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Non-Tech : The Dazzling and New Women of SI Thread -- Ignore unavailable to you. Want to Upgrade?

To: Rainy_Day_Woman who wrote (165)	5/13/2002 9:10:31 AM
From: Rainy_Day_Woman	Read Replies (1) \| Respond to of 228

8:50AM: The pre-market tone remains favorable with the S&P 500 currently trading 5.4 points above fair value while the Nasdaq 100 PMI is up 10.29 points. Sears (S) is in the news this morning with the announcement that they have entered into a definitive agreement to acquire Lands End (LE) for $62 per share in cash, or approximately. $1.9 bln. The transaction is expected to be slightly dilutive to break-even in 2002 and 2003 and significantly accretive in 2004. Sears says the transaction does not alter its outlook for the year. Out of Barron's: positive comments on CCU and AEP with a fund manager favorable on CYTC, ITRI, JDEC, FDP, SNDK. No economic data due to be released today.