Kit Menkin’s Leasing News

www.leasingnews.org  Tuesday August 27, 2002

Accurate, fair and unbiased news for the equipment Leasing Industry

--posted daily at www.leasingnews.org---

Monday Leasing news posted at 3:21 pm PDT

 

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Pictures from the Past 

Fall, 2000  

                            

Theresa Kapot, CLP-Kabot Commercial Leasing and Dean Visonhaler-Santa Barbara Bank and Trust.

Classified Ads  here are four from:

http://65.209.205.32/LeasingNews/JobPosting.htm

 

Contract Administrator: Schaumburg, IL

10 yrs. small/mid-ticket leasing. Proficient in documentation, funding and legal. Worked with brokers, portfolio purchases, vendor programs, municipal transactions. prefer to stay in Suburban Illinois. Email:sophie1900@msn.com

 

Credit: Los Angeles, CA

Over 15 years experience in Credit/Operations with Small Ticket and transactions up to $500,000.00. CLP, with excellent relationships with most major lenders. Email:jonbh123@earthlink.net

 

Credit: Columbia, SC

Seasoned senior credit professional with 14 years experience in small ticket. Strong analytical skills, spreadsheet proficiency, all types financials, tax returns. Looking for new career in Southeast/Mid Atlantic Email:lrport2001@yahoo.com

 

Credit: Hayward, CA.

Versatile/ creative senior financial executive w/ extensive experience in varied areas of the commercial lending environment. Strong written/ oral skills with a results-oriented team-player attitude. Email: daveschultz9@aol.com

 

 

Headlines---

 

First Q Loss for HP/Compaq

   GE likely to acquire companies, analyst says

    Equipment Leasing is Now #10 on Scam List

      Assets of PinnFund/PinnLease ex-exec to be auctioned

         RW Professional Leasing---Up-date          

             ****Anti-Virus Information****

                Consumer Confidence Falls Sharply

                     NTT Leasing Joins Bertelsmann,Intel, France Telecom, Mitac

                          Streamlined Sales Tax Project Meeting Sept 26-27

                                Intel Sees Modest Growth

                                  News Briefs---

                                     Sports Brief----plus

            Sportsline.com  Top ten Football Games to Watch This Season

 

### Denotes Press Release

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HP-Compaq Loss of $2.03 Billion First Quarter

 

By Christopher Menkin

 

For the three months ended July 31, the company lost $2.03 billion, or 67 cents per share, compared to what would have been a loss of $116 million, or 4 cents a share, for the companies had they been together in the same period last year.

 

 

Excluding a $2.4 billion adjustment mostly related to the merger, HP earned $420 million, or 14 cents per share, compared with $320 million, or 11 cents per share, by the companies a year ago. Revenue was $16.5 billion, down about 11 percent from $18.6 billion reported by the companies a year ago. The press release puts

a more positive spin on the first results of the merger.

 

Using “smoke and mirrors”, it is still too early to say, as the full results of the

merger may not be known until the year-end, and if Christmas is soft as Intel,

AMD, and other are predicting for technology companies, this too, includes

HP-Compaq.

 

For more information, to go financial newspapers who will  cover this

much more in depth than Leasing News. We do know that HP Financial

is very interested in technology business and is extremely aggressive

in the marketplace.

 

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HP Reports Q3 2002 Results

 

PALO ALTO, Calif.----Hewlett-Packard Company (NYSE:HPQ)

 

--  Revenue of $16.5 Billion

 

--  Pro Forma Gross Margin Increases to 25.7%

 

--  Pro Forma EPS of $0.14

 

--  Met All Quarterly Integration Milestones, Second-half Goals on

 

Track

 

--  Affirms Current Q4 Consensus Estimates

 

--  GAAP EPS of ($0.67); Includes $1.6B Restructuring and $1.4B

 

Other Merger-related Charges

 

HP (NYSE:HPQ) today reported financial results for its third fiscal quarter ended July 31, 2002. This is the company's first earnings report that includes the merger transaction with Compaq Computer Corp., which was completed May 3, 2002. (Results and comparisons in this release are stated on a combined company basis and reflect Compaq's prior fiscal quarter results as if combined with HP at the start of HP's prior fiscal quarters.

