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To: JakeStraw who wrote (919)	2/4/2000 3:16:00 PM
From: Esway	Respond to of 5499

Friday February 4, 3:02 pm Eastern Time Newell Rubbermaid shares tumble after profit warning CHICAGO, Feb 4 (Reuters) - Shares in Newell Rubbermaid (NYSE:NWL - news) tumbled by more than 16 percent on Friday, after the consumer products manufacturer issued a profit warning on Thursday and disappointed Wall Street with its fourth-quarter results. By 1145 CST, the shares down 4-4/8 to 23-1/8, having dipped to a five-year low at 21. Trading volume was brisk with more than 8.3 million shares trading hands, making it the third most actively traded stock on the New York Stock Exchange. ``We have lost confidence,' said Stephen East, an analyst with A.G. Edwards. ``I don't think this (stock decline) is overdone.' East said he downgraded his rating on the stock to accumulate from buy after the company said it earned $0.25 per diluted share and that its first-quarter earnings would fall below expectations. ``They're espousing a range between $2.00 and $2.10, but they haven't explained how they plan to get there,' East said. However, he said that if the company earned $1.90 per share for the year, as he is forecasting, the current stock price would represent value. Barrington Research analyst Alexander Paris upgraded his rating on the stock to a long-term buy at current prices. He took the action based upon his forecast for a better 2000, even though it got off to a slow start. Paris was estimating earnings per share of $2.00 for 2000.