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

To: Cynic 2005 who wrote (16134)	1/19/1999 8:07:00 AM
From: MythMan	Read Replies (1) \| Respond to of 86076

yep there are always two sides. zero sum game. My bet is some large US money center banks have the other side.

To: Cynic 2005 who wrote (16134)	1/19/1999 8:24:00 AM
From: MythMan	Respond to of 86076

Merrill posts 23 percent drop in quarterly results Hey, they still beat expectations.... >>Reuters Story - January 19, 1999 07:59 NEW YORK, Jan 19 (Reuters) - Merrill Lynch and Co. Inc. , the nation's largest brokerage, on Tuesday posted a 23 percent decrease in fourth-quarter profits due to a steep drop in bond trading revenues, but still beat Wall Street expectations. Merrill earned $359 million, or 86 cents a share, in the fourth quarter ended Dec. 25. The results fell below the $469 million earnings, or $1.15 a share, Merrill reported in the year-ago period, but beat Wall Street expectations of 64 cents a share. Net revenues increased 2 percent to $4.1 billion, from $4 billion in the year-ago quarter. <<