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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: Katherine Derbyshire who wrote (43289)3/7/2001 8:13:08 PM
From: Robert O  Respond to of 70976
 
Yahoo, TIBCO, Tellabs Fall After Hours

By Haitham Haddadin

NEW YORK (Reuters) - ...a fresh batch of earnings warnings after the bell showed the slowing U.S. economy is hurting tech companies. Yahoo!(YHOO.O), Tellabs Inc.(NasdaqNM:TLAB - news) and TIBCO Software Inc.(NasdaqNM:TIBX - news)) warned the slowing economy and reduced spending on technology would hurt financial results. Their shares fell in the aftermarket.

The shares of Tellabs also slid, down to $40-3/32 from their Nasdaq close at $45-11/16, after the maker of communications network systems cut its quarterly earnings and sales growth forecast.

Top-tier technology shares were mixed after-hours.

Katherine, I wonder what that lunatic who 'freaked out' over your essentially tongue in cheek comment on the SI TLAB board feels like today? Tellabs down 5 to 40 1/2 in after hours after warning. Wasn't he screaming bloody murder at around the mid to high 60's? It seemed to hover there forever.

P.s. You were right in guessing my friend would not be satisfied with an explanation without seeing a mathematical proof behind the idea that -4 x -5 = +20 and not a negative number. Do you (or anyone here) know of a math link with proofs I could eye or from an old, dusty textbook? TIA

RO