 

The company reported third quarter revenue of $16.5 billion, compared to $18.2 billion on a combined company basis in the prior quarter. Sequentially, combined company revenue declined 9%, while pro forma gross margin increased from 25.5% to 25.7%. Pro forma operating expenses were up sequentially from 21.0% to 22.5% of net revenue, reflecting normal seasonality and merger-related sales training and product rollouts. Operating expenses were down 10% year over year, equivalent to $400 million on an absolute dollar basis....

 

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GE likely to acquire companies, analyst says

 

( actively looking at leasing portfolio's, especially

  if they can "steal" the assets or company. Know

  one GE reader who's job is to look at $1 billion

  portfolio's and contacted me for a referral. editor )

 

By John Christoffersen, Associated Press

 

STAMFORD, Conn. (AP) General Electric Co. is likely to make a few billion-dollar acquisitions in the coming months and may sell businesses such as appliances and lighting, an analyst said Tuesday.

 

With distressed companies looking to make quick sales, GE is in a strong position to buy some of their assets, said Nicholas Heymann, an analyst with Prudential Securities Inc. in New York.

 

''We have companies selling assets to raise funds to stay in business,'' Heymann said. ''When there is a credit squeeze, GE has the resources to help them meet the squeeze.''

 

Heymann predicted GE would make two or three acquisitions in the $3 billion to $5 billion range involving industrial, transportation or medical equipment businesses. He also said the Fairfield-based conglomerate might sell a few businesses, with potential divestiture candidates including Employers Reinsurance Co. and the appliances and lighting divisions.

 

''The portfolio is in a state of enhancement,'' Heymann said. ''It's a period of refining your portfolio of assets such that they can create greater value.''

 

GE officials would not comment on possible acquisitions or divestitures. But GE Chief Executive Jeffrey Immelt has said the current valuations of businesses make it a good time for acquisitions.

 

GE's commercial-finance unit is in talks to buy part of ABB Ltd.'s leasing and financing business in a deal that some analysts said may be valued at as much as $3.1 billion, The Wall Street Journal reported Tuesday.

 

The GE unit would acquire about 80 percent of the leasing and loan portfolio held by Zurich-based ABB's structured-finance subsidiary, The Journal said, citing people familiar with the matter.

 

GE and ABB officials declined to comment on the report.

 

''Of course the structured finance business is up for sale and we are looking to sell it in the current quarter,'' said ABB spokesman Thomas Schmidt. ''There are several interested parties and we are in talks, but we cannot say that we will sell the business until the end of the quarter. We do not comment on market speculation.''

 

Heymann said such a deal makes sense because it would help ABB reduce its debt of $5.2 billion to about $2.6 billion by the end of the year.

 

The ABB unit provides loans to companies for infrastructure projects and leases office equipment and vending machines.

 

The acquisition could boost GE's presence in Europe. The European Union last year blocked GE's proposed $45 billion acquisition of Honeywell International Inc.

 

The ABB deal would be the first since GE announced in July that it would split GE Capital in Stamford into four separate businesses: equipment management, insurance, commercial finance and consumer finance. The move was designed to improve transparency and streamline management.

 

Shares of GE stock were trading Tuesday afternoon on the New York Stock Exchange at $32, down 7 cents.

 

On the Net: http://www.ge.com

 

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Equipment Leasing is Now #10 on Scam List

 

By DAVID HO

The Associated Press

 

10. Equipment leasing. While the majority of equipment leasing deals are legitimate, thousands of investors have been scammed by individuals selling interests in payphones, ATMs or Internet kiosks. In a typical equipment leasing scam, a company sells a piece of equipment through a middleman. As part of the sale, the company agrees to lease back and service the equipment for a fee. Investors are promised high returns with little or no risk. But state regulators say high commissions paid to salesmen and promised returns that are unrealistically high doom many projects. In North Carolina, regulators took action against an individual who sold an Internet kiosk to an investor for $24,950, promising a 17 percent return. The individual had previously sold payphone leases to investors from a company that later filed for bankruptcy.

