start to move, you will see them =
demonstrate their leadership via fundamental and technical indicators, =
showing that institutions are being drawn to the stocks. Until then, =
however, an exercise such as this is useful for building a mental =
database and a context for potential stock movement, but nothing more. A =
value investor would dig deep and find hidden value, purchase and then =
wait (hopefully) for others to be attracted to the stock. CANSLIMers, =
however, do no such thing. When the stock is ready to move, it will move =
and flash "hey-look at me" signs in bright neon colors.

  Katherine
    ----- Original Message -----=20
    From: Kelly Short=20
    To: canslim@lists.xmission.com=20
    Sent: Wednesday, June 26, 2002 3:30 PM
    Subject: RE: DVD's (was [CANSLIM] WCOM restatement)

    Katherine,

    Well- the answer may be that no one is making money in DVD's (at =
least not yet). I did a cursory run down of DVD distributors, equipment =
manufacturers, piracy solutions makers, etc. with sales growth of 20% or =
more and assets of $50M or more. The list is short and when you look at =
the IBD overall score- well, let's just say that WON isn't a fan. Most =
of the stars (if we can call them that) are traded outside the states. =
Oh well- I still think there's something to be had there (especially =
with Circuit City moving exclusively to DVD offerings over VHS) but I =
can't figure out what. For spreadsheet: =
http://www.kellyrshort.com/canslim/dvd_companies.xls

    Kelly
      -----Original Message-----
      From: Katherine Malm [mailto:kmalm@earthlink.net]
      Sent: Wednesday, June 26, 2002 12:09 PM
      To: canslim@lists.xmission.com
      Subject: Re: DVD's (was [CANSLIM] WCOM restatement)

      Kelly,

      I'm not intimately familiar with all the names under this =
macrotheme, but in general, I'd say that the shift to DVD-based =
entertainment has been substantial and any time there is a secular shift =
in technology, there are real profits to be had. In this case, I think =
the profits are spread around very well between all industry sectors. =
(but as with all technologies, those with the proprietary elements get =
the lion's share of the profits)  DVD prices are still quite high, =
though I noticed at Christmas, for the first time, that the prices of =
DVD players had dropped substantially, indicating that demand is =
reaching critical mass. That means that the lower prices make DVD =
players more affordable (scarcity becomes abundance), people replace =
and/or supplement their VCR's with DVD's, and then demand for DVD media =
becomes larger. That snowballs throughout the supply chain. Still up for =
grabs are implementations of DVD recording standards established =
somewhat recently....that could start a whole new chain of events.

      I'd been disinclined to compare DVD's to PCs....the former early =
in its adoption life cycle, the latter late in its business life cycle =
(maturity phase, though arguably not yet in the decline phase).

      Katherine
        ----- Original Message -----=20
        From: Kelly Short=20
        To: canslim@lists.xmission.com=20
        Sent: Wednesday, June 26, 2002 11:42 AM
        Subject: RE: DVD's (was [CANSLIM] WCOM restatement)

        Katherine-

        A wealth of information as usual- thank you. But WHO makes money =
in this business? Is it Blockbuster? Philips/Sony? Movie Studios? =
Fed-Ex? Or does anyone make money in DVD's (has it gone the way of the =
pc)?

        I appreciate your opinions- Kelly
          -----Original Message-----
          From: Katherine Malm [mailto:kmalm@earthlink.net]
          Sent: Wednesday, June 26, 2002 11:27 AM
          To: canslim@lists.xmission.com
          Subject: Re: DVD's (was [CANSLIM] WCOM restatement)

          For starters:

          -DVD distributors such as DISK, HDL etc
          -Retailers such as AMZN, BBY etc
          -Hardware---runs the gamut from gaming hardware (Nintendo, =
XBox, etc), to video chips to handle the increased graphics =
requirements, to -DVD players (Samsung, Matsushita), to chips (INTC and =
some specialty chip makers), to DVD drive makers, etc.
          -Software, such as NAVR and ROXI etc.
          -Hardware components distributors such as TECD, IM, Games =
Makers who will beef up games offereings given the extra content =
capabilities of DVD based games, etc.
          -etc
          -etc

          Katherine
            ----- Original Message -----=20
            From: Kelly Short=20
            To: canslim@lists.xmission.com=20
            Sent: Wednesday, June 26, 2002 10:50 AM
            Subject: RE: [CANSLIM] WCOM restatement

            Katherine-

            I think you recapped the past three weeks worth of =
conversations- we're all bored! So let me pose this question to the =
group: DVD's. Who makes money off DVD's?=20
              -----Original Message-----
              From: Katherine Malm [mailto:kmalm@earthlink.net]
              Sent: Wednesday, June 26, 2002 10:40 AM
              To: canslim@lists.xmission.com
              Subject: Re: [CANSLIM] WCOM restatement

              Hi Kelly,

              The '87 crash was considerably different....far more an =
event than a process as is the current Bear which is undoing the =
excesses of the late '90's. At that time, cocktail conversations rarely =
included talk of stocks, but on Black Monday...people who didn't even =
know what the stock market was all about were gathered around the TV at =
lunch time. In retrospect, the Fed's quick intervention and the =
adjustments to program trading guidelines made this a blip on the bull =
market screen, so the "throwing in the towel" talk was far more =
short-lived than now. Most folks investing these days know little of =
what creates value and perceived value in the stock market. Even fewer =
are students of market history. But I'd bet the same conversations could =
be heard in the 30's and the 60's. Sometimes the best way to *really* =
learn it is to live it.

              Besides, we're bored to tears..... :)) But I *am* enjoying =
the time off to pursue summer reading...throw away novels of little =
consequence, mindless fluff ....ah, what a pleasure!

