THE WELCH COMPANY
440 Davis Court #1602
San Francisco, CA 94111-2496
415 781 5700


S U M M A R Y


DIARY: July 27, 2001 02:25 PM Friday; Rod Welch

Acquisition bubble bursts in stock market.

1...Summary/Objective


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CONTACTS 

SUBJECTS
Recession Reduced Earnings Stock Prices Decimated
Computer Software Enterprise Sector Earnings Sales Decline
Enterprise/Knowledge Management Does Not Improve Productivity, Reliab
Compelling Application Needed to Increase Sales of PCs
Killer App Needed for SDS Business Plan
Acquisition Buble Bursts

4208 -    ..
4209 - Summary/Objective
4210 -
421001 - Follow up ref SDS A3 0000, ref SDS A2 0000.
421002 -
421003 - Reuters article reports acquisition bubble has burst, ref OF 16 0001,
421004 - citing in particular JDS, a Canadian firm that is the world's largest
421005 - manufacturer of fiber optics components for the telecom industry.
421006 - ref OF 16 006M  JDS reported a quarterly loss of $50B, due largely
421007 - to lowering the book value of acquisitions below the purchase price.
421008 - ref OF 16 N07L
421009 -
421010 - JDS plans to reduce its work force by more than 50%. ref OF 16 008N
421011 -
421012 - This reflects implosion of management described in NWO. ref OF 5 TQ4O
421013 - and ref OF 5 7501
421014 -
421015 - Andy Grove commented in his book....
421016 -
421017 -
421018 -                   Only the Paranoid Survive
421019 -
421020 -
421021 - ....reviewed on 9890307, that senior management is good at doing
421022 - mergers, but has difficulty empowering the workforce to be productive.
421023 - ref SDS 56 HO5K
421024 -
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4211 -