enron mentions usa update 1 energy casts light gloomy profit season reuters english news service 10 16 01 usa energy permits light gloomy profit season reuters english news service 10 16 01 usa interview enron says may partner sell broadband business reuters english news service 10 16 01 usa update 6 enron posts loss taking 1 bln charges reuters english news service 10 16 01 enron third quarter loss expansion fails update 9 bloomberg 10 16 01 usa update 1 energy casts light gloomy profit season per jebsen 10 16 2001 reuters english news service c reuters limited 2001 new york oct 16 reuters energy mining companies provided glimmers light otherwise third quarter results monday tuesday helping fulfill expectations worst quarter 10 years technology bellwethers intel corp international business machines corp reported sharply lower profits little buck downward trend firstenergy corp owner electric utilities northern ohio western pennsylvania tuesday reported better expected 18 percent increase earnings citing increased electricity sales lower costs mining company freeport mcmoran copper gold inc reported third quarter profit reversed year earlier loss due higher gold production yet good news proving exception rule top chipmaker intel said tuesday close exchanges profits tumbled 77 percent suffered slowing global economies weak personal computer sales pc maker ibm announced first quarterly earnings decline since end 1999 weak sales continued weigh profits energy giant enron corp posted quarterly loss taking 1 01 billion charges companies range industries reported profit shortfalls including caterpillar inc world largest maker construction equipment unisys corp computer company earnings season one market digested cases predigested ugly therefore horrible ugly results met surprise point said michael holland runs 65 million holland balanced fund focus earnings focus investors continues outside earnings war terrorism specifically said dynegy inc natural gas power marketer trader monday said third quarter earnings rose 62 percent backbone wholesale energy business nearly doubled returns enron posted loss reported profit excluding charges rose 35 percent due strong performance core energy business energy companies manage earn pretty good money even prices said jon burnham portfolio manager 170 million burnham fund good well financed companies caterpillar helped lead litany earnings woes peoria illinois based company tuesday said third quarter earnings fell 5 percent higher expenses less efficient manufacturing company also said expects fourth quarter revenues slightly year ago quarter full year profit 10 percent 15 percent blamed economic uncertainty wake last month attacks expected shortfall added 2002 sales least flat slightly 2001 levels unisys monday reported third quarter profits plunged 50 percent due weakening demand high end server computers systems integration work said would cut 3 000 jobs slashed fourth quarter outlook taking grim tidings stride companies reported profit drops include novellus systems inc maker semiconductor production equipment charles schwab corp top u discount brokerage schwab said tuesday quarterly earnings fell 51 percent customers avoided stocks summer although surge september trading pointed better times ahead money managers taking grim profit tidings stride earnings situations stocks said burnham barring unforeseens national international situation market work way higher next 6 9 months whatever earnings quarter going matter much except cases considerably better expected worse said week busiest earnings 15 dow jones industrial average 180 standard poor 500 index companies scheduled report profits companies index expected shrink 22 8 percent according market research firm first call thomson financial making worst quarter since second quarter 1991 expected 6 2 percent decline beginning quarter 14 7 percent drop expected sept 10 said first call analyst joe cooper 85 p 500 companies far reported quarterly results 50 companies beaten recent often lowered wall street expectations 26 matched nine missed forecasts copyright 2000 dow jones company inc rights reserved usa energy permits light gloomy profit season per jebsen 10 16 2001 reuters english news service c reuters limited 2001 new york oct 16 reuters energy mining companies provided glimmers light otherwise third quarter results monday tuesday helping fulfill expectations worst quarter 10 years firstenergy corp owner electric utilities northern ohio western pennsylvania tuesday reported better expected 18 percent increase earnings citing increased electricity sales lower costs mining company freeport mcmoran copper gold inc reported third quarter profit reversed year earlier loss due higher gold production yet good news proving exception rule energy giant enron corp ene posted quarterly loss taking 1 01 billion charges companies range industries reported profit shortfalls including caterpillar inc world largest maker construction equipment unisys corp computer company earnings season one market digested cases predigested ugly therefore horrible ugly results met surprise point said michael holland runs 65 million holland balanced fund focus investors continues outside earnings war terrorism specifically said investors likely pay attention earnings reports tech bellwethers international business machines corp computer maker chipmaker intel corp scheduled released tuesday close trading dynegy inc natural gas power marketer trader monday said third quarter earnings rose 62 percent backbone wholesale energy business nearly doubled returns enron posted loss reported profit excluding charges rose 