Go to Jeff Salisbury LWGate Home Page.From: "Rocky Sanghvi" <rs@mylodestar.com>
Subject: RE: [CANSLIM] Worley's Weekend Weeview
Date: Fri, 11 Oct 2002 15:13:24 -0400
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Scott,
Thanks for the cutup. Unfortunately it seems like no-one seems to care.
Not only is manufacturing going offshore it seems like companies who
operate in the US don't want to pay their fair share of taxes.
Accenture (formerly Andersen Consulting) the biggest IT consulting
company (services) is based in Bermuda. So's Tyco.
Ed Gjertsen advised the other day - have a latte and don't complain.
Rocky
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Logan, Scott L.
Sent: Friday, October 11, 2002 11:17 AM
To: 'canslim@lists.xmission.com'
Subject: RE: [CANSLIM] Worley's Weekend Weeview
Rocky,
Here is a prime example of our discussion. 1600 more people which will
probably try and obtain service sector jobs...
________________________________________________________________________
_________________________
Maytag to Close Plant, Cut 1600 Jobs
Friday October 11, 10:23 am ET
NEWTON, Iowa (Reuters) - No. 3 U.S. home appliance maker Maytag Corp.
(NYSE:MYG - News) said on Friday it plans to close a refrigeration plant
in Illinois and cut nearly 8 percent of its work force in an effort to
cut costs.
ADVERTISEMENT
Maytag said its refrigeration plan calls for the construction of a new
refrigeration production facility in Reynosa, Mexico. The new plant,
expected to open in late 2003, will be located on the site of an
existing Maytag subassembly operation and will make side-by-side
refrigerators.
The company said 1,600 employees work at the Galesburg, Illinois,
refrigeration products facility, which it expects to close by late 2004.
Maytag employs more than 21,000 people around the world.
- -----Original Message-----
From: Rocky Sanghvi [mailto:rs@mylodestar.com]
Sent: Wednesday, October 09, 2002 12:32 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] Worley's Weekend Weeview
Appreciate everyone's comments on this extremely important issue. Its
actually not just the unions - the implications are bigger. Each and
every industry in this country eventually is supported in some way by
Manufacturing. Think about it!!!
Look at any service industry - say Banking or Information Technology
consulting, Insurance or whatever:
They provide services either to Manufacturing & related companies
(Suppliers, Distributors) or to people who work in Manufacturing &
related companies.
Someone mentioned that we are a Service economy. This in itself is not
possible. Lets try to imagine a country in which the only jobs are
service related. Meaning a Insurance company insuring a Bank. Ok and
how does the bank make money - ok I guess from the IT consulting
company. Explore this tree long enough and you realize that at the
bottom of it are the companies that make real, tangible goods. Is
Microsoft a manufacturer? YES absolutely.
Can Services be a self funding industry without there being actual
production of any goods? No way. So when I look at the long term
decline in Mfg in this country - its really scary stuff. Yeah sure GE
makes a lot of money by outsourcing to China and Mexico and Eastern
europe and therefore makes American stock holders money - but the
question is - what does outsourcing mfg offshore do to our economy? In
effect we are distributing our wealth to nations like China and mexico.
Make no mistake about it - manufacturing is a country's wealth. Whether
its manufacturing software or making widgets manufacturing a tangible
item is what our economy is based on.
I cant imagine free trade continuing to work in its present day form.
We will be forced to make some tough decisions -
* Make offshore manufacturer's buy our products of our service
industry.
* Levy quotas on goods imported for distressed industries
* Levy quotas on making offshore manufacturers to make a certain
quota of goods in the USA.
Does this sound xenophobic or gargantuan? Maybe - but I don't see a way
around it.
Rocky
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Logan, Scott L.
Sent: Tuesday, October 08, 2002 4:56 PM
To: 'canslim@lists.xmission.com'
Subject: RE: [CANSLIM] Worley's Weekend Weeview
Rocky,
Thank you for your comments.
My father has been in the transportation industry( trucking ) for 30
years. I have listened to many accounts of manufacturing facilities that
were once shipping freight locally here in Texas move out of the
country, or just go belly up not being able to match foreign prices(
China, and Mexico in particular).
The unions are just tightening the noose around their own necks.
Scott
- -----Original Message-----
From: Rocky Sanghvi [mailto:rs@mylodestar.com]
Sent: Tuesday, October 08, 2002 3:44 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] Worley's Weekend Weeview
Scott,
I work extensively with Manufacturing companies throughout the country
and I completely agree with your comments.
One of the lessons coming home to roost is that you cant have an economy
based entirely on the Service sector. A society has to MAKE something
tangible to have a thriving economy.
Rocky
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Logan, Scott L.
