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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Jim Spitz who wrote (29368)	6/25/2001 1:30:16 PM
From: Jim Spitz	Respond to of 37746

Look out below for bad earnings news [TIMMMMMMBERRRRRR!] Monday, June 25, 2001 Corporate America is fast approaching a forgettable milestone: More than 1,000 U.S. companies are expected to issue negative earnings preannounce ments for the second quarter. The first quarter's record of 935 negative pre announcements easily could be smashed, as companies realize that economic conditions deteriorated more sharply than they had anticipated. Many companies continue to ratchet down their expectations, and some of them already have issued second and third warnings about the latest quarter. So far, out of 825 companies that have pre announced, 538, or 65 percent, said they will miss earnings numbers. -- Dow Jones News Service ''What the Fed is doing is helping to keep the U.S. consumer spending, but that will not result in growth. It is just keeping things from coming apart in terms of a real contraction.'' -- David Webb, executive vice president at Shaker Investments in Cleveland © Copyright 2001 Star Tribune. All rights reserved.