 

WASHINGTON (AP) - Hard times on Wall Street have spawned more con artists who prey on shaken investors with promises of easy money, state securities regulators said Monday.

 

Scams involving unscrupulous stockbrokers and financial analysts with conflicting interests are for the first time among the top 10 investment frauds listed by the North American Securities Administrators Association. Fraudulent oil and gas investments and schemes involving charitable gift annuities also joined the annual list.

 

``Con artists know investors are concerned about the volatile stock market,'' said Joseph Borg, president of the group known as NASAA. ``They pitch their scams as offering high returns with no risk - an impossible combination.''

 

To avoid scams, investors should check with state regulators to make sure an opportunity is legitimate and must use common sense, Borg said at a news conference.

 

``If it sounds too good to be true, it probably is,'' he said.

 

The regulators ranked the frauds and risky investments they are fighting by how often they occur and their impact. It is the fourth list from NASAA, which represents securities regulators in the 50 states, the District of Columbia, Puerto Rico, Canada and Mexico.

 

The top-ranked scam for 2002 involved unlicensed individuals, such as independent insurance agents, selling securities. Borg said most agents are honest, but too many are lured by high commissions into selling high-risk or fraudulent investments.

 

The regulators ranked deceptive stockbrokers at No. 2., saying ``the declining stock market has caused some brokers to cut corners or resort to outright fraud.''

 

Last year, North Dakota's securities commissioner yanked the licenses of two brokers, saying they squandered millions by making speculative investments without their clients' permission. The brokers were affiliated with H.D. Vest Investment Services Inc., an Irving, Texas, firm that in December settled with regulators and agreed to repay customers more than $3.2 million.

 

Analyst research conflicts came in third on the regulators' list. State investigators are probing whether some analysts issued glowing research reports and made buy recommendations to win investment-banking business, NASAA said.

 

Merrill Lynch & Co., the nation's biggest brokerage, agreed in May to pay a $100 million fine and revamp its stock research practices in a settlement with the New York attorney general's office, which had charged that the firm's analysts were misleading investors for personal gain.

 

The other seven top investment frauds, in order, are:

 

Promissory notes, which typically involve loans to companies made by investors in exchange for a fixed amount of periodic income. Legitimate corporate promissory notes are not usually sold to the public and some schemes are fraudulent.

 

Prime bank schemes that promise investors risk-free, triple-digit returns on debt notes said to be guaranteed by the world's biggest banks.

 

Viatical settlements, which, when done legally, involve buying into the insurance policies of the terminally ill, who get a portion of the money to help with medical bills. The investor is supposed to get paid when the person dies, but in some fraudulent cases the policyholders aren't really dying or don't even exist.

 

Affinity fraud investing schemes that target religious, ethnic and professional groups and are performed by members of the groups who use their common backgrounds to gain trust.

 

Charitable gift annuities, in which a donor gives cash or stock to a charity in return for lifetime fixed payments based on age - the older the donor, the larger the payment. Regulators said investors should be cautious of little-known organizations offering such investments.

 

Oil and gas schemes, including investments in fraudulent operations or wells that don't produce.

 

Leasing scams involving telephones, automated teller machines and Internet kiosks.

 

On the Net:

Full list with details is available from:

North American Securities Administrators Association: http://www.nasaa.org

 

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Assets of PinnFund/PinnLease ex-exec to be auctioned

  

By Mike Freeman

 

 

UNION-TRIBUNE STAFF WRITER

 

Federal authorities plan to auction expensive wine, jewelry and coins seized from the Ramona house of John D. Garitta, the former PinnFund USA chief financial officer who pleaded guilty last week to securities fraud charges.

 

Merchandise to be sold at the auction Thursday includes more than 400 bottles of wine worth an estimated $163,000, $480,000 in jewelry and gems, and $19,000 in collectible coins. The auction will be held in Rancho Dominguez in the Los Angeles area.

