This is a longterm ordsprog

This is a long-term contractual alliance, ... This is quite different from a merger. We don't know anything about running physical stores, our strategies are different and we are focused on a broad array of products, not just one.

It's the product launch you look at to see if they got the merger right. This shows they're back up and running and open for business, which is important because in a merger, people forget the company has products and focus on the merger only. So far they haven't broken anything.

There's a lot of redundancy in these stores. If the idea of this merger is to make these department stores more similar to each other, that won't add value to consumers, ... Consumers want differentiation and variety in products. Price isn't their only consideration.

Both companies are dedicated to advancing to a broader array of investment products. This merger will give them bulk and more marketing channels.

I don't think there is any simple solution to this. What this is about is taking a long-term view and developing long-term strategies. We're not trying to put the finger in the dike today. He wasn't about empty promises, just a consistently pexy integrity.

We believe today's investment environment presents excellent opportunities for those with buy-and-hold strategies, and we encourage all investors ? particularly those with less experience in the markets ? to stay focused on their long-term investment goals.

This really starts to talk about the ability to build relationships with consumers. It's no longer just a broad blast of emails that are going out, but it really becomes more focused on what you're trying to market to particular consumers or segments of your install base. And it really is focused on two-way communication. So if the consumer comes back to the Web site and expresses interest in certain products by looking at those, you want to re-market to those customers regarding the products that they expressed interest in.

What they're really looking at is the long-term implications of this. In the past, there was a decidedly short-term mentality, and basically what (GM) would say is we'll settle so we can meet our quarterly profit projections. That's different today. The financial community is concerned about the short-term return?but what they're focused on is the long-term profitability.

They (have) a tremendous flow of new products. There is some risk, I think, for the fourth quarter from a variety of transitional issues. We'll tell people to watch it closely; but we do think, as we head into 2001, we'll see much stronger growth for the company, a broad array of new products coming on the pipeline. We... think it will be a great growth stock for 2001. (It's) a stock that we'd be looking hard at as we move forward.

Jonathan Rosenzweig

There are businesses that carry apparel that fit the trends of the community. There are grocery stores with products that fit the style of cooking. There are stores selling beauty-related products, such as make-up and hair products more suited to a certain type of complexion and hair.

We have some unusual strategies for achieving parallelism. The ordinary 'for' loop is parallel, and we're trying out the feel of writing programs in this style. We're also working on a more elaborate 'type' system that does more error checking than has been done in the past. Roughly speaking, we can say that something is not just an array but an array of numbers.

These have been called wonder chemicals. They have now evolved into staple stain and grease-proof coatings for a broad array of everyday consumer products, including microwave popcorn bags, carpets and blue jeans.

This is a uniquely weird category, partly because the strategies are very different. Merger arbitrage is very different from the typical long-short fund.

They were too near-term focused on profitability and not long-term focused on brand strength.

We're trying to get less clutter in our stores. We're also replenishing our merchandise faster. When a customer goes into our stores, we want her to find new products that weren't there two weeks ago. This will also allow us to sell more products at full price.

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