My model 3001 just broke for the 3rd time.  The first two times it just quit and they fixed it under warranty.  Now that I'm out of warranty, the stem will not go back in. I was told there is NO warranty on the stem, even if it was new.  They will fix it for $95 - it's $165 new.

It will still keep time, but is no longer waterproof. I don't think I'll throw away any more money on this watch and I won't buy another one.