The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Junkyardawg who wrote (47586)	6/2/1999 2:11:00 AM
From: BoneYardDog	Read Replies (1) of 90042

Not real good news here Dawg... 6/1/99 1:00 pm... HARNISCHFEGER (HPH 3-3/4) DOWN 3-1/2, POSTS $0.36 2Q LOSS... SALOMON SB DOWNGRADES TO UNDERPERFORM FROM NEUTRAL... Analyst Tobias Levkovich tells salesforce has growing concerns about co.'s visibility, given ballooning debt, following orders, recent comments that vendors holding up shipments, particularly to Beloit, co.'s paper making machinery business... Moreover, new chairman is conceding that there can be no assurances that needed financing can be arranged in timely manner... While difficult to predict how low stock can go, sets $2 price target... Thinks co. could slip into bankruptcy proceedings... Widens $0.20 FY 99 (Oct) loss est. to $0.43 loss./S.Trombino txdenis

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