AC: Alliance Capital Mgt Hldg Message Board

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Non-Tech : AC: Alliance Capital Mgt Hldg

AC 37.05

+1.3%

Oct 24 9:30 AM EDT

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To: saveslives who wrote (1)	2/2/2001 7:11:28 PM
From: Skeet Shipman	Read Replies (1) of 8

Hi saves, I don't expect a buy out. Here is this quarter's info. Forecast: Operating earnings this quarter are likely to fall from a year ago, while profits for the full year will only match the 2000 level, the company told analysts via a conference call. Revenues Higher However Expenses Increased More Revenue for the funds manager totaled $793.2 million during last quarter, up 35% from $585.5 million a year earlier. Expenses, however, also rose 40% to $568.2 million as compensation costs, distribution payments and general administrative costs increased. They May Do Better Than Their Forecast Or Worse - It depends on the market. Bruce Calvert, the company's chief executive officer, said the gloomy forecast did not take into account of the stock market's strong performance in January. Skeet

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