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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (16737)	12/15/1999 11:17:00 AM
From: christopher	Respond to of 57584

Hi Rande, Looks like the home team is getting hammered today...don't know if it's a dead cat bounce yet but we're looking... Thomas & Betts sees lower fourth-quarter results MEMPHIS, Tenn., Dec 14 (Reuters) - Thomas & Betts Corp. on Tuesday warned that fourth-quarter earnings could fall short of expectations by as much as 40 percent, due mainly to troubles with its new Web-based order processing system. But the electrical equipment maker described its problems as temporary, saying it expected it would deliver on earnings estimates of $3.67 a share for 2000. Analysts expected the company to earn 97 cents a share for the fourth quarter, according to First Call/Thomson Financial, an agency that tracks corporate earnings. A higher rate of order cancellations, shipping delays and higher costs related to the launch its of its web-based order processing system accounted for as much as two-thirds of the predicted shortfall, the company said. Despite the problems, Thomas & Betts said its number of orders would grow in line with analysts'expectations. It said it would also recognize additional costs, such as unanticipated inventory losses, in the fourth quarter. "While we are disappointed by the short-term impact of our systems' conversions, we are more convinced than ever in the correctness of our long-term vision for our company's future in the E-Commerce world," Chief Executive Clyde R. Moore, said. The company had spent the past three years converting its systems to take the industry lead in E-Commerce, Moore said. The undertaking was "immense" but critical as the Internet changed the company's business model, he said. Moore said the company still expects to earn $3.67 a share for 2000, a consensus estimate of analysts' predictions, according to First Call/Thomson Financial. Thomas & Betts said it would release its fourth-quarter results on Feb. 4. ((Elizabeth Smith+ New York newsdesk Desk+212-859-1891))

To: Rande Is who wrote (16737)	12/15/1999 11:22:00 AM
From: Trumptown	Read Replies (1) \| Respond to of 57584

"falling cutlery shop" - I hear that! SR

To: Rande Is who wrote (16737)	12/15/1999 12:25:00 PM
From: David C	Read Replies (2) \| Respond to of 57584

Rande, A day or so ago you posted that nats may be an income play on upcoming earnings that are coming out soon. Do you think that their earnings could be substantially improved with the expense of starting up this online trading? I would think that the upcoming earnings would be actually lower but maybe some forecast of future earnings with the more efficent online trading would boost interest from potential investors. I think the MM's are trying to walk this back off of 8 now trying to bank some shares for the 20 run. I am buying more for the near future swing trade. You? Go Nats Dave