	american can ac sees higher year net american can co chairman gerald tsai said the company will record higher ings in the first quarter and for the full year addressing analysts tsai said first quarter results have been extremely encouraging and results for all of will show significant improvement over american can ed mln dlrs or dlrs per share adjusted for a two for one stock split in in the first quarter the company reported net income of mln dlrs including one time gains from sale of assets or dlrs per share before the stock adjustment in the first quarter american can will record a one time gain of cts per share from the sale of shares in its musicland group subsidiary the gain is slightly higher than the expected gain the company predicted in february because additional shares of the unit were sold in response to a question tsai said american can s investment in jefferies and co is very small we treat it as just another passive investment he said according to press reports american can owns pct of jefferies and is its largest single shareholder yesterday boyd jefferies chairman and founder of the brokerage firm bearing his name resigned from the firm and said he would plead guilty to two felony charges for breaking securities laws responding to another question tsai said aids related claims were a small portion of claims made with american can s insurance subsidiaries in reuter 
