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To: 10K a day who wrote (123002)	4/4/2001 7:39:50 PM
From: re3	Respond to of 164684

yeah the dude has talents there...

To: 10K a day who wrote (123002)	4/4/2001 9:28:08 PM
From: Victor Lazlo	Respond to of 164684

ha! Well this week it was UPS- I should have gotten a few short shares yesterday. FedEx sees earnings below estimates NEW YORK, April 4 (Reuters) - FedEx Corp. (NYSE:FDX - news), the world's No. 1 air express package shipper, on Wednesday warned that its fourth-quarter earnings are likely to be lower than it previously forecast as the economic downturn cuts further into demand for its freight services. Memphis-based FedEx had previously forecast that it would report earnings per share of 85 cents to 90 cents for the quarter to the end of May. ``Economic conditions have deteriorated more than we anticipated, which is adversely impacting our volumes,'' said FedEx Chief Financial Officer Alan Graf Jr. ``If these volume trends continue, we think it is unlikely that we will hit our prior earnings forecast of $0.85 to $0.90 per share for the fourth quarter.'' FedEx expects to report express package volume within the U.S. dropped 4.4 percent in March from the year-earlier month, against its previous forecast of a 1 to 2 percent decline. The company also said economic uncertainty ``is making it extremely difficult to forecast future financial results.'' Earlier in March, FedEx rival United Parcel Service Inc. (NYSE:UPS - news) said it expects a slowing U.S. economy, harsh North American weather and currency weakness in the euro to hurt its results in the first half of the year.