M
my2cents
Guest
Some people have a fetish-like desire to get the last word in. This "I am right, you are wrong" stuff leads down the endless road to nowhere, which is a complete waste of time. Sometimes it is best to let it be and to let go.
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T
tieguy
Guest
Yep,
I think your both right. By the way Jbul you should probably submit the 40 hazmat coupons to the ups record committee, I know that is a record that will never be broken.
I think your both right. By the way Jbul you should probably submit the 40 hazmat coupons to the ups record committee, I know that is a record that will never be broken.
J
jbul_ups
Guest
Tieguy,
Whatever. Guess only time will tell if "Pull on Time Initiative 2000" is anymore effective than "Pull on Time initiative 1999" was. 3 is a charm, maybe "Pull on Time Initiative 2001" will be the one that works.
Whatever. Guess only time will tell if "Pull on Time Initiative 2000" is anymore effective than "Pull on Time initiative 1999" was. 3 is a charm, maybe "Pull on Time Initiative 2001" will be the one that works.
J
jbul_ups
Guest
xbrown,
There are alot of good management people, though most of the talent left for the early retirement. There are still a few remaining, but they won't be around much longer I am afraid. At least they could deal with criticism, and saw a problem where it existed, and tried to solve it. My previous boss was probably the best boss I have had in my work life, because he showed some concern about a problem when you asked him about it. He didn't give the now standard, I'll check on it and get back to you(right). Maybe they need to mentor some of these new guys with the old guys who were successful.
There are alot of good management people, though most of the talent left for the early retirement. There are still a few remaining, but they won't be around much longer I am afraid. At least they could deal with criticism, and saw a problem where it existed, and tried to solve it. My previous boss was probably the best boss I have had in my work life, because he showed some concern about a problem when you asked him about it. He didn't give the now standard, I'll check on it and get back to you(right). Maybe they need to mentor some of these new guys with the old guys who were successful.
J
jbul_ups
Guest
By My2cents on Tuesday, May 16, 2000 - 01:14 pm:
Some people have a fetish-like desire to get the last word in......... Sometimes it is best to let it be and to let go.
Some people have a fetish-like desire to get the last word in......... Sometimes it is best to let it be and to let go.
E
ewavegiveitup
Guest
Jbul,
Thanks for the laugh... It's nice to see you have a sense of humor.
Thanks for the laugh... It's nice to see you have a sense of humor.
T
tieguy
Guest
Jbul,
I understand what your saying, I dont by any means think the on-time iniative will be a rousing success. I also dont believe we should accept things as they stand.
I understand what your saying, I dont by any means think the on-time iniative will be a rousing success. I also dont believe we should accept things as they stand.
J
jbul_ups
Guest
Tieguy,
I don't think we should accept the status quo either. I am not against improvement. My point is, give the initiative a chance to have some effect, by not just making things look good on paper. That really solves nothing. If feeders are pulling late, then we need to know why, not fudge their departure time.That has been my point all along.
I don't think we should accept the status quo either. I am not against improvement. My point is, give the initiative a chance to have some effect, by not just making things look good on paper. That really solves nothing. If feeders are pulling late, then we need to know why, not fudge their departure time.That has been my point all along.
X
xbrown
Guest
Jbul,
Toche'-- Point well taken. I was raised in the old school environment and saw what was coming up. Seems the schools they go to are of the "I'll check on it and get back to you later" variety. And when was the last time anyone followed up to get back to "you"? To think of one of them being my boss was absurd.
Not dating myself, I forgot more than they'll ever know. The company will NEVER EVER go back to the way it was. You said it yourself, the older managers have or are going to retire. The company doesn't want them to mentor. The company wants a college degree -- NOT EXPERIENCE.
You are right about making themselves LOOK GOOD and not getting to the root cause of the problem. I've seen it and been part of it for the up and coming politically connected fast trackers. Didn't like it so I got out. Hence...xbrown!
Like I said before, the staff needs to park their keesters for a few weeks in a spot where the problems exist and find the REAL problems, not just off some report. Hell fudging numbers is the easiest thing to do. The company knows this is going on and depending on when the right fish takes the bait will they set the hook.
Fixing the real problem; now that takes work which is beyond the comprehension of some.
Thanks for being a good sport as we gang up on you {:>. My dog died so I need someone else to kick around. Only joking.
