1.   Below that level their stock losses would outweigh gains.

2.   But on balance, experts say, the intelligence losses outweigh the gains and will for some time.

3.   Increasingly, a group of hard-line companies led by BellSouth and US West concluded that the losses would outweigh the gains.

4.   But those gains were outweighed by losses at VoiceStream, rising charges to write off goodwill from its acquisitions and for interest payments on its debt pile.

5.   The heavy losses outweighed profits at other banks, with combined earnings falling into the red.