              Katherine

              ----- Original Message -----=20
                From: Kelly Short=20
                To: canslim@lists.xmission.com=20
                Sent: Wednesday, June 26, 2002 10:25 AM
                Subject: RE: [CANSLIM] WCOM restatement

                If I were new to this earth and had just learned what =
the US stock market was by reading the comments shared this morning =
post-Worldcom I'd think the stock market was going bye-bye. I'll admit- =
I'm still wet behind the ears when it comes to investing experience but =
I can't for a minute believe that the same types of comments weren't =
passed around (albeit pre-Internet, shiver) regarding the 1987 crash. =
Can anyone remember back that far? I am correct and memory short? Or =
this truly "new"? Sorry folks- I was in the sixth grade in 1987.

                Kelly

                P.S. - thanks for the "Wall Street" quotes- it's the =
most used DVD I own!

                -----Original Message-----
                From: Cefaloni, John L Jr. [AMSTA-AR-WEA]
                [mailto:john.cefaloni@us.army.mil]
                Sent: Wednesday, June 26, 2002 10:18 AM
                To: 'canslim@lists.xmission.com'
                Subject: RE: [CANSLIM] WCOM restatement

                At the risk of being corny, I thought I'd dig up some =
quotes from the movie
                "Wall Street" (because Hollywood tells us everything we =
need to know about
                life ;-)

                "The main thing about money, Bud, is that it makes you =
do things you don't
                want to do."

                "Stop going for the easy buck and start producing =
something with your life.
                Create, instead of living off the buying and selling of =
others."=20

                "Stick to the fundamentals.  That's how IBM and Hilton =
were built."

                "There are no shotcuts.  Quick-buck artists come and go =
with every bull
                market, but the steady players make it through the bear =
markets."

                "You're on a roll, kid.  Enjoy it while it lasts, =
becuase it never does."

                and, of course...

                "Man looks in the abyss, there's nothing staring back at =
him. At that
                moment, man finds his character. And that is what keeps =
him out of the
                abyss."

                Of course, the movie is packed with many more "bullish" =
quotes, but those
                will have to wait for another day.

                -----Original Message-----
                From: Winston Little [mailto:wlittle1@peoplepc.com]
                Sent: Wednesday, June 26, 2002 10:33 AM
                To: canslim@lists.xmission.com
                Subject: Re: [CANSLIM] WCOM restatement

                People in the rust belt are back in style.

                I believe the expression is "The meek shall inherit the =
earth".
                There is merit to the people who work and sweat for a =
living, instead of the
                glorified crooks of the past three years.
                Remember all those clowns forming companies (with NO =
EARNINGS) that had
                market capitalization greater than that of General =
Motors?

                Today:
                Lear LEI is up.They make car seats and interior parts.
                Delphi DPH guided up yesterday. They make electronic =
parts for cars (mostly
                GM).
                Visteon VC guided up this morning.They make car parts =
(mostly for Ford).
                P&G ( as Duke pointed out) is up. Soap, toothpaste and =
paper towels.
                Donnelly DON  (mirrors for cars) is to be bought out by =
Magna (they make car
                parts) at 38% premium.

                ----- Original Message -----
                From: "Duke Miller" <dukemill@tampabay.rr.com>
                To: <canslim@lists.xmission.com>
                Sent: Wednesday, June 26, 2002 10:07 AM
                Subject: RE: [CANSLIM] WCOM restatement