 

The Internal Revenue Service seized the items when authorities raided Garitta's home in January, said Tami Stine, special agent for the IRS.

 

"This was actually PinnFund money that was used to purchase these assets," Stine said.

 

Carlsbad-based PinnFund collapsed in March 2001 after the U.S. Securities and Exchange Commission filed a securities fraud lawsuit against the mortgage lender and individuals linked to the company.

 

Former PinnFund chief executive Michael Fanghella has spent a year behind bars awaiting sentencing after pleading guilty to fraud charges. About $330 million was taken from investors in the Ponzi scheme, in which new investor money was returned to earlier investors in the form of monthly payments.

 

Investors have filed a lawsuit against accounting firms that audited various money-raising entities that supplied PinnFund with funds. The lawsuit seeks $300 million, plus punitive damages.

 

The SEC earlier settled with PinnFund's chief money raiser, James Hillman of Oakland, and with Fanghella's former girlfriend, Kelly Cook.

 

Garitta admitted to money laundering, tax evasion and conspiracy to commit wire fraud. He faces 11 to 14 years in prison. Garitta has pledged to cooperate with the investigation, and he could get less time in prison if his cooperation is satisfactory, authorities said.

 

Stine said the IRS does not know how much money the auction will bring in. A judge will decide who will get the proceeds.

 

"But ultimately we would want to get this money back to defrauded investors," Stine said.

 

Merchandise seized from Garitta is just part of what will be sold at the auction, set for 9 a.m. Thursday at EG&G Technical Services warehouse, 2332 E. Pacifica Place, Rancho Dominguez. Auction previews and registration will be from 9 a.m. to 4 p.m. today and Wednesday. For information, visit http://www.treas.gov/auctions/ customs/

 

 

Mike Freeman: (760) 476-8209; mike.freeman@uniontrib.com

 

http://www.leasingnews.org/docs/Pinn_1.htm

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RW Professional Leasing---Up-date

 

“Amex folks say they are under a gag order and CIT legal folks are not

talking.  Looks like the world has come to a halt until the FBI issues a

statement.”

 

http://www.leasingnews.org/Conscious-Top%20Stories/RW_stories.htm

 

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****Anti-Virus Information****

 

Perhaps you may not receive Leasing News as every time we try to send out

information about a ****virus making the rounds, many companies “filter” out

the name of the virus and delete the e-mail, as if the virus is in the e-mail.

 

In this case, the actual name has **** around it, hoping it may fool the filter.

(will find out the hard way.)

 

Were you hit with the ****W32**** KLEZ**** virus recently?  I remember having read that you were hit with something, and recently we have been receiving numerous infected messages from other leasing companies.

 

I know the ****KLEZ**** assumes various names in your system as the “sender” of the message so it is hard to actually identify the real sender, but once again

they have all be leasing companies.

 

 

If that is what happened, maybe you can circulate information about it in

case other companies have gotten hit.  I know First Federal Financial has,

so there may be others.

 

 

Thanks

Christopher Simpson

chris@creditleaseonline.com

CreditLease, Inc.

 

(This is a tricky devil, and maybe a scan of your system will not pick it up.

Here is a link for a specific scan of your computer, put out by Symantec.

You don’t need their anti-virus program to run it.  You need to run it on

each of your workstations, unfortunately.  You can put on a network drive

and go from station to station.  Copy and paste and then open it, and press

start. If you have this specific virus hidden, Symantec says it will find

it and eliminate it.  It is only for this specific virus. Editor )

 

http://securityresponse.symantec.com/avcenter/FixKlez.com

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Consumer Confidence Falls Sharply

 

By Brad Foss

 

AP Business Writer

 

 

NEW YORK –– Consumer confidence fell sharply for the second month in a row in August, declining to its lowest level since November 2001, a private research group reported today.

 

The New York-based Conference Board said its Consumer Confidence Index fell to 93.5 from a revised 97.4 in July. Analysts had been expecting a reading of 97.0.

