Program: Thursday, September 25, 2003

NYSE Lead Director, Carl McCall Calls It Quits
How's The Housing Market Holding Up?
Lawmakers Reconsider How It Regulates Govt. Sponsored Enterprises
There's Mucho Dinero In Marketing To Hispanic America
Defending the Franchise-Part 3: Harvesting Entertainment Value
Commentary: Too Much Technology
Last Word: A Real Shoe In
Paul Kangas' Stocks In The News
Market Stats

09/25/03: NYSE Lead Director, Carl McCall Calls It Quits

SUSIE GHARIB: A surprise development tonight here at the New York Stock Exchange: The lead director of the board, Carl McCall, is quitting that post. McCall, seen here at a news conference at the Exchange last week, sent a letter today to new Interim Chairman John Reed tendering his resignation. McCall says he wants the Exchange to move forward quote, "without being encumbered by the past," endquote. He also told Reed he favored splitting the Exchange's regulation and trading functions as well as putting more members of the investing public on the board. The resignation is effective Monday, after McCall presides over a meeting to discuss how to improve the NYSE's corporate governance. The Exchange itself had no comment on this development, and at this hour there is yet no response from Reed to McCall's letter. But board member Madeline Albright says she is saddened by McCall's departure, saying he deserves credit for providing leadership at a tough time.

Nightly Business Report transcripts are available on-line post broadcast. The program is transcribed by eMediaMillWorks. Updates may be posted at a later date. The views of our guests and commentators are their own and do not necessarily represent the views of Community Television Foundation of South Florida, Inc. Nightly Business Report, or WPBT. Information presented on Nightly Business Report is not and should not be considered as investment advice. Copyright (c) 2003 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

09/25/03: How's The Housing Market Holding Up?

PAUL KANGAS: Home buying zoomed again in August despite higher interest rates, but the good news today didn't bring buyers to Wall Street. The Dow fell 81 points, the NASDAQ Composite lost 26. And Scott Gurvey has details on today's housing reports and the outlook from here.

SCOTT GURVEY, NIGHTLY BUSINESS REPORT CORRESPONDENT: For the second month in a row, existing home sales set a new record, doing better than economists had expected. The National Association of Realtors says sales rose 5.5 percent in August to a seasonally adjusted rate of 6.47 million homes. Meanwhile, the Commerce Department reported that new home sales in August climbed 3.4 percent to a seasonally adjusted rate of 1.15 million units. That's the second highest level on record. Economists had expected new home sales to decline in August.

WILLIAM DUDLEY, CHIEF U.S. ECONOMIST, GOLDMAN SACHS: We're surprised, and we've been surprised before. This housing market is holding up better than expected. I think some of this may be a little bit of last gasp, though. Now that interest rates have moved up, a lot of people who were postponing purchasing may have rushed. So this could be a last hurrah for a while.

GURVEY: In spite of their surprise at today's reports, most economists agree with Dudley, still seeing the rate of home sales slowing from these record levels, that, they say, is a logical consequence as mortgage rates rise along with other interest rates in an expanding economy. But they do not predict a major drop in home sales or home prices, noting that mortgage rates, while climbing, still remain at historically low levels.

RICHARD RIPPE, CHIEF U.S. ECONOMIST, PRUDENTIAL EQUITY GROUP: I think housing is bound to recede some, and as the rest of the economy strengthens, interest rates will go up and affordability conditions will diminish. I think that is a very healthy rotation for the economy to go through, that some of the hitherto weak areas begin to strengthen, and as a consequence of that, the areas that have carried us through this period of concern begin to recede a little bit.

GURVEY: There will be more economic data released tomorrow with the Michigan report on consumer sentiment and the final look at growth for the second quarter. Scott Gurvey, NIGHTLY BUSINESS REPORT, New York.

Nightly Business Report transcripts are available on-line post broadcast. The program is transcribed by eMediaMillWorks. Updates may be posted at a later date. The views of our guests and commentators are their own and do not necessarily represent the views of Community Television Foundation of South Florida, Inc. Nightly Business Report, or WPBT. Information presented on Nightly Business Report is not and should not be considered as investment advice. Copyright (c) 2003 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

09/25/03: Lawmakers Reconsider How It Regulates Govt. Sponsored Enterprises

SUSIE GHARIB: More trouble for Freddie Mac (FRE): Officials from the mortgage giant told Congress today it needs more time to figure out its earnings over the past three years, and might restate those earnings by more than $4.5 billion. As Stephanie Woods reports, this accounting scandal now has lawmakers looking at new ways to keep tabs on the government-sponsored enterprises.

