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GM Profit Outlook Dims for 2001

9 November 2000

Bloomberg News reported that General Motors Shares Fell on 2001 Profit
Concern.

General Motors Corp. shares fell 6.5 percent on concern that 2001 per-share
profit at the world's biggest automaker will decline from this year as
light-truck demand slows and supply increases. General Motors slid $3.94 to
$57, the biggest one-day decline in almost six months, after Goldman, Sachs
& Co. analyst Gary Lapidus lowered his rating on the stock to
"market outperform" from "recommend" and cut 2001 per-share profit estimates
to $7.70 from $8.70. He forecasts General Motors will earn $9.08 a share in
2000.