                > Absolutely.
                >
                > P&G is up over $1 at the open this a.m.  Up 16% this =
year.  43% last two
                > years.  Soap, toothpaste, quality people.  All things =
you can count
                > (on).
                >
                > Duke
                >
                > (I do have a position in P&G)
                >
                > -----Original Message-----
                > From: owner-canslim@lists.xmission.com
                > [mailto:owner-canslim@lists.xmission.com] On Behalf Of =
Winston Little
                > Sent: Wednesday, June 26, 2002 9:48 AM
                > To: canslim@lists.xmission.com
                > Subject: Re: [CANSLIM] WCOM restatement
                >
                >
                > There may be some merit to companies that make goods =
that I can see,
                > touch and count such as houses, cars, chemicals.
                >
                > There may also be some merit to companies that pay =
dividends, as the
                > crooks are less likely to borrow or steal funds to pay =
dividends.
                >
                >
                > ----- Original Message -----
                > From: "Dave Cameron" <dfcameron@yahoo.com>
                > To: <canslim@lists.xmission.com>
                > Sent: Wednesday, June 26, 2002 9:33 AM
                > Subject: RE: [CANSLIM] WCOM restatement
                >
                >
                > > Rocky (and all),
                > >
                > > Yeah... this is amazing.   As a professional =
statistician, the recent
                > > events show why I don't use classical statistical =
techniques in
                > > investing.   I sold all my individual holdings in =
November - haven't
                > > bought back in.   Still hold the mutual funds for =
long term, but
                > > continue to watch them dwindle.
                > >
                > > My line to people at work is that I'll be working =
until I'm 80....
                > >
                > > Dave
                > >
                > > --- Rocky Sanghvi <rs@mylodestar.com> wrote:
                > > > I wish I could say that today coming blowoff will =
be the last one.
                > > > There are other skeletons in the closet.  More =
importantly the
                > > > impact of the
                > > > dropping dollar will be enormous in our highly =
leveraged financial
                > > > system.
                > > >
                > > > From ECON 101
                > > > Until now we were managing to balance our foreign =
deficits by inflow
                >
                > > > of cash from other countries into our markets.  =
The falling dollar
                > > > is an indication
                > > > that money is moving OUT of the country.  Watch =
out for the ripple
                > > > effects.
                > > >
                > > > Unless ofcourse we attack Iraq immediately and =
thereby create "a
                > > > demand" for
                > > > the the safety of the American dollar.  ;)   I =
guess I am cynical.
                > > > Today
                > > > the market lost me as an investor for a very long =
time.  I quit.
                > > >
                > > > -----Original Message-----
                > > > From: owner-canslim@lists.xmission.com
                > > > [mailto:owner-canslim@lists.xmission.com]On Behalf =
Of Winston Little
                > > > Sent: Wednesday, June 26, 2002 8:34 AM
                > > > To: canslim@lists.xmission.com
                > > > Subject: Re: [CANSLIM] WCOM restatement
                > > >
                > > >
                > > >
                > > > The mantra of the clowns:
                > > > "I want it ALL"
                > > > "Give it to me NOW"
                > > > "It is MINE, I deserve it"
                > > >
                > > > ----- Original Message -----
                > > > From: "Kent Norman" <kent_norman@yahoo.com>
                > > > To: <canslim@lists.xmission.com>
                > > > Sent: Wednesday, June 26, 2002 8:12 AM
                > > > Subject: RE: [CANSLIM] WCOM restatement
                > > >
                > > >
                > > > > The answer is:
                > > > >
                > > > > The same childish, short-sighted, immediate =
satisfaction that
                > > > blinds
                > > > > them to the possibility that there is a =
tomorrow... They run the
                > > > > business like they live their life. All today =
and no tomorrow.
                > > > >
                > > > > Kent Norman
                > > > >
                > > > > --- "Cefaloni, John L Jr. [AMSTA-AR-WEA]"
                > > > <john.cefaloni@us.army.mil>
                > > > > wrote:
                > > > > > Well said, Tom.  What is it that makes people =
do things for
                > > > temporary
                > > > > > gain
                > > > > > when they know they'll probably get slammed =
for it in the
                > > > future?
                > > > > >
                > > > > > I guess it's just greed, stupidity and =
arrogance.
                > > > > >
                > > > > > -----Original Message-----
                > > > > > From: Tom Worley =
[mailto:stkguru@bellsouth.net]
                > > > > > Sent: Wednesday, June 26, 2002 12:53 AM
                > > > > > To: CANSLIM
                > > > > > Subject: [CANSLIM] WCOM restatement
                > > > > >
                > > > > >
                > > > > > once again, Andersen strikes again, this time =
by signing off on
                > > > > > Worldcom hiding over $3 billion in expenses as =
capital
                > > > > > expenditures, and
                > > > thus
                > > > > > inflating cash flow. Restatement expected to =
take away last
                > > > five
                > > > > > quarters of
                > > > > > profits and turn them into losses.
                > > > > >
                > > > > > Who gave this sanction to a deviation from =
GAAP (Generally
                > > > Accepted
                > > > > > Accounting Principles)?? Andersen, of course. =
It's clear that
                > > > Enron
                > > > > > was only
                > > > > > the tip of the iceberg, as if Waste =
Management, Sunbeam, and a
                > > > host
                > > > > > of other
                > > > > > companies were not sufficient warning of major =
problems in
                > > > corporate
                > > > > > policy
                > > > > > and infrastructure. Sad to see a great name =
like Andersen
                > > > prostituted
                > > > > > to
                > > > > > selling its certification services for any =
price, but also
                > > > clear that
                > > > > > it
                > > > > > must disappear from corporate America. And =
until every major
                > > > company
                > > > > > audited
                > > > > > by Andersen undergoes a special review by the =
SEC on accounting
                > > > > > practices, I doubt anyone will believe that we =
have finally seen
                >
                > > > > > it all.
                > > > > >
                > > > > > Tom Worley
                > > > > > stkguru@bellsouth.net
                > > > > > AIM: TexWorley
                > > > > >
                > > > > >
                > > > > >
                > > > > > -
                > > > > > -To subscribe/unsubscribe, email =
"majordomo@xmission.com" -In
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                > > > >
                > > > >
                > > > > =3D=3D=3D=3D=3D
                > > > > Opportunities always look bigger going than =
coming.
                > > > >
                > > > > =
__________________________________________________
                > > > > Do You Yahoo!?
                > > > > Yahoo! - Official partner of 2002 FIFA World Cup
                > > > > http://fifaworldcup.yahoo.com
                > > > >
                > > > > -
                > > > > -To subscribe/unsubscribe, email =
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                > > >
                > > >
                > > > -
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                > > > not use quotes in your email.
                > > >
                > > >
                > > >
                > > > -
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                > > > email body, write "subscribe canslim" or =
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                > > > not use quotes in your email.
                > >
                > >
                > > =3D=3D=3D=3D=3D
                > > Dave Cameron
                > > dfcameron@yahoo.com
                > >
                > > __________________________________________________
                > > Do You Yahoo!?
                > > Yahoo! - Official partner of 2002 FIFA World Cup
                > > http://fifaworldcup.yahoo.com
                > >
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<BODY bgColor=3D#ffffff>
<DIV><FONT face=3D"Comic Sans MS">They're practically giving away DVD =
players at=20
COSTCO (sp?)</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
  Malm</A> </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, June 26, 2002 =
5:22=20
  PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: DVD's (was =
[CANSLIM] WCOM=20
  restatement)</DIV>
  <DIV><BR></DIV>
  <DIV>Kelly,</DIV>
  <DIV>&nbsp;</DIV>
  <DIV>One of the problems with DVD related stocks is that, with rare=20
  exception,&nbsp;the companies are not exclusively serving that =
particular=20
  market. That means their sales and earnings will be diluted by other =
more=20
  mature product lines. When I view a group of stocks that may move =
based on=20
  some broad-based theme, I do so only to build background. Ultimately, =
when the=20
  leaders start to move, you will see them demonstrate their leadership =
via=20
  fundamental and technical indicators, showing that institutions are =
being=20
  drawn to the stocks. Until then, however, an exercise such as this is =
useful=20
  for building a mental database and a context for potential stock =
movement, but=20
  nothing more. A value investor would dig deep and find hidden value, =
purchase=20
  and then wait (hopefully) for others to be attracted to the stock. =
CANSLIMers,=20
  however, do no such thing. When the stock is ready to move, it will =
move and=20
  flash "hey-look at me" signs in bright neon colors.</DIV>
  <DIV>&nbsp;</DIV>
  <DIV>Katherine</DIV>
  <BLOCKQUOTE dir=3Dltr=20
  style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
    <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
    <DIV=20
    style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
    <A title=3Dkelly.short@neoris.com =
href=3D"mailto:kelly.short@neoris.com">Kelly=20
    Short</A> </DIV>
    <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
    =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
    </DIV>
    <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, June 26, =
2002 3:30=20
    PM</DIV>
    <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: DVD's (was =
[CANSLIM] WCOM=20
    restatement)</DIV>
    <DIV><BR></DIV>
    <DIV><SPAN class=3D068082120-26062002><FONT face=3DArial =
color=3D#0000ff=20
    size=3D2>Katherine,</FONT></SPAN></DIV>
    <DIV><SPAN class=3D068082120-26062002><FONT face=3DArial =
color=3D#0000ff=20
    size=3D2></FONT></SPAN>&nbsp;</DIV>
    <DIV><SPAN class=3D068082120-26062002><FONT face=3DArial =
color=3D#0000ff=20
    size=3D2>Well- the answer may be that no one is making money in =
DVD's (at=20
    least not yet). I did a cursory run down of DVD distributors, =
equipment=20
    manufacturers, piracy solutions makers, etc. with sales growth of =
20% or=20
    more and assets of $50M or more. The list is short and when you look =
at the=20
    IBD overall score- well, let's just say that WON isn't a fan. Most =
of the=20
    stars (if we can call them that) are traded outside the states. Oh =
well- I=20
    still think there's something to be had there (especially with =
Circuit City=20
    moving exclusively to DVD offerings over VHS) but I can't figure out =
what.=20
    For spreadsheet: <A=20
    =
href=3D"http://www.kellyrshort.com/canslim/dvd_companies.xls">http://www.=
kellyrshort.com/canslim/dvd_companies.xls</A></FONT></SPAN></DIV>
    <DIV><SPAN class=3D068082120-26062002><FONT face=3DArial =
color=3D#0000ff=20
    size=3D2></FONT></SPAN>&nbsp;</DIV>
    <DIV><SPAN class=3D068082120-26062002><FONT face=3DArial =
color=3D#0000ff=20
    size=3D2>Kelly</FONT></SPAN></DIV>
    <BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
      <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
      size=3D2>-----Original Message-----<BR><B>From:</B> Katherine Malm =