STEPHANIE WOODS, NIGHTLY BUSINESS REPORT CORRESPONDENT: Freddie Mac Director George Gould told the House Financial Services Committee it was a computer glitch that kept the company from meeting its September 30 deadline to restate earnings.

GEORGE GOULD, DIRECTOR, FREDDIE MAC: We are targeting to have the setback addressed during October. We plan to restate earnings in November. Whether it takes two more days or two more months, Freddie Mac is focused on getting our restatement right and regaining the trust of the Congress and the public in our financial statements.

WOODS: But the political damage has already been done. The Bush administration has proposed a new regulator be created under the Treasury Department to oversee the safety and soundness of both Freddie Mac and mortgage-backer Fannie Mae (FNM). The company has now realized change is inevitable.

FRANKLIN RAINES, CEO, FANNIE MAE: Depending on how the committee writes the bill, it can either accelerate our ability to innovate or it can basically turn us into another stultified bureaucracy.

WOODS: Just how the bill will be written is a contentious issue. Some Republicans want the new regulator to also oversee the federal home loan banks, some of which have run into financial problems of their own.

REP. ED ROYCE (R), CALIFORNIA: If we go forward and include the federal home loan banks, this is going to allow Congress to construct the proper foundation for this oversight.

WOODS: Some Democrats worry any changes may do more harm than good, especially for affordable housing.

REP. CHARLES GONZALEZ (D), TEXAS: We're like a team of doctors and we decide that the patient, regardless of symptoms, is going to require a heart transplant and we're going to do it because we know if it's successful we'll come out with a stronger patient. The problem with a heart transplant is that the patient can die. And that is our concern.

WOODS: The House Financial Services Committee plans to meet next week to hash out its differences over a bill, but analysts expect it will be next year before any bill is signed into law. Stephanie Woods, NIGHTLY BUSINESS REPORT, Washington.

Nightly Business Report transcripts are available on-line post broadcast. The program is transcribed by eMediaMillWorks. Updates may be posted at a later date. The views of our guests and commentators are their own and do not necessarily represent the views of Community Television Foundation of South Florida, Inc. Nightly Business Report, or WPBT. Information presented on Nightly Business Report is not and should not be considered as investment advice. Copyright (c) 2003 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

09/25/03: There's Mucho Dinero In Marketing To Hispanic America

SUSIE GHARIB: Meanwhile, another line of marketing is making inroads in the U.S.: marketing to Hispanics. Advertisers from department stores to banks are pitching goods and services to Hispanic Americans. Diane Eastabrook looks at why this group is becoming a target audience for many businesses.

DIANE EASTABROOK, NIGHTLY BUSINESS REPORT CORRESPONDENT: Experts say the buying power of Hispanics is growing 14 times faster than the rest of the U.S. population. So it's no wonder Hispanics are becoming the sweet spot for advertisers. Ringling Brothers & Barnum & Bailey Circus is reaching out to the segment with a national ad campaign that highlights Hispanic performers. Sears (S) recently teamed with Cuban fashion expert Lucy Pereda to launch a line of clothing in more than 200 select stores. And Kmart (KMRT) has signed up Mexican singer-actress Thalia Sodi to market a line of clothing, accessories, and house wares. Industry watchers say these marketing strategies are calculated because they attract not only Hispanic consumers, but others who identify with them.

CHRISTIE NORDHIELM, MARKETING PROF., NORTHWESTERN UNIV.: When you see a Hispanic singer or artist or any type of designer, you can be sure that the target audience is not just the Hispanic population, but anybody who is kind of tuned to current trends and interested in that kind of crossover.

EASTABROOK: Hispanics are becoming a more powerful force in America because their numbers are growing rapidly. According to the latest U.S. Census, Hispanics are now the largest minority group. Additionally, the percentage of Hispanic Americans grew in the last decade, while the percentage of whites declined. But marketing to Hispanics is tricky because the segment is so fragmented. Mexicans, Cubans, Puerto Ricans and Latin Americans make up the group. Some companies, like Walgreens (WAG) are reaching out to Hispanics by simply going to where they live and speaking their language. The drug store chain has opened many stores in heavily Hispanic areas like South Florida, and has also launched Walgreens Espanol. The month-old Web site provides drug information to customers in Spanish.

