Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

WARREN BUFFETTED FOR $1.8B IN '05 (bad bets lost shareholders billions)
NY POST ^ | March 4, 2006 | PAUL THARP

Posted on 03/04/2006 7:16:34 AM PST by Liz

Warren Buffett, the second-richest man in America, is $1.8 billion poorer this year due to bad bets - also losing billions for his loyal following......considered by some as the world's greatest investor, has suffered an embarrassing 2.36 percent loss in returns on his huge Berkshire Hathaway empire in the past year.

The pricey shares skidded from their peak last December of $91,200 apiece to $87,490 yesterday.....a drop of nearly $4.7 billion in just three months for his shareholders.

Berkshire Hathaway - built largely on insurance businesses and blue chip stocks - got hurt from insurance losses and bad bets on the dollar......also lost about $926 million in the first half of last year betting the dollar would drop, but it rose 10 percent against other currencies.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Extended News
KEYWORDS: berkshirehathaway; billionaires; buffett; warrenbuffett
Navigation: use the links below to view more comments.
first 1-5051-68 next last

1 posted on 03/04/2006 7:16:35 AM PST by Liz
[ Post Reply | Private Reply | View Replies]

To: Grampa Dave

ping


2 posted on 03/04/2006 7:17:09 AM PST by Liz (Liberty consists in having the power to do that which is permitted by the law. Cicero)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz
Couldn't happen to a finer fellow. I hope George Soros is getting clobbered too.

-ccm

3 posted on 03/04/2006 7:18:08 AM PST by ccmay (Too much Law; not enough Order)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz

Buffett is a leftist greed head Democrat always betting against America. Think Soros without the accent.


4 posted on 03/04/2006 7:20:52 AM PST by Leisler (Islam Macht Fries!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz

Something's misleading here. Berkshire's performance in 2005 was 6.4% vs. 4.9 for the S&P according to the statement.


5 posted on 03/04/2006 7:23:25 AM PST by groanup (Shred for Ian)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ccmay
Soros is and has been taking it in the neck for the last few years. I expect him soon to become a Venezuelan citizen. This will make his what, 5th "I swear I love this country" move?
6 posted on 03/04/2006 7:23:31 AM PST by Leisler (Islam Macht Fries!)
[ Post Reply | Private Reply | To 3 | View Replies]

To: groanup

BH is not Warren Buffett. Buffett has investments outside of BH, of which he got hammered.


7 posted on 03/04/2006 7:27:31 AM PST by Leisler (Islam Macht Fries!)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Liz

What happened, insider info ran out?


8 posted on 03/04/2006 7:35:27 AM PST by Screamname (Hillary thy demon, get out of politics... The power of Christ compels you.The power of Christ compel)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz
...lost about $926 million in the first half of last year betting the dollar would drop...

Not a good idea to bet against the ole US of A.

9 posted on 03/04/2006 7:35:55 AM PST by Loyal Buckeye
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz
Lost his assets, eh?
10 posted on 03/04/2006 7:43:04 AM PST by SouthTexas
[ Post Reply | Private Reply | To 1 | View Replies]

To: groanup

THe price performance all depends on the exact dates you use for your comparison. Berkshire performance was essentially flat throughout '05, with some ups and downs, so if you pick the one-year period ending yesterday, its performance looks much worse than if you look at calendar '05.

The stock symbols is BRKA; look it up at e.g. "http://www.Bigcharts.com"


11 posted on 03/04/2006 7:45:10 AM PST by Redbob
[ Post Reply | Private Reply | To 5 | View Replies]

To: Liz
Having been convicted of stock manipulation (France), Soros should be stripped of citizenship and deported.
12 posted on 03/04/2006 7:46:19 AM PST by ncountylee (Dead terrorists smell like victory)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz
The pricey shares skidded from their peak last December of $91,200 apiece to $87,490 yesterday

I feel like such a shrimp, I play in the under $100 stocks.