35 percent due strong performance core energy business energy companies manage earn pretty good money even prices said jon burnham portfolio manager 170 million burnham fund good well financed companies caterpillar helped lead litany earnings woes peoria illinois based company tuesday said third quarter earnings fell 5 percent higher expenses less efficient manufacturing company also said expects fourth quarter revenues slightly year ago quarter full year profit 10 percent 15 percent blamed economic uncertainty wake last month attacks expected shortfall added 2002 sales least flat slightly 2001 levels unisys monday reported third quarter profits plunged 50 percent due weakening demand high end server computers systems integration work said would cut 3 000 jobs slashed fourth quarter outlook companies reported profit drops include novellus systems inc maker semiconductor production equipment charles schwab corp top u discount brokerage schwab said tuesday quarterly earnings fell 51 percent customers avoided stocks summer although surge september trading pointed better times ahead money managers taking grim profit tidings stride earnings situations stocks said burnham barring unforeseens national international situation market work way higher next 6 9 months whatever earnings quarter going matter much except cases considerably better expected worse said week busiest earnings 15 dow jones industrial average 180 standard poor 500 index spx companies scheduled report profits companies index expected shrink 22 8 percent according market research firm first call thomson financial making worst quarter since second quarter 1991 expected 6 2 percent decline beginning quarter 14 7 percent drop expected sept 10 said first call analyst joe cooper 85 p 500 companies far reported quarterly results 50 companies beaten recent often lowered wall street expectations 26 matched nine missed forecasts copyright 2000 dow jones company inc rights reserved usa interview enron says may partner sell broadband business 10 16 2001 reuters english news service c reuters limited 2001 houston oct 16 reuters energy giant enron corp said tuesday reviewing strategic options loss making broadband telecommunications business could involve selling business finding partner addition us looking business standalone business clearly entertained discussions possibilities chief executive officer ken lay told reuters telephone interview earlier tuesday enron reported one time charges 1 01 billion broadband businesses outside core energy operations pushed company third quarter net loss 638 million first quarterly loss four years future options broadband business include sale partnership kinds possibilities said still think time valuable business lay said broadband market total meltdown added enron broadband unit owns 18 000 mile network posted loss 80 million third quarter lay said losses smaller subsequent quarters enron launched broadband business last year predicting network capacity would one day traded like natural gas electricity recently admitted overestimated market early potential scaled operations enron stock rose 87 percent last year driven enthusiasm broadband plans success enrononline internet energy commodity trading platform stock fallen 59 percent far year sentiment toward broadband project soured ceo jeff skilling resigned six months job wrangling continued enron stalled dabhol power plan project india enron shares tuesday closed 67 cents 2 02 percent 33 84 copyright 2000 dow jones company inc rights reserved usa update 6 enron posts loss taking 1 bln charges c bryson hull 10 16 2001 reuters english news service c reuters limited 2001 washington oct 16 reuters enron corp tuesday reported first loss four years taking 1 01 billion charges ill fated investments including water telecommunications services said clouded strength core energy businesses enron north america biggest marketer trader natural gas power said charges attempt put house order tumultuous year new chief executive suddenly resigned company stock lost two thirds value enthusiastic investors lost faith company tried clean anything thought needed cleaning get distractions way chief executive officer ken lay said conference call lay reassumed ceo mantle enron successor jeff skilling resigned august six months helm houston based enron reported third quarter net loss 638 million 84 cents share compared net income 271 million 34 cents share period 2000 enron first loss since second quarter 1997 charges covered company loss making broadband telecommunications business troubled water affiliate azurix new power co enron retail electricity joint venture aol time warner ibm commerzbank securities analyst andre meade said would probably take enron quarters rebuild confidence company wall street favorite 12 months ago couple things well stick knitting solid company stumbled strayed afield said meade enron stock closed 67 cents higher 33 84 tuesday year 59 percent underperforming standard poor utilities index spu fallen 23 percent period ill fated businesses originally natural gas pipeline operator enron seized opportunities created deregulation u energy markets become nation dominant wholesale marketer trader natural gas electricity company moved water services business 1998 acquiring britain wessex water forming azurix unit enron took public 1999 buy back year failed meet performance targets stock price tumbled enron helped set new power co take public last year stock since fallen 28 per share less 2 companies found hard make profit deregulated u residential electricity markets enron also launched broadband telecommunications business last