MICHAEL TOVIAN, V.P. STORE OPERATIONS, WALGREEN CO.: You're OK about listening to something that is not real important to you, but when your health is involved, that's important. And so you want to be sure you're able to understand everything that's being said, whether it's the dosage or whether it's the drug or how to take it.

EASTABROOK: As Hispanics integrate more into American culture, experts say marketing to them will have to change. Instead of appealing to Hispanics as a minority group, companies will have to appeal to them as merely Americans. Diane Eastabrook, NIGHTLY BUSINESS REPORT, Chicago.

Nightly Business Report transcripts are available on-line post broadcast. The program is transcribed by eMediaMillWorks. Updates may be posted at a later date. The views of our guests and commentators are their own and do not necessarily represent the views of Community Television Foundation of South Florida, Inc. Nightly Business Report, or WPBT. Information presented on Nightly Business Report is not and should not be considered as investment advice. Copyright (c) 2003 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

09/25/03: Defending the Franchise-Part 3: Harvesting Entertainment Value

SUSIE GHARIB: The National Football League has been a master of marketing for most of its 83 year history. But even old quarterbacks can learn new plays. As we wrap up our series Defending the Franchise, Jeff Yastine reports that the NFL is not just -- it's not selling just football anymore.

JEFF YASTINE, NIGHTLY BUSINESS REPORT CORRESPONDENT: Before the regular season had its official kickoff, it had a kickoff of a different kind, front and center on the Mall in Washington. A concert like this usually marks the end of the season at the Super Bowl, rather than the beginning of a 17 week schedule. But the league's marketing chiefs say that's the whole point.

JOHN COLLINS, SENIOR VICE PRESIDENT MARKETING, NFL: We wanted to start the season as big as we end the season. And we also wanted to demonstrate to our partners, as well as to the fans, that we had a real value proposition with the kickoff, that we could made the kickoff into a national event that they should activate around, because the fan passion window, from our own research efforts, was really bottled up and was there.

YASTINE: In other words, people couldn't wait for the season to start. It's part of a shift in tactics by the league over the past several years. In an era of hundreds of satellite and cable channels in a fast changing consumer culture, the NFL wants fans to think of the contest not merely as a simple football games, but as events, something to look forward to beforehand and something to savor afterward.

ROBERT PASSIKOF, PRESIDENT, BRAND KEYS: And what the NFL has realized is that entertainment is really the competitive set. And so for the naysayers who turned around last year and said what the hell was Jon Bon Jovi doing in Times Square kicking off the season?, the answer was melding sports and spectacular.

TERRY LEFTON, EDITOR AT LARGE, "SPORTS BUSINESS DAILY": The NFL is very successful and the king of sports in this country because there's a scarcity of product. Every game is an event. Every game is important. If it ever loses that, you know, it will go downhill.

YASTINE: The NFL has also been trying to grow its fan base, with marketing efforts that appeal to women and the nation's growing Hispanic population. Video games carrying the NFL's licensing stamp are top sellers and another way the league is trying to reach today's youth, whose allegiance is considered up for grabs.

RICK HORROW, VISITING EXPERT, HARVARD LAW SCHOOL: When you look at buying decisions, the 18 to 49 demographic is the one that now purchases. When the eight and nine-year-old becomes that 18 to 30 to 40 to 49-year-old, that's a major commitment. So he or she is going to be the one to make those purchasing decisions. And they, from the NFL perspective, they don't want to have them stray to NASCAR or the other stick and ball sports.

YASTINE: The NFL is also debuting its own television outlet, the NFL Network, in November. On cable, satellite and Internet with its own cast of commentators, it's all NFL, 24 hours a day.

COLLINS: And I think the NFL Network gives people the opportunity not just to watch a network, but to feel membership in the NFL and with our clubs and be able to get a dose of what it feels like to be at and with the NFL 24 hours a day, whenever they want it.

YASTINE: Business observers of the NFL say the league is, so far, doing everything right from a marketing standpoint. The league's goal is to keep it that way. Jeff Yastine, NIGHTLY BUSINESS REPORT, Miami.

