LIST of COs. WITH HIGHLY QUESTIONABLE ACCTG. PRACTICES Message Board

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Pastimes : LIST of COs. WITH HIGHLY QUESTIONABLE ACCTG. PRACTICES

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To: Paul Berliner who wrote (22)	1/12/2001 1:06:30 PM
From: Paul Berliner	of 59

Catalina finally implodes as aggressive acctg catches up with 'em: www2.marketwatch.com Friday, January 12, 2001 POS comes in 2 pennies short --10:28 am - By Michael Baron Catalina Marketing (POS: news, msgs) is losing $8.94, or 26.3 percent, to $25, after the St. Petersburg, Fla., consumer goods marketing firm reported third-quarter earnings of $16.9 million, or 29 cents a share, up slightly from last year’s profit of $16.6 million, or 29 cents a share, but 2 cents below the average estimate of analysts polled by First Call. Revenue rose 11 percent in the latest three months to $108.8 million from $97.8 million in the same period a year earlier. Catalina expects a fourth-quarter profit of 23 to 25 cents a share on year-over-year revenue growth of 15 to 17 percent, below First Call's average estimate for a profit of 30 cents a share. Morgan Stanley cut its rating on the stock to "neutral" from "strong buy."

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