      [mailto:kmalm@earthlink.net]<BR><B>Sent:</B> Wednesday, June 26, =
2002=20
      12:09 PM<BR><B>To:</B> =
canslim@lists.xmission.com<BR><B>Subject:</B> Re:=20
      DVD's (was [CANSLIM] WCOM restatement)<BR><BR></FONT></DIV>
      <DIV>Kelly,</DIV>
      <DIV>&nbsp;</DIV>
      <DIV>I'm not intimately familiar with all the names under this =
macrotheme,=20
      but in general, I'd say that the shift to DVD-based entertainment =
has been=20
      substantial and any time there is a secular shift in technology, =
there are=20
      real profits to be had. In this case, I think the profits are =
spread=20
      around very well between all industry sectors. (but as with all=20
      technologies, those with the proprietary elements get the lion's =
share of=20
      the profits) &nbsp;DVD prices are still quite high, though I =
noticed at=20
      Christmas, for the first time, that the prices of DVD players had =
dropped=20
      substantially, indicating that demand is reaching critical mass. =
That=20
      means that the lower prices make DVD players more affordable =
(scarcity=20
      becomes abundance), people replace and/or supplement their VCR's =
with=20
      DVD's, and then demand for DVD media becomes larger. That =
snowballs=20
      throughout the supply chain. Still up for grabs are =
implementations of DVD=20
      recording standards established somewhat recently....that could =
start a=20
      whole new chain of events.</DIV>
      <DIV>&nbsp;</DIV>
      <DIV>I'd been disinclined to compare DVD's to PCs....the former =
early in=20
      its adoption life cycle, the latter late in its business life =
cycle=20
      (maturity phase, though arguably not yet in the decline =
phase).</DIV>
      <DIV>&nbsp;</DIV>
      <DIV>Katherine</DIV>
      <BLOCKQUOTE dir=3Dltr=20
      style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
        <DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
        <DIV=20
        style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
        <A title=3Dkelly.short@neoris.com=20
        href=3D"mailto:kelly.short@neoris.com">Kelly Short</A> </DIV>
        <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
        title=3Dcanslim@lists.xmission.com=20
        =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
        </DIV>
        <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, June 26, =
2002=20
        11:42 AM</DIV>
        <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: DVD's (was =
[CANSLIM]=20
        WCOM restatement)</DIV>
        <DIV><BR></DIV>
        <DIV><SPAN class=3D957284016-26062002><FONT face=3DArial =
color=3D#0000ff=20
        size=3D2>Katherine-</FONT></SPAN></DIV>
        <DIV><SPAN class=3D957284016-26062002><FONT face=3DArial =
color=3D#0000ff=20
        size=3D2></FONT></SPAN>&nbsp;</DIV>
        <DIV><SPAN class=3D957284016-26062002><FONT face=3DArial =
color=3D#0000ff=20
        size=3D2>A wealth of information as usual- thank you. But WHO =
makes money=20
        in this business? Is it Blockbuster? Philips/Sony? Movie =
Studios?=20
        Fed-Ex? Or does anyone make money in DVD's (has it gone the way =
of the=20
        pc)?</FONT></SPAN></DIV>
        <DIV><SPAN class=3D957284016-26062002><FONT face=3DArial =
color=3D#0000ff=20
        size=3D2></FONT></SPAN>&nbsp;</DIV>
        <DIV><SPAN class=3D957284016-26062002><FONT face=3DArial =
color=3D#0000ff=20
        size=3D2>I appreciate your opinions- Kelly</FONT></SPAN></DIV>
        <BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
          <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
          size=3D2>-----Original Message-----<BR><B>From:</B> Katherine =
Malm=20
          [mailto:kmalm@earthlink.net]<BR><B>Sent:</B> Wednesday, June =
26, 2002=20
          11:27 AM<BR><B>To:</B> =
canslim@lists.xmission.com<BR><B>Subject:</B>=20
          Re: DVD's (was [CANSLIM] WCOM =
restatement)<BR><BR></FONT></DIV>
          <DIV>For starters:</DIV>
          <DIV>&nbsp;</DIV>
          <DIV>-DVD distributors such as DISK, HDL etc</DIV>
          <DIV>-Retailers such as AMZN, BBY etc</DIV>
          <DIV>-Hardware---runs the gamut from gaming hardware =
(Nintendo, XBox,=20
          etc), to video chips to handle the increased graphics =
requirements, to=20
          -DVD players (Samsung, Matsushita), to chips (INTC and some =
specialty=20
          chip makers), to DVD drive makers, etc.</DIV>
          <DIV>-Software, such as NAVR and ROXI etc.</DIV>
          <DIV>-Hardware components distributors such as TECD, IM, Games =
Makers=20
          who will beef up games offereings given the extra content =
capabilities=20
          of DVD based games, etc.</DIV>
          <DIV>-etc</DIV>
          <DIV>-etc</DIV>
          <DIV>&nbsp;</DIV>
          <DIV>Katherine</DIV>
          <BLOCKQUOTE dir=3Dltr=20
          style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: =
5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
            <DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
            <DIV=20
            style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
            <A title=3Dkelly.short@neoris.com=20
            href=3D"mailto:kelly.short@neoris.com">Kelly Short</A> =
</DIV>
            <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
            title=3Dcanslim@lists.xmission.com=20
            =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
            </DIV>
            <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, June =
26, 2002=20
            10:50 AM</DIV>
            <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: =
[CANSLIM] WCOM=20
            restatement</DIV>
            <DIV><BR></DIV>
            <DIV><SPAN class=3D802075015-26062002><FONT face=3DArial =
color=3D#0000ff=20
            size=3D2>Katherine-</FONT></SPAN></DIV>
            <DIV><SPAN class=3D802075015-26062002><FONT face=3DArial =
color=3D#0000ff=20
            size=3D2></FONT></SPAN>&nbsp;</DIV>
            <DIV><SPAN class=3D802075015-26062002><FONT face=3DArial =
color=3D#0000ff=20
            size=3D2>I think you recapped the past three weeks worth of=20
            conversations- we're all bored! So let me pose this question =
to the=20
            group: DVD's. Who makes money off DVD's? =
</FONT></SPAN></DIV>
            <BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
              <DIV class=3DOutlookMessageHeader dir=3Dltr =
align=3Dleft><FONT=20
              face=3DTahoma size=3D2>-----Original =
Message-----<BR><B>From:</B>=20
              Katherine Malm =
[mailto:kmalm@earthlink.net]<BR><B>Sent:</B>=20
              Wednesday, June 26, 2002 10:40 AM<BR><B>To:</B> <A=20
              =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR><B>Subject:</B>=20
              Re: [CANSLIM] WCOM restatement<BR><BR></FONT></DIV>
              <DIV>Hi Kelly,</DIV>
              <DIV>&nbsp;</DIV>
              <DIV>The '87 crash was considerably different....far more =
an event=20
              than a process as is the current Bear which is undoing the =

