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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (5091)	5/12/1999 12:28:00 PM
From: marc ultra	Read Replies (1) \| Respond to of 15132

re<<<<RUBIN RESIGNS TO TAKE CFO POSITION AT JUSTABID ** >>>> When interviewed Rubin said that while he had great satisfaction working for the American people, after discussing it with his family he simply could not turn down the offer by Mr.Werkenstiff to work in this exciting new medium. Mr. Rubin is expected to help guide Justabid toward an eventual IPO. There are some critics to the move however. Jim Rogers who we caught up with while de-icing his motorcycle at the North Pole was quoted as saying that this was a clear sign that inflation is re-emerging

To: Justa Werkenstiff who wrote (5091)	5/12/1999 9:19:00 PM
From: Justa Werkenstiff	Read Replies (4) \| Respond to of 15132

SFAM .... and why shareholders should be ticked about these closed conference calls: SpeedFam-IPEC Warns of Break-Even Results in Coming Fiscal Year Chandler, Arizona, May 12 (Bloomberg) -- SpeedFam-IPEC Inc., a U.S. semiconductor-equipment maker, warned it expects to break even in the coming year after losing money in the first half, results that would be well short of what analysts expected. Chief Financial Officer Roger Marach said the company will make enough of a profit in the second half of its fiscal year ending May 31, 2000, to offset the first-half losses. SpeedFam- IPEC was expected to earn 29 cents a share for the year, the average estimate of four analysts polled by First Call Corp. SpeedFam-IPEC, which makes equipment to polish chip surfaces during manufacturing, is locked in a battle for customers with Applied Materials Inc., the biggest maker of semiconductor equipment. It has lost market share and now expects sales of $270 million to $285 million next fiscal year, down from $374.3 million in fiscal 1998. ''They've lowered expectations to just about as low as they can go,'' said Theodore O'Neill, an analyst at Needham & Co. Marach said the company, formed last month when SpeedFam International Inc. acquired Integrated Process Equipment Corp., will lose 19 cents to 22 cents a share in the first quarter. It was expected to break even for the quarter. First-quarter sales will be $49 million to $52 million, he said. Chandler, Arizona-based SpeedFam-IPEC issued its earnings warning in a closed conference call with analysts after the close of U.S. trading. Its shares fell 3/16 to 14 11/16 today.