Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Chris who started this subject	11/17/2001 2:59:48 PM
From: TechTrader42	Read Replies (1) of 52237

financialsense.com From the article above: "GM Tops 3Q" "VeriSign 3rd Qtr Loss Narrows" "JDS Uniphase Meets Street Estimates" "Novellus Systems Reports Better-Than-Expected Results" "Cisco Beats Street" "Intel Outlook Positive" "IBM Jumps After Exceeding Profit Target" What do you read in the above headlines? Pretty inviting, wouldn't you say? Like you, investors have been given the impression that things are going well or at least to quote a cliché, “better-than-expected”. An examination of the actual results portrays a different picture. A more accurate portrayal of what was really happening might read much differently. I’ve taken the liberty of restating these headlines based on the real numbers. Mine would read more like this: "GM Loses $368 Million, Takes Charge of $753 Million to Close Plants" "VeriSign Loses $386.7 Million on 47% Sales Increase" "JDS Loss of $1.2 Billion Follows Loss of $50.6 billion Last Qtr, Sales Fall 45%" "Novellus Loss of $14 Million Versus Profit of $59.2 Million a Year Ago, Sales Down 19.4%" "Cisco Reports Loss of $268 Million Versus Profits of $798 Million Last Year" "Intel Revenue Down 25 %, Profits fall 96%, 46% sequentially" "IBM 3rd Qtr Net Falls 19%, Computer and Chip Sales Drop"

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