year predicting network capacity would one day traded like natural gas electricity recently admitted overestimated market early potential enron stock soared past sector peers last year posted gain 87 percent driven enthusiasm broadband plans success enrononline internet energy commodity trading platform stock fallen sharply year broadband sentiment soured skilling resigned wrangling continued enron stalled dabhol power plan project india enron third quarter earnings one time charges rose 393 million 43 cents share 292 million 34 cents share meeting analysts expectations 42 45 cents share according thomson financial first call company reaffirmed previously stated earnings targets 45 cents share fourth quarter 1 80 2001 2 15 2002 debt credit review rating agency moody investors service tuesday said placed enron long term debt obligations review possible downgrade writedowns would reduce enron equity base increase nominal financial leverage materially impact earnings moody said enron third quarter earnings report showed income wholesale marketing trading division company backbone moneymaker grew 28 percent division deals primarily electricity natural gas saw pretax income rise 754 million 589 million third quarter 2000 income growth segment came enron gas power trading marketing operations americas income grew 701 million 536 million last year european segment includes gas power operations commodity sales like metals coal crude oil remained flat 53 million amid lower volatility latest earnings report marked first time enron provided financial breakdown european americas wholesale operations lay delivered promise made skilling departure would make enron financial reporting transparent many analysts investors grumbled lack clarity enron copyright 2000 dow jones company inc rights reserved enron third quarter loss expansion fails update 9 2001 10 16 16 29 new york enron third quarter loss expansion fails update 9 adds sixth paragraph losses equal 70 percent enron profits last four quarters closes shares houston oct 16 bloomberg enron corp largest energy trader 618 million loss third quarter expansion water telecommunications retail energy sales cost company 1 01 billion loss 84 cents share payment preferred dividends enron said net income year earlier 292 million 34 cents revenue rose 59 percent 47 6 billion investors sent enron stock 60 percent year concern investments outside energy trading natural gas pipelines investors praised kenneth lay enron chairman chief executive officer acknowledging failure new businesses others said confident bad news disconcerting sooner said donald coxe manager 352 million harris insight equity fund kill one cockroach kitchen mean investors questioned enron financial reporting past year especially jeffrey skilling resignation ceo august skilling helped lay transform enron gas pipeline company top competitor energy trading said left personal reasons investors said confident enron detailing problems failed businesses 1 01 billion losses total 1 11 share equal 70 percent enron 1 45 billion profits past four quarters included 544 million losses investments new power co venture formed aol time warner inc international business machines corp new power competes energy sales states allow consumers choose power gas suppliers long distance phone companies 544 million also includes losses enron unit trades space known bandwidth fiber optic networks well early termination certain structured finance arrangements undisclosed entity enron specific enron said restructuring fiber optic unit would cost another 180 million including severance pay 500 fired workers business collapsed year along fortunes dot com companies expected biggest customers declining value assets owned azurix corp water sewage treatment business cost 287 million enron said enron might take first quarter adjustment less 200 million accounting changes related goodwill lay said interview thought significant concerns would taken care today lay said excluding losses minus losses enron would earned 393 million 43 cents share 35 percent year earlier period matched average estimate analysts surveyed thomson financial first call enron averaged quarterly profit increases 31 percent past year wholesale services business includes energy trading income interest minority interests taxes 754 million 28 percent year earlier shares enron rose 67 cents 33 84 earlier stock risen much 5 2 percent 34 90 sigh relief enron core businesses energy merchant businesses ok said roger hamilton helps manage john hancock value funds 600 000 shares enron said still expects earn 45 cents share fourth quarter 1 80 full year 2 15 2002 ridiculous investments one time enron pinned high hopes businesses contributed 1 01 billion losses enron spent 2 8 billion 1998 u k wessex water azurix emerged enron sold shares public 1999 bought back company year azurix failed strategy buying water companies winning large projects august enron agreed sell azurix north american business american water works inc 150 million february 2000 lay said trading bandwidth could become company fastest growing business latest quarter bandwidth unit loss interest minority interests taxes widened 80 million 20 million year earlier revenue plunged 4 million 162 million make case jeff skilling leaving best john hancock hamilton said built best trading operation also making ridiculous investments admitting poor choices enron also supplied information quarter makes money company gave results individual commodity trading desks including coal forest products steel liked broke different commodities hamilton said think lay gotten message loud clear effort