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Enron Mail |
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D TH= E MOTLEY FOOL =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D B R E A K F A S T N E W S Friday, September 21, 2001 benjamin.rogers@enron.com =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D IN THIS ISSUE --------------------- - TOP STORY: Insurance Losses Keep Climbing http://www.fool.com/m.asp?i=3D500732 =20 - NEWS TO GO: Palm, Jabil, and Nike http://www.fool.com/m.asp?i=3D500733 =09 - POST OF THE DAY: Global Crossing Dividends http://www.fool.com/m.asp?i=3D500734 =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D SPONSORED BY: Ameritrade Ameritrade brings you the market's most valuable commodity: Knowledge. Get a free 6-month Morningstar.com=AE Premium Membership when you open an account. http://www.lnksrv.com/m.asp?i=3D500735 =09 "The worst bankruptcy in the world is the person who has lost=20 his enthusiasm." -- H. W. Arnold ----------------------------------------------------------------- TOP STORY ----------------------------------------------------------------- INSURANCE LOSSES KEEP CLIMBING Property and casualty insurer Chubb (NYSE: CB) reported=20 yesterday that it expects pre-tax losses of $500 million to $600=20 million from last week's terrorist attacks. The company's most=20 recent estimate is well above its earlier approximation of $100=20 million to $200 million, which only included property losses.=20 Many investors expect the majority of insurance companies to=20 follow in Chubb's footsteps and raise original forecasts.=20 <<FULL STORY: http://www.fool.com/m.asp?i=3D500736 ----------------------------------------------------------------- NEWS TO GO ----------------------------------------------------------------- Personal digital assistant developer Palm (Nasdaq: PALM)=20 reported disappointing first-quarter results after the market's=20 close yesterday. Revenue dropped 47% year-over-year to $214=20 million. The company posted a pro forma net loss of $38.7=20 million, or $0.07 per share, compared with a profit of $23.9=20 million, or $0.04 per share, in the year-ago period. That beat=20 Wall Street's expectation by two cents. Palm also said it cut=20 operating costs nearly 25%.=20 Contract electronics manufacturer Jabil Circuit (NYSE: JBL)=20 reported fourth-quarter earnings a penny below Wall Street's=20 consensus expectation and warned of disappointing first-quarter=20 results. The company posted pro forma net income of $26 million,=20 or $0.13 per share, compared to $47.6 million, or $0.24 per=20 share, in the year-ago quarter. Revenue declined to $944 million=20 compared to $1.1 billion in the same quarter last year.=20 Nike (NYSE: NKE) announced a drop in profits that nonetheless=20 beat Wall Street's first-quarter earnings expectation by four=20 cents. Nike posted earnings of $204 million, or $0.75 per share,=20 compared to $210 million, or $0.77 per share, in the year-ago=20 period. Revenue fell slightly year-over-year to $2.61 billion.=20 The company had planned on reporting Monday, but postponed due=20 to the terrorist attacks. Storage giant EMC (NYSE: EMC) announced yesterday that it would=20 probably report a third-quarter loss, citing a worldwide=20 slowdown in technology spending and a growing recession. EMC=20 said at its current expense run rate, breaking even would=20 require approximately $1.8 billion in revenue this quarter. In=20 response to the difficult economic and information technology=20 spending, the company also said it was cutting more than 2,000=20 jobs this year.=20 ----------------------------------------------------------------- POST OF THE DAY ----------------------------------------------------------------- GLOBAL CROSSING DIVIDENDS "...the fact that GX is paying the preferred dividends in CASH=20 instead of by issuing additional shares is a big positive. If GX=20 thought they were in an imminent cash crunch, they would have=20 exercised the option to pay the dividend requirement in=20 additional shares."=20 <<FULL POST: http://www.fool.com/m.asp?i=3D500737 =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D SPONSORED BY: Ameritrade Ameritrade brings you the market's most valuable commodity: Knowledge. Get a free 6-month Morningstar.com=AE Premium Membership when you open an account. http://www.lnksrv.com/m.asp?i=3D500738 =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D My Portfolio: http://www.fool.com/m.asp?i=3D500739 My Discussion Boards: http://www.fool.com/m.asp?i=3D500740 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=3D500741 PERKS FOR FOOLS ONLY Get free stuff and special offers, just for you! http://www.fool.com/m.asp?i=3D500742 CUSTOMER SERVICE Ask our staff for help with email delivery problems. http://www.fool.com/m.asp?i=3D500743 =20 UNSUBSCRIBE Here's how to unsubscribe or change your settings. http://www.fool.com/community/freemail/freemaillogin.asp?email=3Dbenjamin.r= ogers@enron.com _________________________________________________________________ Copyright © 1995-2001 The Motley Fool. All rights reserved. Legal Information: http://www.fool.com/m.asp?i=3D500744 MsgId: msg-21679-2001-09-21_8-56-54-3221413_2_Plain_MessageAddress.msg-08:5= 8:09(9-21-2001) X-Version: mailer-sender-master,v 1.84=20 X-Version: mailer-sender-daemon,v 1.84=20 Message-Recipient: benjamin.rogers@enron.com
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