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Politics : Formerly About Applied Materials

AMAT 267.08

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3:59 PM EST

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To: Paul V. who wrote (25667)	10/23/1998 1:44:00 PM
From: Jacob Snyder	of 70976

from today's WSJ: the following companies reported losses, worse-than-expected earnings, or downsizings: Banker's Trust, 3M, Pacificorp, Nomura, Sears, US Steel, Nucor, "several oil companies", Schlumberger. P&G beat earnings estimates, by reducing costs, not by increasing sales. Only Lucent beat estimates and increased sales. It's going to take a lot of Fed pixie dust to make next earnings season better.

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