Wednesday, May 29, 2002

First suggestion: Tell the MCI reps to stop calling the house! WorldCom attempts to clean up its image. The company is trying to dispel misperceptions about itself and to mend ties with the industry. "We know that we have not always been easy to deal with," its CEO says. [CNET News.com] 5:37:31 PM     Comments[]

Berkshire Hathaway issues first ever-negative coupon security For those who missed the announcement last week. 12:16:11 PM     Comments[]

BOOK RECOMMENDATION The Accounting Game - Basic Accounting Fresh From the Lemonade Stand by Darrell Mullis & Judith Orloff Basic and intermediate accounting courses at a graduate school level cannot illuminate the books of a business as well as this small book does! Judith Orloff has conducted her seminar called The Accounting Game enough times to have well over 100,000 graduates. If you own a business, run a business, head a division, department or subsidiary of a business or if you have ever thought about investing in a business - public or private - you should take a long weekend and go through this book. It will change what you are able to see in the financial reports you get! This advice is as sound for an MBA as it is for a high school drop-out. In fact, if you have a checkbook, you should go through this book! 10:13:27 AM     Comments[]

Why? A Broadband in Every Pot. Former vice-presidential candidate Joe Lieberman previews his National Broadband Strategy Act, an act that wouldn't mandate much of anything. Farhad Manjoo reports from Alameda, California. [Wired News] Please Avoid VoiceStream 9:08:55 AM     Comments[]

No, really, they lost twenty four billion dollars! Vodafone Posts Huge Loss for Year. Once the unchallenged spearhead of the global wireless business, the Vodafone Group announced that it had a net loss of almost $24 billion in the year ended in March. By Alan Cowell. [New York Times: Business] 9:05:18 AM     Comments[]

$24 Billion Lost - A loss of $24 billion They lost $24,000,000,000 trying to operate a cell phone company! Vodafone reported a loss of $23.56 billion for its latest fiscal year, but predicted double-digit revenue growth this fiscal year. [Wall Street Journal] 8:57:38 AM     Comments[]

Just How Elastic Was That Bubble? ExciteAtHome to Auction Off Remains. SAN FRANCISCO (AP) -- Bankrupt ExciteAtHome will auction off the last pieces of its defunct high-speed Internet access service Wednesday, putting the finishing touches on a fire sale that has extracted about $60 million from a business valued at $28 billion three years ago. By The Associated Press. [New York Times: Technology] 8:52:21 AM     Comments[]

© Copyright 2002 Steve Pilgrim.