Sent: Tuesday, October 08, 2002 4:08 PM
To: 'canslim@lists.xmission.com'
Subject: RE: [CANSLIM] Worley's Weekend Weeview
I don't think the American public has realized the effects of losing our
manufacturing jobs. Thousands of good paying blue collar jobs are
disappearing from our landscape. But I like most everyone else enjoy the
low cost goods that American factories( and Unions ) have priced
themselves out of.
- -----Original Message-----
From: Tom Worley [mailto:stkguru@bellsouth.net]
Sent: Sunday, October 06, 2002 10:32 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Worley's Weekend Weeview
ISM (Institute of Supply Management, formerly known as NAPM - Nat'l Assn
of Purchasing Managers) produces two major monthly reports, one on
manufacturing, and one on the service sector. Both reports (indexes)
consist of a number of sub-components, including an employment factor
which is used to measure increase / decrease in actual jobs. Both
reports this week showed that more jobs were being lost in Sept than in
Aug, even tho the service sector report showed a strong gain overall.
For some years now, the manufacturing sector has been losing jobs while
the service sector has been gaining. It's unusual for both to lose jobs,
and dovetails with most other employment data (except for Labor's
reports).
here's CNN's version of the report
http://money.cnn.com/2002/10/03/news/economy/ism_services.reut/index.htm
- ----- Original Message -----
From: Ann <mailto:annholly@attbi.com>
To: canslim@lists.xmission.com
Sent: Sunday, October 06, 2002 11:19 AM
Subject: Re: [CANSLIM] Worley's Weekend Weeview
Tom, can you please explain this paragraph?
Thanks,
Ann
ISM reports that September service sector growth jumped a full 3
percentage points to 53.9%, eighth straight month of growth, and well
over expectations of a gain to 51.4%. As mentioned above, the rate of
layoffs accelerated with the employment factor down to 46.6% from 47.3%,
the 19th straight month of job losses.
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<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>Scott</span></font><font size=3D2
color=3Dnavy face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;
color:navy'>,</span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'> </span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>Thanks for the cutup. =
Unfortunately
it seems like no-one seems to care. Not only is manufacturing =
going
offshore it seems like companies who operate in the </span></font><font =
size=3D2
color=3Dnavy face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;
color:navy'>US</span></font><font size=3D2 color=3Dnavy =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'> don’t =
want to pay
their fair share of taxes. Accenture (formerly Andersen =
Consulting) the
biggest IT consulting company (services) is based in </span></font><font
size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;
color:navy'>Bermuda</span></font><font size=3D2 color=3Dnavy =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>. =
So’s Tyco.
</span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'> </span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>Ed</span></font><font size=3D2 =
color=3Dnavy
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:navy'> =
</span></font><font
size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;
color:navy'>Gjertsen</span></font><font size=3D2 color=3Dnavy =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'> advised the =
other day –
have a latte and don’t complain. </span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'> </span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>Rocky</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'>-----Original =
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b>
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com] <b><span
style=3D'font-weight:bold'>On Behalf Of </span></b></span></font><font =
size=3D2
face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>Logan</span></font><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>, </span></font><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>Scott</span></font><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'> </span></font><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>L.</span></font><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'><br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> Friday, October 11, =
2002
11:17 AM<br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
'canslim@lists.xmission.com'<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> RE: [CANSLIM] =
Worley's
Weekend Weeview</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dblue face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:blue'>Rocky,</span></fo=
nt></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dblue face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:blue'> Here is a =
prime
example of our discussion. 1600 more people which will probably try =
and
obtain service sector jobs...</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dblue face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:blue'>_________________=
_________________________________________________________________________=
_______</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dblue face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:blue'>Maytag to Close =
Plant,
Cut 1600 Jobs <br>
Friday October 11, 10:23 am ET </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dblue face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:blue'><br>
NEWTON, Iowa (Reuters) - No. 3 U.S. home appliance maker Maytag Corp. =
(NYSE:MYG
- - News) said on Friday it plans to close a refrigeration plant in =
Illinois and
cut nearly 8 percent of its work force in an effort to cut costs.<br>
ADVERTISEMENT<br>
<br>
Maytag said its refrigeration plan calls for the construction of a new
refrigeration production facility in Reynosa, Mexico. The new plant, =
expected
to open in late 2003, will be located on the site of an existing Maytag
subassembly operation and will make side-by-side =
refrigerators.</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dblue face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:blue'> </span></fo=
nt></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dblue face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:blue'>The company said =
1,600
employees work at the Galesburg, Illinois, refrigeration products =
facility,
which it expects to close by late 2004. Maytag employs more than 21,000 =
people
around the world.</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dblue face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:blue'> </span></fo=
nt></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<blockquote =
style=3D'margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'>
<p class=3DMsoNormal =
style=3D'margin-right:0in;margin-bottom:12.0pt;margin-left:
.5in'><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>-----Original
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b> Rocky Sanghvi
[mailto:rs@mylodestar.com]<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> Wednesday, October =
09, 2002
12:32 PM<br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
canslim@lists.xmission.com<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> RE: [CANSLIM] =
Worley's
Weekend Weeview</span></font></p>
<div>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 color=3Dnavy face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt;color:navy'>Appreciate everyone's comments on =
this
extremely important issue. Its actually not just the unions - the
implications are bigger. Each and every industry in this =
country
eventually is supported in some way by Manufacturing. Think about =
it!!!