13 posted on 03/04/2006 7:48:31 AM PST by xJones (Stå sammen med danskerne !)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz
has suffered an embarrassing 2.36 percent loss in returns

Yawnnnnn. Hack job reporting. What about the billions and billions he's made? I take that loss in a heart beat if I could have 1/2 the gains.

14 posted on 03/04/2006 7:48:40 AM PST by Drango (A liberal's compassion is limited only by the size of someone else's wallet.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz
Forbes OutFront A Word From A Dollar Bear Robert Lenzner and Daniel Kruger , 01.10.05

Warren Buffett's vote of no confidence in U.S. fiscal policies is up to $20 billion.

The dollar has fallen savagely against the euro for the past three years, and the trade deficit is running $55 billion a month. Is the currency rout over? Can the trade deficit be fixed with a rise in interest rates or an upward revaluation of the Chinese currency? Warren Buffett, the world's most visible dollar bear, says the answer to both these questions is no. His bet against the dollar, reported at $12 billion in his last annual report (for Dec. 31, 2003), has gotten all the bigger. Now his Berkshire Hathaway has a $20 billion bet in favor of the euro, the pound and six other foreign currencies.

Buffett has for a long time been lecturing fellow Americans about their bad habit of borrowing from abroad to live well today. He made a big stink about his currency trades in his March 2004 letter to shareholders. FORBES phoned him recently for an update, hoping for the news that the Scold of Omaha had softened his views on the decline of the dollar. What we got was more doom and gloom, more than we have ever heard from the man. In other words, he is not about to cover his short position on the dollar.

15 posted on 03/04/2006 7:50:29 AM PST by Capt. Tom (Don't confuse the Bushies with the dumb Republicans - Capt. Tom)
[ Post Reply | Private Reply | To 1 | View Replies]

To: groanup

True. Also, go to the BH website and read the annual reports. There are several years worth posted. The reports are clearly written and understandable. The best financial education you can get for free.


16 posted on 03/04/2006 7:54:14 AM PST by Oystir
[ Post Reply | Private Reply | To 5 | View Replies]

To: Liz
The pricey shares skidded from their peak last December of $91,200 apiece to $87,490 yesterday.

Buy on the dips!

17 posted on 03/04/2006 8:00:50 AM PST by Semi Civil Servant (The Main Stream Media: Al-Qaeda's most effective spy network.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz

HAHAHAHAHA> Did we not say right here that this was going to happen to the great man.


18 posted on 03/04/2006 8:01:11 AM PST by therut
[ Post Reply | Private Reply | To 1 | View Replies]

To: Redbob

The long dollar trade of April or May 2005 was one of the easiest I have seen in a long time. The dollar index (DXC) rose above its 200 moving average for the first time in over a year IIRC. I (kick,kick,kick) didn't take it because it happened on a Friday afternoon and I didn't want the currency exposure over the weekend. Well it never looked back. At least I wasn't short like old Warren. He may be smart at buying companies but being short the dollar under such circumstances wasn't brainy stuff.


19 posted on 03/04/2006 8:01:30 AM PST by groanup (Shred for Ian)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Liz

This is from CBS, it hard to know who to believe, even on something as straight forward as this.

"Billionaire investor Warren Buffett said Saturday in his annual letter to shareholders of Berkshire Hathaway Inc. that his holding company's net worth grew by $5.6 billion in 2005, which he dubbed "a decent year."

That increased class A and B per-share book value 6.4 percent, beating the S&P gain of 4.9 percent for the year."

I think we need a couple other sources, or a press release from Buffet that hasn't gone through any newsroom that would alter it.


20 posted on 03/04/2006 8:03:51 AM PST by Balding_Eagle (Free Republic, the newspaper I can talk back to!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ncountylee

Buffett owns the Buffalo News, the biggest paper in Erie County, and as liberal as you can get. In fact, it started Tom Toles on his road to infamy with his disgusting cartoon of a soldier with no arms and legs.


