Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Lazlo Pierce who wrote (9653)	6/4/1998 7:52:00 PM
From: Market Tracker	Read Replies (1) of 18691

"After Thursday's close, Motorola (MOT) said it will slash 10 percent of its worldwide work force in the next year and take a $1.95 billion pretax charge due to stiff pricing competition and decaying demand in the semiconductor business. The development, largely brought on by the Asian economic crisis, will probably result in second-quarter operating earnings being "well below" consensus forecasts. The firm said an operating loss in the quarter is possible. Wall Street had expected Motorola to earn 25 cents a share in the quarter." -CBS Marketwatch Yes it does look as though MOT will be tomorrow's disaster d' jour.

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