The PDF, entitled LEHMAN BROTHERS ANNOUNCES PRELIMINARY THIRD QUARTER RESULTS AND STRATEGIC RESTRUCTURING is available here.
These are the "highlights":
*Estimated Net Loss of ($3.9) Billion or ($5.92) Per Common Share (Diluted)
* Significant Reduction in Residential Mortgages, Commercial Real Estate and Other Less Liquid Assets
- Residential Mortgage Exposure Reduced by 47% to $13.2 B, Pro Forma for Pending UK Mortgage Transaction
- Commercial Real Estate Exposure Reduced by 18% from $39.8 B to $32.6B
* Spin-off to Lehman Brothers’ Shareholders of Vast Majority of the Firm’s Commercial Real Estate Assets into a New, Separate Public Company
*Annual Dividend to be Reduced to $0.05 Per Share
WSJ Deal Journal LiveBlogged the Conference Call.
For analysis, see WSJ Heard On the Street column, "Lehman Lurches Into Endgame."
See CalculatedRISK's take here and here, and be sure to read the comments. The second link also has instructions on how to listen to this morning's conference call, which will remain available to the public until September 17.