SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: michael97123 who wrote (51554)9/6/2001 10:37:36 AM
From: Joseph Beltran  Read Replies (1) | Respond to of 70976
 
michael,

I/m getting the impression that someone(?) is desperately trying to get the nasdaq below 1700 but the index is putting up one heck of a fight. I'm like you. I'm not selling anything. i ran out of cash and deployed some margin to buy JBL today. I couldn't help the price. Just too tempting. I'm also eyeing SFA and if CIEN gets to 10 I'll go ballistic and deploy massive amounts of margin to buy. I think tech mutual funds have been forced to sell just about anything and everything to cover redemptions.



To: michael97123 who wrote (51554)9/6/2001 10:38:30 AM
From: michael97123  Respond to of 70976
 
- Ross Stores August same-store sales up 9 percent
In NEWARK, Calif. story headlined ``Ross Stores August same-store sales up 9 percent'', please read start of second paragraph as ``The company also said it expected earnings of 42 to 44 cents in the third quarter, up from 36 cents a year ago...'' instead of ``...up from 50 cents a year ago...'' (Corrects figure from a year ago). A corrected version follows.

NEWARK, Calif., Sept 6 (Reuters) - Ross Stores Inc. (NasdaqNM:ROST - news), the second-largest U.S. off-price clothing chain, said Thursday that sales rose 9 percent in August at stores open for at least a year on strength in most major markets.

The company also said it expected earnings of 42 to 44 cents in the third quarter, up from 36 cents a year ago; 50 to 54 cents in the fourth quarter versus 56 cents a year ago and $1.79 to $1.85 for the full year, compared with $1.82 a year ago.

Those forecasts, more optimistic than previously planned, are based on 4 to 6 percent same-store sales gains in September, 2 to 4 percent gains in October and 1 to 3 percent gains for the fourth quarter, the company said.

Total sales in the four weeks ended Sept. 1 rose 20 percent to $238 million, the company said.