              excesses of the late '90's. At that time, cocktail =
conversations=20
              rarely included talk of stocks, but on Black =
Monday...people who=20
              didn't even know what the stock market was all about were =
gathered=20
              around the TV at lunch time. In retrospect, the Fed's =
quick=20
              intervention and the adjustments to program trading =
guidelines=20
              made this a blip on the bull market screen, so the =
"throwing in=20
              the towel" talk was far more short-lived than now. Most =
folks=20
              investing these days know little of what creates value and =

              perceived value in the stock market. Even fewer are =
students of=20
              market history. But I'd bet the same conversations could =
be heard=20
              in the 30's and the 60's. Sometimes the best way to =
*really* learn=20
              it is to live it.</DIV>
              <DIV>&nbsp;</DIV>
              <DIV>Besides, we're bored to tears..... :)) But I *am* =
enjoying=20
              the time off to pursue&nbsp;summer reading...throw away =
novels of=20
              little consequence, mindless fluff ....ah, what a =
pleasure!</DIV>
              <DIV>&nbsp;</DIV>
              <DIV>Katherine</DIV>
              <DIV>&nbsp;</DIV>
              <DIV>&nbsp;</DIV>
              <DIV>----- Original Message ----- </DIV>
              <BLOCKQUOTE=20
              style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; =
MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
                <DIV=20
                style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; =
font-color: black"><B>From:</B>=20
                <A title=3Dkelly.short@neoris.com=20
                href=3D"mailto:kelly.short@neoris.com">Kelly Short</A> =
</DIV>
                <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
                title=3Dcanslim@lists.xmission.com=20
                =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
                </DIV>
                <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, =
June 26,=20
                2002 10:25 AM</DIV>
                <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: =
[CANSLIM] WCOM=20
                restatement</DIV>
                <DIV><BR></DIV>If I were new to this earth and had just =
learned=20
                what the US stock market was by reading the comments =
shared this=20
                morning post-Worldcom I'd think the stock market was =
going=20
                bye-bye. I'll admit- I'm still wet behind the ears when =
it comes=20
                to investing experience but I can't for a minute believe =
that=20
                the same types of comments weren't passed around (albeit =

