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Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Patherzen who wrote (1770)	6/22/1999 9:44:00 AM
From: Dalin	Read Replies (1) \| Respond to of 10027

LEH beat the street: UPDATE) Lehman Brothers' 2nd-Quarter Earnings Shatter Street Estimates Dow Jones Online News, Tuesday, June 22, 1999 at 09:29 NEW YORK -(Dow Jones)- Lehman Brothers Holdings Inc. Tuesday reported second-quarter earnings that easily beat expectations on strong results in its global equities business. The securities firm (LEH) reported net income of $330 million, or $2.09 a diluted share, compared with year-ago net of $324 million, or $2.12 a diluted share. The mean estimate of 11 analysts surveyed by First Call was for earnings of $1.68 a share in the quarter ended May 31. Total revenue fell 11% to $4.93 billion. Net revenue, which is total revenue minus interest expense, slipped 1.2% to $1.46 billion. Return on common equity fell to 26.3% from 29.9%, while the company's pretax margin slipped to 32% from 32.4%. Principal transaction revenue jumped 13% to $663 million, but investment banking revenue fell 5.7% to $467 million. Lehman's latest quarter competed with an exceptional year-ago period in which it participated in several highly profitable merchant banking and investment banking deals, including Starwood Hotels & Resorts Worldwide Inc.'s acquisition of ITT Corp.; Texas Utilities Co.'s acquisition of the Energy Group; and Premier Parks Inc.'s acquisition of Six Flags Entertainment Corp. Each of those deals allowed Lehman to bank revenue in several business lines at once, including mergers and acquisitions and high yield. Lehman is the first major Wall Street firm to report second-quarter results. Goldman Sachs Group Inc. (GS) and Morgan Stanley Dean Witter & Co. (MWD) are scheduled to announce earnings on Wednesday and Thursday, respectively. Copyright (c) 1999 Dow Jones & Company, Inc.

To: Patherzen who wrote (1770)	6/22/1999 10:03:00 AM
From: Patherzen	Respond to of 10027

Good news from Raging Bull on NITE... Real Time Quote Chart Free E-Mail Raging NITE Links < Previous Respond Next > By: Sepod Reply To: None Tuesday, 22 Jun 1999 at 9:49 AM EDT Post # of 6476 More Fab News For NITE: The Street.com and AMEX introduce The Street.com E-Finance index...And guess who's in it? Components of TheStreet.com E-Finance Index Company Ticker Symbol AMERITRADE HOLDING CORP AMTD CHECKFREE HOLDINGS CORP CKFR CYBERCASH INC CYCH E TRADE GROUP INC EGRP NATIONAL DISCOUNT BROKERS INC NDB KNIGHT/TRIMARK GROUP INC NITE NETBANK INC NTBK NEXTCARD INC NXCD SCHWAB (CHARLES) CORP SCH SECURITY FIRST TECHNOLOGIES SONE TELEBANC FINANCIAL CORP TBFC Stan

To: Patherzen who wrote (1770)	6/26/1999 3:07:00 AM
From: JB2	Respond to of 10027

Wonder which analysts project the 300 to 900% gains, and when? Have to be careful judging cos. by those entreprenuer of the year awards: CEO of Valujet got one, just before the news came out that his aggressive cost cutting led the biz into oblivion. Also, a guy got one in Oregon last year, and went straight home from the awards ceremony to file his bankruptcy papers, it was revealed this year. Aggressive growth in the near past isn't necessarily a good indicator of future returns.