Eugene David
...The One-Minute Pundit

Saturday, July 08, 2006


And speaking of SUPERDUPERMEGASMASHES, by accident today we stumbled across this press release for THE MERGER OF THE MILLENNIUM, and got reminded why we do not trust one word of show-biz coverage, including definite and indefinite articles:

"TOGETHER, THEY REPRESENT AN UNPRECEDENTED POWERHOUSE!!!!!” said Scott Ehrens, a media analyst with Bear Stearns. "IF THEIR MANTRA IS CONTENT, THIS ALLIANCE IS UNBEATABLE!!!!! NOW THEY HAVE THIS GREAT PLATFORM THEY CAN CROSS-FERTILIZE WITH CONTENT AND REDISTRIBUTE!!!!!”....

"I DON’T THINK THIS IS TOO MUCH TO SAY THIS REALLY IS A HISTORIC MERGER; A TIME WHEN WE’VE TRANSFORMED THE LANDSCAPE OF MEDIA AND THE INTERNET!!!!!” said Steve Case, AOL’s chairman and chief executive officer. "AOL-TIME WARNER WILL OFFER AN INCOMPARABLE PORTFOLIO OF GLOBAL BRANDS THAT ENCOMPASS THE FULL SPECTRUM OF MEDIA AND CONTENT!!!!!”....

"TODAY’S ANNOUNCEMENT REALLY DOES CHANGE THE TECTONIC PLATES IN THIS WORLD!!!!!” said Christopher Dixon, media analyst with PaineWebber.

"THIS REALLY UNDERSCORES THE STRENGTH OF THE INTERNET!!!!!” he said. "THE INTERNET IS HERE AND IT’S NO LONGER JUST ABOUT TECHS!!!!! IT’S ABOUT BROADBAND, IT’S ABOUT STREAMING VIDEO, IT’S ABOUT STREAMING MUSIC AND IT’S ABOUT COMING UP WITH ALL KINDS OF WAYS TO USE YOUR COMPUTER IN A VERY TV-LIKE EXPERIENCE!!!!!”....

"THIS IS THE FIRST MAJOR COMBINATION OF AN ONLINE COMPANY AND A BRICKS-AND-MORTAR MEDIA COMPANY!!!!!” said Ben Rogoff, manager of Aberdeen Asset Management’s technology fund in London, which has more than 1 billion pounds ($1.6 billion) in assets, and holds America Online stock. "IT’S THE DEAL THAT EVERYONE WILL HAVE TO FOLLOW!!!!!”....

"IF MICROSOFT REALLY WANTS TO BE A PLAYER IN THE MEDIA SPACE, THEY ARE GOING TO HAVE TO RESPOND!!!!!” Ehrens said. "THIS [DEAL] JUST PUSHES AOL/TIME WARNER INTO THE STRATOSPHERE AHEAD OF THEM!!!!!”


[Overemphasis added.]

This is the ultimate expression of PAUL DRECKISM, and needless to say there is not ONE TRUE STATEMENT in the whole piece. Steve 'n' Gerry were out to hoodwink the people, and they succeeded brilliantly. No one dared note the fallacy of it all. There was too much hubris at stake. Only the shareholders suffered, and the employees. And they didn't matter. How could they with such a superb PARADIGM?

By the way, whatever happened to Gerry Levin -- and who cares?

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