Program: Tuesday, October 21, 2003

Free Shipping Delivers A Profit To Amazon.com
One On One With Microsoft Chairman & Chief Software Architect, Bill Gates
Congress Works To Expose Illegal Tax Shelter Schemes
The Muslim/Political Power Struggle In Malaysia
Commentary: The Credit Card Pitfalls
Last Word: APEC Fashion Statement
Paul Kangas' Stocks In The News
Market Stats

10/21/03: Free Shipping Delivers A Profit To Amazon.com

JEFF YASTINE: For Amazon.com, "free" is good, so good, in fact, that free shipping helped the online retailer report its first non-holiday quarterly profit after the bell today. The online retailer earned $0.11 a share in the third quarter, excluding charges. That`s a penny better than analysts expected, and way above the break-even figure for the same period a year ago. Amazon says revenues climbed 33 percent, helped by free shipping and competitive pricing. And the company says that trend should continue, with sales in the fourth quarter expected to grow up to 34 percent on holiday purchases. Amazon isn`t alone in looking for a good Christmas. A survey released today by the National Retail Federation predicts the average consumer will spend $672 on gifts and other holiday items. That`s 3.5 percent more than last year, and the biggest increase in four years.

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.

10/21/03: One On One With Microsoft Chairman & Chief Software Architect, Bill Gates

JEFF YASTINE: A major product rollout today for Microsoft, as the company unveiled the latest version of its Office software, called Office System 2003. The new software lets workers collaborate on documents, spreadsheets, and other applications all over the Internet. The company says the software will "revolutionize" how people work together. But analysts say it`ll be challenging for Microsoft to convince companies to spend around $200 per worker for the upgrade. This morning, New York bureau chief Scott Gurvey sat down with Microsoft`s chairman and chief software architect, Bill Gates, and began by asking him what makes Office suite 2003 a must-buy.

BILL GATES, CHMN. & CHIEF SOFTWARE ARCHITECT, MICROSOFT: Well, this is software that over 400 million people use every day to be effective in their jobs. And the big theme we have here is letting people work together in better ways. Taking e-mail, letting you organize it in a simple way, getting rid of the spam problems, letting you share information with many different people through what we call a "share point," so that if you`re organizing a meeting you can have the schedule, the people involved, be notified if people put new documents up there. Everything is about collaboration. Inside the software we`ve used a new approach called XML Web Services this lets Office connect up your business systems. And so you can think about the boundary between Office and a structured ERP-type software as being much simpler than ever before.

SCOTT GURVEY, NIGHTLY BUSINESS REPORT CORRESPONDENT: How big is the challenge here just in getting corporations in particular to upgrade at a time when they`ve been watching their budgets so carefully?

GATES: Well, we`re benefiting from the fact that corporations want to simplify their software environment. They want to have software that is up-to-date in terms of security. They want to have software that`s up-to-date in terms of these connection features that they get information flowing into the Office system. And so I`d say the fact we work on all the existing hardware and don`t ask for upgrades there, even in this environment, we`ll be able to make a very strong business case for the Office upgrade.

GURVEY: The security aspects, of course, are something that have become paramount for Microsoft.

GATES: That`s right, that`s a key imperative for Windows. With Office it`s making sure that people don`t spread any problems through e-mail. And Outlook has been updated to make sure it wasn`t spreading those problems. This consolidates all of those improvements and so people who take the upgrade will know that they`ve eliminated that way of virus propagation.

GURVEY: What do you think it`s going to take really to work on this e-mail problem? Do we need a fundamental change in the Internet where at least we can trace everything that comes in, or know that things that come in have some sort of certificate on them, you know, we can verify their source?

GATES: The original design of the Internet didn`t take into account malicious activity. And so when you receive e-mail in the standard protocol you can`t verify that`s really who sent the mail. That`s something we`re hard at work to fix, because it`s not just a spam problem, it means that you can be fooled into the thinking the mail is authentic. And that - given the way these systems are being used, that`s not good enough.

GURVEY: How about plugging some of the other vulnerabilities? I mean, Microsoft certainly gets enough of the attention, but Microsoft also has so much of the software out there, but it`s not just that, it`s technical and it`s really across all of the platforms.

GATES: Well, there are two techniques that would have prevented people from having any of these problems. If they had either had a firewall set up the right way, or if they had had their software up to date. And many customers had those things and didn`t experience the problems. We need to make it easy for all customers to be up-to-date and have that firewall. And so Microsoft is stepping forward, creating new tools that ensure that, and so that people can make sure that even in our code, which is more reliable than anyone else`s, we`re not having any of these kinds of problems.

GURVEY: Is this the kind of thing the government should get involved in or do you think the industry can handle it?

GATES: Well, certainly there has to be a dialogue with government. They run critical information systems. They`ve got to make sure that they`re set up in the right way. They`ve got to make sure if there`s missing standards, which in some case there are, that they`re helping various industry people to work together. So I think the right things are coming together and the government is part of that process.

