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10-02-2008, 10:22 AM
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#21
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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10-02-2008, 10:28 AM
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#22
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,612
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 Quote: Well us sales-types tend to stick together. I'm a former director of sales operations.
-- Rita
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Only got A dimple, would have preferred 2!
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10-02-2008, 02:02 PM
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#23
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Well, my old company did work in a rather unique manner. The manufacturing guys were the kings and (cough) the engineering folks were the queens.
Once in a while the engineering guys would drop by marketing and ask us our opinion on something, and then do whatever they felt like.
The product wasnt particularly in need of sales. Our sales crew pretty much told the distributors how many they could have, when they could have them and how much they'd be paying for them.
Our IT folks were fine, but most of the business units did their own things and hid them.
Accounting? Our manufacturing plants could each tell you how much they spent down to the penny, when where every penny went. The money rolled in. Subtract one from the other. 
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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10-02-2008, 02:21 PM
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#24
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Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 2,020
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Quote:
Well, their slogan wasn't "Can I talk you into putting Intel inside?"
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10-02-2008, 02:26 PM
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#25
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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LOL.
No, it wasnt. Virtual monopolies are pretty good things.
About the only truly worthwhile things the marketing folks did was a) make people aware of the fact that there was a cpu in their computer and care at least a little about who made it, and b) occasionally make some of the writers and analysts a little bit concerned about telling people it was okay to buy the lowest end product because it was 'good enough'.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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10-02-2008, 04:00 PM
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#26
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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Quote:
Originally Posted by Gardnr
I don't know if they've done anything about it, but I seriously doubt it. I'm sure they've seen the latest results and compared that to all the market news and figured, "no way we're getting out." And who could blame them?
I'm certainly not going to push it with them. God forbid I convince them to diversify some of their position into the broader market and then watch it go down another 10-15% and then go sideways for quite a while, which is a real possible (maybe even likely) scenario.
I'm sure it's probably a safe play for them and nothing's going to go wrong with the company, but who knows? Especially these days.
Damn thing just keeps going up! (And yes, I am a bit jealous!  ) |
OK, CFB, I think it's time to trot out that story of your friend who kept her Intel options, even though they were more than enough to exercise & ER on, because she "wanted to travel"...
Did she manage to keep her Intel job when you took their ER package?
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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10-02-2008, 04:22 PM
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#27
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Yeah, she's doing great. Ran into her at the store a few months back and she was really pulling in the promotions.
She was worth ~$8M at one point. But it wasnt enough for the sort of retirement she wanted.
I guess the good news is that she's probably still worth a million or two. Unfortunately her 401k and everything else is also 100% in the company stock.
Seemed like a brilliant strategy until 2000. It just kept going up and up and up.
She's gotten married and had a couple of kids. I'm familiar with the job she's in, and you're on the road 2-4 days a week, gone for weeks at a time for major program meetings a few times a year, and working pretty much 24x7. I'm sure she can afford a nanny and a housekeeper, but probably gets very little time in with the kids.
Bummer.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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10-02-2008, 07:08 PM
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#28
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Quote:
Originally Posted by cute fuzzy bunny
LOL.
No, it wasnt. Virtual monopolies are pretty good things.
About the only truly worthwhile things the marketing folks did was a) make people aware of the fact that there was a cpu in their computer and care at least a little about who made it, and b) occasionally make some of the writers and analysts a little bit concerned about telling people it was okay to buy the lowest end product because it was 'good enough'.
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It isn't the same as selling Tide, is it?
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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10-03-2008, 03:33 AM
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#29
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2006
Posts: 7,733
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Quote:
Originally Posted by haha
It isn't the same as selling Tide, is it?
Ha
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Naw selling Tide is tougher 
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10-03-2008, 06:49 AM
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#30
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
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Well I see Wachovia's position has quadrupled overnight. Citi out Wells Fargo in.
__________________
Vietnam Veteran, CW4 USA, Retired 1979
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10-03-2008, 06:51 AM
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#31
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Quote:
Originally Posted by OAG
Well I see Wachovia's position has quadrupled overnight. Citi out Wells Fargo in.
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Yep. See this thread: http://www.early-retirement.org/foru...tml#post724799
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Numbers is hard
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10-03-2008, 01:13 PM
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#32
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,037
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2 positions...
CASH and FETAL
third position: buying like a madman! 
fourth position.....reach for the sky, pard'ner
some of you thought i was gonna be a bad girl  and describe another "position", didn't ya?
__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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10-03-2008, 01:32 PM
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#33
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Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 2,020
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Well, to be honest, we were fetal for a bit here... we handle part of a certain large company's business (they're also a competitor, but our subsidiary, which we provide IT services for, handles our business and theirs). Anyway, transactions were flying so fast that we melted a few servers. Locking customers out from transferring funds during a market meltdown is not a good path to go down.
Fetal position over and no one fired.
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10-03-2008, 01:33 PM
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#34
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Full time employment: Posting here.
Join Date: Apr 2006
Posts: 897
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Quote:
Originally Posted by Gardnr
<snip>
I don't know if they've done anything about it, but I seriously doubt it. I'm sure they've seen the latest results and compared that to all the market news and figured, "no way we're getting out." And who could blame them?
I'm certainly not going to push it with them. God forbid I convince them to diversify some of their position into the broader market and then watch it go down another 10-15% and then go sideways for quite a while, which is a real possible (maybe even likely) scenario.
I'm sure it's probably a safe play for them and nothing's going to go wrong with the company, but who knows? Especially these days.
Damn thing just keeps going up! (And yes, I am a bit jealous! )
<snip>
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And, of course, you'd be the @$$hole if you reminded them of your recommendation after the company stock got crushed and they hadn't done anything to diversify.
You can't win.
-CC
__________________
"There's those thinkin' more or less, less is more, but if less is more, how you keepin' score?
It means for every point you make, your level drops. Kinda like you're startin' from the top..." "Society" - Eddie Vedder
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10-03-2008, 01:33 PM
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#35
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Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 2,020
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Quote:
Originally Posted by freebird5825
some of you thought i was gonna be a bad girl and describe another "position", didn't ya? |
Well, given the recent senate and house antics, I do have another position... bailout style.
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10-03-2008, 08:31 PM
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#36
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Recycles dryer sheets
Join Date: Jul 2008
Location: ENE MO - near STL
Posts: 424
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Quote:
Originally Posted by CCdaCE
And, of course, you'd be the @$$hole if you reminded them of your recommendation after the company stock got crushed and they hadn't done anything to diversify.
You can't win.
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Precisely!
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