Meanwhile the Penguins received the All-Star Marian Hossa and speedy Pascal Dupius

Meanwhile the Penguins received the All-Star Marian Hossa, and speedy Pascal Dupius. EST the Penguins will look to finish off their cross-state rivals in 5 games.  This will only happen of course if the Penguins come out flying, get the first goal, play more physical and use the crowd to their advantage. If that doesn't happen unfortunately it's going to go back to the city of brotherly love for game 6.. -----------------------------------------------------Preliminary First Quarter Earnings from Continuing Operations of $0.02 PerDiluted Share, Excluding Expected Goodwill and Intangible Asset ImpairmentCharges------------------------------------------------------Long-Term Net Outflows of $0.9 Billion for the Quarter-------------------------------------------------More Than 70% of Firmwide Mutual Funds Outperformed Their Lipper Peer GroupMedians for 3 and 5 Years1-------------------------------------------------DENVER--(Business Wire)--Janus Capital Group Inc. ("JCG") (NYSE: JNS) today reported preliminary firstquarter net income from continuing operations of $2.7 million, or $0.02 perdiluted share, excluding expected goodwill and intangible asset impairmentcharges, compared with $7.8 million, or $0.05 per diluted share, in the fourthquarter 2008 and $39.0 million, or $0.24 per diluted share, in the first quarter2008. The company`s preliminary operating margin for the first quarter 2009 was20.2% compared with 25.5% for the fourth quarter 2008 and 31.8% for the firstquarter 2008. Preliminary first quarter 2009 results exclude expected goodwill and intangibleasset impairment charges totaling $900 million to $1 billion, or $5.74 to $6.37loss per diluted share which are non-cash and not deductible for income taxpurposes.

The impaired assets were originally recognized in connection with thebuyout of Janus Capital Management LLC`s founder in 2001. JCG assessed goodwilland intangible assets for impairment as a result of lower forecasted results ofoperations based on continued deterioration in global market conditions andrevenues during the first quarter 2009. Final first quarter 2009 results will bereleased through the filing of JCG`s first quarter Form 10-Q which is expectedon or before May 11, 2009. Flows and Assets Under ManagementAverage assets under management during the first quarter decreased 9% to $113.1billion compared with $124.3 billion during the fourth quarter 2008. At March31, 2009, the company`s total assets under management were $110.9 billioncompared with $123.5 billion at December 31, 2008 and $187.6 billion at March31, 2008.

The decrease in firmwide assets during the first quarter reflects $6.4billion of net market depreciation, long-term net outflows of $0.9 billion andmoney market net outflows of $5.3 billion. Perkins continues to deliver exceptional investment performance with the Mid CapValue and Small Cap Value mutual funds ranked in the top 11% of their Lippercategories on a one-, three- and five-year total-return basis as of March 31,2009.4"Despite continued challenges in the market, we believe our distributionbuild-out and strong long-term investment performance will translate into marketshare gains once equity markets recover," said Gary Black CEO. Financial Discussion Preliminary Financial Highlights(dollars in millions, except per share data or as noted)Three Months EndedMarch 31,December 31, March 31, 2009 2008 2008Continuing Operations (Investment Management) Average Assets (in billions)$ 113.1$124.3 $ 189.7 Ending AUM (in billions)$ 110.9$123.5 $ 187.6 Revenues$ 170.3$177.1 $ 281.2 Operating Expenses *$ 135.9$131.9 $ 191.7 Operating Income *$ 34.4 $45.2$ 89.5Operating Margin *20.2 %25.5 %31.8 %Net Income *$ 2.7$7.8 $ 39.0Diluted Earnings per Share *$ 0.02 $0.05$ 0.24* Preliminary first quarter 2009 results exclude expected goodwill and intangible asset impairment charges totaling $900 million to $1 billion, or $5.74 to $6.37 loss per diluted share. The expected impairment chargesare non-cash and not deductible for income tax purposes.

Final financial results for the first quarter 2009, including the expected goodwill and intangible asset impairment charges, will be included in JCG's Form 10-Qfor the quarter ended March 31, 2009 to be filed on or before May 11, 2009.Continuing OperationsFirst quarter 2009 revenues of $170.3 million decreased 39% from first quarter2008 due to lower average assets under management, driven primarily by decliningglobal markets. Preliminary operating expenses decreased $55.8 million, or 29%,from the first quarter 2008 as a result of a 49% decrease in variable expensesand a 25% decline in both marketing and administrative expenses from costreductions implemented in the fourth quarter 2008. "We`re on track to realize $40 to $45 million of savings from previouslyannounced cost reduction initiatives," said Greg Frost CFO. "As we move forward,we continue to balance the need to manage expenses in this environment withpositioning the firm for growth as markets improve." Non-operating items for the first quarter 2009 include impairment losses of $6.6million, or $0.03 per diluted share, primarily on JCG`s unconsolidated seedcapital investments. AcquisitionJCG is finalizing the acquisition of an additional 3% interest in INTECH for $25million. Upon completion, JCG`s interest in INTECH will be approximately 92%.The acquisition is pursuant to contractual obligations with the INTECH founders.Capital and LiquidityAt March 31, 2009, JCG had preliminary stockholders` equity of $1.5 billion,cash and investments of $341 million and $1.1 billion of outstanding debt. First Quarter 2009 Earnings Call InformationJCG will discuss its results during a conference call on Thursday, April 23 at10 a.m Eastern Daylight Time The call-in number will be 877-301-7574 Anyoneoutside the U.S or Canada should call 706-643-3623.

The slides used during thepresentation will be available in the investor relations section of the JanusCapital Group Web site () approximately one hour prior to thecall. For those unable to join the conference call at the scheduled time, anaudio replay will be available on About Janus Capital Group Inc.Janus Capital Group Inc. (JCG) is a global investment firm offering strategiesfrom three individual investment boutiques: Janus Capital Management LLC(Janus), INTECH Investment Management LLC (INTECH) and Perkins InvestmentManagement LLC (Perkins). Each manager employs a research-intensive approachthat is distinct within its respective asset class. This multi-boutique approachenables the firm to provide style-specific expertise across an array ofstrategies, including growth, value and risk-managed equities, fixed income andalternatives through one common distribution platform.