GURVEY: Very good, I thank you.

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.

10/21/03: Congress Works To Expose Illegal Tax Shelter Schemes

JEFF YASTINE: Mention the phrase "tax shelter" and most Americans think of their IRA or 401(k) account. But to corporations, tax shelters are big business. And to the government, illegal tax shelters mean big losses. New estimates show $180 billion in tax revenue was lost to illegal shelters over the past decade. Well, today the Senate Finance Committee took a close look at some of the tactics used to avoid paying Uncle Sam. Angela Terrell Heath reports.

ANGELA TERRELL HEATH, NIGHTLY BUSINESS REPORT CORRESPONDENT: Tax shelter schemes can be found in the most unlikely places. The subway system in Washington, D.C., was cited today as part of a scheme allegedly used by accounting firms, investment banking firms, and corporations. An anonymous witness told Congress about companies that enter into complex leasing agreements for public infrastructure, like subways and bridges, with the sole purpose of avoiding taxes.

"MR. JANET," ALTERED VOICE: These structures are about the greed of senior management of large U.S. corporations and their financial advisers. The intent is to steal money, just like a bank robber.

TERRELL HEATH: The committee also heard from former tax advisers who blew the whistle on transactions taking place at their firms. Michael Hamersley says he was fired when he questioned practices in the tax department at KPMG.

MICHAEL HAMERSLEY, FORMER EMPLOYEE, KPMG: The tax shelter promoters were pretty brazen about this stuff. Some of the quotes that I included in my statement: "it`s like stealing candy from a baby"; "you`ll never pay tax again"; "our clients do not pay federal income tax"; "paying federal income tax is optional."

TERRELL HEATH: Hamersley claims audit firms like his believed the Internal Revenue Service wouldn`t catch these schemes, and even if the agency did, the penalties would be minimal. The Treasury Department, which oversees the IRS, is calling for stiffer penalties and a simpler tax code. But it admits that won`t stop the abuses.

PAMELA OLSON, ASST. SECRETARY/TAX POLICY, TREASURY DEPT.: Indeed, I believe our actions and the legislation will be quite effective Band-Aids, but Band-Aids will not cure the disease. Moreover, there is no silver bullet, legislative or administrative, that will rid the system of abusive transactions.

TERRELL HEATH: One other questionable transaction lawmakers want to tackle: accounting firms selling tax shelters to their own audit clients. Senator Carl Levin introduced legislation today to ban the practice. Angela Terrell Heath, 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.

10/21/03: The Muslim/Political Power Struggle In Malaysia

JEFF YASTINE: Well, as he continues his trip through Asia tomorrow, President Bush will meet with Muslim leaders in Indonesia. They`re expected to tell him that American policies in the Middle East are a prime cause of terrorist attacks in Asia. One example of Islamic moderation in the region is Malaysia, despite the recent pronouncements of its outgoing prime minister. But as Rian Maelzer reports, two Malaysian states are now governed by a radical Muslim political party.

RIAN MAELZER, NIGHTLY BUSINESS REPORT CORRESPONDENT: Far removed from its modern west coast cities, Malaysia`s east coast is the country`s poorest and most traditional region, and the stronghold of Malaysia`s largest opposition party, the Islamist PAS. PAS is seeking to introduce strict Islamic law, including the stoning to death of adulterers, in the two states in which it rules. But the federal government has said it won`t sanction the laws. But PAS has enacted other changes, segregating the sexes in public seating areas, hair salons, even supermarket checkouts, requiring Muslim women to cover their hair, and tightly restricting the public performance, even of traditional music and arts; to some, shadows of places such as Iran or Afghanistan.

MUSTAFA ALI, V.P., PARTI ISLAM SE MALAYSIA: We don`t see any other country as our model. We are evolving our own society based on the principles that I have just mentioned, a harmonious way of life, with freedom, with justice and with democracy.

MAELZER: The federal government under Mahathir Mohamad has accused PAS of failing to bring economic development, but it has also clearly hindered the Islamist efforts to do so.

RAFIDAH AZIZ, INTERNATIONAL TRADE MINISTER: When I go overseas, they ask about (UNINTELLIGIBLE), two states under the PAS, they (ph) just don`t go in and invest there, the rest (ph) of it (ph) stays under Barisan Nasional leaders that subscribe (ph) to those radical and hypocritical policies and polemics

MAELZER: After PAS won control of the oil and gas rich state of Terengganu in 1999, Mahathir`s government cut off the oil royalty the state had been receiving, depriving it of 70 percent of its revenue.

ALI: We cannot deliver what we had planned to deliver to the people. But the people understand this. It`s not our fault, it`s the fault of the federal government.

