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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (62911)	4/18/2002 2:12:17 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Fisher Scientific Boosts Earnings Forecast for This Year By Vivien Lou Chen quote.bloomberg.com Hampton, New Hampshire, April 17 (Bloomberg) -- Fisher Scientific International Inc., which makes laboratory supplies and equipment, said 2002 earnings will be about 3 cents a share higher than previously forecast because it's refinancing debt to save on interest expenses. Fisher Scientific expects to earn $1.65 to $1.70 a share excluding costs related to the refinancing, up from its previous estimate of $1.62 to $1.67, said company spokeswoman Gia Oei. Fisher Scientific, whose products and services are used by more than 350,000 customers worldwide, said it plans to issue $150 million in notes to help pay down $212 million in debt. Fisher Scientific shares fell 30 cents to $28.05 in regular U.S. trading. They've dropped 25 percent in the past year. The news was announced after U.S. markets closed.