 

The industry group's index, based on a monthly survey of some 5,000 U.S. households, is closely watched because consumer confidence drives consumer spending, which accounts for about two-thirds of the nation's economic activity.

 

Lynn Franco, director of The Conference Board's Consumer Research Center, called August's decline "a strong signal that business conditions have yet to turn around. It also suggests that consumer spending is not likely to gain momentum any time soon."

 

The index compares results to its base year, 1985, when it stood at 100.

 

 

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NTT Leasing Joins Bertelsmann, Intel, France Telecom and Mitac as a Shareholder in Envivio, a Leading MPEG-4 Broadcast and Streaming Solutions Provider

 

 

SOUTH SAN FRANCISCO, Calif.--

 

Envivio's $15 Million Second Round of Financing is Complete

 

Envivio Inc., a leading provider of end-to-end MPEG-4 broadcast and streaming solutions, announced today that it has secured an investment from NTT Leasing Co. Ltd., the investment arm and a strategic business development partner of NTT Group Companies. NTT Leasing joins other strategic, corporate investors Bertelsmann, France Telecom, Intel Capital, and Harbinger Ventures, a venture fund affiliated with the Mitac/Synnex group.

 

Envivio has created leading high quality MPEG-4 broadcast and streaming solutions for the professional media industry. MPEG-4 is the latest international standard for rich media communication and has been widely adopted by broadband, satellite and cable network operators, corporations, post-production facilities and content developers around the world.

 

"We believe that MPEG-4 will be the dominant digital media format in broadcast, streaming and wireless markets," said Muneharu Yamamoto, Executive Vice President and General Manager of Strategic Technology Investment Department, NTT Leasing Co. Ltd. "Envivio is clearly the leader in this market given its first-to-market product line, existing customer base and management experience in MPEG-4. We are confident that Envivio will become the vehicle for NTT group companies to deliver business solutions based on MPEG-4 to Japan's broadband and digital broadcast infrastructure."

 

"NTT Group is an important strategic partner for Envivio," said Jonathan Fram, CEO of Envivio. "Our diverse, global partners will ensure that Envivio will lead the industry as MPEG-4 is adopted throughout the world."

 

The proceeds from this financing will be used to further develop Envivio's suite of MPEG-4 products, and expand engineering, marketing and sales channel and customer support capabilities.

 

About Envivio

 

Envivio is a leading provider of complete MPEG-4 solutions consisting of a rich set of integrated streaming media tools and systems: high performance audio and video, two-dimensional graphics and animation, providing a rich interactive user experience. The company has established itself as the most experienced creator of high-quality MPEG-4- solutions that enable broadcasters, network operators and content developers to build new revenue streams and utilize the efficiencies of delivering content to the full range of MPEG-4 capable devices. The Envivio Solution includes various components to create, encode, protect and distribute MPEG-4 content: the Envivio Encoding Station for offline encoding and protection of MPEG-4 audio and video, the Envivio Broadcast Studio for authoring complete MPEG-4 applications, the Envivio plug - in to the RealSystem Server, to distribute MPEG-4 content over the Web and broadcast networks, and the EnvivioTV(TM) plug- in to the RealOne Player and RealPlayer, QuickTime, and Windows Media Player to retrieve and playback MPEG-4 content. EnvivioTV(TM) is also being customized for various set-top box manufacturers. For further information, visit www.envivio.com.

 

About NTT Leasing Co. Ltd.

 

NTT Leasing Co. Ltd. was established in 1985 as the first affiliate of NTT, which provides long distance and international telecommunications spanning over 200 countries worldwide. NTT Leasing offers various business services; leasing and installment, credit card and finance. In addition, their Strategic Technology Investment Department seeks out venture companies domestically and internationally with excellent technologies and provides them with financial and business development. For further information, visit www.nttl.co.jp

 

All trademarks used herein, whether recognized or not, are the properties of their respective companies.

