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To: High-Tech East who wrote (76873)5/11/2001 7:41:11 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 99985
 
Berkshire Hathaway Earnings Drop 25%

By THE ASSOCIATED PRESS

Filed at 7:18 p.m. ET

OMAHA, Neb. (AP) -- Berkshire
Hathaway Inc. reported a 25
percent drop in first quarter net
earnings.

The investment company headed
by billionaire Warren Buffett said
net earnings for the quarter ended March 31 were $606 million,
or $397 per share. That compares with net earnings of $807
million, or $531 per share, during the first quarter of 2000.

The major difference was in Berkshire's realized investment
gains, which totaled $144 million, compared with $453 million
in the year-ago quarter -- a 68 percent decline.

nytimes.com