The chief predicts a 30 percent sequential drop in earnings for the current quarter. CEO Meg Whitman is successfully keeping a lid on costs. EBay says revenue for the second and third quarters should be higher than analysts' estimates. ENE First-quarter revenue is quadruple that of a year ago as Enron enjoys a sellers' market for electricity. With its fiber-optic network complete and demand for streaming media slow, the broadband unit lays off 20 percent of its employees.
Analysts now consider the stock a bargain.
NWS James Murdoch, chairman of News Corp.'s Star Group, attacks the Western press for being too critical of the Chinese government. It is also closing the gap on Ericsson's lead in networking gear. Notebook computers will replace paper. SCH Schwab's customers execute 176,500 trades in March, half the volume in March 2000. SUNW Earnings for the quarter ended April 1 are 43 percent below the same period last year.