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With buy, Cisco foes will join forces - Tech News - CNET.com |
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| Topic: Economics |
12:52 pm EDT, May 20, 2002 |
" Juniper Networks said Monday that it plans to acquire rival router maker Unisphere Networks in a cash and stock deal worth roughly $740 million. " With buy, Cisco foes will join forces - Tech News - CNET.com |
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Napster Now Bertelsmann's Baby |
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| Topic: Economics |
12:47 am EDT, May 18, 2002 |
"Bertelsmann AG will pay $8 million to Napster's creditors, allowing the company to begin its operations again with much of its senior management intact, according to sources familiar with the situation. CEO Konrad Hilbers and founder Shawn Fanning, who both resigned on Tuesday after the board of directors failed to agree on a sale, will return to their posts. " OK, fine, napster is back... strange proceedings... There is an inside story here. They either wanted to stop paying salaries while they worked out the legal stuff or they were trying to get rid of certain board members... still a wait and see... Napster Now Bertelsmann's Baby |
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USATODAY.com - Kazaa, Verizon propose to pay artists directly |
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| Topic: Economics |
1:16 am EDT, May 15, 2002 |
"Kazaa lobbyist Phil Corwin says a $1-a-month fee per user on Internet providers alone (it's unclear whether costs would be passed along to subscribers) would generate $2 billion yearly: "We're talking about a modest fee on all the parties who benefit from the availability of this content." Recording Industry Association of America president Hilary Rosen calls the proposal "the most disingenuous thing I've ever heard. It's ridiculous."" This is an interesting development. Its CLEAR that costs would be passed down to subscribers. The logistics of this are apt to be messy, but essentially, this is like paying for intellectual property with a tax, which is redistributed via a use tracking system. The RIAA is opposed because they are cut out of the loop and because they don't get to monkey around with the industry using agressive fees. Either way, I imagine that this is going to make things more messy rather than less messy. People would LOVE to make file sharing legal, but when it comes time to pay for it, I think they are liable to all say "file trading is not my fault." USATODAY.com - Kazaa, Verizon propose to pay artists directly |
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E*Trade downgrades CEO's pay - Tech News - CNET.com |
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| Topic: Economics |
12:25 pm EDT, May 10, 2002 |
"In 2001, Cotsakos pulled in $4.9 million in salary and bonus, according to documents filed with the Securities and Exchange Commission. E*Trade also forgave a $15 million loan to Cotsakos last year, gave him $15.2 million to pay the taxes related to forgiving of that loan, paid him $29 million worth of restricted stock, and contributed more than $9 million toward a supplemental retirement plan. In that same year, E*Trade posted a loss of $241.5 million, or 73 cents per share." E*Trade's CEO salary is 30% of their annual loss!! E*Trade downgrades CEO's pay - Tech News - CNET.com |
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Greenspan says recovery classic path - May. 10, 2002 |
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| Topic: Economics |
12:17 pm EDT, May 10, 2002 |
WASHINGTON (Reuters) - Federal Reserve Chairman Alan Greenspan told business executives this week the U.S. economic recovery was following a classic historical pattern of increased growth before expanding profits, according to Bill Esrey, CEO of Sprint Corp. Greenspan says recovery classic path - May. 10, 2002 |
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| Topic: Economics |
3:32 pm EDT, May 8, 2002 |
(NYTimes login required)
Political leaders in Washington are casting about for measures to ensure that the Enron debacle will never be repeated. Unfortunately, one of the main ideas being considered requiring companies to treat stock options as expenses on financial statements addresses an issue that not only had nothing to do with Enron's failure but is, in fact, not a problem at all. Leave Options Alone |
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10 Questions With Prudent Bear Fund Manager David Tice |
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| Topic: Economics |
12:16 pm EDT, May 8, 2002 |
"I think it could be Dow 3,000 or below, and the Nasdaq below 500. People think it can't happen, but it can. That's the way markets work; that's the way economic history works; that's the way companies work." 10 Questions With Prudent Bear Fund Manager David Tice |
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Growth overwhelms state schools |
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| Topic: Economics |
12:05 pm EDT, May 6, 2002 |
"California state demographers estimate that 609,000 high school graduates will seek admission to the state's two-and four-year colleges and universities by 2010, a 28.6% increase over 2000." A Baby Boom? Growth overwhelms state schools |
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Forbes.com: Information technology work force set to grow - report |
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| Topic: Economics |
11:36 am EDT, May 6, 2002 |
"Hiring managers report they will attempt to fill 1.1 million information technology jobs in the next 12 months, according to the report by the Information Technology Association of America industry group. If that estimate is on target, the information technology job market is in the midst of a significant recovery after a sharp contraction last year. "If just half of these jobs are filled, the size of the IT work force will be restored to pre-2001 levels," the trade group said in its report." Forbes.com: Information technology work force set to grow - report |
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