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Politics : Ask Michael Burke

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To: RealMuLan who wrote (96696)	7/16/2002 4:31:14 PM
From: Amir Shalit	Read Replies (2) of 132070

We are doing great excluding the loss <BG> PITTSBURGH (Reuters) - Money manager and financial services firm Mellon Financial Corp.(NYSE:MEL - News) on Tuesday reported a drop in quarterly profit after taking a hefty provision to cover a $100 million unsecured loan to troubled telecoms giant WorldCom. Excluding the special provision for loan losses, earnings were in line with forecasts of analysts polled by research firm Thomson First Call, who had expected earnings ranging from 40 cents to 49 cents a share, with a mean estimate of 47 cents.

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