U.S. STEEL (X $27.63, rating Underweight) WE ESTIMATE $600 MM IN ANNUAL SAVING FROM THREE PLANTS IDLED DEC. 3RD THAT ARE ABOUT ONETHIRD OF THE AMOUNT WE ESTIMATE NEEDS CUT; WE ESTIMATE 50% OF OUTSIDE CONTRACTORS AND 7%-10% OF REMAINING EMPLOYEES GO 12/3/2008

U.S. STEEL (X $27.63, rating Underweight) WE ESTIMATE $600 MM IN ANNUAL
SAVING FROM THREE PLANTS IDLED DEC. 3RD THAT ARE ABOUT ONETHIRD
OF THE AMOUNT WE ESTIMATE NEEDS CUT; WE ESTIMATE 50% OF
OUTSIDE CONTRACTORS AND 7%-10% OF REMAINING EMPLOYEES GO 12/3/2008