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======================== THE MOTLEY FOOL ======================== B R E A K F A S T N E W S Thursday, April 26, 2001 benjamin.rogers@enron.com ================================================================= IN THIS ISSUE --------------------- - TOP STORY: ALCATEL JOINS TELECOM SLUMP http://www.fool.com/m.asp?i=398554 - NEWS TO GO: DAIMLERCHRYSLER, UAL CORP., AND GAS PRICES http://www.fool.com/m.asp?i=398555 - HOT TOPICS: DISNEY, APPLE, AND IBM http://www.fool.com/m.asp?i=398556 ================================================================= SPONSORED BY: BUYandHOLD Hey Fool! Want to know the SECRET to long-term investing? Compounding and dollar-cost averaging! Start investing with as little as $20! Just $2.99 per order! http://www.lnksrv.com/m.asp?i=398557 "A salesman is one who sells goods that won't come back to customers who will." -- Anonymous ----------------------------------------------------------------- TOP STORY ----------------------------------------------------------------- ALCATEL JOINS TELECOM SLUMP Telecommunications equipment maker Alcatel (NYSE: ALA) reported sharply lower Q1 net income, despite rising sales. The company's Q1 EPS dropped to $0.18 from $0.26 a year ago, though sales increased 21%, beating Street estimates of 17% growth. Alcatel expects a 5% to 15% sales increase this year. <<FULL STORY: http://www.fool.com/m.asp?i=398558 ----------------------------------------------------------------- NEWS TO GO ----------------------------------------------------------------- Got the Benz? DaimlerChrysler (NYSE: DCX) reported a $545.7 million Q1 operating loss, against a $2.19 billion profit a year ago. While the loss was a quarter to a third less than projected, it was hardly cause for investor rejoicing. The company was weighed down strongly by Freightliner, its sagging U.S. heavy truck unit, which faces a 50% decline in the North American market. During the quarter, the company took a $2.78 billion charge for restructuring Chrysler and 37.3%-owned Mitsubishi, and implemented a plan to cut Chrysler jobs 20%, or 26,000, over three years. Yet despite belt-tightening, the company's marketing expenses as a percent of revenue ballooned from 13.3% last year and 18.3% last quarter to 21.1%, against Ford Motor's (NYSE: F) 12.2%. Look out, Warren Buffett! United Airlines parent UAL Corp. (NYSE: UAL) plans to offer within five years a fractional-jet ownership service with 200 planes seating six to 14 people. The current market leader is Berkshire Hathaway's (NYSE: BRK.A) Executive Jet unit, now running full-page glossy ads with a smiling Buffett enjoying his flight in a plane's commodious interior. Executive Jet sports 265 planes and reportedly plans to add 55 to 70 annually over the next five years. CEO Richard Santulli said he welcomes the competition, and jabbed, "[United] won't have that luxury of putting up a 'cancelled' sign for a flight with corporate jets." Feet on the gas. Rising natural gas prices made profits, uh, gush at Chevron (NYSE: CHV), Amerada Hess (NYSE: AHC), Unocal (NYSE: UCL), and Kerr-McGee (NYSE: KMG). For the quarter ended March 31, the companies' earnings per share jumped 57%, 115%, 53%, and 65%, respectively, over the year-ago period, stomping Street estimates all around. Home sweet home. The U.S. Commerce Department announced that March new home sales spiked 4.2% for a seasonally adjusted annual rate of 1.02 million units, with used home sales up 4.8% to a 5.44 million annual pace, just below June 1999's record 5.45 million rate. The median price for an existing home bumped up 6.5% from a year ago to $143,500, while the average price for an existing home increased 4.7% to $179,600. Historically low unemployment and declining mortgage rates are likely causes. ----------------------------------------------------------------- HOT TOPICS ----------------------------------------------------------------- MICKEY MOUSE MAKES THE MARK Fools review Disney's earnings report and ask, "Is the glass half-full or half-empty?" http://www.fool.com/m.asp?i=398559 APPLE'S IBOOK ON LAUNCHING PAD "It appears that the long-awaited refresh of the iBook is coming. But [it] emerges with some interesting questions and handicaps." http://www.fool.com/m.asp?i=398560 BIG BLEW? IBM buys Informix and picks up 100,000 customers for its database business. But is this a true gain? http://www.fool.com/m.asp?i=398561 <<MORE HOT TOPICS http://www.fool.com/m.asp?i=398562 ================================================================= SPONSORED BY: BUYandHOLD Hey Fool! Want to know the SECRET to long-term investing? Compounding and dollar-cost averaging! Start investing with as little as $20! Just $2.99 per order! http://www.lnksrv.com/m.asp?i=398563 ================================================================= My Portfolio: http://www.fool.com/m.asp?i=398564 My Discussion Boards: http://www.fool.com/m.asp?i=398565 My Fool: http://www.fool.com/m.asp?i=398566 Fool.com Home: http://www.fool.com/m.asp?i=398567 My Email Settings: http://www.fool.com/community/freemail/freemaillogin.asp?email=benjamin.rogers@enron.com 25 INVESTING IDEAS FOR A DOWN MARKET Our Rule Maker team has picked out 25 high-quality companies with realistic valuations. Check them out and see if one of these investments is right for you. http://www.lnksrv.com/m.asp?i=398568 GET WHAT YOU'VE BEEN MISSING! Check out our Member Benefits Center for our latest special offers, just for you. http://www.fool.com/m.asp?i=398569 FOOL DIRECT EMAIL SERVICES Unsubscribe, change your settings, temporarily suspend mail delivery: http://www.fool.com/community/freemail/freemaillogin.asp?email=benjamin.rogers@enron.com EMAIL DISCUSSION BOARD Let us know what you think of our email products: http://www.fool.com/m.asp?i=398570 _________________________________________________________________ © Copyright 2001, The Motley Fool. All rights reserved. This material is for personal use only. Republication and redissemination, including posting to news groups, is expressly prohibited without the prior written consent of The Motley Fool. MsgId: msg-30034-2001-04-26_9-13-35-3321559_2_Plain_MessageAddress.msg-09:19:41(4-26-2001) 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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