Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (25387)	1/22/2003 7:26:58 AM
From: LTK007	Respond to of 30712

01/22 07:06 J.P. Morgan Has $387 Mln 4th-Qtr Loss on Enron Suit (Update1) By Michael Nol New York, Jan. 22 (Bloomberg) -- J.P. Morgan Chase & Co. lost $387 million in the fourth quarter after the second-biggest U.S. bank wrote off losses related to bankrupt energy trader Enron Corp. and set aside money to cover the cost of lawsuits. The net loss was 20 cents a share, the bank said. In the final quarter of 2001, J.P. Morgan lost $332 million, or 18 cents a share, as it wrote off bad loans to Enron and investments in Argentina. The bank's second loss in five quarters shows how Chief Executive William Harrison's strategy of financing some of the fastest-growing energy and telecommunications companies in the 1990s backfired. The bank has had only one quarter of rising profit since it was formed two years ago by the merger of Harrison's Chase Manhattan Corp. with J.P. Morgan & Co. ``Everywhere they turn, they're getting smacked,'' said Wayne Bopp, who helps Fifth Third Bancorp manage $30 billion, including about 585,000 J.P. Morgan shares. ``Their business model is positioned for maximum punishment in this type of environment.'' J.P. Morgan shares have risen 5.9 percent this year. Yesterday, the stock fell 77 cents to $25.42 in composite trading on the New York Stock Exchange.

To: DebtBomb who wrote (25387)	1/22/2003 7:32:05 AM
From: LTK007	Read Replies (2) \| Respond to of 30712

from briefing WHEW the smell from Intel <<22-Jan-03 07:26 ET Intel COO sells 900,000 shares (INTC) 16.29: The Financial Times reports that president and COO Paul Otellini sold nearly two-thirds of his stake in the co last week(edit--2/3s!!!!!! well well don't you think INTC is a buy now-LOL!--max), according to an SEC filing released yesterday.>>