Nightly Business Report transcripts are available on-line post broadcast. The program is transcribed by eMediaMillWorks. Updates may be posted at a later date. The views of our guests and commentators are their own and do not necessarily represent the views of Community Television Foundation of South Florida, Inc. Nightly Business Report, or WPBT. Information presented on Nightly Business Report is not and should not be considered as investment advice. Copyright (c) 2003 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

09/25/03: Commentary: Too Much Technology

SUSIE GHARIB: Tonight's commentator has a gripe about bad customer service. He also has an interesting story to tell. Here's Alan Sloan, Wall Street Editor of "Newsweek" magazine.

ALLAN SLOAN, COMMENTARY: When you're a retail consumer of high tech products, customer service is a contradiction in terms, you know like giant shrimp. Take me. After years of dithering, I recently got a high speed broadband net connection. My provider, who shall remain nameless, got the installation right on the second visit. Not bad. Then the fun started. When I was installing software updates -- I never did that with my dialup service because it would have taken forever -- I suddenly lost my Internet access. The broadband customer service people were polite, but clueless. They told me the problem was with the free firewall that was part of my broadband subscription. They gave me a long distance number for the firewall company. I paid for the call, went through the telephone tree and discovered there was no human customer service for home users. I couldn't get onto the firm's Web site because my Internet access wouldn't work. I was so desperate, I called the $2.95 a minute help service, but got busy signals. After more useless calls to my broadband company, I called a friend. He suggested I turn off the firewall, finish updating the software and pray. I did and it worked. I've since hired my own personal techie, who's making my broadband service and computer play nicely together. High tech has its moments, but there are days I miss the old telephone monopoly. Ma Bell was expensive and clunky, but I never had to pay a consultant to make my phone work. I'm Allan Sloan.

Nightly Business Report transcripts are available on-line post broadcast. The program is transcribed by eMediaMillWorks. Updates may be posted at a later date. The views of our guests and commentators are their own and do not necessarily represent the views of Community Television Foundation of South Florida, Inc. Nightly Business Report, or WPBT. Information presented on Nightly Business Report is not and should not be considered as investment advice. Copyright (c) 2003 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

09/25/03: Last Word: A Real Shoe In

SUSIE GHARIB: And finally, remember the old saying about walking a mile in another man's shoes? Well, here's your chance to walk lots of miles in Muhammad Ali's. The size 13 patent leather tuxedo shoes of the former world heavyweight boxing champ are up for auction on eBay (EBAY). It's part of a charity event to raise money to provide shoes for orphaned children worldwide. Also on the block, footwear from more than 70 other celebs, including Tom Hanks, Robin Williams and Sarah Jessica Parker. But, Paul, I guess you could say the biggest buy of the group would be the size 22 tennis shoes of basketball star Shaquille O'Neill ph.

KANGAS: I could use those for water skis.

GHARIB: Well, you know what they say, if the shoe fits.

KANGAS: Yes, it would.

Nightly Business Report transcripts are available on-line post broadcast. The program is transcribed by eMediaMillWorks. Updates may be posted at a later date. The views of our guests and commentators are their own and do not necessarily represent the views of Community Television Foundation of South Florida, Inc. Nightly Business Report, or WPBT. Information presented on Nightly Business Report is not and should not be considered as investment advice. Copyright (c) 2003 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

09/25/03: "Paul Kangas' Stocks In The News"

PAUL KANGAS: That good news on home sales and a drop of 19,000 in new weekly jobless benefit claims were overshadowed on Wall Street by an unexpected 9/10 percent decline in August factory orders and news that Eastman Kodak is slashing its dividend by 70 percent. After an hour of trading, the Dow was down 60 points, and half of that loss due to a $4 drop in Kodak stock. The NASDAQ Index was off 16. Then the market began to recover on bargain hunting. By mid-session, the Dow had a 14-point gain while the NASDAQ Index was up 7. But potential buyers were not impressed and the market turned abruptly lower late in the day. The Dow Industrial Average lost 81 ½ points, ending at 9343.96. The NASDAQ Composite slid 26 ½ points, to 1817.24. The Standard & Poor's 500 down 6.11 at 1003.27. In the bond market, the 10-year note climbed 13/32 to 101 9/32, putting the yield down to 4.09 percent.

Topping the New York Exchange active list on 35.9 million shares, Lucent Technologies (LU) moving up $0.09. It traded as high as $2.37 after J.P. Morgan this morning increased near term sales estimates for the firm.

