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To: The Freep who wrote (46055)7/17/2002 5:10:26 PM
From: Sully-  Respond to of 209892
 
17:08 ET IBM (IBM) 70.69 +1.68: -- Update -- On conference call, company lowers second half forecast for its Global Services division to "modest revenue growth" from its earlier forecast of double digit growth... Stock at 71.10.

17:06 ET Advanced Micro misses earnings estimates (AMD) 9.33 -0.07: Company reports Q2 net loss of $0.54 per share, $0.09 worse than the Multex consensus; Q2 revs came in at $600 mln vs the consensus of $600 mln; note that the earnings miss comes despite two earnings warnings issued during the quarter; expects sequential flash growth which fits with the strength in SNDK's results; AMD sees Q3 sales up modestly vs the current consensus estimate for sales of $670 mln.



To: The Freep who wrote (46055)7/17/2002 5:11:33 PM
From: The Freep  Respond to of 209892
 
From the "when two warnings just won't do" department at freepbriefing.com

17:06 ET Advanced Micro misses earnings estimates (AMD) 9.33 -0.07: Company reports Q2 net loss of $0.54 per share, $0.09 worse than the Multex consensus; Q2 revs came in at $600 mln vs the consensus of $600 mln; note that the earnings miss comes despite two earnings warnings issued during the quarter; expects sequential flash growth which fits with the strength in SNDK's results; AMD sees Q3 sales up modestly vs the current consensus estimate for sales of $670 mln.



To: The Freep who wrote (46055)7/17/2002 5:24:05 PM
From: UnBelievable  Read Replies (1) | Respond to of 209892
 
AG said that the overwhelming majority of stock is owned by the wealthiest 20% of the people in our country.

I guess the other 80% don't mind having the purchasing power of their dollars cut so that the stock market can be propped up.

While none of this is new or unique to our society or country we have raised separating people from their money to an art form. What was it that AG called fraud - theft? Clearly no part of our economy has derived greater benefit from technology than the process of separating the people from their money while providing nothing of value in return.