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Enron Mail |
======================== THE MOTLEY FOOL ======================== B R E A K F A S T N E W S Thursday, September 27, 2001 benjamin.rogers@enron.com ================================================================= IN THIS ISSUE --------------------- - TOP STORY: Reliant Resources Buying Orion Power http://www.fool.com/m.asp?i=505043 - NEWS TO GO: Sonus Networks and Allegiance Telecom http://www.fool.com/m.asp?i=505044 - POST OF THE DAY: Adventures With a Mercedes 240D http://www.fool.com/m.asp?i=505045 ================================================================= SPONSORED BY: ING Direct Power Saving with ING DIRECT! The Orange Savings Account offers 4.00% annual percentage yield. With no fees and minimums, you have the advantage...Apply Now...member FDIC. http://www.lnksrv.com/m.asp?i=505046 "A fat wallet is the enemy of superior investment returns." -- Warren Buffett ----------------------------------------------------------------- TOP STORY ----------------------------------------------------------------- RELIANT RESOURCES BUYING ORION POWER Reliant Resources (NYSE: RRI) announced this morning plans to acquire Orion Power Holdings (NYSE: ORN) for $4.7 billion in cash and debt. For Reliant, the deal provides an opportunity to expand its portfolio of electricity-generating plants in robust deregulated markets, where government disruption is unlikely in the coming months. <<FULL STORY: http://www.fool.com/m.asp?i=505047 ----------------------------------------------------------------- NEWS TO GO ----------------------------------------------------------------- Network equipment maker Sonus Networks (Nasdaq: SONS) got hammered in after-hours trading after announcing that it expects a third-quarter pro forma net loss of $0.05 to $0.07 per share on sales of $40 million. That's well below Wall Street's expectations for sales and earnings of $54.4 million and $0.01 per share, respectively. Sonus will also take charges up to $466 million. Allegiance Telecom (Nasdaq: ALGX), a competitive local-exchange carrier, reported disappointing third-quarter results yesterday, citing the short-term impact of the terrorist attacks on Sept. 11. The company expects revenue of $135 million, well below Wall Street's expectation of $147.2 million. Allegiance also lowered its 2001 revenue target 5% below its previous expectation of $550 million, but maintained full-year earnings guidance. Guitar Center (Nasdaq: GTRC) was playing the warning blues yesterday when the music retailer announced that its third-quarter sales and earnings would fall short of Wall Street's expectations. Guitar Center expects sales between $219 million and $222 million, with earnings of $0.04 to $0.06 per share, versus Wall Street's current expectation of $0.16 per share. The company attributed its disappointing results to the terrorist attacks, which hurt sales. Enterasys Networks (NYSE: ETS), which makes network equipment such as routers and switches, reported second-quarter pro forma earnings of $23.1 million, or $0.11 per share, compared with earnings of $10.2 million, or $0.05 per share, in the year-ago quarter. Wall Street's consensus expectation called for earnings of $0.10 per share. Revenue increased roughly 26% to $240 million compared to $190.7 million in the same period last year. ----------------------------------------------------------------- POST OF THE DAY ----------------------------------------------------------------- ADVENTURES WITH A MERCEDES 240D "One thing about the Mercedes is that feeling of elegance. Just riding around behind that hood ornament is a big boost for one's ego. It gives me delusions of adequacy...But there is a price for the elegance, reliability, and convenience." <<FULL POST: http://www.fool.com/m.asp?i=505048 ================================================================= SPONSORED BY: ING Direct Power Saving with ING DIRECT! The Orange Savings Account offers 4.00% annual percentage yield. With no fees and minimums, you have the advantage...Apply Now...member FDIC. http://www.lnksrv.com/m.asp?i=505049 ================================================================= My Portfolio: http://www.fool.com/m.asp?i=505050 My Discussion Boards: http://www.fool.com/m.asp?i=505051 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=505052 PERKS FOR FOOLS ONLY Get free stuff and special offers, just for you! http://www.fool.com/m.asp?i=505053 CUSTOMER SERVICE Ask our staff for help with email delivery problems. http://www.fool.com/m.asp?i=505054 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=505055 MsgId: msg-26010-2001-09-27_8-52-47-3196704_2_Plain_MessageAddress.msg-08:54:08(9-27-2001) 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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