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Technology Stocks : Intel Corporation (INTC)
INTC 42.61+6.5%Jan 7 3:59 PM EST

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To: Frank Ellis Morris who wrote (132028)4/10/2001 9:08:32 AM
From: ColtonGang   of 186894
 
Greenspan thinks the tech sector is the only one hurting.......Aetna warns on 1Q
Insurer cites higher medical costs, says full-year forecast in question
April 10, 2001: 8:45 a.m. ET


NEW YORK (CNNfn) - Aetna Inc. warned Tuesday that first-quarter earnings will be lower than expected and that it can't confirm its previous forecast for full-year 2001 results. The company blamed increased medical costs due to greater use of health-care services.

The Hartford, Conn.-based insurer did not provide a revised first-quarter figure, but analysts on average were expecting the company to earn 28 cents a share, according to earnings tracker First Call.

The company also said it cannot confirm the $1.20 to $1.30 a share earnings it projected for 2001. Analysts on average are expecting 2001 earnings of $1.24 a share.
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