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======================== THE MOTLEY FOOL ======================== B R E A K F A S T N E W S Friday, October 5, 2001 benjamin.rogers@enron.com ================================================================= IN THIS ISSUE --------------------- - TOP STORY: Gateway Guides Lower http://www.fool.com/m.asp?i=510983 - NEWS TO GO: eSpeed, Starbucks, and AMD http://www.fool.com/m.asp?i=510984 - POST OF THE DAY: Morningstar on QCOM http://www.fool.com/m.asp?i=510985 ================================================================= SPONSORED BY: IBD Sign up for two FREE weeks of Investor's Business Daily and learn how to use this valuable source of investor information with an online tutorial from the Fool. http://www.lnksrv.com/m.asp?i=510986 "Wealth hastily gotten will dwindle, but those who gather little by little will increase it." -- Proverbs 13:11 ----------------------------------------------------------------- TOP STORY ----------------------------------------------------------------- GATEWAY GUIDES LOWER The bad news just keeps on coming for Gateway (NYSE: GTW). After the market closed yesterday, the troubled computer maker warned investors that it would lose $0.14 to $0.17 a share in the third quarter, excluding special charges. It had previously expected to lose only $0.04 a share. <<FULL STORY: http://www.fool.com/m.asp?i=510987 ----------------------------------------------------------------- NEWS TO GO ----------------------------------------------------------------- In a moving statement yesterday, eSpeed (Nasdaq: ESPD) chairman and CEO Howard Lutnick announced his firm's shares will resume trading today. eSpeed is the electronic brokerage subsidiary of Cantor Fitzgerald, which lost more than 730 employees when the World Trade Center was attacked. "eSpeed will never forget, never settle, and never give up," said Lutnick. "It is our promise that this company will stand as a testament to those we have lost and a badge of honor to those who have survived." http://www.fool.com/m.asp?i=510988 Starbucks (Nasdaq: SBUX) stock sweetened up more than 10% in after-hours trading after the company said it's sticking with its fiscal 2001 target of $0.46 a share. The world's top coffee retailer saw same-store sales for the five weeks ended Sept. 30 increase 1% despite the fact all its shops in North America were closed early on Sept. 11. Starbucks Chairman and Chief Global Strategist Howard Schultz even said the current economic conditions "provide a favorable environment to aggressively pursue our global expansion strategy." Another company reaffirming its quarterly target was Tommy Hilfiger (NYSE: TOM). The trendy clothing retailer said its fiscal second quarter should meet expectations, but "in light of continuing economic weakness and the impact on consumer confidence" caused by the terrorist attacks, the company is lowering its full-year EPS target. CEO Joel Horowitz said he's particularly concerned about the holiday season. Advanced Micro Devices (NYSE: AMD) said early this morning that third-quarter sales would come in around $766 million, a decline of 22% from the second quarter. The chip maker expected only a 15% sequential decline. Chief executive W.J. Sanders III said average selling prices for PC processors fell sharply in the face of "very aggressive competition," but believes his company maintained, or even gained, market share. Grocery giants Safeway (NYSE: SWY) and Albertson's (NYSE: ABS) are teaming up in a lawsuit against the United Food and Commercial Workers labor union. The two companies say the UFCS "engaged in blatant voting irregularities'' in a vote to approve a new labor contract. According to the lawsuit, some union locals are attempting to kill the contract offer by various means, including denying some employees the chance to vote and allowing others to vote twice. Standard & Poor's said yesterday that Teco Energy (NYSE: TE) will be added to the S&P 500 Index next week. Teco will replace Global Crossing (NYSE: GX), which is getting the boot due to "lack of representation." Global is trading at just over $1 a share. With an upper deck shot in the 9th inning in Houston, San Francisco outfielder Barry Bonds hit his 70th home run of the year last night, tying Mark McGwire's single-season record. Bonds will have a chance to break the record at home now, as the Giants close out the season with a three-game series against arch-rival Los Angeles, beginning tonight. ----------------------------------------------------------------- POST OF THE DAY ----------------------------------------------------------------- MORNINGSTAR ON QCOM "The report offers one criticism of QCOM which I thought did make sense, and which I haven't seen any discussion of on this board, and that has to do with the accounting framework which QCOM prefers to report trends in earnings and expenses. In particular, the frequency and regularity of one-time charges taken struck me as suspect. Since QCOM excludes these charges from its customary pro-forma income statements, the growth in earnings gets overstated, and the growth in expenses and related costs understated. In some cases, the differences between the pro-forma and GAAP statements for the same quarter are exceptionally large." <<FULL POST: http://www.fool.com/m.asp?i=510989 ================================================================= SPONSORED BY: IBD Sign up for two FREE weeks of Investor's Business Daily and learn how to use this valuable source of investor information with an online tutorial from the Fool. http://www.lnksrv.com/m.asp?i=510990 ================================================================= My Portfolio: http://www.fool.com/m.asp?i=510991 My Discussion Boards: http://www.fool.com/m.asp?i=510992 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=510993 PERKS FOR FOOLS ONLY Get free stuff and special offers, just for you! http://www.fool.com/m.asp?i=510994 CUSTOMER SERVICE Ask our staff for help with email delivery problems. http://www.fool.com/m.asp?i=510995 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=510996 MsgId: msg-25275-2001-10-05_10-32-44-3796472_2_Plain_MessageAddress.msg-10:34:06(10-05-2001) 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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