Jbul, your thought process is sound as are your ideas. If you have a solution to the problem, let someone know, and keep on pressing until the problem is solved.
Rambling on so I'll go.
Toche'-- Point well taken. I was raised in the old school environment and saw what was coming up. Seems the schools they go to are of the "I'll check on it and get back to you later" variety. And when was the last time anyone followed up to get back to "you"? To think of one of them being my boss was absurd.
Not dating myself, I forgot more than they'll ever know. The company will NEVER EVER go back to the way it was. You said it yourself, the older managers have or are going to retire. The company doesn't want them to mentor. The company wants a college degree -- NOT EXPERIENCE.
You are right about making themselves LOOK GOOD and not getting to the root cause of the problem. I've seen it and been part of it for the up and coming politically connected fast trackers. Didn't like it so I got out. Hence...xbrown!
Like I said before, the staff needs to park their keesters for a few weeks in a spot where the problems exist and find the REAL problems, not just off some report. Hell fudging numbers is the easiest thing to do. The company knows this is going on and depending on when the right fish takes the bait will they set the hook.
Fixing the real problem; now that takes work which is beyond the comprehension of some.
Thanks for being a good sport as we gang up on you {:>. My dog died so I need someone else to kick around. Only joking.
Jbul, your thought process is sound as are your ideas. If you have a solution to the problem, let someone know, and keep on pressing until the problem is solved.
Rambling on so I'll go.
S
shockholder
Guest
I can see why institutions now have 39% of the available UPS "B" stock. My question is, who in their right mind would sell at such a low price? Are these UPS retirees or management people? Is the BOD manipulating the price prior to a tender offer announcement? What's up (certainly not UPS share value)?
J
jack
Guest
If the BOD could manipulate the share price then they probably would, but in reality that is impossible for a company this size. The shares have done fine by me up to this point, we've got to look long term. UPS stock at this price is a long term bargain and sooner or later more people will realize it's potential.
M
moreluck
Guest
If Sonny Corleone had had a Fast Trak or E.Z. Pass, he'd be alive today.
X
xbrown
Guest
Jack and Shockholder,
I believe in what both of you say is true. I think the BOD is finally playing the street game correctly. I believe the price per share is artificially low and one reason is because the stock is still restricted until 5/2001. After that, you will see a skyrocket or a severe tumble. I see the former. I believe the stock should be at least $100 by now, but the stock gods haven't blessed us with this as yet. As long as it holds ground we'll be fine. Gain a dollar a week til the end of the year will put it in the 90's. The behind the scenes stuff is what drives stock prices; as what Greenspan does as well as analyists comments.
Let the BOD take a few analyists out for cocktails to get positive reviews. But then again, that's a business ethics violation or is it?
I believe in what both of you say is true. I think the BOD is finally playing the street game correctly. I believe the price per share is artificially low and one reason is because the stock is still restricted until 5/2001. After that, you will see a skyrocket or a severe tumble. I see the former. I believe the stock should be at least $100 by now, but the stock gods haven't blessed us with this as yet. As long as it holds ground we'll be fine. Gain a dollar a week til the end of the year will put it in the 90's. The behind the scenes stuff is what drives stock prices; as what Greenspan does as well as analyists comments.
Let the BOD take a few analyists out for cocktails to get positive reviews. But then again, that's a business ethics violation or is it?
Z
zippo
Guest
IPO Prospectuses Become
Hot Memorabilia at Auction
Dow Jones Newswires
Upset you didn't make any money on that initial public offering that fizzled out? Try auctioning off the prospectus.
A small market is developing for IPO prospectuses, the U.S. Securities and Exchange Commission filings underwriters disseminate to give potential investors information about new companies.
Most valuable are the ones from well-known IPOs. Last year, Martha Stewart Living Omnimedia Inc.'s prospectus sold for $76. That's not bad, considering the actual prospectus comes free. Other hot commodities are prospectuses from World Wrestling Federation Entertainment Inc., Red Hat Inc., AT&T Wireless Group Corp. and United Parcel Service Inc.
Dave Bach, who peddles prospectuses and other financial documents on eBay Inc., said he has had success selling the prospectuses of Krispy Kreme Doughnuts Inc. He sold one for $39.75, though a recent sale fetched just $9.99.
