Lehman ( LEH ) Earnings: LEH Preannounces Earnings 9/10/08

Lehman Brothers ( LEH ) preannounced earnings today.

LEH stock is trading between $8.30 and $9.50 after this release.....very volatile!

Lehman LEH lost ( $5.92 ) vs ( $3.35 )

Lehman cuts dividend to .05 Cents from .65 cents....big dividend cut for LEH

LEH to spin off real estate assets into new company