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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (74226)	12/12/2000 10:55:37 AM
From: SSP	Respond to of 150070

NAHC - .0075 x .008!!!!! Whoever sold - sold too soon ;-)

To: Jim Bishop who wrote (74226)	12/12/2000 12:00:57 PM
From: john	Respond to of 150070

Kodak,,,,,,,,,, NEW YORK, Dec 12 (Reuters) - Photography giant Eastman Kodak Co. warned again on Tuesday that fourth-quarter earnings would be lower than expected as the slower economy takes its toll on consumer demand and retailers reduce inventories. The Rochester, N.Y.-based company is the latest corporate giant to warn about lower earnings in a softening economy, joining Dow industrials component peers Home Depot Inc. and Intel Corp. . Kodak said that fourth-quarter earnings would be between 65 cents and 75 cents a share. Analysts on average had been expecting the company to earn $1.07 a share in the fourth quarter, down from $1.27 in the fourth quarter of 1999, according to First Call/Thomson Financial. Kodak had already lowered its fourth-quarter earnings forecast in October, citing slower demand and the need to pare inventories. The company also said its 2000 earnings would also be below expectations, at between $4.65 and $4.75 a share, largely as a result of the rising dollar. Analysts had been expecting the company to post 2000 earnings of $5.07 a share this year, up from $5.03 last year, according to First Call. Looking ahead to next year, the company said its first-quarter earnings would be between 50 cents to 60 cents a share, with earnings for the full year ranging from $4.50 a share to $4.90 a share. Analysts on average were expecting earnings of $5.30 a share in 2001. Kodak has been struggling to redefine itself in a digital age with major investments in digital and online photography. But investors have yet to be impressed, with Kodak's shares languishing not far off their 52-week low of $35-5/16 and well below their 52-week high of $67-13/16. And in recent months the company has faced the additional challenge of slower film sales and has been vying for market share with such competitors as Japan's Fuji Photo Film Co. Ltd. . To increase cash flow and control expenses, the company said it would cut capital spending by $200 million and inventories by $200 million. It also said that it will impose strict spending controls, including limits on hiring. "The slowing economy curtailed earnings growth in the second half of 2000 and will continue to do so in the first half of next year," said Kodak Chief Executive Daniel A. Carp. "The actions we're announcing today will help us manage the effects of the slowdown, which we expect will moderate in the second half of 2001. In no way do the economic conditions cause us to change our strategy of using digital technologies to create a bigger picture industry than exists today," he said in a statement. The company had already announced a number of measures to streamline its operations, including a plan to consolidate its seven business units into two and a program to cut costs. Kodak said that it expects 2001 sales to rise by 4 percent to 6 percent next year, largely on the strength of growth in the second half of the year. It also said that it plans to continue its stock repurchase program next year, buying $1 million worth of shares a day.