Lehman to make early earnings announcement?

Lehman Brothers is in a tough spot. Fairly or not, the shorts have gained the high ground in their war against the stock. Led by David Einhorn of Greenlight Capital, the bears have sown lots of doubt and confusion. The New York Post reports that the firm is considering moving up the date of its earnings announcement, from mid- to early June. The paper reports that the announcement--most expect a loss--will be coupled with an announcement of a rights offering to boost capital levels. This just just adds to the rich brew of uncertainty about the company, Clearly, it has been hunting for capital, scouring the globe. The firm is now in its "quiet period." It needs to come out swinging. But I am not sure what it could announce that would really quell things. You get the feeling that the shorts are getting to ready to close some positions.  

For more:
- here's the Post article

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