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I’ve decided that throwing money into a traditional IRA in addition to the 401(k) is probably not a bad idea even if the contribution is non-deductible.
Finance/Investments
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Finally cut the cord with Sprint PCS. The retention rep offered 75 minutes (no long distance) for $15/month, which I declined. NO ETHICS? NO EXPERIENCE? NO PROBLEM!. Speaking of telecoms…
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Yet another month of ever-increasing surcharges on my Sprint PCS invoice. Taxes and surcharges currently make up about 25% of the total bill. I’m paying $1 per month for number portability, which I assume has gone towards the cost of lobbying against it. Considering that I’m using less than one hour of talk time per … …
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Bear, Stearns Threatens Again to Leave City and Seeks Third Set of Deals to Stay. There is no way the city should be paying incentives for companies to stay in NY while planning to shut down local firehouses. This is a ridiculous waste of tax dollars.
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Tyco CEO resigns and the stock tumbles yet more. I can at least find some solace in the fund manager’s comments for American Century Ultra: Ultra’s industrial stake, namely its position in Tyco International, was a key source of underperformance. A long-time holding that had added value in previous periods, the international conglomerate declined under … …
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So glad I bailed out of BEONX. Apparently, these chumps haven’t learned their lesson. Another significant drag on performance was Tyco International Ltd. (2.15% of assets), which suffered a steep decline in the aftermath of Enron. In our opinion, the steep drop was unwarranted given the company’s track record and recent SEC review that found … …
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What a call on VRSN and TYC. Too bad I did nothing… HOMS revisited. How is this pig still alive? $400M+ deficit (mostly outstanding obligations to AOL, I would guess) and dwindling cash. The latest 10-Q says $270M cash/equivs, but a 4/3 press release says $28M in unrestricted cash…
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NHL and NBA playoff pool scoreboards are now automated using Perl and sockets. I can be such a geek… :-p WCOM getting bombed today. What a disaster.
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Can’t believe I used to be so high on WCOM stock. Finally cracked 5. If the margin call hasn’t already hit Ebbers…
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Bush’s unrelenting support of Ariel Sharon is ridiculous. The NASD web site has some cool resources. For example, if you check out the UBS PaineWebber brokers mentioned here (The Man Who Paid the Price for Sizing Up Enron), you will find interesting little tidbits like Chung Wu used to work at King Bo Restaurant II, … …