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...translation. As Vivendi switched to U.S. accounting rules, its net debt was restated upward from $13.1 billion to $17.1 billion. In January, Vivendi diluted shareholder equity by dumping 55 million shares on the market to help pay for recent acquisitions. Then last month the company announced a $13.7 billion write-down, confirming criticism that Messier had overpaid for his empire. That loss includes Vivendi's share of the $1.34 billion the company and its British partner Vodafone pumped into a snazzy Internet portal, Vizzavi, which Messier claimed would be revolutionary. Vizzavi is now practically worthless. To some, it was evidence...

Author: /time Magazine | Title: The French Rejection | 4/29/2002 | See Source »

...middle of it. I wrote a couple of screenplays, and they got very big, so I took the first act and made a movie out of that, but I swore to make the rest of the movie in three parts. In order to do that, I had to write a back story, so I said maybe I'll do the prequels...

Author: /time Magazine | Title: Director: So, What's the Deal with Leia's Hair? | 4/29/2002 | See Source »

...engineer and a homemaker, he studied film at New York University, and now lives a quiet life with his wife and young child outside Los Angeles. He doesn't go to parties or take meetings. "I do a lot of walking," says Kaufman, politely deflecting inquiries. "I walk and write. I walk and think, and then I stop and take out my pad and write something." And then he doesn't care if you buy his script or not, but it's going to be made the way he wants it made...

Author: /time Magazine | Title: Hollywood's New Flavor | 4/29/2002 | See Source »

Mozilla isn't perfect. It's not yet as user friendly as it could be, and don't even ask about tech support: there isn't any. It's also not bug free: in fact, as I write, the logs on Mozilla.org show that Mozilla's thousands of developers have found 113 bugs today alone, and as Jack Palance would say, the day ain't over yet. But even if Mozilla were a terrible browser, it would be important just for being different. Right now 90% of the Web surfers in the world use Internet Explorer. Do you trust Microsoft...

Author: /time Magazine | Title: The Browser That Roared | 4/29/2002 | See Source »

...long as John Paul II is able to speak (or write) coherently, he can fulfill his responsibility to direct the church and instruct his flock [LETTER FROM THE VATICAN, April 8]. Whether he can stand up for two hours to serve as the chief celebrant at Mass or stoop to wash 24 feet is beside the point. Ceremonial functions, while certainly important, are not an essential part of the office. So idle speculation about whether John Paul II is fit to be Pope or whether he should retire is just that: idle speculation. RON SAMUELS Studio City, Calif...

Author: /time Magazine | Title: Letters: Apr. 29, 2002 | 4/29/2002 | See Source »

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