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B4 the Bell Frydaddy Oct 8, 2004


Guest yobob1

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MANHATTAN ASSOCIATES (MANH)

Cut third-quarter GAAP earnings guidance to 14 cents to

16 cents a share, hurt by delays in closing software

sales.

Price: $21.20

Net Change: -$4.74

% Change: 18.27% Loss

Volume: 2.2M Shares

 

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GRAFTECH INTERNATIONAL (GTI)

Sees third-quarter operating earnings of 11 cents to 13

cents and year earnings of 45 cents to 50 cents, both

below Wall Street expectations. Jefferies downgraded it

to hold from buy.

Price: $11.35

Net Change: -$2.30

% Change: 16.85% Loss

Volume: 5.0M Shares

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LIONBRIDGE TECHNOLOGIES (LIOX)

Expects to earn 3 cents to 4 cents a share in the third

quarter on $37.5 million to $38 million in revenue.

anal cysts had expected earnings of 9 cents a share. Roth

Capital and Piper Jaffray downgraded the stock.

Price: $5.60

Net Change: -$2.88

% Change: 33.96% Loss

Volume: 4.5M Shares

 

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SONICWALL INC (SNWL)

Expects third-quarter loss of a penny to 3 cents a

share, below previous guidance. JP Morgan cut its rating

to neutral from overweight.

Price: 5.9

Net Change: -$0.99

% Change: 14.37% Loss

Volume: 3.3M Shares

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Guest yobob1

Boing Boing Boeing lost the tanker contract (23.5 bil) in the wake of credibility damaging scandals. Funny, Haliburton just gets more business if they get caught screwing the pooch.

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The index's annualized growth rate, which smoothes out weekly fluctuations, fell by -0.6 percent from a revised -0.3 percent in the prior week.

 

"The throttling back in growth this summer was no soft patch, but rather a cyclical downturn in the growth rate of the economy that will continue through early 2005," Achuthan added.

 

http://www.businesscycle.com/showstory.php?storyID=729

"The throttling back in growth this summer was no soft patch, but rather a cyclical downturn in the growth rate of the economy that will continue through early 2005," Achuthan added.

 

Seems unequivocal. I agree completely with the conclusion there will be no recovery through 2005.

 

The Fed only added a $1.25 B, but used six day repos which indicates more additions next week.

 

In regards to the Fed actions to adjust the monetary base over the remainder of the month, I think the Fed will settle in at a higher channel around a 6% growth rate until about 2 to 6 weeks from now. By then they will realize the economy not only has not regained traction, but it slipped into reverse. After the POR, they will take even stronger action.

 

http://research.stlouisfed.org/publications/usfd/page3.pdf

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Just remember that when hard times manifest................YOU...........the

 

negative nabobs of negativism.........will be blamed by populace and

our "friends", who we tried to enlighten.

 

Best to probably keep a low profile going forward...............................

agree 110%

Uh wasn't that "nattering nabobs of negativism". :lol:

 

Spiro T. Agnew. Seems like yesterday.

His resignation was on Oct. 10, 1973 -- 31 years ago as of Sunday.

 

Thugs like Cheney make Agnew seem a rather harmless rogue by comparison ... :cry:

 

"Nattering nabobs of negativism" far exceeds the linguistic capacity of Cheney and Chimpster's combined ratiocinative powers ... :lol:

Pat Buchanan ghosted "nattering nabobs." He's around but even he thinks the smirking chimp is wrong.

stutz,

I believe it was William Safire who coined that phrase.

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Bastiat posted:

 

WASHINGTON : A closely watched index of future economic activity fell 0.3 percent in August, the third consecutive monthly decline, the Conference Board said on Thursday.

 

Bearbones posted:

 

NEW YORK, Oct 8 (Reuters) - A leading index of the U.S. economy inched higher in the latest week due to a decline in people filing for initial jobless claims and higher mortgage applications, a report showed on Friday.

 

Is it any wonder that the stock market just churns? :( :( :( :(

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There were significant changes taking place in the September payroll gains of 96,000. The most important were in healthcare and construction. To my surprise, there was no employment gain in either area. There was a small pickup of 8,000 at doctors' offices. Temp help gains of 33,000 accounted for just over one-third of the month's increase in employment. Manufacturing lost 18,000 jobs. The manufacturing workweek dropped 0.1 hour. Possibly the most telling story is that there are 7.7 million persons holding more than one job. That represents 5.5% of total employment vs 5.2% one year ago at this time. The small gains in September not already mentioned were financial services 24,000, real estate services 15,000, and utilities of 2,000. The BLS stated there was no quantifiable effect from the Florida hurricanes on the numbers. Please note that today's nonfarm payroll numbers do not include the agricultural workers impacted by the hurricanes.

 

from melduke's blog

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