                pre-Internet, shiver) regarding the 1987 crash. Can =
anyone=20
                remember back that far? I am correct and memory short? =
Or this=20
                truly "new"? Sorry folks- I was in the sixth grade in=20
                1987.<BR><BR>Kelly<BR><BR>P.S. - thanks for the "Wall =
Street"=20
                quotes- it's the most used DVD I =
own!<BR><BR>-----Original=20
                Message-----<BR>From: Cefaloni, John L Jr.=20
                =
[AMSTA-AR-WEA]<BR>[mailto:john.cefaloni@us.army.mil]<BR>Sent:=20
                Wednesday, June 26, 2002 10:18 AM<BR>To: <A=20
                =
href=3D"mailto:'canslim@lists.xmission.com'">'canslim@lists.xmission.com'=
</A><BR>Subject:=20
                RE: [CANSLIM] WCOM restatement<BR><BR><BR>At the risk of =
being=20
                corny, I thought I'd dig up some quotes from the =
movie<BR>"Wall=20
                Street" (because Hollywood tells us everything we need =
to know=20
                about<BR>life ;-)<BR><BR>"The main thing about money, =
Bud, is=20
                that it makes you do things you don't<BR>want to=20
                do."<BR><BR>"Stop going for the easy buck and start =
producing=20
                something with your life.<BR>Create, instead of living =
off the=20
                buying and selling of others." <BR><BR>"Stick to the=20
                fundamentals.&nbsp; That's how IBM and Hilton were=20
                built."<BR><BR>"There are no shotcuts.&nbsp; Quick-buck =
artists=20
                come and go with every bull<BR>market, but the steady =
players=20
                make it through the bear markets."<BR><BR>"You're on a =
roll,=20
                kid.&nbsp; Enjoy it while it lasts, becuase it never=20
                does."<BR><BR>and, of course...<BR><BR>"Man looks in the =
abyss,=20
                there's nothing staring back at him. At that<BR>moment, =
man=20
                finds his character. And that is what keeps him out of=20
                the<BR>abyss."<BR><BR>Of course, the movie is packed =
with many=20
                more "bullish" quotes, but those<BR>will have to wait =
for=20
                another day.<BR><BR>-----Original Message-----<BR>From: =
Winston=20
                Little [mailto:wlittle1@peoplepc.com]<BR>Sent: =
Wednesday, June=20
                26, 2002 10:33 AM<BR>To: <A=20
                =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>Subject:=20
                Re: [CANSLIM] WCOM restatement<BR><BR><BR>People in the =
rust=20
                belt are back in style.<BR><BR>I believe the expression =
is "The=20
                meek shall inherit the earth".<BR>There is merit to the =
people=20
                who work and sweat for a living, instead of =
the<BR>glorified=20
                crooks of the past three years.<BR>Remember all those =
clowns=20
                forming companies (with NO EARNINGS) that had<BR>market=20
                capitalization greater than that of General=20
                Motors?<BR><BR>Today:<BR>Lear LEI is up.They make car =
seats and=20
                interior parts.<BR>Delphi DPH guided up yesterday. They =
make=20
                electronic parts for cars (mostly<BR>GM).<BR>Visteon VC =
guided=20
                up this morning.They make car parts (mostly for=20
                Ford).<BR>P&amp;G ( as Duke pointed out) is up. Soap, =
toothpaste=20
                and paper towels.<BR>Donnelly DON&nbsp; (mirrors for =
cars) is to=20
                be bought out by Magna (they make car<BR>parts) at 38%=20
                premium.<BR><BR><BR><BR><BR>----- Original Message=20
                -----<BR>From: "Duke Miller" &lt;<A=20
                =
href=3D"mailto:dukemill@tampabay.rr.com">dukemill@tampabay.rr.com</A>&gt;=
<BR>To:=20
                &lt;<A=20
                =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;<BR>Sent:=20
                Wednesday, June 26, 2002 10:07 AM<BR>Subject: RE: =
[CANSLIM] WCOM=20
                restatement<BR><BR><BR>&gt; Absolutely.<BR>&gt;<BR>&gt; =
P&amp;G=20
                is up over $1 at the open this a.m.&nbsp; Up 16% this=20
                year.&nbsp; 43% last two<BR>&gt; years.&nbsp; Soap, =
toothpaste,=20
                quality people.&nbsp; All things you can count<BR>&gt;=20
                (on).<BR>&gt;<BR>&gt; Duke<BR>&gt;<BR>&gt; (I do have a =
position=20
                in P&amp;G)<BR>&gt;<BR>&gt; -----Original =
Message-----<BR>&gt;=20
                From: <A=20
                =
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A><BR>&gt;=20
                [mailto:owner-canslim@lists.xmission.com] On Behalf Of =
Winston=20
                Little<BR>&gt; Sent: Wednesday, June 26, 2002 9:48 =
AM<BR>&gt;=20
                To: <A=20
                =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>&gt;=20
                Subject: Re: [CANSLIM] WCOM =
restatement<BR>&gt;<BR>&gt;<BR>&gt;=20
                There may be some merit to companies that make goods =
that I can=20
                see,<BR>&gt; touch and count such as houses, cars,=20
                chemicals.<BR>&gt;<BR>&gt; There may also be some merit =
to=20
                companies that pay dividends, as the<BR>&gt; crooks are =
less=20
                likely to borrow or steal funds to pay=20
                dividends.<BR>&gt;<BR>&gt;<BR>&gt; ----- Original =
Message=20
                -----<BR>&gt; From: "Dave Cameron" &lt;<A=20
                =
href=3D"mailto:dfcameron@yahoo.com">dfcameron@yahoo.com</A>&gt;<BR>&gt;=20
                To: &lt;<A=20
                =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;<BR>&gt;=20
                Sent: Wednesday, June 26, 2002 9:33 AM<BR>&gt; Subject: =
RE:=20
                [CANSLIM] WCOM restatement<BR>&gt;<BR>&gt;<BR>&gt; &gt; =
Rocky=20
                (and all),<BR>&gt; &gt;<BR>&gt; &gt; Yeah... this is=20
                amazing.&nbsp;&nbsp; As a professional statistician, the =

