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Technology Stocks : fedex: phantom internet play -- Ignore unavailable to you. Want to Upgrade?

To: Ingenious who wrote (12)	1/20/1999 1:36:00 PM
From: Darryl Olson	Respond to of 26

Perry & Co. Announces Investment Opinion on Top 20 Internet Plays to Keep an Eye On in 1999: biz.yahoo.com

To: Ingenious who wrote (12)	3/18/1999 10:13:00 AM
From: Darryl Olson	Read Replies (1) \| Respond to of 26

Please refer to last paragraph. FedEx beats Q3 estimates, sets split By Steve Gelsi, CBS MarketWatch Last Update: 9:56 AM ET Mar 18, 1999 NewsWatch MEMPHIS, Tenn. (CBS.MW) -- FDX posted better-than-expected third quarter earnings and set a 2-for-1 stock split on Thursday. FDX (FDX) the parent of package deliverer FedEx, said it earned 52 cents per share, well ahead of the 41 cents per share in a First Call survey of analysts. Shares of FDX jumped 4 1/8 to 97 1/16 in early trading on Thursday. FDX said its third quarter earnings of 52 cents per share rose from last year's tally of 12 cents per share. Excluding this year's cost of contingency plans related to the FedEx pilot negotiations and last year's merger expenses related to the Caliber acquisition, earnings for the quarter were 87 cents per share, up from 65 cents per share a year ago. Revenue was $4.1 billion, up 3 percent from last year's $4 billion. Net income was $78 million, up from last year's $18 million. "FDX Corp. is benefiting from the accelerated move to fast-cycle production and distribution methods, the growth in electronic commerce and supply chain reengineering," Chairman, President and Chief Executive Officer Frederick W. Smith said in a statement.