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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (128785)	10/11/2001 4:01:35 PM
From: Cynic 2005	Read Replies (2) \| Respond to of 436258

Ladies and gentlemen, as far as the market is concerned, Septemberr 11 attacks never happened. Everything is hunky dory! DOW JONES INDUSTRIALS INDEX 9,406.99 166.13 NASDAQ 100 INDEX 1,388.41 83.73 NASDAQ COMBINED COMPOSITE INDX 1,700.48 74.22 S&P 500 INDEX 1,096.98 15.99 S&P 100 INDEX 563.13 8.37 RUSSELL 2000 INDEX 430.70 9.04 30-YEAR T-BOND INDEX 53.98 0.45

To: patron_anejo_por_favor who wrote (128785)	10/11/2001 4:07:29 PM
From: sun-tzu	Respond to of 436258

fire in the hole!

To: patron_anejo_por_favor who wrote (128785)	10/12/2001 2:38:33 AM
From: Dr. Jeff	Respond to of 436258

Providian slashes third-quarter earnings view ****** EDIT: I was just posting this right after you did. <BG> Nice of them to warn at midnight huh?......... Friday October 12, 12:47 am Eastern Time Providian slashes third-quarter earnings view (UPDATE: Adds details, background) SAN FRANCISCO, Oct 12 (Reuters) - Credit card issuer Providian Financial Corp. (NYSE:PVN - news) now expects its third-quarter earnings to fall much more steeply than previously projected. This was due to lower-than-expected fee and finance charge revenue and higher-than-expected credit losses in September, among other factors, it said. The company, in a statement issued late on Thursday, said the lowered expectations were due in part to actions it took to strengthen its balance sheet in anticipation of continued weak credit conditions. It was Providian's second earnings warning in less than six weeks. San Francisco-based Providian, which specializes in lending to people with poor or patchy credit, said it now expected to earn 19 cents to 21 cents per diluted share for the quarter, down from previous expectations of 82 cents to 84 cents. Analysts had been expecting Providian to earn 79 cents to 83 cents per share for the quarter, with a consensus estimate of 81 cents, according to tracking firm Thomson Financial/First Call. Providian also said it now expects to report a loss rate of about 10.33 percent for the quarter. In September, Providian said it expected to report a loss rate lower than its second quarter rate of 10.29 percent. The company said actions to strengthen its balance sheet include an incremental loan loss provision of about $186 million and a charge of about $85 million related to certain charges and fees on accounts that are more than 90 days delinquent. The results also include a $23 million gain from the early extinguishment of debt, the company said. Shares of Providian climbed 55 cents, or 2.78 percent, to $20.35 on Thursday. On September 4, Providian cut its earnings estimates for the year and lowered its long-term growth target, triggering a 22 percent slide in its stock price. At that time, the company cited slower consumer sales, softer loan demand and ongoing credit tightening for its lowered outlook. The company plans to announce its third-quarter results and updated guidance for the fourth quarter on October 18. biz.yahoo.com