Conoco (COC) - The biggest U.S. IPO ever Message Board

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Gold/Mining/Energy : Conoco (COC) - The biggest U.S. IPO ever

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To: Weekapaug who wrote (30)	1/6/1999 2:43:00 PM
From: Night Writer	Read Replies (1) of 123

MAJOR COMPANY/INDUSTRY NEWS: (All prices as of 10:20 a.m. ET) ** PHILLIPS PETROLEUM CO. (P: 42-1/2, - 1/8) said Wednesday it will post a fourth quarter loss, cut about 1,400 jobs, reduce capital spending to $1.5 billion and take other cost cutting measures due to record low oil prices. The company said it expected fourth quarter results would be breakeven or a slight loss, before taking about $339 million in severance-related and other charges. The First Call analyst's consensus estimate for the fourth quarter was $0.12. See Full Story at infobeat.com.

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