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Enron Mail |
======================== THE MOTLEY FOOL ======================== B R E A K F A S T N E W S Wednesday, September 19, 2001 benjamin.rogers@enron.com ================================================================= IN THIS ISSUE --------------------- - TOP STORY: Boeing to Cut Workforce http://www.fool.com/m.asp?i=497743 - NEWS TO GO: Airline aid, Honeywell, and Priceline http://www.fool.com/m.asp?i=497744 - POST OF THE DAY: Intel-Rambus New Contract http://www.fool.com/m.asp?i=497745 ================================================================= SPONSORED BY: Datek Online Datek Online. Built to trade. *Proprietary auto routing technology | *$9.99 commission for online equity trades | *60-second execution commitment. Apply for a Datek Account Now! http://www.lnksrv.com/m.asp?i=497746 "Americans can not only make on-line donations, they can figure out where to send food, where to donate blood, where to give clothes. They can find out how best to donate their time." -- President George W. Bush ----------------------------------------------------------------- TOP STORY ----------------------------------------------------------------- BOEING TO CUT WORKFORCE Boeing (NYSE: BA), the world's largest manufacturer of commercial jet aircraft, announced late last night that it would reduce employment by 20,000 to 30,000 by the end of 2002, 10% to 15% of its workforce. <<FULL STORY: http://www.fool.com/m.asp?i=497747 ----------------------------------------------------------------- NEWS TO GO ----------------------------------------------------------------- Congress and the Bush Administration continue discussions with airlines over a possible aid package. There are published reports that the President supports a $2.5 billion cash package -- half the airlines' $5 billion cash request -- to assist the airlines with lost revenues from the forced grounding of planes, in addition to loans and loan guarantees. Both the executive and legislative branches reportedly want to provide aid that recognizes the airlines' role in last week's tragedies, but does not assist them in revenue issues associated with the worsening economy. A difficult task, to be sure. Large pharmaceutical company Bristol-Myers Squibb (NYSE: BMY) reportedly will pay $1 billion for a 19.9% (okay, call it 20%!) stake in biotech cancer drug maker ImClone Systems (Nasdaq: IMCL). The deal would value ImClone at $70 a share, a 40% premium over yesterday's $50.01 close, and earn Bristol-Myers U.S. and Canadian marketing rights to ImClone's proposed monoclonal antibody cancer drug, IMC-C225, now pending Food & Drug Administration approval for colorectal cancer, and in trials for other cancers. Honeywell (NYSE: HON) said that its Q3 earnings would fall below previous estimates. The large manufacturer projected EPS of $0.43 to $0.45, below Wall Street's $0.53 consensus. The company also said that while its commercial aviation business provides 15% of its revenue, Honeywell remains well diversified and able to weather a downturn in the aviation portion of its operations. Shares of global telecom giant Cable & Wireless (NYSE: CWP) slumped up to 12% this morning in European trading in response to the company's warning that its first-half revenue dropped as much as 5%. The company cited pricing pressure in voice and data services, adding that it expected revenue for the second half of the year to be off a similar 5%. Shares closed in the U.S. yesterday up $0.25 to $14.06, on the low end of their 52-week range of $13.45 to $45.63. Motley Fool telecom guru Bill Mann covers the company regularly. http://www.fool.com/m.asp?i=497748 In other earnings news, Eastman Kodak (NYSE: EK) reduced its Q3 EPS forecast from $0.90-$1.20 to $0.65, Linux software vendor Red Hat (Nasdaq: RHAT) reported a Q2 loss of $0.33 versus last year's $0.12, and Miracle-Gro maker The Scotts Company (NYSE: SMG) lowered FY 2001 EPS projections from $2.33-$2.63 to $2.00-$2.15. ----------------------------------------------------------------- POST OF THE DAY ----------------------------------------------------------------- INTEL-RAMBUS NEW CONTRACT "Any remaining tatters of a "special" Rambus-Intel relationship seem dead. Intel will no longer have a big potential stake in Rambus shares. The agreement probably occurred now because Intel is preparing to roll out the Brookdale, which will support both SDRAM and DDR." <<FULL POST: http://www.fool.com/m.asp?i=497749 ================================================================= SPONSORED BY: Datek Online Datek Online. Built to trade. *Proprietary auto routing technology | *$9.99 commission for online equity trades | *60-second execution commitment. Apply for a Datek Account Now! http://www.lnksrv.com/m.asp?i=497750 ================================================================= My Portfolio: http://www.fool.com/m.asp?i=497751 My Discussion Boards: http://www.fool.com/m.asp?i=497752 WANNA TAKE THE SHORTCUT? Check out our new Crash Courses, the fastest way to get your finances in order. Get results in less than an hour, for just $10. Try one today! http://www.fool.com/m.asp?i=497753 PERKS FOR FOOLS ONLY Get free stuff and special offers, just for you! http://www.fool.com/m.asp?i=497754 CUSTOMER SERVICE Ask our staff for help with email delivery problems. http://www.fool.com/m.asp?i=497755 UNSUBSCRIBE Here's how to unsubscribe or change your settings. http://www.fool.com/community/freemail/freemaillogin.asp?email=benjamin.rogers@enron.com _________________________________________________________________ Copyright © 1995-2001 The Motley Fool. All rights reserved. Legal Information: http://www.fool.com/m.asp?i=497756 MsgId: msg-4068-2001-09-19_9-18-49-3352997_2_Plain_MessageAddress.msg-09:20:09(9-19-2001) X-Version: mailer-sender-master,v 1.84 X-Version: mailer-sender-daemon,v 1.84 Message-Recipient: benjamin.rogers@enron.com
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