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To: Lucretius who wrote (245397)6/12/2003 4:11:36 PM
From: MythMan  Read Replies (1) | Respond to of 436258
 
This looks bullish for the auto companies, especially GM, don't you think? -s-

>>4:08PM Delphi Auto lowers Q2 guidance (DPH) 9.59 +0.07: Co lowers Q2 guidance to net income of $85-$95 mln (which includes a $25 mln after-tax charge), EPS of $0.15-$0.17, and revs of $7.0-$7.1 bln -- down from previous guidance of net income of $160-$200 mln on $7.0-$7.3 bln. Co cites weakness in mkt demand and production volumes, as well as an adverse legal judgment and timing of portfolio-related actions such as facility closures and employee separations.<<