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To: Jim Willie CB who wrote (45328)	12/18/2001 6:23:18 PM
From: Sully-	Respond to of 65232

Triquint Semi sees 4th-qtr loss, delayed orders SAN FRANCISCO, Dec 18 (Reuters) - Triquint Semiconductor Inc. (NasdaqNM:TQNT - news) on Tuesday said it would report a loss in the current fourth quarter and the first quarter of next year as communications industry customers delayed orders. Hillsboro, Oregon-based Triquint, which makes chips for wireless phones and other communications products, now expects a fourth-quarter loss, before an impairment charge, of 1 cent to 3 cents a share, compared with an estimate of a profit of 4 cents, which Triquint made when it cut its outlook last month. Sales would be $64 million to $66 million, compared with a previous estimate of about $75 million, and first quarter results would be about the same as in the fourth, it said in a statement. ``Our primary customers continue to hold off orders, which has reduced our backlog and reduced our visibility,'' Chairman, President and Chief Executive Steve Sharp told investors on a conference call. Shares of Triquint dropped to $12.30 in after-hours trade on Instinet from a close of $14.10 on the Nasdaq before the announcement. Wall Street average forecasts for the fourth quarter had mirrored those of the company, and analysts had seen Triquint reporting first-quarter per-share profits of 3 cents on sales of $71 million, according to Thomson Financial/First Call. ``Anyone who is selling into the wireless area is at risk, at least in the short term,'' including the first quarter, said ABN AMRO analyst Ambrish Srivastava after Triquint warned. Handset makers were holding back on orders as they watched current sales, and they could wait until the last minute, since microchip makers could deliver quickly, in about 4 weeks, he said. ``We have seen indications of a sort of mini bubble in the wireless component side,'' he said. Triquint counts mobile phone makers Telefon AB L.M. Ericsson and Nokia Corp. among its customers. Sharp gave a variety of reasons for the new fourth-quarter forecast, which he had scaled back in November. ``Reduced revenue and earnings per share is the result of delayed shipments of products at the request of certain customers, continued softness in our optical networking business, and a slowdown in satellite and microwave businesses coupled with flat revenue in our wireless phone business,'' he said. biz.yahoo.com

To: Jim Willie CB who wrote (45328)	12/18/2001 6:56:40 PM
From: stockman_scott	Read Replies (1) \| Respond to of 65232

U.N.: 2001 Temperatures to be High By JONATHAN FOWLER, Associated Press Writer Tuesday December 18 4:17 PM ET GENEVA (AP) - The Earth's temperature in the year 2001 is expected to be the second highest since global records began 140 years ago, the U.N. weather agency said Tuesday, more proof of global warming caused by humans. The World Meteorological Organization (news - web sites) said the warming temperatures led to an increase in the severity and frequency of storms and droughts and other unusual weather conditions. ``Temperatures are getting hotter, and they are getting hotter faster now than at any time in the past,'' said Michel Jarraud, the organization's deputy secretary-general. Nine of the 10 warmest years in the last four decades have occurred since 1990, and temperatures are rising three times faster than in the early 1900s, he said. This year's global average surface temperature was expected to be 57.96 Fahrenheit, the World Meteorological Organization said. The record, set in 1998, was 58.24 Fahrenheit. ``Much of the temperature change is down to human influence,'' said Ken Davidson, director of the organization's climate program department. ``There are always skeptics on everything, but certainly the evidence we have today shows we do have global warming, and that most of this is due to human action.'' Carbon dioxide produced from burning fossil fuels is the most prevalent of the so-called greenhouse gases, whose growing concentration in the atmosphere is thought to be warming the Earth. Many scientists believe the warming, if not stopped, will cause severe climate changes over the next century. Few critics disagree that global warming exists. But opinions diverge when scientists forecast the severity of the temperature hikes and their effects, with many skeptics believing the earth's atmosphere will adjust to changes. At a two-week conference in Morocco last month, negotiators from 165 countries agreed on rules for implementing the 1997 Kyoto Protocol (news - web sites), which calls on about 40 industrialized nations to limit carbon emissions or cut them to below 1990 levels. The United States, the world's largest polluter, has rejected the accord. It argues that the treaty would harm the U.S. economy and says it is unfair because it excuses heavily polluting developing countries like India and China from any obligations. Jarraud said that while greenhouse gas emissions in 2100 can't be predicted, ``continued pollution at today's rate - or faster - presents several risks, especially a rise in sea-levels'' as polar ice melts. ``Many of the world's fastest developing cities are by the sea, and they could face floods, land erosion, and the pollution by salt water of fresh water supplies,'' he said. dailynews.yahoo.com

