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Non-Tech : First Union Bank -- Ignore unavailable to you. Want to Upgrade?


To: MARK BARGER who wrote (295)7/19/2000 6:08:52 PM
From: checkmate  Respond to of 323
 
Mark--- I hope this investment turns out ok for you.
I checked out your profile only because very few people seen to respond to FTU and I see you are intrested in
high growth prospects.
I only send this to you because of this --I usually do
not because I do not want to be accusted of spam.
Check out a Can Co
sigem.com
Do your DD
Check out forum On Stockhouse.ca
Symbol o.sgem

The stock is on the Can OTC and will soon be on Major excahnge. A chance of getting in very early
The peolpe involved in this Co have been known inTech circles in the Can si Valley of Ottawa as top producers.
at 2.15 Can. with US $$$
Well you can see potential

Do you DD and let me know....I figured with an Chem Eng degree you can appreciate the potential for Eping
CM



To: MARK BARGER who wrote (295)7/20/2000 9:02:27 AM
From: Lynn  Read Replies (1) | Respond to of 323
 
Dear Mark: I have seen you post to threads of some other stocks I hold and to be completely honest, am surprised to see _anyone_ from those threads post here as a _new_ shareholder.

The earnings are now out and despite being a loss of $2.2 billion, FTU did manage to beat street estimates by one penny:

Thursday July 20, 8:05 am Eastern Time

First Union posts loss of $2.2 billion after
charge

biz.yahoo.com

A later earnings news item notes at the end that:

"... the bank's provisions for loan losses jumped to $493 million in the quarter from
$180 million a year ago. Net chargeoffs rose to $228 million from $180 million.

First Union said if current conditions persisted, it expects it would see further
modest increases in its loan loss provisions."

dailynews.yahoo.com

I sure hope your friend is right that the worst is behind FTU.

Regards,

Lynn, ex-CFL (CoreStates) shareholder