21 posted on 03/04/2006 8:04:57 AM PST by kitkat
[ Post Reply | Private Reply | To 12 | View Replies]

To: ccmay
I'm thinking they both got waxed on their dollar shorts. soros finds it hard to actually be God; it's much easier just to claim you're God.
22 posted on 03/04/2006 8:12:06 AM PST by the invisib1e hand ("Who is it, really, making up your mind?")
[ Post Reply | Private Reply | To 3 | View Replies]

To: Liz

As soon as people heard him making commie noises, they should have taken their money and run.


23 posted on 03/04/2006 8:12:35 AM PST by Galveston Grl (Getting angry and abandoning power to the Democrats is not a choice.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz

So? He became THE Warren Buffett by being right in maybe 55% of his investment decisions. Were it 95-100%, then it would be "planet Earth - Warren Buffett, sole proprietor". So what is, or could be, more natural than him occasionally making the wrong business move? His decisions are calculated ones, and either his info could be incomplete or erroneous, or he could miscalculate. Happens even to the best of us - even to Warren Buffett.


24 posted on 03/04/2006 8:18:42 AM PST by GSlob
[ Post Reply | Private Reply | To 1 | View Replies]

To: xJones

Cheapskate (grin).


25 posted on 03/04/2006 8:22:47 AM PST by Liz (Liberty consists in having the power to do that which is permitted by the law. Cicero)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Liz
The only thing that would this story even better, is if they reported that buffet was suffering from stress induced shingles, and hemorrhoids the size of cabbages!

LLS
26 posted on 03/04/2006 8:24:19 AM PST by LibLieSlayer (Preserve America... kill terrorists... destroy dims!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Screamname; Oystir; Balding_Eagle

Did Warren never hear of The Sarbanes-Oxley Act (/sarc)?


27 posted on 03/04/2006 8:25:32 AM PST by Liz (Liberty consists in having the power to do that which is permitted by the law. Cicero)
[ Post Reply | Private Reply | To 8 | View Replies]

To: kitkat

"Buffett owns the Buffalo News, the biggest paper in Erie County, and as liberal as you can get. In fact, it started Tom Toles on his road to infamy with his disgusting cartoon of a soldier with no arms and legs."

The things we learn on FR. Toles is one of the biggest hate America, Christians, Rebublics and our military maggots in America.


28 posted on 03/04/2006 8:26:25 AM PST by Grampa Dave (Visit Free Republic to enjoy shameless Schadenfreude as the lies of liberals are exposed!)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Liz

Betting against Bush and America. Any wonder why he & $oro$ wanted Kerry and the Dinos to win the election?

Pray for W and Our Freedom Fightes


29 posted on 03/04/2006 8:26:55 AM PST by bray (GW protects Americans while DinocRats protect Al Queda)
[ Post Reply | Private Reply | To 1 | View Replies]

To: groanup
do you trade the dx?

idealogical positions are too easy to marry. soros seems at times to be blinded by his own genius.

30 posted on 03/04/2006 8:29:53 AM PST by the invisib1e hand ("Who is it, really, making up your mind?")
[ Post Reply | Private Reply | To 19 | View Replies]

To: Liz

The old gasbag let his left-wing friends talk him into betting against the US, and it cost him dearly. No problem. He'll just make more.


31 posted on 03/04/2006 8:30:23 AM PST by IronJack
[ Post Reply | Private Reply | To 1 | View Replies]

To: Semi Civil Servant

What's the discount on a 100 shares??

Pray for W and Our Freedom Fighters


32 posted on 03/04/2006 8:30:26 AM PST by bray (GW protects Americans while DinocRats protect Al Queda)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Leisler; ncountylee; ccmay; Mamzelle
Buffett is a leftist greed head Democrat always betting against America. Think Soros without the accent. Soros is and has been taking it in the neck for the last few years. I expect him soon to become a Venezuelan citizen. This will make his what, 5th "I swear I love this country" move? ...............Couldn't happen to a finer fellow. I hope George Soros is getting clobbered too....... Having been convicted of stock manipulation (France), Soros should be stripped of citizenship and deported.

