> >One would think that the august, over-educated, superior Mpls-List
> >population could properly spell the name of a company to which they write a
> >check most every month?! ;-)
>
> >Paul Kuettel
> >NE Quandrant, Falcon Heights, Spit'n distance from Roseville, Can see
> >Nordeast on a clear day.
>
>If the local corporations would stop changing their names to made-up words,
>maybe we could spell them.
>sheldon
From recent events, it also appears that when companies change
from a name made up of real words (like Northern States Power, which tells
you who they are, what they do, even where they are) to some made-up
words that are meaningless & generic (XCEL, Enron, Worldcom,
GlobalCrossings, etc.), they get into financial trouble and usually go
bankrupt within 3 to 6 years.
Seems that the name changes are indicative of a change in thinking on the
part of the company management: the managers look back with disdain on
their history of providing a specific product or service to customers, and
want to become a corporate conglomerate, not tied to any specific products
or services. They begin to think they can make money by accounting games,
stock issuances, mergers, etc. (And they can, for the managers. At least
for a while. But what about the employees, stockholders, and customers --
they seem to left out in the end.)
So here's my stock market advice to you all (worth exactly what you paid
for it): when a company changes it's name from a 'real' name to 'some
made-up words', SELL any stock you have in that company! You might want to
hang on to it for a few months, to gain from the bubble, but not too long
-- SELL before the bubble bursts.
Tim Bonham, Ward 12, Standish-Ericsson
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