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Finance

QUARTER REPORTS: REEBOK EARNINGS DROP; SPORTSLINE'S UP

          Reebok "reported a sharp drop in third quarter
     earnings, citing one-time charges to cover job cuts and
     other restructuring moves," according to the BOSTON HERALD. 
     Reebok earned $3.3M, or $.06 per share, including an after-
     tax charge of $24.3M, or $.43 per share.  Reebok earned
     $28.2M, or $.50 per share, in the year ago period.  Sales
     fell 9.6% to $793.9M from $878.3M and the company reported a
     profit of $27.6M, or $.49 a share (BOSTON HERALD, 10/22). 
     U.S. footwear revenues dropped 18% to $223.5M from $270.8M a
     year earlier (WALL STREET JOURNAL, 10/22).  CNBC Stocks
     Editor Patrick Bolland: "[Reebok] did beat the [earnings]
     estimate by a penny, at 49 cents a share, but there is ... a
     [$24M] restructuring charge in there, so analysts are still
     going over what's included in that restructuring and what it
     means to the bottom line" ("Market Wrap," CNBC, 10/21).
          SPORTSLINE: SportsLine USA reported third-quarter
     revenues ended September 30 increased 104% to $15.2M,
     compared to $7.4M for a year ago.  SportsLine posted net
     income of $5.1M, or $.22 per share.  This includes a gain of
     $21.8M from the retirement of a portion of the company's
     convertible debt.  Excluding the gain, SportsLine reported a
     net loss of $16.7M, or $.72 per share.  EBITDA loss for the
     quarter was $10.1M, excluding the gain (SportsLine).
          FEELING THEIR OATS: Quaker Oats posted a 27% increase
     in third quarter net income and the results "were led" by a
     9% increase in Gatorade sales (WALL STREET JOURNAL, 10/22). 

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