All allusions to Soros make my day. Many thanks to one and all.

33 posted on 03/04/2006 8:32:37 AM PST by Liz (Liberty consists in having the power to do that which is permitted by the law. Cicero)
[ Post Reply | Private Reply | To 4 | View Replies]

To: LibLieSlayer

O-o-o-o that's gonna smart.


34 posted on 03/04/2006 8:34:53 AM PST by Liz (Liberty consists in having the power to do that which is permitted by the law. Cicero)
[ Post Reply | Private Reply | To 26 | View Replies]

To: Liz

There is an incredible amount of confusing data about BH coming out. The report below shows a massive increase in profit for BH. Of course this is Market Watch which was owned by CBS and still has a ton of liberal maggots getting a paycheck.

Also of interest is BH owns 18% of the Washington Post. I wonder how many other left wing fishwraps BH owns. The left wing newspaper where Toles works is one.

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B37649E6A%2D989C%2D4756%2D84B5%2D137102D0436F%7D&siteid=yhoo

Berkshire earnings zoom 54% in quarter

By Mark Cotton, MarketWatch
Last Update: 10:48 AM ET Mar 4, 2006


NEW YORK (MarketWatch) -- Berkshire Hathaway Inc. said Saturday its fourth-quarter profit surged 54% despite heavy payouts to hurricane-related claims.
"We estimate our loss from Katrina at $2.5 billion - and her ugly sisters, Rita and Wilma, cost us an additional $.9 billion," said Berkshire Hathaway's Chief Executive

Officer Warren Buffett in his annual letter to shareholders. Read Buffett's letter to shareholders
The Omaha, Neb.-based holding company reported net income for the fourth quarter of $5.1 billion, or $3,330 a share. Revenue shot up 27% to $25.37 billion.

For 2005, Berkshire Hathaway posted a 16.6% rise in net profit of $8.5 billion, or $5,538, a share, up from $7.31 billion, or $4,753 a share, last year. Revenue rose 9.6% to $81.6 billion from $74.75 billion in 2004.
Insurance

In Berkshire's (BRKA : berkshire hathaway inc del cl a
News , chart, profile, more
Last: 87,490.00+490.00+0.56%

3:51pm 03/03/2006
Add to portfolio
Analyst
Create alertInsider
Discuss
Financials
Sponsored by:
BRKA87,490.00, +490.00, +0.6%) (BRKB : berkshire hathaway inc del cl b
News , chart, profile, more
Last: 2,911.40+18.40+0.64%

4:00pm 03/03/2006
Add to portfolio
Analyst
Create alertInsider
Discuss
Financials
Sponsored by:
BRKB2,911.40, +18.40, +0.6%) insurance group, the company booked an underwriting profit of $53 million in 2005, down from $1.6 billion a year ago.

The sharp decline in profit is due to a $334 million underwriting loss at its General Re unit and a $1.07 billion loss at B-H Reinsurance as a result of the payouts linked to damage caused by the hurricanes that battered the Gulf Coast and Florida in 2005.

These losses were partially offset by a rise in underwriting profits at its GEICO car insurance unit. In 2005, profit rose to $1.22 billion from 970 million a year ago.

Auto policies in force grew by 12.1% at GEICO, a gain increasing its market share of U.S. private passenger auto business from about 5.6% to about 6.1%.

"When Berkshire acquired control of GEICO in 1996, its annual advertising expenditures were $31 million. Last year we were up to $502 million. And I can't wait to spend more," said Buffett.

