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Politics : Formerly About Applied Materials

AMAT 301.88

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To: StanX Long who wrote (55472)	11/13/2001 11:41:46 PM
From: StanX Long	Read Replies (1) of 70976

BEA Systems Meets Revised Outlook November 13, 2001 7:22:00 PM ET By Ilaina Jonas news.moneycentral.msn.com NEW YORK (Reuters) - Business Software maker BEA Systems Inc. (BEAS) on Tuesday reported fiscal third-quarter income, excluding one-times items, in line with expectations and said it would retain its prior fourth quarter guidance, despite a pick-up on the number of $1 million-plus deals. For the quarter ended Oct. 31, BEA posted a loss of $90.9 million, or 23 cents a share, compared with a profit of $8.2 million, or a loss of 2 cents a share, in the year-ago quarter. The figure includes an expected $110 million in third- quarter charges, of which $90 million was noncash related to a write-down of asset impairments. The quarter as well as the guidance the company issued for the current fourth quarter did not change. Morgan Stanley analyst Charles Phillips has a ``neutral rating on the stock'' and said he doesn't expect that to change. ``There's nothing here to be a catalyst either way,'' Phillips said. ``People knew things were tough out there.'' In after-hours activity on Instinet, shares of BEA traded at $16.70, down slightly from its close of $16.99.

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