Then the big casualty of the day, especially on the Dow, Eastman Kodak (EK) off $4.84. That hurt the Dow by 34 points and that's an 18 percent drop. The company, of course, slashed its annual dividend from $1.80 to only $0.50, a 70 percent decline. It's going to focus almost exclusively on digital photography now. Standard & Poor's cut the corporate debt rating on Kodak from BBB to BBB-. That's just a step above junk status. But it does rate the outlook for Kodak "stable." Nevertheless, S&P says "sell" the stock.

BISYS Group (BSG), another major casualty, down $3.72, or 22 percent. The computer services firm cut first quarter earnings guidance to $0.15. That's $0.07 below its previous forecast. It cites a drop in its life insurance business revenues. The CFO also resigned to go to another firm and there were a host of brokerage downgrades.

Micron Technology (MU) down $0.52. After the close yesterday, as we reported, the company had a much smaller than expected loss in the fourth quarter of $0.20.

NorTel Networks (NT) down $0.18, fifth in big board volume.

Motorola (MOT) moved up $0.27.

Liberty Media (L) a $0.19 drop.

G.E. (GE) lost a $0.05.

Pfizer (PFE) a $0.37 loss.

And Hewlett-Packard (HPQ), tenth in volume, down $0.70.

NCR (NCR) one of the stars of the day on the up side, rising $2.81. Merrill Lynch upgraded it from "neutral" to "buy" on the company's improving sales outlook.

And then came Disney (DIS), which, of course, is a Dow stock, up $0.50. Goldman Sachs upgraded it from "in line" to "outperform" on the strong outlook for home video growth.

The New York Times (NYT) up $0.79. It traded as high as $45.35. J.P. Morgan upgraded it today from "neutral" to "over weight," citing the good outlook for circulation and ad growth in the fourth quarter.

That might be one reason why Morgan Stanley upgraded Tribune Company (TRB) from "equal weight" to "over weight."

And then we see some losers here. Barr Labs (BRL) off $1.16. The State of Massachusetts is suing 13 generic drug makers, alleging they plotted to over charge the state run Medicaid program. Among others being sued, Schering-Plough (SGP), Mylan Labs (MYL), Watson Pharmaceuticals (WPI), IVAX (IVX) over on the American Exchange. And they were all modestly lower on the day.

Tupperware (TUP) down $2.53. After the close yesterday, the company says 2003 U.S. sales will be down about 30 percent and it sees a third quarter loss of $0.02 to $0.03 a share.

Federal Signal (FSS) fell $2.58. The company cut its third quarter earnings estimates and announced layoffs. Meanwhile, the Legg Mason Brokerage downgraded it from "buy" to "sell."

And Darden Restaurants (DRI) down $2.62. First quarter earnings were flat, $0.40, the same as last year. And the company cut its second quarter Street estimates of $0.22 all the way down to $0.15 to $0.18. Raymond James Financial Brokerage downgraded it from "strong buy" to "market perform."

Cisco (CSCO) led the actives on NASDAQ, down $0.26.

Then Intel (INTC), a $0.33 loss there.

Express Scripts (ESRX) was down $0.77, although it was added to the Standard & Poor's 500 Index after the close of trading today.

Microsoft (MSFT) a $0.22 loss.

Flextronics (FLEX) off $1.10. Yesterday, the company lost a lawsuit to Beckman Coulter (BEC) but plans to appeal that verdict.

And then SINA Corporation (SINA) down $2.73. A little profit taking there.

Sandisk (SNDK) a $0.65 loss.

Amgen (AMGN) fell $0.47.

But Dell (DELL) was up $0.02. The company today announced its expanding into consumer electronics, things like digital music players and flat panel televisions.

Applied Materials (AMAT) was up $0.19 a share.

Cree Incorporated (CREE) gained $1.68. The semiconductor materials firm up on news that its cross licensing partner Nichia won a preliminary victory in a patent infringement case against Epistar.

And then Tradestation Group (TRAD) down $2.09. This company transforms personal computers so the user can trade securities online, but it's going to reduce commissions as of next Wednesday and as a result, sees lower earnings over the near term.

And those are the stocks in the news tonight.