</span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 color=3Dnavy face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt;color:navy'>Look at any service industry - say =
Banking
or Information Technology consulting, Insurance or
whatever: </span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 color=3Dnavy face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt;color:navy'>They provide services either to
Manufacturing & related companies (Suppliers, Distributors) or to =
people
who work in Manufacturing & related companies. =
</span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 color=3Dnavy face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt;color:navy'>Someone mentioned that we are a =
Service
economy. This in itself is not possible. Lets try to imagine =
a
country in which the only jobs are service related. Meaning =
a
Insurance company insuring a Bank. Ok and how does the bank make =
money -
ok I guess from the IT consulting company. Explore this tree long =
enough
and you realize that at the bottom of it are the companies that make =
real,
tangible goods. Is Microsoft a manufacturer? YES =
absolutely. </span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 color=3Dnavy face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt;color:navy'>Can Services be a self funding =
industry
without there being actual production of any goods? No way. =
So when
I look at the long term decline in Mfg in this country - its really =
scary
stuff. Yeah sure GE makes a lot of money by outsourcing to China =
and
Mexico and Eastern europe and therefore makes American stock holders =
money -
but the question is - what does outsourcing mfg offshore do to our
economy? In effect we are distributing our wealth to nations like =
China
and mexico. Make no mistake about it - manufacturing is a =
country's
wealth. Whether its manufacturing software or making widgets
manufacturing a tangible item is what our economy is based on. =
</span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 color=3Dnavy face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt;color:navy'>I cant imagine free trade =
continuing to
work in its present day form. We will be forced to make some tough
decisions - </span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:1.0in;
margin-bottom:.0001pt;text-indent:-.25in'><font size=3D3 color=3Dnavy =
face=3DSymbol><span
style=3D'font-size:12.0pt;font-family:Symbol;color:navy'>·</span><=
/font><font
size=3D1 color=3Dnavy><span =
style=3D'font-size:7.0pt;color:navy'> =
</span></font><font color=3Dnavy><span style=3D'color:navy'>Make =
offshore
manufacturer's buy our products of our service industry. =
</span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:1.0in;
margin-bottom:.0001pt;text-indent:-.25in'><font size=3D3 color=3Dnavy =
face=3DSymbol><span
style=3D'font-size:12.0pt;font-family:Symbol;color:navy'>·</span><=
/font><font
size=3D1 color=3Dnavy><span =
style=3D'font-size:7.0pt;color:navy'> =
</span></font><font color=3Dnavy><span style=3D'color:navy'>Levy quotas =
on goods
imported for distressed industries</span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:1.0in;
margin-bottom:.0001pt;text-indent:-.25in'><font size=3D3 color=3Dnavy =
face=3DSymbol><span
style=3D'font-size:12.0pt;font-family:Symbol;color:navy'>·</span><=
/font><font
size=3D1 color=3Dnavy><span =
style=3D'font-size:7.0pt;color:navy'> =
</span></font><font color=3Dnavy><span style=3D'color:navy'>Levy quotas =
on making
offshore manufacturers to make a certain quota of goods in the =
USA. </span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 color=3Dnavy face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt;color:navy'>Does this sound xenophobic or
gargantuan? Maybe - but I don't see a way around it. =
</span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 color=3Dnavy face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt;color:navy'>Rocky</span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'>-----Original =
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b>
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com] <b><span
style=3D'font-weight:bold'>On Behalf Of </span></b>Logan, Scott L.<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> Tuesday, October =
08, 2002
4:56 PM<br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
'canslim@lists.xmission.com'<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> RE: [CANSLIM] =
Worley's
Weekend Weeview</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
color=3Dblue
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:blue'>Rocky,</span></fo=
nt></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
color=3Dblue
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:blue'> Thank
you for your comments. </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
color=3Dblue
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:blue'>My
father has been in the transportation industry( trucking ) for 30 years. =
I have
listened to many accounts of manufacturing facilities that were once =
shipping
freight locally here in Texas move out of the country, or just go belly =
up not
being able to match foreign prices( China, and Mexico in =
particular).</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
color=3Dblue
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:blue'>The
unions are just tightening the noose around their own =
necks.</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
color=3Dblue
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:blue'>Scott</span></fon=
t></p>
</div>
<blockquote =
style=3D'margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'>
<p class=3DMsoNormal =
style=3D'margin-right:0in;margin-bottom:12.0pt;margin-left:
1.0in'><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>-----Original