                recent<BR>&gt; &gt; events show why I don't use =
classical=20
                statistical techniques in<BR>&gt; &gt; =
investing.&nbsp;&nbsp; I=20
                sold all my individual holdings in November - =
haven't<BR>&gt;=20
                &gt; bought back in.&nbsp;&nbsp; Still hold the mutual =
funds for=20
                long term, but<BR>&gt; &gt; continue to watch them=20
                dwindle.<BR>&gt; &gt;<BR>&gt; &gt; My line to people at =
work is=20
                that I'll be working until I'm 80....<BR>&gt; =
&gt;<BR>&gt; &gt;=20
                Dave<BR>&gt; &gt;<BR>&gt; &gt; --- Rocky Sanghvi &lt;<A=20
                =
href=3D"mailto:rs@mylodestar.com">rs@mylodestar.com</A>&gt;=20
                wrote:<BR>&gt; &gt; &gt; I wish I could say that today =
coming=20
                blowoff will be the last one.<BR>&gt; &gt; &gt; There =
are other=20
                skeletons in the closet.&nbsp; More importantly =
the<BR>&gt; &gt;=20
                &gt; impact of the<BR>&gt; &gt; &gt; dropping dollar =
will be=20
                enormous in our highly leveraged financial<BR>&gt; &gt; =
&gt;=20
                system.<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt; From ECON=20
                101<BR>&gt; &gt; &gt; Until now we were managing to =
balance our=20
                foreign deficits by inflow<BR>&gt;<BR>&gt; &gt; &gt; of =
cash=20
                from other countries into our markets.&nbsp; The falling =

                dollar<BR>&gt; &gt; &gt; is an indication<BR>&gt; &gt; =
&gt; that=20
                money is moving OUT of the country.&nbsp; Watch out for =
the=20
                ripple<BR>&gt; &gt; &gt; effects.<BR>&gt; &gt; =
&gt;<BR>&gt; &gt;=20
                &gt; Unless ofcourse we attack Iraq immediately and =
thereby=20
                create "a<BR>&gt; &gt; &gt; demand" for<BR>&gt; &gt; =
&gt; the=20
                the safety of the American dollar.&nbsp; ;)&nbsp;&nbsp; =
I guess=20
                I am cynical.<BR>&gt; &gt; &gt; Today<BR>&gt; &gt; &gt; =
the=20
                market lost me as an investor for a very long =
time.&nbsp; I=20
                quit.<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt; -----Original=20
                Message-----<BR>&gt; &gt; &gt; From: <A=20
                =
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A><BR>&gt;=20
                &gt; &gt; [mailto:owner-canslim@lists.xmission.com]On =
Behalf Of=20
                Winston Little<BR>&gt; &gt; &gt; Sent: Wednesday, June =
26, 2002=20
                8:34 AM<BR>&gt; &gt; &gt; To: <A=20
                =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>&gt;=20
                &gt; &gt; Subject: Re: [CANSLIM] WCOM =
restatement<BR>&gt; &gt;=20
                &gt;<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt;<BR>&gt; &gt; =
&gt; The=20
                mantra of the clowns:<BR>&gt; &gt; &gt; "I want it =
ALL"<BR>&gt;=20
                &gt; &gt; "Give it to me NOW"<BR>&gt; &gt; &gt; "It is =
MINE, I=20
                deserve it"<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt; ----- =
Original=20
                Message -----<BR>&gt; &gt; &gt; From: "Kent Norman" =
&lt;<A=20
                =
href=3D"mailto:kent_norman@yahoo.com">kent_norman@yahoo.com</A>&gt;<BR>&g=
t;=20
                &gt; &gt; To: &lt;<A=20
                =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;<BR>&gt;=20
                &gt; &gt; Sent: Wednesday, June 26, 2002 8:12 AM<BR>&gt; =
&gt;=20
                &gt; Subject: RE: [CANSLIM] WCOM restatement<BR>&gt; =
&gt;=20
                &gt;<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt; The answer =

                is:<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt; The =
same=20
                childish, short-sighted, immediate satisfaction =
that<BR>&gt;=20
                &gt; &gt; blinds<BR>&gt; &gt; &gt; &gt; them to the =
possibility=20
                that there is a tomorrow... They run the<BR>&gt; &gt; =
&gt; &gt;=20
                business like they live their life. All today and no=20
                tomorrow.<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt; =
Kent=20
                Norman<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt; --- =

