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To: Tom Hua who wrote (17883)1/3/2002 8:05:57 AM
From: Bocor  Respond to of 19633
 
Thursday January 3, 7:59 am Eastern Time
Dow says to miss fourth-quarter EPS target
MIDLAND, Mich., Jan 3 (Reuters) - Dow Chemical Co. (NYSE:DOW - news) warned on Thursday that it will not meet its previous earnings forecast for the fourth quarter, citing softer volume in several of its businesses as well as weaker profit margins in its basic chemicals and plastics units.

Midland, Michigan-based Dow, the No. 2 U.S. chemical company, said that it expects to miss its fourth-quarter earnings per share estimate of 10 cents to 20 cents a share.

The consensus estimate of analysts is 13 cents a share, according to Thomson Financial/First Call.

The company will report its fourth-quarter results on Jan. 31.



To: Tom Hua who wrote (17883)1/3/2002 8:15:20 AM
From: Bocor  Respond to of 19633
 
Peregrine Systems Tumbles After Predicting Loss


Peregrine Systems (PRGN:NYSE - news - commentary - research - analysis) was falling in the premarket session after cutting its third-quarter outlook.

The San Diego software company said it expects to lose 7 cents or 8 cents a share, pro forma before items, in the quarter; analysts had been expecting earnings of 10 cents a share. Peregrine, which expects third-quarter revenue of $175 million, cited the global economic slowdown.

On Instinet, the company's shares were recently losing 27% to $10.50 each.



To: Tom Hua who wrote (17883)1/3/2002 9:44:57 AM
From: jjs_ynot  Read Replies (2) | Respond to of 19633
 
Tom,

With regard to recovery, it seems that all the money from:
- lower energy prices
- lower financing costs (refinancing and 0 interest car loans)
- modest tax cuts
has already been pumped into the economy. The result has been a stabilization that the current level. I don't see where debt-ridden consumers are going to get more liquid assets to consume. I agree that a V-recovery seems very unlikely. Probably a lot more likely a wide U.

Regards,

Dave