Acquisitions
Berkshire said it now holds a 12.2% stake (WFC : Wells Fargo & Company
News , chart, profile, more
Last: 63.82-0.02-0.03%

4:01pm 03/03/2006
Add to portfolio
Analyst
Create alertInsider
Discuss
Financials
Sponsored by:
WFC63.82, -0.02, 0.0%) in American Express Co. and (AXP : American Express Company
News , chart, profile, more
Last: 53.75-0.03-0.06%

4:01pm 03/03/2006
Add to portfolio
Analyst
Create alertInsider
Discuss
Financials
Sponsored by:
AXP53.75, -0.03, -0.1%) , an 8.4% stake in Coca-Cola Co. (KO : The Coca-Cola Company
News , chart, profile, more
Last: 41.80-0.11-0.26%

4:02pm 03/03/2006
Add to portfolio
Analyst
Create alertInsider
Discuss
Financials
Sponsored by:
KO41.80, -0.11, -0.3%) .
Among its other significant shareholdings, Berkshire Hathaway holds an 18% stake in The Washington Post, a 16.2% stake in Moody's Corporation and a 16% stake in White Mountains Insurance.

Buffett said his company has also substantially increased its holdings in Wells Fargo Co. and established a 5.6% stake in Anheuser-Busch (BUD : Anheuser-Busch Companies, Inc.
News , chart, profile, more
Last: 41.22-0.15-0.36%

4:02pm 03/03/2006
Add to portfolio
Analyst
Create alertInsider
Discuss
Financials
Sponsored by:
BUD41.22, -0.15, -0.4%) and 0.5% stake in Wal-Mart Stores Inc. (WMT : Wal-Mart Stores, Inc.
News , chart, profile, more
Last: 45.33+0.27+0.60%

4:00pm 03/03/2006
Add to portfolio
Analyst
Create alertInsider
Discuss
Financials
Sponsored by:
WMT45.33, +0.27, +0.6%) . Berkshire holds a 5.7% stake in Wells Fargo.
Buffett cautioned his investors not to expect "miracles" from Berkshire's equity portfolio.

"The likelihood is that their per-share earnings, in aggregate, will grow 6% to 8% per share over the decade and that stock prices will more or less match that growth."

The price of Berkshire Hathaway's A-listed shares (BRKA : berkshire hathaway inc del cl a
News , chart, profile, more
Last: 87,490.00+490.00+0.56%

3:51pm 03/03/2006
Add to portfolio
Analyst
Create alertInsider
Discuss
Financials
Sponsored by:
BRKA87,490.00, +490.00, +0.6%) rose $490 Friday to close at $87,490. The company's B-listed shares (BRKB : berkshire hathaway inc del cl b
News , chart, profile, more
Last: 2,911.40+18.40+0.64%

4:00pm 03/03/2006
Add to portfolio
Analyst
Create alertInsider
Discuss
Financials
Sponsored by:
BRKB2,911.40, +18.40, +0.6%) added $18.40 to $2,911.40.
"Berkshire had a decent year in 2005," Buffett said in his annual letter to shareholders.


35 posted on 03/04/2006 8:35:07 AM PST by Grampa Dave (Visit Free Republic to enjoy shameless Schadenfreude as the lies of liberals are exposed!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Grampa Dave

Nice eye-opening contribution to the thread---thanks.


36 posted on 03/04/2006 8:37:17 AM PST by Liz (Liberty consists in having the power to do that which is permitted by the law. Cicero)
[ Post Reply | Private Reply | To 35 | View Replies]

To: Leisler

"BH is not Warren Buffett. Buffett has investments outside of BH, of which he got hammered."

Wrong BH is Warrent Buffet. Buffet has essentially all of his money in BH. Buffet takes a salary of (I believe) 100,000 and leaves everything else in BH.


37 posted on 03/04/2006 8:38:47 AM PST by jimbergin
[ Post Reply | Private Reply | To 7 | View Replies]

To: Liz
"Money always returns to its rightful owners."
--- Wall Street axiom
38 posted on 03/04/2006 8:39:06 AM PST by the invisib1e hand ("Who is it, really, making up your mind?")
[ Post Reply | Private Reply | To 1 | View Replies]

To: the invisib1e hand
do you trade the dx?

And the fv, tn, ty. Some days better than others. LOL.