For Mr. Bach, just about every dollar taken in from the auctions is profit. He said he works for a "large West Coast institutional investor" and basically just scoops up the extras his firm gets and, in turn, splits the proceeds with his office's summer or Christmas fund.
Financial Documents As Collectors' Items
Prospectuses are really just the latest in a line of financial-related memorabilia to be popular on the auction circuit, particularly with the growth of active investing in the general public. Stock certificates have long been prized, particularly those from old railroad companies or storied corporations such as Standard Oil.
Their value is often higher as a collector's item than as a security. A share of Planet Hollywood International Inc., the theme restaurant chain that just emerged from bankruptcy protection, is being auctioned for $129.50. One share of Boston Beer Co., the microbrewer that makes Samuel Adams beer, is currently on eBay with an auction value of $35. On the securities market that same share opened for trading Monday at 8 1/2.
At least those stocks have a face value -- though all the items sold at auction technically are sold as memorabilia, to avoid having to comply with securities laws. IPO prospectuses, though, have no security value, mostly because they are supposed to be widely available. In theory, any investor can contact an underwriter, ask for the prospectus and get it at no cost. And, with the growth of the Internet, investors can simply download one of the Web versions, cutting out the need for the printed document.
In an e-mail interview, Mr. Bach, who goes under the eBay moniker of "hotstock1," said that ultimately the SEC will add graphics to its Edgar system, giving more detail to the online offerings, but "people will still want the real McCoy that's issued to people -- just like people continue to read newspapers in this electronic age."
In addition to the online auctions, Mr. Bach said he has also found success placing some prospectuses with private collectors. One collector, Mr. Bach said, has been particularly interested in Internet-related companies that have crashed and burned recently, like Value America Inc.
It is a specialized market, though, and not every prospectus sells. Mr. Bach has two new prospectuses up for auction, from recent hot IPOs Sonus Networks Inc. and ONI Systems Corp., each with a starting bid of $6.
As of early Monday, there were no bidders.
Hot Memorabilia at Auction
Dow Jones Newswires
Upset you didn't make any money on that initial public offering that fizzled out? Try auctioning off the prospectus.
A small market is developing for IPO prospectuses, the U.S. Securities and Exchange Commission filings underwriters disseminate to give potential investors information about new companies.
Most valuable are the ones from well-known IPOs. Last year, Martha Stewart Living Omnimedia Inc.'s prospectus sold for $76. That's not bad, considering the actual prospectus comes free. Other hot commodities are prospectuses from World Wrestling Federation Entertainment Inc., Red Hat Inc., AT&T Wireless Group Corp. and United Parcel Service Inc.
Dave Bach, who peddles prospectuses and other financial documents on eBay Inc., said he has had success selling the prospectuses of Krispy Kreme Doughnuts Inc. He sold one for $39.75, though a recent sale fetched just $9.99.
For Mr. Bach, just about every dollar taken in from the auctions is profit. He said he works for a "large West Coast institutional investor" and basically just scoops up the extras his firm gets and, in turn, splits the proceeds with his office's summer or Christmas fund.
Financial Documents As Collectors' Items
Prospectuses are really just the latest in a line of financial-related memorabilia to be popular on the auction circuit, particularly with the growth of active investing in the general public. Stock certificates have long been prized, particularly those from old railroad companies or storied corporations such as Standard Oil.
Their value is often higher as a collector's item than as a security. A share of Planet Hollywood International Inc., the theme restaurant chain that just emerged from bankruptcy protection, is being auctioned for $129.50. One share of Boston Beer Co., the microbrewer that makes Samuel Adams beer, is currently on eBay with an auction value of $35. On the securities market that same share opened for trading Monday at 8 1/2.
At least those stocks have a face value -- though all the items sold at auction technically are sold as memorabilia, to avoid having to comply with securities laws. IPO prospectuses, though, have no security value, mostly because they are supposed to be widely available. In theory, any investor can contact an underwriter, ask for the prospectus and get it at no cost. And, with the growth of the Internet, investors can simply download one of the Web versions, cutting out the need for the printed document.
In an e-mail interview, Mr. Bach, who goes under the eBay moniker of "hotstock1," said that ultimately the SEC will add graphics to its Edgar system, giving more detail to the online offerings, but "people will still want the real McCoy that's issued to people -- just like people continue to read newspapers in this electronic age."
