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pitch monk
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re: I wish I had good news
pitch monk   3/5/2009 4:19:24 AM
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Well said, Gabe. Reminds me of FDR's first inaugural address - "Only thing we have to fear is fear itself". There is a lot of uncertainty regarding when the credit market will return to normalcy. Until that time it is survival mode for most companies. This is really a bane of capitalism where a single most influential buyer is the corporations. This in my view is going to accelerate m&a even more (we are already seeing a number of these) and encourage barter system (i.e. virtual money transfer between vendor and supplier). Piecemeal deals and backend loaded transactions are encouraged. John Cooley's interview with Rajeev (podcast) was interesting (Thanks John for venturing into this new media. It was just perfect). What is your prediction on DAC? Will Magma withdraw from DAC? Rajeev did not give a concrete answer for this question.

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