Nightly Business Report transcripts are available on-line post broadcast. The program is transcribed by eMediaMillWorks. Updates may be posted at a later date. The views of our guests and commentators are their own and do not necessarily represent the views of Community Television Foundation of South Florida, Inc. Nightly Business Report, or WPBT. Information presented on Nightly Business Report is not and should not be considered as investment advice. Copyright (c) 2003 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

09/25/03: Market Stats

			
                           
                                      NET    PERCENT
                         CLOSE     CHANGE     CHANGE
DOW CLOSE              9343.96     -81.55       - .9
HIGH                                         9458.49
LOW                                          9342.98

NASDAQ COMP.           1817.24     -26.46       -1.4
HIGH                                         1856.22
LOW                                          1817.20

VOLUME                                       1,524.4
PREVIOUS                                     1,560.5
UP VOLUME                                      393.1
DOWN VOLUME                                  1,094.0

DOW TRANSPORTS         2697.12     -48.81      - 1.8
DOW UTILITIES           246.41       +.80       + .3
CLOSING TICK                                    +236

S&P 500                1003.27      -6.11       - .6
S&P 100                 502.62      -2.84       - .6
MIDCAP 400              514.66      -6.45      - 1.2
REUTERS/CRB             242.51       +.04       + .0

NYSE COMPOSITE         5679.63     -32.99       - .6
VALUE LINE               322.6      -5.39      -1.64
RUSSELL 2000            495.06     -12.80      -2.52
WILSHIRE 5000           9726.4     -81.24      -0.83

U.S. TREASURIES
5-YEAR NOTE 3.125%
Sept. 15,2008        100 16/32      +5/32       3.02

10-YEAR NOTE 4.25%
Aug. 15,2013         101 10/32     +13/32       4.09

30-YEAR NOTE 5.375%
Feb. 15, 2031        105 23/32     +22/32       4.99

LEHMAN BROS.
LONG BOND INDEX        1746.07      +3.46


DOW CLOSE              9343.96     -81.55       - .9
ADVANCES                                        1112
DECLINES                                        2114
NEW HIGHS                                         76
NEW LOWS                                          16

                                      NET    PERCENT
NYSE MOST ACTIVES    4PM CLOSE     CHANGE     CHANGE
LU     Lucent Tech        2.29       +.09       +4.1
EK     Eastman Kodak     22.15      -4.84      -17.9
BSG    Bisys Group       12.95      -3.72      -22.3
MU     Micron Tech       13.58       -.52       -3.7
NT     Nortel Networks    4.28       -.18       -4.0
MOT    Motorola          12.53       +.27       +2.2
L      Liberty Media      9.91       -.19       -1.9
GE     GE                30.38       -.05        -.2
PFE    Pfizer            30.53       -.37       -1.2
HPQ    Hewlett-Packard   19.26       -.70       -3.5

NASDAQ CLOSE           1817.24    - 26.46      - 1.4
VOLUME                                       2,047.8
PREVIOUS                                     2,213.1
ADVANCES                                         846
DECLINES                                        2358

NASDAQ ACTIVES
CSCO   Cisco Systems     20.06       -.26       -1.3
INTC   Intel             27.45       -.33       -1.2
ESRX   Express Scripts   59.57       -.77       -1.3
MSFT   Microsoft         28.24       -.22        -.8
FLEX   Flextronics       13.90      -1.10       -7.3
SINA   Sina Corp         38.92      -2.73       -6.6
SNDK   Sandisk           65.26       -.65       -1.0
AMGN   Amgen             65.38       -.47        -.7
DELL   Dell Inc          33.92       +.02        +.1
AMAT   Applied Matl      18.67       +.19       +1.0

AMEX CLOSE              998.04     - 1.66       - .2

INDEX SHARES
DIA    DIAMONDS TRUST    93.25      -1.19       -1.3
QQQ    NASDAQ 100        32.79       -.38       -1.2
SPY    S&P DEP.RECEIPT  100.28       -.83        -.8

STOCKS IN THE NEWS
NCR    NCR Corp          32.50      +2.81       +9.5
DIS    Disney            20.31       +.50       +2.5
NYT    NY Times          44.14       +.79       +1.8
TRB    Tribune Co        47.01      +1.14       +2.5
BRL    Barr Labs         69.00      -1.16       -1.7
TUP    Tupperware        13.81      -2.53      -15.5
FSS    Federal Signal    16.20      -2.58      -13.7
DRI    Darden Restaur    18.75      -2.62      -12.3
CREE   Cree Inc          21.04      +1.68       +8.7
TRAD   TradeStation       7.76      -2.09      -21.2