Also

* Deutsche Telekom said it may cut as many as 55,000 jobs through 2005, or about 22% of its work force, as Europe’s biggest phone company trims costs.

* Philip Morris Cos. and its Kraft Foods Inc. unit had their outlook cut to “negative” from “stable” by Standard & Poor’s after a California jury ordered the biggest tobacco company to pay $28 billion to a sick smoker.

* Sharper Image Corp. said that sales at stores open at least a year rose 37% in September from a year ago, and that its third-quarter loss would be narrower than expected. The San Francisco-based gadgets retailer said it expects a fiscal third-quarter loss of 5 to 7 cents a share, narrower than the 8 to 12 cents it had predicted.

* Inktomi Corp., a maker of software used by Internet service providers and corporate networks, said it would cut about 85 jobs, or 22% of its work force, in the current quarter to lower expenses.