Return-Path: <sentto-279987-2614-1002028601-fc=all.net@returns.onelist.com> Delivered-To: fc@all.net Received: from 204.181.12.215 by localhost with POP3 (fetchmail-5.1.0) for fc@localhost (single-drop); Tue, 02 Oct 2001 06:22:54 -0700 (PDT) Received: (qmail 13714 invoked by uid 510); 2 Oct 2001 13:18:42 -0000 Received: from n32.groups.yahoo.com (216.115.96.82) by 204.181.12.215 with SMTP; 2 Oct 2001 13:18:42 -0000 X-eGroups-Return: sentto-279987-2614-1002028601-fc=all.net@returns.onelist.com Received: from [10.1.1.221] by n32.groups.yahoo.com with NNFMP; 02 Oct 2001 13:18:34 -0000 X-Sender: fc@big.all.net X-Apparently-To: iwar@onelist.com Received: (EGP: mail-7_4_1); 2 Oct 2001 13:16:41 -0000 Received: (qmail 24649 invoked from network); 2 Oct 2001 13:16:37 -0000 Received: from unknown (10.1.10.142) by 10.1.1.221 with QMQP; 2 Oct 2001 13:16:37 -0000 Received: from unknown (HELO big.all.net) (65.0.156.78) by mta3 with SMTP; 2 Oct 2001 13:18:26 -0000 Received: (from fc@localhost) by big.all.net (8.9.3/8.7.3) id GAA03599 for iwar@onelist.com; Tue, 2 Oct 2001 06:18:13 -0700 Message-Id: <200110021318.GAA03599@big.all.net> To: iwar@onelist.com (Information Warfare Mailing List) Organization: I'm not allowed to say X-Mailer: don't even ask X-Mailer: ELM [version 2.5 PL1] From: Fred Cohen <fc@all.net> Mailing-List: list iwar@yahoogroups.com; contact iwar-owner@yahoogroups.com Delivered-To: mailing list iwar@yahoogroups.com Precedence: bulk List-Unsubscribe: <mailto:iwar-unsubscribe@yahoogroups.com> Date: Tue, 2 Oct 2001 06:18:13 -0700 (PDT) Reply-To: iwar@yahoogroups.com Subject: [iwar] [fc:Web.Security.Firm.Among.Those.Hit.by.Attacks.Last] Content-Type: text/plain; charset=US-ASCII Content-Transfer-Encoding: 7bit Web Security Firm Among Those Hit by Attacks Last By Per Jebsen, Reuters, 10/2/2001 <a href="http://www.reuters.com/news_article.jhtml;jsessionid=T2IFOD2Q0S32CCRBAE0CFEYKEEATGIWD?type=internetnews&StoryID=256919">http://www.reuters.com/news_article.jhtml;jsessionid=T2IFOD2Q0S32CCRBAE0CFEYKEEATGIWD?type=internetnews&StoryID=256919># RSA Security Inc. RSAS.O on Monday showed just how widespread the hit to third-quarter results from the Sept. 11 attacks will be. The maker of security software, rather than declare it has benefited from increased fears of cyberterrorism, instead said the attacks would cause sales to fall short of expectations. RSA joined a broad range of companies in making similar announcements on Monday and Friday. The companies include restaurant chains Jack In The Box Inc. JBX.N and California Pizza Kitchen Inc. CPKI.O, as well as beauty products maker Estee Lauder Cos. Inc. EL.N. "Things aren't getting any better, and they will continue to be at a depressed level for some time," said Joe Cooper, an analyst with market research firm Thomson Financial/First Call. "I'm hard stretched to find an industry or an area that's not going to be affected" by the air attacks on the World Trade Center in New York and the Pentagon, he said. RSA Security cut its third-quarter revenue forecast to a range of $62 million to $63 million from a prior forecast of $72 million to $80 million. "The shortfall is the result of orders being significantly cut back, postponed into the fourth quarter or postponed indefinitely," Chief Executive Art Coviello said in a conference call. The Sept. 11 attacks led to a sharp reduction in spending by RSA Security's customers, Coviello said. "In the last three weeks of the quarter, we booked $10 million less than the average of the final three weeks of the first and second quarters," he said. Customers reduced orders even though analysts have predicted "a significant increase in spending to combat cyberterrorism," Coviello said. Restaurant chains Jack in the Box and California Pizza Kitchen said on Monday that earnings would be lower-than-expected as people stayed away from their restaurants following the attacks. They also cited economic uncertainty, which was already weighing on some U.S. restaurants. Estee Lauder issued an earnings' warning on Friday. It cut sales and earnings' forecasts for its fiscal year 2002, saying the attacks on the United States added to a weakening retail environment. Other companies that reduced third-quarter forecasts include Brooks Automation, Inc. BRKS.O, a maker of semiconductor production equipment, and SunGard Data Systems SDS.N, a financial services software company. "The trajectory of the economy was negative before the attacks, and I think the attacks exacerbated the trend as opposed to changing anything notably," said A.C. Moore, chief investment strategist at Dunvegan Associates, which has $500 million in assets under management. "Companies are likely to experience or take writeoffs or any expenses that they can during the current period because markets are more forgiving with the spirit of national unity sounding," he said. A few companies shrugged off the bad business conditions. Tank barge operator Kirby Corp. KEX.N on Monday said its third-quarter earnings would exceed expectations because of higher shipping volumes and rates for refined petroleum and chemical products in the U.S. Midwest. WARNING SEASON Some 965 companies had made pre-announcements for the third quarter by Monday morning, with 591 warning they are unlikely to meet prior guidance, according to First Call. The number of warnings, however, is still 15 percent less than in the same time in the first quarter, and 8 percent less than the same time in the second quarter, according to First Call's Cooper. Third-quarter profits for S&P 500 companies are expected to shrink by 20.1 percent. That's down from an expected drop of 14.7 percent prior to the attacks, and more than the 6.2 percent profit drop in profits expected at the beginning of the quarter. S&P 500 company-aggregate profits are expected to shrink by 8.2 percent in the fourth quarter. That is down from the 2.6 percent decline expected prior to the attacks, and down from the 5.5 percent growth expected on July 1. Investors shouldn't despair even if the third- and fourth-quarter profit outlooks worsen, said Dunvegan's Moore. "Companies may be using (the attacks) as opportunity to hang out their earnings' dirty linen," he said. Yet "it's what will occur over the next six months to three years that we would consider to be more important," he said. "Stocks look to the future. The past is the past." ------------------------ Yahoo! Groups Sponsor ---------------------~--> Get your FREE VeriSign guide to security solutions for your web site: encrypting transactions, securing intranets, and more! http://us.click.yahoo.com/UnN2wB/m5_CAA/yigFAA/kgFolB/TM ---------------------------------------------------------------------~-> ------------------ http://all.net/ Your use of Yahoo! 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This archive was generated by hypermail 2.1.2 : 2001-12-31 20:59:53 PST