I love the stock at these levels. They suck at handsets, but they absolutely DOMINATE the wireless infrastructure market. One estimate has that market growing to an unbelievable $753 BILLION by 2010...and the leadership position there is ERICY's to lose.
ERICY has 20,000 engineer-types focused on wireless infrastructure...4 times more than the next closest competitor, Nortel...and ERICY still doesn't have enough talent.
Shifting the handset biz off balance sheet will enable ERICY to achieve much higher returns on invested capital in the biz it knows best. It's a screaming buy, IMHO.
Random thought...I have not seen a single article suggesting that the underlying reason for Greenspan's endorsement of Bush's tax cut proposal is really to justify a 25 basis point move on Tuesday/Wednesday. Seems obvious to me that his flip-flop on the issue was an attempt to reshape market expectations in that regard....
I am lightening up in anticipation of a 1/4 point rate drop this week. 1/2 + 1/2 in less than one month seems very drastic and out of character for Mr. Greenspan. His endorsement of tax cuts is a long term thing and wouldn't affect the economy in the short run. I believe that Mr. Greenspan was shocked at the huge Congressional spending prior to the election and picked tax cuts as a pragmatic solution. Like President Reagan's approach, the most effective way to stop the free spenders is to choke off their oxygen supply. In the short term though, I believe a 1/4 point cut (instead of 1/2) will be driven by an upcoming announcement of a reduction in withholding rates, which puts cash in people's pockets immediately. This has also been in the news recently.
Thanks for all the NMD laser links - at one I ran into this one http://www.airbornelaser.com/ Seems like an idea that will work ( although I imagine there are many Pentagon types who have visions of also using such a system as a weapon to attack targets not only in space but also on earth.)
Let's hope we have a great SuperBowl - I don't really care who wins just so long as it's a great game.
PS re zigzag fag - best to just ignore the asshole. Some people can't help but demonstrate for all what idiots they really are. LOL!