The parent corporation's revenue for the July-September period was $711 million, down from $1.154 billion a year earlier.

Numbers for the July-September period will be released in December.

Spending fell 3.0 percent in the July-September period - the largest quarterly decline since the agency began keeping statistics in the 1950's.

Mr. Thayer predicts that the economy will expand at a 3.5 percent pace in the July-September period.

The economy grew at a surprisingly brisk pace of 2.7 percent in the July-September period, the Commerce Department reported today.

Japan's gross domestic product in the July-September period fell more than a third as capital spending grew less than first announced, according to a government report.

The gloomy sales forecast for the July-September period reflected a stubborn decline in the fortunes of telephone companies around the world.

There were increases averaging just over five-tenths of 1 percent for the July-September period.

On Tuesday, Japan announced that its annual gross national product rose 9.3 percent in the July-September period.

A month ago, the rise in gross domestic product for the July-September period was put at 3.4 percent.