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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| November 01, 2002 | COPYRIGHT 2002 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

POLLUTION SERVICES

Trash hauler's Q3 profit met views

Waste Management made 38 cents a share vs. last year's 5 cents, including charges. Revenue was flat at $2.9 bil. The trash hauler expects '02 profit within analysts' views for $1.30-$1.37. It's on track to produce free cash flow of about $1 bil for the year. It expects to complete a $1 bil share buyback program in Q4.

** Stericycle nearly doubled Q3 earnings with 27 cents a share, a penny above views, ex-items. But the medical waste firm fell 6% .

TELECOM GEAR

Report: SEC mulls Lucent charges

The SEC will soon send the telecom gear firm a "Wells notice," often a precursor to formal civil charges, asking it to defend its accounting, USA Today reported. Lucent allegedly booked fake sales and stuffed its supply channels to inflate revenue. The ...

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