Tuesday, June 04, 2002

QUESTIONS REMAIN Qwest will eliminate its dividend this year and apply the cost savings to a debt reduction of about $25 billion, the company said at its annual meeting. [Wall Street Journal] 4:55:27 PM     Comments[]

TOO MANY BELIEVE LONG TERM MEANS A YEAR OR TWO Taking the Long View. Perspective is priceless, and with six decades of experience, legendary investor Philip Fisher has plenty to offer. [The Motley Fool] 4:52:41 PM     Comments[]

AS PREDICTED Hewlett-Packard to Cut 15,000 Jobs in Wake of Compaq Merger. Hewlett-Packard said today that it will record charges of $2.1 billion as a result of its merger with Compaq, and will cut 15,000 jobs. By The Associated Press. [New York Times: Technology] 4:49:14 PM     Comments[]

CAROL LOOMIS is a long-time friend of Warren Buffett's and has, for many years, done some editing of his annual letter to shareholders. When Fortune runs any article by Carol Loomis, it's worth reading. She put her attention on Insurance After 9/11 and has done a remarkable job of giving a snapshot of the super-cat (super catastrophe) insurance and reinsurance business. Reading that article helps put this one in perspective. Setback on Insurance for Trade Center Developer. A federal judge in Manhattan yesterday rejected a request by Larry A. Silverstein, the real estate developer who controlled the World Trade Center, to rule immediately on his insurance claim that the destruction of the twin towers amounted to two events, requiring a $7 billion payment. By Charles V. Bagli. [New York Times: Business] 8:00:45 AM     Comments[]

ANOTHER DIAL-UP ISP SBC and Yahoo Launch Internet Service. DALLAS (AP) -- Phone company SBC Communications Inc. and online giant Yahoo! Inc. have teamed up to launch an Internet service that they hope will challenge AOL and Microsoft for dominance of the dial-up market. By The Associated Press. [New York Times: Technology] 7:41:25 AM     Comments[]

OUT OF THE FISHBOWL Private vs. Public Companies. Bet you didn't realize all these firms were private! [The Motley Fool] 7:20:01 AM     Comments[]

© Copyright 2002 Steve Pilgrim.