 

CONTACT:

 

Envivio

 

Lori Smith Docherty, 650/875-3003 (Media)

 

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Streamlined Sales Tax Project Meeting Sept 26-27

 

The next meeting of the Streamlined Sales Tax Project will be held in Milwaukee, Wisconsin on September 26-27.  The meeting will consist of a "Government only" work session on the morning of September 26, breakout work groups on the afternoon of the 26th and the morning of the 27th, and a Project meeting on the afternoon of the 27th. The meeting will be at the Hyatt Regency Milwaukee.  Due to some contract processing issues, however, it will not be until mid-week that Project officials can make a formal announcement and start the meeting registration/hotel reservation process.

 

The Streamlined Sales Tax Implementing States will not be meeting in conjunction with the Project. Implementing States is meeting separately the Adam's Mark Hotel Philadelphia on Thursday and Friday, September 12 and 13. 

 

Dennis Brown DBROWN@ELAMAIL.COM

 

 

please send to a colleague as we are trying to build our readership.

 

 

Intel Sees Modest Growth

 

By Wong Choon Mei

 

PENANG, Malaysia (Reuters) - Intel Corp, the world's No. 1 chipmaker, said on Tuesday it expected modest growth in third-quarter earnings over the preceding quarter and would continue investing in new technology despite the weak market.

 

Intel Chief Executive Officer Craig Barrett gave his cold-eyed assessment of the market for chips while attending a hi-tech conference to mark the 30th anniversary of the setting up of Penang as Malaysia's hub for the industry.

 

"We see modest growth in the third quarter over the second quarter," Barrett told a news conference.

 

"But we haven't seen much improvement in the computing environment because companies are not investing. When it turns around will be when companies start re-investing, I'm not forecasting when that will happen."

 

 

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News Briefs----

 

Congressional Budget Office predicts more years of budget deficits

WASHINGTON (AP) Reduced tax collections, higher spending and a weaker economy all point toward federal budget deficits persisting for the next few years, congressional experts said Tuesday, a downbeat assessment likely to resonate in the campaign for control of Congress.

 

---

 

Amazon Expands Free Shipping Again

Based on results from its test of a $49 threshold, the giant online retailer experiments with a $25 minimum order size to qualify for free shipping.

 

--

 

Government clears painless diabetes monitor for children

WASHINGTON (AP) A wristwatch-looking device that uses tiny electric currents to painlessly monitor diabetics' blood sugar now is officially available for children to use. Adult diabetics looking foward to this device being

made available to them.

 

----

 

New York hotels filling up near ground zero, but languishing elsewhere in city

NEW YORK (AP) Hotels near the World Trade Center site are filling up for the anniversary of the terrorist attacks, but the rest of the city's hotel trade is languishing.

 

---

 

Recording industry reports further decline in CD buying

LOS ANGELES (AP) Compact disc music sales decreased 7 percent during the first half of the year, a further indication that online music sharing sites are hurting the recording industry, a trade group said yesterday.

--

 

Lobsters, caviar and brandy for MPs at summit on starvation

(online Sun )They are gorging on mountains of lobster, oysters and fillet steak at the Johannesburg conference — aimed at ending FAMINE.

Bigwig politicians among the 60,000 delegates, including Deputy PM John Prescott, also get vintage bubbly and brandy.  Taxpayers are footing the £500,000 bill for the 70-strong British party. Friends of the Earth called the extravagance “deplorable”.

 

--- 

BBC News

More than 70,000 people in Australia have declared that they are followers of the Jedi faith, the religion created by the Star Wars films.

A recent census found that one in 270 respondents - or 0.37% of the population - say they believe in "the force", an energy field that gives Jedi Knights like Luke Skywalker their power in the films.

Most of the 70,509 people who wrote Jedi on their census forms were suspected to have done so in response to an e-mail encouraging all Star Wars fans to get it recognised as an official religion.

Jedi Master Yoda: "You must feel the force around you"

But the majority do not seriously tell each other: "May the force be with you", according to Australian Star Wars Appreciation Society president Chris Brennan.
E-Mail Removal Form:  \http://65.209.205.32/LeasingNews/removalform.asp

 

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Sports Brief--

 

Belichick Says J. Anderson Not Quite Ready to Play Again

 

 

FOXBORO, Mass. (Aug. 27) -- Running back Jamal Anderson won't be part of the New England Patriots immediate plans, after all.

