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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Paul A who wrote (14444)	10/2/2001 10:54:32 AM
From: Raj Ramaswamy	Respond to of 19633

10/02/2001 10:27 AM EDT Marketing information services provider Acxiom (ACXM:Nasdaq - news - commentary - research) was up 18.2% in midmorning after announcing late Monday that it expects to meet or beat the Street's second-quarter estimates. Acxiom also said it has been able to pay down more than $40 million in debt because of strong cash flow. The company said it expects to exceed the consensus earnings estimate of 7 cents per share. It said that despite the economic downturn, it was able to close several deals in late September. Those contracts will not significantly affect the just-concluded quarter, but they add to Acxiom's revenue backlog and future success. Acxiom also affirmed that it expects to earn 28 to 33 cents per share in fiscal 2002.