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To: UnBelievable who wrote (115907)	8/7/2001 5:25:20 PM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 436258

EMLX warns (this time NOT a hoax!): cbs.marketwatch.com; Emulex reports, warns for Q1 and yr (EMLX) By Barbara C. Costanza After the market closed, storage networking host bus adapters supplier Emulex Corp. (EMLX) reported fourth-quarter earnings, while warnings that revenue would for the first quarter would be $55 million. The company posted pro forma earnings of $9 million, or 11 cents a share, compared with the year-ago total of $9.6 million, or 12 cents a share. Analysts polled by First Call anticipated a profit of 10 cents a share. Revenue for the quarter totaled $58.4 million, up 43 percent compared with the year-ago period. Earnings for the first quarter will be about 9 cents, with revenue of about $55 million, while analysts had been expecting earnings of 10 cents, with revenue of $62.4 million. The company cited seasonally soft summer conditions in a continuing difficult economic climate. Revenue for fiscal 2002 is expected to run between $250 million and $255 million, with earnings of about 43 cents a share. Analysts currently expect 50 cents, on revenue of about $279 million. Damn, I shoulda shorted Broke-Aid today...<NG>

To: UnBelievable who wrote (115907)	8/7/2001 5:52:41 PM
From: pater tenebrarum	Read Replies (3) \| Respond to of 436258

did you see, today the first pullback in consumer credit in ages was reported...this means it will soon become impossible to outgrow the rising tide of defaults with new credit...the involuntary shrinking of the money supply beckons. imo things could easily get a lot worse than these economists are predicting...the market WILL address the credit bubble, and no-one can say for sure how grave the consequences of this reckoning will be. but Japan is a good example for a post bubble economy, so something similar is likely in the cards.