 

A day after Anderson's agent said a deal was all but done, coach Bill Belichick said Anderson won't be on the roster.

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Sportsline.com  Top ten Football Games to Watch This Season

 

Sept 9: Pittsburgh at New England -- In the first Monday night game, the Steelers have to face their demons. The Steelers were clearly the best team in the AFC last season, but choked away a chance at the Super Bowl when their special teams let them down in an AFC Championship loss to the Patriots. Steelers coach Bill Cowher has not let his players forget the sting of that loss. The Patriots went on to upset the Rams in the Super Bowl and now head into the season trying to repeat. They aren't being given much of shot. The skeptics say they fluked into winning it all. They also say quarterback Tom Brady could put his name next to the Starland Vocal Band -- the kings of the one-hit wonders. The Patriots will debut their new stadium for a national-TV audience against the Steelers. For a Week 1 game, this has a lot of subplots. By midnight of Sept. 9, we'll know if those demons inside the Steelers heads have been exorcised. Or are the Patriots for real?

 

October 5 St. Louis at San Francisco -- The Rams have beaten the 49ers six consecutive times after losing to the 49ers an amazing 17 in a row. The Rams won the division last season because they swept the 49ers, and their domination is a big reason why they are picked to win it again. Until the 49ers can beat the Rams, they are a team that is going to get questioned. In recent years, the 49ers have been unable to match up with the Rams receivers. To help improve in that area, the 49ers used a first-round pick on cornerback Mike Rumph. He is expected to be the nickel back, which means instead of getting caught with a safety matched up on the Rams' slot receivers, the 49ers will likely move starting corner Jason Webster inside in those situations, with Rumph outside. The key to beating the Rams, though, is always pressuring Kurt Warner. The 49ers have some young pass rushers up front, and if those guys elevate their games, the streak might come to an end. And there could be a passing of the torch in the NFC West.

 

 

October 13 Carolina at Dallas -- Why this game? The Cowboys and the lowly Panthers? Well, assuming Dallas running back Emmitt Smith averaged 87.5 yards a game -- his career mark -- this will be the game Smith passes Walter Payton and becomes the all-time leading rusher. Smith needs 540 yards to put his name atop the record books. He might get it sooner, or he might need another week, but the Panthers are on pace to be the opposition when history is made. The Cowboys might hope it's sooner. Then they could get Troy Hambrick on the field quicker, something that actually could make the Cowboys a better team. Hambrick is stronger and quicker than Smith. Until then, Smith will get the carries to break the record -- Jerry Jones wants it that way.

 

 

November 3 San Francisco at Oakland -- Aside from the fact these two organizations really don't like each other, both should be good. The 49ers are viewed as the cheese and wine team in the Bay Area, and the Raiders are the choice of the crazies. A Harley rider fits in far more going to the Oakland Coliseum than he would at a 49ers game. The Raiders play a mean, nasty game, and the 49ers have always been perceived as a soft, offensive-minded team. At this late stage of the season, both should be in the thick of their division races, which will give this one even more luster. Just a word of warning for 49ers fans attending the game: It might not be too good an idea to break out that vintage wine during a tailgate party wearing that Jeff Garcia jersey.

 

November 3 New England at Buffalo -- Bills quarterback Drew Bledsoe gets to face his old team for the first time. Although this won't have the same impact as when Bledsoe returns to Foxboro for the first time as an opposing quarterback (the Bills play at New England on Dec. 8), the first time is always special. The Patriots cut Bledsoe loose in a trade after it was decided Brady would be their quarterback. The Bills, in desperate need for quarterback help, were glad to scoop him up. They are raving about Bledsoe in Buffalo, and provided the Bills can stay healthy, he just might make them a playoff contender. Pats coach Bill Belichick is the master at planning defensive strategy, and you can bet he will come up with something interesting against his former player. Bledsoe wasn't exactly thrilled with the way he was treated at the end, forced to watch the Super Bowl as a spectator after years of good service, so he will be a little pumped.

