PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Ish who wrote (137927)	4/12/2001 6:42:10 PM
From: Scumbria	Read Replies (1) of 769667

Ish, Is this the forward looking economic improvement Bush was referring to? A number of companies issued disappointing earnings or gloomy forecasts after the closing bell, including Powerwave Technologies Inc. (NasdaqNM:PWAV - news), which reported a deeper-than-expected loss. Powerwave, which makes equipment to boost the performance of cellular phone base stations, said its revenues fell 30 percent in the first quarter, blaming a slowdown in U.S. telecommunications investment. Its shares, which had rallied almost 14 percent in Nasdaq trade ahead of the announcement, slipped back to $12.40 on the Instinet electronic broker system. It ended Thursday's session at $13.42. Shares of Rambus Inc. (NasdaqNM:RMBS - news), a developer of technology to speed the performance of memory chips, fell after it reported that its earnings missed Wall Street expectations. Rambus blamed falling prices and mounting legal expenses arising from litigation for the shortfall. Rambus fell to $18.15 in extended-hours trading after ending Thursday's regular trading session at $19.53 on Nasdaq. biz.yahoo.com Scumbria

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