                "Cefaloni, John L Jr. [AMSTA-AR-WEA]"<BR>&gt; &gt; &gt; =
&lt;<A=20
                =
href=3D"mailto:john.cefaloni@us.army.mil">john.cefaloni@us.army.mil</A>&g=
t;<BR>&gt;=20
                &gt; &gt; &gt; wrote:<BR>&gt; &gt; &gt; &gt; &gt; Well =
said,=20
                Tom.&nbsp; What is it that makes people do things =
for<BR>&gt;=20
                &gt; &gt; temporary<BR>&gt; &gt; &gt; &gt; &gt; =
gain<BR>&gt;=20
                &gt; &gt; &gt; &gt; when they know they'll probably get =
slammed=20
                for it in the<BR>&gt; &gt; &gt; future?<BR>&gt; &gt; =
&gt; &gt;=20
                &gt;<BR>&gt; &gt; &gt; &gt; &gt; I guess it's just =
greed,=20
                stupidity and arrogance.<BR>&gt; &gt; &gt; &gt; =
&gt;<BR>&gt;=20
                &gt; &gt; &gt; &gt; -----Original Message-----<BR>&gt; =
&gt; &gt;=20
                &gt; &gt; From: Tom Worley=20
                [mailto:stkguru@bellsouth.net]<BR>&gt; &gt; &gt; &gt; =
&gt; Sent:=20
                Wednesday, June 26, 2002 12:53 AM<BR>&gt; &gt; &gt; &gt; =
&gt;=20
                To: CANSLIM<BR>&gt; &gt; &gt; &gt; &gt; Subject: =
[CANSLIM] WCOM=20
                restatement<BR>&gt; &gt; &gt; &gt; &gt;<BR>&gt; &gt; =
&gt; &gt;=20
                &gt;<BR>&gt; &gt; &gt; &gt; &gt; once again, Andersen =
strikes=20
                again, this time by signing off on<BR>&gt; &gt; &gt; =
&gt; &gt;=20
                Worldcom hiding over $3 billion in expenses as =
capital<BR>&gt;=20
                &gt; &gt; &gt; &gt; expenditures, and<BR>&gt; &gt; &gt;=20
                thus<BR>&gt; &gt; &gt; &gt; &gt; inflating cash flow.=20
                Restatement expected to take away last<BR>&gt; &gt; &gt; =

                five<BR>&gt; &gt; &gt; &gt; &gt; quarters of<BR>&gt; =
&gt; &gt;=20
                &gt; &gt; profits and turn them into losses.<BR>&gt; =
&gt; &gt;=20
                &gt; &gt;<BR>&gt; &gt; &gt; &gt; &gt; Who gave this =
sanction to=20
                a deviation from GAAP (Generally<BR>&gt; &gt; &gt;=20
                Accepted<BR>&gt; &gt; &gt; &gt; &gt; Accounting =
Principles)??=20
                Andersen, of course. It's clear that<BR>&gt; &gt; &gt;=20
                Enron<BR>&gt; &gt; &gt; &gt; &gt; was only<BR>&gt; &gt; =
&gt;=20
                &gt; &gt; the tip of the iceberg, as if Waste =
Management,=20
                Sunbeam, and a<BR>&gt; &gt; &gt; host<BR>&gt; &gt; &gt; =
&gt;=20
                &gt; of other<BR>&gt; &gt; &gt; &gt; &gt; companies were =
not=20
                sufficient warning of major problems in<BR>&gt; &gt; =
&gt;=20
                corporate<BR>&gt; &gt; &gt; &gt; &gt; policy<BR>&gt; =
&gt; &gt;=20
                &gt; &gt; and infrastructure. Sad to see a great name =
like=20
                Andersen<BR>&gt; &gt; &gt; prostituted<BR>&gt; &gt; &gt; =
&gt;=20
                &gt; to<BR>&gt; &gt; &gt; &gt; &gt; selling its =
certification=20
                services for any price, but also<BR>&gt; &gt; &gt; clear =

                that<BR>&gt; &gt; &gt; &gt; &gt; it<BR>&gt; &gt; &gt; =
&gt; &gt;=20
                must disappear from corporate America. And until every=20
                major<BR>&gt; &gt; &gt; company<BR>&gt; &gt; &gt; &gt; =
&gt;=20
                audited<BR>&gt; &gt; &gt; &gt; &gt; by Andersen =
undergoes a=20
                special review by the SEC on accounting<BR>&gt; &gt; =
&gt; &gt;=20
                &gt; practices, I doubt anyone will believe that we have =
finally=20
                seen<BR>&gt;<BR>&gt; &gt; &gt; &gt; &gt; it all.<BR>&gt; =
&gt;=20
                &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt; &gt; Tom =
Worley<BR>&gt;=20
                &gt; &gt; &gt; &gt; <A=20
                =
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A><BR>&gt;=20
                &gt; &gt; &gt; &gt; AIM: TexWorley<BR>&gt; &gt; &gt; =
&gt;=20
                &gt;<BR>&gt; &gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt;=20
                &gt;<BR>&gt; &gt; &gt; &gt; &gt; -<BR>&gt; &gt; &gt; =
&gt; &gt;=20
                -To subscribe/unsubscribe, email "<A=20
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                canslim" or -"unsubscribe<BR>&gt; &gt; &gt; &gt; &gt;=20
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                canslim" or -"unsubscribe<BR>&gt; &gt; &gt; &gt; &gt;=20
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always look bigger=20
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&gt; &gt;=20
                <A=20
                =
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                &gt; =3D=3D=3D=3D=3D<BR>&gt; &gt; Dave Cameron<BR>&gt; =
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                Do You Yahoo!?<BR>&gt; &gt; Yahoo! - Official partner of =
2002=20
                FIFA World Cup<BR>&gt; &gt; <A=20
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