To: Jim Willie CB who wrote (45328)	12/18/2001 7:31:06 PM
From: stockman_scott	Respond to of 65232

The Hunt for Osama bin Laden December 18, 2001 The New York Times In April 30, 1945, as Soviet troops closed in on central Berlin, Adolf Hitler bid farewell to the aides gathered in his bunker beneath the Reich Chancellery and killed himself with a bullet to the head. Many Americans grew up with a vision of war as something that ends with that kind of finality. Since then we have become acquainted with more inconclusive finales. As America searches for Osama bin Laden in the mountainous wilderness of eastern Afghanistan, we are learning that even in victory, finding the end point can be frustratingly elusive. President Bush has been clear-headed about this possibility. Since Sept. 11 he has often said that the fight against terrorism will be difficult and prolonged. Yet no amount of presidential speechmaking can really prepare Americans for the possibility that the fate of Osama bin Laden may remain unclear for some time. The uncertainty seems especially maddening just days after everyone saw the videotape of the terrorist leader chuckling over the collapse of the World Trade Center towers. He could turn up, dead or alive, at any time — or not at all. He may be hiding in the inhospitable, snow-capped high country above Tora Bora, the last redoubt of the Qaeda network in Afghanistan. He could be entombed in one of the area's many caverns, if an American bomb happened to hit the right cave during the heavy bombardment of recent days. Or he may have slipped away days ago and melted into the desolate region along the Pakistani border. The war in Afghanistan, not to mention the war against terrorism, will never seem complete without the capture or confirmed death of Osama bin Laden and his two top surviving deputies, Ayman al- Zawahiri and Abu Zubaydah. The terrorist Al Qaeda organization, with cells in dozens of countries, is likely to outlive them, but it will be much weaker once its leaders are gone. It would also be reassuring if American or Afghan forces could find Mullah Muhammad Omar, the Taliban leader who fled into the hills just before the surrender of Kandahar this month. Still, the Taliban have been evicted from power in Afghanistan more swiftly and with fewer American and Afghan casualties than anyone dared hope back in the bleakest days of September. The United States and its allies have promised to help rebuild Afghanistan and give it a chance to establish a democratic government. These advances will not come easily in a land accustomed to lawlessness, but the first steps seem promising. At least for the moment, the bin Laden network has been badly disrupted. Its leaders are on the run, many of its financial lifelines have been severed and security measures in countries around the world have been enhanced to prevent new attacks and to identify and prosecute terrorists. Without Afghanistan as a base, Al Qaeda will find it harder to marshal and train its forces and send them abroad on new missions. Where Mr. Bush plans to take the war after Afghanistan is unclear. There is talk of going after terrorists in Somalia, Indonesia and the Philippines, and a lot of rumbling in Washington about unseating Saddam Hussein in Iraq. These options require much more careful consideration, and national debate before Mr. Bush makes any decisions. Right now, a great deal of military and political work remains to be done in Afghanistan. And the hunt for Osama bin Laden must go on. That phase of the war on terrorism may yet have a clear resolution.

To: Jim Willie CB who wrote (45328)	12/19/2001 1:28:56 AM
From: stockman_scott	Respond to of 65232

Fed caught by severity of slowdown By Gerard Baker in Washington Financial Times Published: December 18 2001 21:10 \| Last Updated: December 19 2001 00:26 news.ft.com <<...Michael Moskow, the president of the Chicago Fed, said that when policymakers saw the severity of the slowdown, they responded with unaccustomed speed. "I think it was clear we needed to act quickly. Every slowdown is different and this one has a lot of unique elements to it - the speed with which it happened was much quicker than most people expected." Policymakers vigorously defended the Fed against the charge that it was responsible for the recession because of its failure to raise rates and bring equity prices back to earth in the late 1990s. "I don't think we've ever been comfortable with the idea that it's our role to try to make stock prices go down," said Robert McTeer, the president of the Dallas Fed...>>