Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (3126)	12/15/2000 1:31:25 PM
From: goldsheet	Read Replies (2) \| Respond to of 8010

> Geeezzzz...only 1/2 the demand is meet by production? something is outta whack somewhere...we should have silver at $50! It might seem so, but it has been that way for a very long time, folks have been predicting a big rally, and I'm still waiting. Silver hit a new yearly low today at 4.56. I predicted it would hit $4.50 in 2000, so I'm getting close !

To: TheBusDriver who wrote (3126)	12/15/2000 3:37:45 PM
From: long-gone	Respond to of 8010

but demand may be dropping(or just dropped - sudden): -------------------------------------------------------------------------------- Related Quotes EK PRD 38 13/16 6 9/16 -1/8 -5/8 delayed 20 mins - disclaimer Friday December 15, 3:09 pm Eastern Time Polaroid Issues 4Q Earnings Warning By MARTIN FINUCANE Associated Press Writer CAMBRIDGE, Mass. (AP) -- Polaroid Corp. (NYSE:PRD - news) said Friday it was reducing its fourth-quarter sales and earnings expectations, blaming a slowing world economy. Gary T. DiCamillo, chairman and chief executive officer of the instant camera and film company, said the company's new products were doing well, but ``it appears that slowing economic growth and more conservative stocking policies are negatively impacting shipments of our traditional film lines.'' The company said fourth-quarter revenue could be $60 million to $70 million less than expected, while operating profit could drop $40 million to $45 million, bringing it to the ``break-even range.'' Pete Enderlin, an analyst with Ryan, Beck Southeast Research, said, ``It's a pretty disconcerting outlook.'' ``The biggest problem is they are experiencing further inventory reductions by major retailers,'' he said. ``Those retailers are pretty nervous about the economy.'' Polaroid didn't estimate its earnings per share. Analysts surveyed by First Call/Thomson Financial had predicted fourth-quarter earnings of 52 cents per share. In a conference call with analysts, DiCamillo didn't rule out the possibility that the company, after interest expenses, might show a net loss for the quarter. He said that the last weeks of the year are key for the company's sales and said he wanted to see how the company fared. Polaroid reported income, including of $28.5 million, or 64 cents a share, on sales of $649.8 million in the year-ago fourth quarter ended Dec. 31. The numbers include a one-time gain of $25 million. Year-ago operating profit was $62 million for the fourth quarter. The company said it would take a number of steps, including accelerating the sale of its 56-acre site in Waltham; reducing costs, especially in manufacturing and overhead; reducing capital expenditures; and accelerating development of new digital products. The announcement by the Cambridge, Mass.-based Polaroid followed a similar announcement by Kodak on Tuesday. Kodak also cited slower film sales. In trading Friday, shares of Polaroid fell 63 cents to $6.56 on the New York Stock Exchange. biz.yahoo.com