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To: Lucretius who wrote (24126)	3/9/1999 4:53:00 PM
From: yard_man	Read Replies (2) of 86076

Why did this company run into trouble? -- everyone knows we don't need Brazil or Asia for our economy to keep humming along ... biz.yahoo.com Hypercom shares fall after earnings warning NEW YORK, March 9 (Reuters) - Shares of electronic payment company Hypercom Corp. (NYSE:HYC - news) fell 39 percent Tuesday after the company said it would report a third-quarter loss, disappointing Wall Street analysts. Hypercom shares were off 3-13/16 at 5-15/16. The drop was the biggest percentage decline on the New York Stock Exchange in morning trading. After the stock market closed Monday, the Phoenix-based company said it will report a loss per share of $0.06-$0.09 for its fiscal third quarter, ending March 31. The company reported a profit of $0.11 per share for the same period a year ago. Analysts' consensus estimate for the third quarter had been a profit of $0.16 per share. The company said its earnings shortfall was the result of Brazil's currency devaluation and a slowdown in sales in Asia and Latin America. Hypercom said it has incurred about $4.3 million in pre-tax currency losses. It said it had taken action, through the use of hedging tools, to limit future losses. While the third quarter is historically the slowest period of the year for the company, Hypercom said it had experienced a much more pronounced slowdown due to continued economic woes in Latin America and Asia. Hypercom said it would report full third-quarter results on April 21

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