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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: accountclosed who wrote (12708)	12/9/1998 5:29:00 PM
From: MythMan	Read Replies (2) \| Respond to of 86076

>>On the Dow, shares of Merck (MRK), a joint-venture partner of Astra, tumbled 6-13/16 to 152. The sharp decline, which came in the last hour of trading, was largely the result of the company issuing a lower-profit forecast for 1999 than Wall Street had expected.<<

To: accountclosed who wrote (12708)	12/9/1998 5:31:00 PM
From: MythMan	Respond to of 86076

Cleveland-based Parker Hannifin Corp. (PH) told Wall Street late Wednesday it expects second quarter results, due out Jan. 19, to miss their mark. <Picture>The industrial parts maker blamed the anticipated profit shortfall on reduced orders stemming from softness in the semiconductor industry and economic uncertainties in Asia, Latin America and Europe. <Picture>Diluted earnings per share are expected to be 10 percent to 15 percent below the 63 cents per share Parker Hannifin posted in the year-ago quarter.