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b> Rocky Sanghvi
[mailto:rs@mylodestar.com]<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> Tuesday, October =
08, 2002
3:44 PM<br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
canslim@lists.xmission.com<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> RE: [CANSLIM] =
Worley's
Weekend Weeview</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
color=3Dnavy
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>Scott,</span></fo=
nt></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
color=3Dnavy
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>I work
extensively with Manufacturing companies throughout the country and I =
completely
agree with your comments. </span></font></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><b><font size=3D3 =
color=3Dnavy
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:navy;font-weight:
bold'>One of the lessons coming home to roost is that you cant have an =
economy
based entirely on the Service sector. A society has to MAKE =
something
tangible to have a thriving economy. </span></font></b></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><b><font size=3D3 =
color=3Dnavy
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:navy;font-weight:
bold'>Rocky</span></font></b></p>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'>-----Original =
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b>
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com] <b><span
style=3D'font-weight:bold'>On Behalf Of </span></b>Logan, Scott L.<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> Tuesday, October =
08, 2002
4:08 PM<br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
'canslim@lists.xmission.com'<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> RE: [CANSLIM] =
Worley's
Weekend Weeview</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D2 =
color=3Dblue
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:blue'>I don't
think the American public has realized the effects of losing our =
manufacturing
jobs. Thousands of good paying blue collar jobs are disappearing from =
our
landscape. But I like most everyone else enjoy the low cost goods that =
American
factories( and Unions ) have priced themselves out =
of.</span></font></p>
</div>
<blockquote =
style=3D'margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'>
<p class=3DMsoNormal =
style=3D'margin-right:0in;margin-bottom:12.0pt;margin-left:
1.5in'><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>-----Original
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b> Tom Worley
[mailto:stkguru@bellsouth.net]<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> Sunday, October 06, =
2002
10:32 AM<br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
canslim@lists.xmission.com<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> Re: [CANSLIM] =
Worley's
Weekend Weeview</span></font></p>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial'>ISM (Institute of Supply =
Management,
formerly known as NAPM - Nat'l Assn of Purchasing Managers) produces two =
major
monthly reports, one on manufacturing, and one on the service =
sector.
Both reports (indexes) consist of a number of sub-components, including =
an
employment factor which is used to measure increase / decrease in actual
jobs. Both reports this week showed that more jobs were being lost =
in
Sept than in Aug, even tho the service sector report showed a strong =
gain
overall. For some years now, the manufacturing sector has been losing =
jobs while
the service sector has been gaining. It's unusual for both to lose jobs, =
and
dovetails with most other employment data (except for Labor's =
reports).</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial'>here's CNN's version of the =
report</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial'><a
href=3D"http://money.cnn.com/2002/10/03/news/economy/ism_services.reut/in=
dex.htm">http://money.cnn.com/2002/10/03/news/economy/ism_services.reut/i=
ndex.htm</a></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>----- Original Message =
- ----- </span></font></p>
<div style=3D'font-color:black'>
<p class=3DMsoNormal =
style=3D'margin-left:1.5in;background:#E4E4E4'><b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;font-weight:
bold'>From:</span></font></b><font size=3D2 face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial'> <a href=3D"mailto:annholly@attbi.com"
title=3D"annholly@attbi.com">Ann</a> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>To:</span><=
/font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:canslim@lists.xmission.com" =
title=3D"canslim@lists.xmission.com">canslim@lists.xmission.com</a>
</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Sent:</span=
></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> Sunday,
October 06, 2002 11:19 AM</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Subject:</s=
pan></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> Re:
[CANSLIM] Worley's Weekend Weeview</span></font></p>
</div>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial'>Tom, can you please explain =
this
paragraph?</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial'>Thanks,</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial'>Ann</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial'>ISM reports that September =
service
sector growth jumped a full 3 percentage points to 53.9%, eighth =
straight month
of growth, and well over expectations of a gain to 51.4%. As mentioned =
above,
the rate of layoffs accelerated with the employment factor down to 46.6% =
from
47.3%, the 19th straight month of job losses.</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
</blockquote>
</blockquote>
</blockquote>
</div>
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