Tuesday, February 01, 2005

Round and Round

* SBC Communications Inc. said Tuesday it expects to eliminate about 13,000 jobs after its $16 billion acquisition of AT&T Corp. closes, but executives emphasized that many of those positions can be cut through attrition rather than layoffs.

* Sure, attrition. That's when people leave, you don't replace them. For example, when somebody goes out for lunch, you pack all their belongings in a box and set them outside the office door, then deactivate their security entry card. Attrition.

* Google is up huge afterhours. But remember, a big block of shares could be up for sale this month. Right around Valentines Day. I think. Probably a quick Google search could find out what the day is. Ironic.

* Remember the rock group Ratt? Round and Round, baby.

* Nobody liked the market. Quite a move off the lows. Looks like people are starting to like it again.

* Opening up Tivo for developers to create applications might be a little too late. There are alternatives, ranging from cable and sat companies, and even Windows Media PC.

* Kind of a surprise, but Rudy Tomjanovich is going to retire tonight from the Lakers.

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