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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (13664)	5/11/2004 6:24:00 PM
From: Peter Joseph	Read Replies (2) \| Respond to of 110194

Just finished listening in to the Cisco conference call. Very upbeat, more so than the previous few quarters. Sales up 22% year over year. And this is in Cisco's traditionally (seasonally) weakest quarter. Commodity pricing pressures barely a blip: Might affect gross margins by ~0.5% in the next quarter. Gross margin for this quarter was 68.8%! Also mentioned twice was the "continuing foreign exchange impact". Q4 guidance up 3-5% from Q3. Of course with the caveat of world GDP growth. <g> Consistent, but not spectacular, very Cisco-like results. At the very least, this should have a calming effect on the markets tomorrow. Peter, taking a break from the train-wreck doom and gloom <g>

To: russwinter who wrote (13664)	5/11/2004 6:36:57 PM
From: TheSlowLane	Respond to of 110194

Falco's copper customers will have to go elsewhere in the short-term... Falconbridge advances annual shutdown of Kidd copper smelter due to unplanned furnace outage 5/11/04 TIMMINS, ON, May 11, 2004 (Canada NewsWire via COMTEX) -- Falconbridge Limited (TSX: FL) announced today that it has shut down copper smelting operations at its Kidd Creek metallurgical facility in Timmins, Ontario due to an unexpected failure of the converting furnace roof cooling elements. Replacement and repair o f the failed components related to the incident will coincide with a decision to advance the maintenance outage originally scheduled for July. This event is anticipated to have a minimal effect on the planned annual copper cathode production due to a planned five-week maintenance shutdown during the summer. However, the smelter will be unable to meet all its contractual commitments to cathode customers in the near term. 'A water leak developed on the cooling system for the converting furnace roof,'stated Daniel Picard, General Manager of the Kidd Metallurgical Division. 'Cooling water came in contact with the molten copper in the furnace, with the resulting reaction causing damage to a section of the furnace roof,'he said. The company is conducting an investigation to determine the cause of the failure. While visible furnace roof damage may have been repairable, the five-week planned smelter outage has been advanced six weeks from July 1st to May 10th, 2004 due to overall furnace integrity concerns. The impact of this change on stakeholders will need to be discussed with employees, CAW local 599 and customers. The company does not anticipate any impact on production from the zinc plant or concentrator. Falconbridge Limited is a leading low-cost producer of nickel, copper, cobalt and platinum group metals. Its common shares are listed on the Toronto Stock Exchange under the symbol FL. Falconbridge is owned by Noranda Inc. of Toronto (59.2%) and by other investors (40.8%).