=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D TH=
E MOTLEY FOOL =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
=3D=3D=3D=3D
                   B R E A K F A S T   N E W S
                    Friday, September 21, 2001
benjamin.rogers@enron.com
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

IN THIS ISSUE
---------------------
- TOP STORY: Insurance Losses Keep Climbing
  http://www.fool.com/m.asp?i=3D500732
 =20
- NEWS TO GO: Palm, Jabil, and Nike
  http://www.fool.com/m.asp?i=3D500733
=09
- POST OF THE DAY: Global Crossing Dividends
  http://www.fool.com/m.asp?i=3D500734

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

SPONSORED BY: Ameritrade
Ameritrade brings you the market's most valuable commodity:
Knowledge.  Get a free 6-month Morningstar.com=AE
Premium Membership when you open an account.
http://www.lnksrv.com/m.asp?i=3D500735
		=09
"The worst bankruptcy in the world is the person who has lost=20
his enthusiasm." -- H. W. Arnold

-----------------------------------------------------------------
TOP STORY
-----------------------------------------------------------------

INSURANCE LOSSES KEEP CLIMBING
Property and casualty insurer Chubb (NYSE: CB) reported=20
yesterday that it expects pre-tax losses of $500 million to $600=20
million from last week's terrorist attacks. The company's most=20
recent estimate is well above its earlier approximation of $100=20
million to $200 million, which only included property losses.=20
Many investors expect the majority of insurance companies to=20
follow in Chubb's footsteps and raise original forecasts.=20

>>FULL STORY:
http://www.fool.com/m.asp?i=3D500736

-----------------------------------------------------------------
NEWS TO GO
-----------------------------------------------------------------

Personal digital assistant developer Palm (Nasdaq: PALM)=20
reported disappointing first-quarter results after the market's=20
close yesterday. Revenue dropped 47% year-over-year to $214=20
million. The company posted a pro forma net loss of $38.7=20
million, or $0.07 per share, compared with a profit of $23.9=20
million, or $0.04 per share, in the year-ago period. That beat=20
Wall Street's expectation by two cents. Palm also said it cut=20
operating costs nearly 25%.=20

Contract electronics manufacturer Jabil Circuit (NYSE: JBL)=20
reported fourth-quarter earnings a penny below Wall Street's=20
consensus expectation and warned of disappointing first-quarter=20
results. The company posted pro forma net income of $26 million,=20
or $0.13 per share, compared to $47.6 million, or $0.24 per=20
share, in the year-ago quarter. Revenue declined to $944 million=20
compared to $1.1 billion in the same quarter last year.=20

Nike (NYSE: NKE) announced a drop in profits that nonetheless=20
beat Wall Street's first-quarter earnings expectation by four=20
cents. Nike posted earnings of $204 million, or $0.75 per share,=20
compared to $210 million, or $0.77 per share, in the year-ago=20
period. Revenue fell slightly year-over-year to $2.61 billion.=20
The company had planned on reporting Monday, but postponed due=20
to the terrorist attacks.

Storage giant EMC (NYSE: EMC) announced yesterday that it would=20
probably report a third-quarter loss, citing a worldwide=20
slowdown in technology spending and a growing recession. EMC=20
said at its current expense run rate, breaking even would=20
require approximately $1.8 billion in revenue this quarter. In=20
response to the difficult economic and information technology=20
spending, the company also said it was cutting more than 2,000=20
jobs this year.=20

-----------------------------------------------------------------
POST OF THE DAY
-----------------------------------------------------------------

GLOBAL CROSSING DIVIDENDS
"...the fact that GX is paying the preferred dividends in CASH=20
instead of by issuing additional shares is a big positive. If GX=20
thought they were in an imminent cash crunch, they would have=20
exercised the option to pay the dividend requirement in=20
additional shares."=20

>>FULL POST:
http://www.fool.com/m.asp?i=3D500737

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

SPONSORED BY: Ameritrade
Ameritrade brings you the market's most valuable commodity:
Knowledge.  Get a free 6-month Morningstar.com=AE
Premium Membership when you open an account.
http://www.lnksrv.com/m.asp?i=3D500738

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

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MsgId: msg-21679-2001-09-21_8-56-54-3221413_2_Plain_MessageAddress.msg-08:5=
8:09(9-21-2001)
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