AFTERMARKET NEWS

verfasst von leibovitz, 28.08.2002, 08:46

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- Bush, Saudi Ambassador seek to mend rift over Iraqi leader Saddam Hussein

- U.S. to have $157 Billion deficit for 2002 fiscal year, Congress reports.
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- Iraq could avoid U.S.- led attack by re-admitting UN Inspectors, Straw says
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- Wal-Mart (WMT) plans to add 800,000 workers worldwide over next five years,
bringing total global workforce to more than 2 million, USA Today reports

- Hewlett-Packard (HPQ) rpts Q3 of 14cts in line, Revenues $16.53 Bln versus $16.82 Bln, affirms guidance for Q4 of 22cts, however conditions point to continued weak IT spending, must accelerate cost reductions, buying cycles
lengthening, job cutting plan on track, still sees corp./consumer weakness
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- H&R Block (HRB) Q1 1cts, 11cts better, sees FY03 $2.80-3.00 vs $2.60-2.75
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- Nortel (NT) to cut 7000 additional jobs by year end, sales to miss forecast
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- Global flat-panel sales to slump in third quarter, DisplaySearch says

Global flat-panel sales to slump in third quarter, DisplaySearch says.

- Washington Mutual (WM) buys Homeside Parent from NationalBank for $2 Billion
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- Merrill Lynch (MER) told to pay a Pennsylvania couple $7.7 Million in one of
the largest awards to individual investors by a securities firm

- SEC rejects Global Crossing settlement proposal, WSJ reports
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- Wyeth's (WYE) $2 Bln credit line has higher costs as banks tighten lending
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- Boeing machinists union says final offer falls short, making strike likely
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- Microsoft judge to consider ordering MSFT to include Sun Microsystems Java
programming language in Windows

- Consumer Confidence was flat at -11 in the latest week (ABC/Money Magazine P.)
- API report: for the week ending Aug. 23, US Crude & Product Inventories
increased 2.2 Mio Barrels (mb) versus the prior week (est. decr. 2.1 mb)

- Microsoft (MSFT) plans to distribute Windows XP update within 10 days as
part of an effort to comply with the terms of an antitrust agreement

- Nortel Networks (NT) sees Q3 Revenue below 2Q by up to 10%, below prior view, to cut additional 7,000 jobs by end of 2002, says has sufficient liquidity
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- WorldCom's former CFO may be indicted this week (WSJ reported)
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- Brown-Forman (BF/B)'s Q1 net 53c (est. 48c), Revs $479.6M (est. $490.9M),
reaffirmed FY03 outlook

Info- Today's Analyst Meetings: CA, TQNT
- Earnings due Today: DG 12c

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• AFTERMARKET NEWS - leibovitz, 28.08.2002, 08:46