39 posted on 03/04/2006 8:42:45 AM PST by groanup (Shred for Ian)
[ Post Reply | Private Reply | To 30 | View Replies]

To: groanup

why the dx and not the currencies? what you think of electronic dx?


40 posted on 03/04/2006 8:44:27 AM PST by the invisib1e hand ("Who is it, really, making up your mind?")
[ Post Reply | Private Reply | To 39 | View Replies]

To: the invisib1e hand
"Money always returns to its rightful owners."

Great quote. And:

"A fool and his money were lucky to get together." A friend of mine.

41 posted on 03/04/2006 8:44:31 AM PST by groanup (Shred for Ian)
[ Post Reply | Private Reply | To 38 | View Replies]

To: Grampa Dave
There is an incredible amount of confusing data about BH coming out. The report (above) shows a massive increase in profit for BH. Of course this is Market Watch which was owned by CBS and still has a ton of liberal maggots getting a paycheck. Also of interest is BH owns 18% of the Washington Post. I wonder how many other left wing fishwraps BH owns. The left wing newspaper where Toles works is one.

Thanks for those salient facts.

Two points----BH's gotta dish out the "gold at the end of the rainbow PR" to look good for the Wall Street analysts---b/c in the last analysis---like the losing NYT giving know-nothing Pinch a raise and a bonus---this looks good to stockholders.

If s/h lose confidence and bail out-----disaster looms.

42 posted on 03/04/2006 8:45:08 AM PST by Liz (Liberty consists in having the power to do that which is permitted by the law. Cicero)
[ Post Reply | Private Reply | To 35 | View Replies]

To: Galveston Grl

Do you feel the same way about Wal-Mart?


43 posted on 03/04/2006 8:45:29 AM PST by em2vn
[ Post Reply | Private Reply | To 23 | View Replies]

To: Liz

bump for later...didn't Buffet essentially bet on the downfall of the US?


44 posted on 03/04/2006 8:47:07 AM PST by Mamzelle
[ Post Reply | Private Reply | To 1 | View Replies]

To: the invisib1e hand

The dx basket trades a little smoother than the individual currencies. Less wear and tear on these old dinosaur bones. I don't really trust the electonic dx. It trades on the Irish exchange so I usually don't put in overnight stops. I don't like that either. I trade the interest rates much more often.


45 posted on 03/04/2006 8:47:39 AM PST by groanup (Shred for Ian)
[ Post Reply | Private Reply | To 40 | View Replies]

To: groanup; Invisible_hand

.....and my personal fave....

"Be careful who you step on on the way up, b/c you're gonna meet them on the way down."


46 posted on 03/04/2006 8:47:44 AM PST by Liz (Liberty consists in having the power to do that which is permitted by the law. Cicero)
[ Post Reply | Private Reply | To 41 | View Replies]

To: Mamzelle

You got that right.


47 posted on 03/04/2006 8:48:38 AM PST by Liz (Liberty consists in having the power to do that which is permitted by the law. Cicero)
[ Post Reply | Private Reply | To 44 | View Replies]

To: Liz

I used to work with a trader who, when he got bearish, would stomp around the trading floor yelling, "sell until you puke or puke until you sell!" LOL.


48 posted on 03/04/2006 8:52:53 AM PST by groanup (Shred for Ian)
[ Post Reply | Private Reply | To 46 | View Replies]

To: Redbob
If you'd have bot in APR of 03...BRKA shares were selling in the 60k range....Seems if memory serves me...BRKA shares sold for under 20k..a year or three before that.

Correct me if I'm wrong....

FRegards,

49 posted on 03/04/2006 8:54:24 AM PST by Osage Orange (Credere et Peristere)
[ Post Reply | Private Reply | To 11 | View Replies]

To: groanup

Isn't he the one who wore the tee shirt printed with the legend: "There's a sucker born every minute"?


50 posted on 03/04/2006 8:55:25 AM PST by Liz (Liberty consists in having the power to do that which is permitted by the law. Cicero)
[ Post Reply | Private Reply | To 48 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-68 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson