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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: Techplayer who wrote (12933)11/14/2002 8:34:59 AM
From: Oral Roberts  Read Replies (2) | Respond to of 57110
 
Sales ex auto's is up .7 so it's time to party!!!! Never mind that last months was also revised down from +1 to -.05 and never mind that they will likely revise this downward next month, for today it's time to drink the kool aid. I also see AMAT is up after guiding for next quarter from a profit to breakeven or loss. I must not have understood them correctly I guess.



To: Techplayer who wrote (12933)11/14/2002 9:59:50 AM
From: Jorj X Mckie  Respond to of 57110
 
06:50 ET HI Household Intl to be acquired by HSBC for approx. $30 stock, or $14 bln (22.46) -- Update --
The deal calls for the nation's second-largest consumer credit company to receive 2.675 HSBC ordinary shares, or 0.535 ADRs, for each Household share. That translates to roughly $30.00 per share, or a 34% premium. However, shares of HSBC Holdings (HBC 56.05), the UK's largest bank, are trading about 4% lower on the news. Deal will come as a surprise to many given that HI shares are trading at multi-yr lows and down 65% since April.