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Europe Gives Lotus The Jitters


In Business This Week

EUROPE GIVES LOTUS THE JITTERS

Will Europe sink Lotus Development's third quarter? Investors fear the worst after Lotus warned of tough markets in Britain, France, and Spain. From Sept. 15-21, its shares tumbled 9.7%, to 391/2, as analysts noted its sales woes in the face of a strong European personal-computer market. Dean Witter analyst Timothy McCollum believes that Lotus' expected September rebound in Europe failed to materialize. He slashed his earnings estimate by 10 cents a share, to 28 cents.EDITED BY THANE PETERSON


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