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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (11926)	7/31/2002 4:43:46 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 17639

best if read bottom up. 16:38 ET IM Ingram Micro beats by two cents; updates guidance (11.00 -0.05) Reports Q2 (Jun) earnings of $0.08 per share, $0.02 better than the Multex consensus of $0.06; revenues fell 11% year/year to $5.35 bln vs the $5.32 bln consensus; Q3 sales are expected to range from $5.30 billion to $5.45 billion, with net income before special items ranging from $13.5 million to $17.0 million, or $0.09 to $0.11 per diluted share -- current consensus estimates are for earnings of $0.09 per share on revenues of $5.42 billion. 16:34 ET PCLN priceline.com reports in line Q2, guides Q3 below consensus, announces buyback (1.85 +0.01) -- Update -- Reports Q2 EPS of $0.03, in line with the Multex consensus; revs were $304.5 mln, vs consensus of $309.4 mln. Expects Q3 EPS of $0.00-$0.02, vs consensus of $0.03. Co also announced that it will repurchase up to $40 mln of common stock, and that Cheung Kong Limited and Hutchison Whampoa Limited (PCLN's two largest stockholders) informed the co that they may purchase up to an additional $40 mln of PCLN common stock. 16:33 ET ADBE Adobe Systems warns for Q3 (23.96 -0.98) -- Update -- Announces it is reducing its third quarter revenue target range to $270 to $290 million from its previously stated target range of $300 to $320 million. Third quarter pro forma earnings per share are now targeted at $0.18 to $0.23, down from the original target of $0.24 to $0.27 -- current consensus estimates are for earnings of $0.25 per share on revenues of $309.4 million. 16:27 ET ADBE Adobe Systems halted-- news pending (23.96 -0.98)