Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Softechie who wrote (89873)	7/2/2002 12:02:31 PM
From: Softechie	Read Replies (1) of 99280

PAX Paxson Comms reduces Q2 guidance (4.55 -0.40) Revises Q2 EBITDA forecast to a range of $3-$4 mln from previous estimate of $8 mln. PAX now sees flat revenues vs previous guidance of a mid single digits increase. Blames weakness on softening infomercial biz caused by greater competition and FTC crack-down on marketers of certain electronic abdominal exercise belts.

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