In addition to the online auctions, Mr. Bach said he has also found success placing some prospectuses with private collectors. One collector, Mr. Bach said, has been particularly interested in Internet-related companies that have crashed and burned recently, like Value America Inc.
It is a specialized market, though, and not every prospectus sells. Mr. Bach has two new prospectuses up for auction, from recent hot IPOs Sonus Networks Inc. and ONI Systems Corp., each with a starting bid of $6.
As of early Monday, there were no bidders.
C
cheryl
Guest
DataCert.com just received 2.2 Mil from UPS venture capital. I don't know anything about the company but it may be worth looking into...
C
cheryl
Guest
Rediff.com
India's Rediff.com in cash on delivery tie-up
NEW DELHI, July 7 (Reuters) - Rediff.com India Limited (NasdaqNM:REDF - news), a leading Indian portal said on Friday it had tied up a ``cash on delivery'' (COD) payment system with a courier company to get around the country's problem of low credit card penetration.
A company statement said it had launched this service in association with leading courier company, Elbee Services Limited , the Indian associate of United Parcel Service (NYSE:UPS - news).
``Cash on delivery...will accelerate online shopping. This service is important in a country where the number of Internet users is growing, yet credit card penetration is still low,'' the statement quoted Ajit Balakrishnan, chairman and managing director Rediff.com as saying.
The statement said a leading Indian daily had placed the number of Indian credit card holders at 3.8 million.
The COD mode of payment will allow users to shop online and make payments in cash against delivery of the product in India. The service will be available across 800 locations in urban and rural India.
Launched four years ago, the company is the only Indian Internet firm listed on the U.S. Nasdaq.
India's National Association of Software and Service Companies estimated India's Internet subscribers at 0.77 million on March 31, 2000 and the number of Internet users at 3.2 million.
Rediff.com ADRs closed at $15 at the Nasdaq exchange on Thursday, 7/6.
India's Rediff.com in cash on delivery tie-up
NEW DELHI, July 7 (Reuters) - Rediff.com India Limited (NasdaqNM:REDF - news), a leading Indian portal said on Friday it had tied up a ``cash on delivery'' (COD) payment system with a courier company to get around the country's problem of low credit card penetration.
A company statement said it had launched this service in association with leading courier company, Elbee Services Limited , the Indian associate of United Parcel Service (NYSE:UPS - news).
``Cash on delivery...will accelerate online shopping. This service is important in a country where the number of Internet users is growing, yet credit card penetration is still low,'' the statement quoted Ajit Balakrishnan, chairman and managing director Rediff.com as saying.
The statement said a leading Indian daily had placed the number of Indian credit card holders at 3.8 million.
The COD mode of payment will allow users to shop online and make payments in cash against delivery of the product in India. The service will be available across 800 locations in urban and rural India.
Launched four years ago, the company is the only Indian Internet firm listed on the U.S. Nasdaq.
India's National Association of Software and Service Companies estimated India's Internet subscribers at 0.77 million on March 31, 2000 and the number of Internet users at 3.2 million.
Rediff.com ADRs closed at $15 at the Nasdaq exchange on Thursday, 7/6.
J
jack
Guest
What happened to the China decision? I thought it was supposed to have been made by now.
Is there a specific deadline for the decision?
Is there a specific deadline for the decision?
L
legs
Guest
I heard a rumor this week that the China air route access may be delayed along with the China trade issues. There was an article about the trade issues delay in our local paper a couple of days ago but it didn't mention the air routes. I thought the 2 issues were seperate so I am a skeptical that both will be delayed but thought it was worth mentioning here.
M
moreluck
Guest
It's summer time, vacation time etc. Tell about some neat place you visited and what the place offers in the way of entertainment. We can all be looking for our next little getaway.
M
moreluck
Guest
Just got back from a few days in Solvang, CA. Cutest little Danish town with lots of shops, 4 golf courses and a casino only 3 miles from town. Turn the clocks back 20 or 30 years, this place has a slower, relaxed pace and I found it to be thoroughly enjoyable. Temperatures were cooler than the L.A. basin and the air was "mountain" clean. Hubby especially liked the River Course at Alisal even better than Rancho San Marcos. The town basically rolls up the streets at 5 PM., with the exception of the restaurants & the casino. We stayed at the Royal Scandinavian Inn...very nice and very clean and a good location for walking to all the shops. Hope to hear about some other interesting vacation spots.
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