 

November 10 Washington at Jacksonville -- This is the first regular-season game for Redskins coach Steve Spurrier in Florida. The game will be played 90 miles from where he made his coaching name at the University of Florida. His family lives just south of Jacksonville. Not only that, but the Jacksonville job is one Spurrier always had an eye on, even if he says otherwise. He used to tell beat writers at Florida what he thought about the Jaguars offense. And then when word got out he was interested in the NFL, Jags owner Wayne Weaver didn't even give him a sniff. On that very same day, Weaver went public with his news coach Tom Coughlin would be getting a one-year contract extension to help quell the Spurrier-to-Jacksonville talk. Many in Jacksonville think Weaver made a major PR blunder. The Jaguars needed a grocery chain to buy all remaining tickets from any home game to assure there would be sellouts. That is a big commitment, but this is at least one game in which the store can concentrate its money elsewhere. Spurrier is adored in north Florida, and the Redskins have a loyal following. Spurrier isn't one to forget, and he knows Weaver wanted no part of him. It's not nice to get on Steve's bad side, you know.

 

November 24 St. Louis at Washington -- The scoreboard should move up quicker than the stock market dropped. If you have a passing fancy, this one's for you. The game might take four hours to play, but if the score ends up 45-41, will anyone care? Spurrier and Rams coach Mike Martz are the NFL outcasts, two coaches who'd rather throw the ball 30 times and bring some excitement the game than watch a running back plod along to get 100 yards. They are a lot alike, too. Both have huge egos -- or so they say -- and both don't care who they offend with the way they play football. Run up the score? Oh well. There's one big difference, though. Martz has Kurt Warner. Spurrier has Danny Wuerffel. That's like trotting out a lounge singer to square off against Sinatra.

 

December 1 St. Louis at Philadelphia -- This rematch of the last season's NFC Championship Game will go a long way in determining whether the Eagles have done enough improving to get past the Rams. It might also decide home-field in the NFC. The Eagles have the physical defense that is needed to match up with the Rams. They also added some young, speedy secondary people to help combat the Rams' spread offense. This game, unlike the title game that was played inside, will be battled in some likely cold, windy conditions. There are those who say the Rams can't win in those conditions. So this will also be a proving ground of sorts for them. It doesn't come at a very good time for them, though. It is the middle game of a three-game road swing, following what should be that shootout with Spurrier's Redskins and before an in-state game with the Chiefs. But don't even say sandwich game. Both these teams know how big this one will be. You can bet they are eyeing it even now.

 

December 15  Green Bay at San Francisco -- The Packers knocked the 49ers out of the playoffs last year, after which 49ers receiver Terrell Owens complained he wasn't involved in the offense enough. He was right. Owens will provide a tough matchup for the Packers corners -- if he gets the ball. It's always good to see two outstanding quarterbacks play in what should be decent conditions this late in the season. Brett Favre against Jeff Garcia should be a treat. The Packers and 49ers have had some good games the past 10 seasons, and this one should follow that trend. It also might dictate NFC playoff seeding.

 

December 23 Pittsburgh at Tampa Bay -- Two of the league's nastiest defenses will get together in a Monday night game that should have major playoff implications. Last season, the Steelers went into Tampa Bay and dominated the Bucs. That led to Pittsburgh safety Lee Flowers going off in a locker-room tirade, saying the Bucs has disrespected the Steelers and that they were nothing more than "paper champions." Flowers, a loud, brash player who packs quite a thump, likely won't back down from his rips, but the Bucs likely aren't going to forget, either. If hard-hitting defensive football is your thing, this one is for you. And it's always good for doll sales near Christmas when the cameras catch Chucky Gruden wincing as if he needs a laxative a 1,000 times a game.

 

 

 ( Washington Redskins, Boston Patriots, San Diego Chargers---

Three to watch---Patriots were under dogs last year, but won the Superbowl.  They are still considered the underdogs. Tomorrow's game at Candlestick

will be interesting, if the 49ers first linebackers play especially. )

 

 

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