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

To: ALTERN8 who wrote (36629)	10/17/2001 3:06:43 PM
From: Softechie	Read Replies (1) \| Respond to of 37746

Merrill is on the ropes. Here's why they can't get qualified people. 12:57 (Dow Jones) Guy Moszkowski, of Salomon Smith Barney, says Merrill Lynch (MER) could be put up for sale if it fails to reduce its expenses and improve its return-on-equity in a "reasonable window." Responding to a reports Merrill may cut as many as 10,000 jobs, Moszkowski said the firm has had a history of managing for the long term and investing in business opportunities well ahead of potential profitability, which has contributed to weaker margins. "We believe this has led to CEO (David) Komansky being forced to name his successor (Stan) O'Neal early, and possibly having his hand forced on the choice of that successor, the proven cost cutter," Moszkowski said. (CUB)