MAELZER: PAS will hope people do remember when elections are called, likely early next year. It will also aim play up its representation for governing without cronyism or graft, one of its pledges and biggest selling points. But very few of Malaysia`s 40 percent non-Muslims are likely to be swayed, and in the long term, the Islamists` appeal to Muslims may also be blunted by the relative prosperity most of them enjoy.

CHANDRA MUZAFFAR, POLITICAL SCIENTIST: What really matters to them is a society which combines Islam with development. And they know that PAS is not seen as the party that can combine these two things.

MAELZER: In the last election, the Islamist party benefited greatly from voters` anger over the trial and jailing of Mahathir`s popular former deputy, Anwar Ibrahim, on charges many feel were trumped up. But with Anwar behind bars, he has faded as an issue.

TERENCE GOMEZ, UNIVERSITY OF MALAYA: I`m still not certain that the beliefs (ph) in the (UNINTELLIGIBLE) heartland support PAS because of PAS`s ideology, rather they support PAS because they are quite upset with Mahathir.

MAELZER: And that anger and with it some of the momentum for the Islamists may dissipate when Mahathir hands over power to his far less confrontational deputy Abdullah Badawi at the end of this month. Rian Maelzer, NIGHTLY BUSINESS REPORT, Terengganu, Malaysia.

KANGAS: Tomorrow, "California Crossroads," as my co-anchor Susie Gharib is live from San Francisco.

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.

10/21/03: Commentary: The Credit Card Pitfalls

JEFF YASTINE: Well, there`s an old saying about giving credit where credit is due. Well, tonight`s commentator would suggest you pay more attention to your credit than that. Here`s Irving R. Levine, dean of international studies at Lynn University, and former chief economics correspondent for NBC News.

IRVING R. LEVINE, COMMENTARY: Looking at my e-mail today, I find, along with spam offerings of prescription drugs and miracle diets, several offers to liberate me from credit card debt. Happily, I have no credit card debt, but millions of American do. Total consumer debt in the U.S. has risen to almost $2 trillion, or close to $19,000 per American household. The good news is that consumer spending on credit cards helps keep the U.S. economy growing. But credit card debt can be ruinous. For example, it would take a person making minimum payments at 17 percent interest almost 40 years to pay off a $5000 balance. The interest would add up to about $11,000. Of course, a credit card is a necessity. Try making a plane or hotel reservation without one. But there are ways to avoid pitfalls and even derive benefits from a credit card. First, own no more than two cards. The more cards, the greater the temptations. Second, select a card that offers rewards, such as frequent flyer miles for each dollar spent. Third, pay off your monthly balance. If you lack the money to do so, you may be spending more than you can afford. And finally, remember William Shakespeare`s good advice: "neither a borrower, nor a lender be," especially not a borrower. I am Irving R. Levine.

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.

10/21/03: Last Word: APEC Fashion Statement

JEFF YASTINE: Well, finally, when the APEC summit wrapped up today in Bangkok, the Asian-Pacific leaders showed off for the cameras decked out in tailored Thai silk jackets. The jackets have Mandarin collars, and come in rich shades of blue, burgundy, and green. President Bush selected his in ocean blue. The garments run about $2200 each, but that`s more than the average annual income for the citizens of most of the countries in the APEC group. It would take a typical Indonesian more than three years` salary to buy one. And for a typical Vietnamese, it would mean working for more than five years, and saving every single penny.

KANGAS: Boy, at that rate you`d be dressed to kill your budget.

YASTINE: Absolutely.

KANGAS: Big 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.

10/20/03: "Paul Kangas' Stocks In The News"

PAUL KANGAS: Wall Street opened mixed with the blue chips dragged down by weak third-quarter revenues from AT&T, which I`ll detail shortly, and also the promise that that trend will continue. Tech stocks rose however in reaction to Texas Instruments` (TXN) better-than-expected late-day earnings we told you about last night. By midmorning, the Dow was down 37 points, but the NASDAQ Index was up 8 points. The market remained mixed as the gusher of corporate earnings reports continued, because there was little else to influence investors. In early afternoon, the Dow was down 15 points, NASDAQ up 15. The telecom losses kept the blue chips under pressure, while firm tech stocks kept the NASDAQ market in the black, so the Dow Jones Industrial Average slumped to a closing loss of 30.30 points at 9747.64. The NASDAQ Composite came in with a gain 15 3/4 points at 1940.90. The Standard & Poor`s 500 Index rose 1.35 to 1046.03. Over in the bond market, the 10-year note climbed 10/32 to 99 8/32, putting the yield at 4.35 percent.

Topping the New York Exchange active list as it so often has recently, Lucent Technologies (LU) losing a penny. It traded 35.8 million shares.

Followed by Texas Instruments (TXN), up $1.61. Of course, after the close yesterday, as we reported, third-quarter earnings were better than expected.

EMC (EMC) was up $0.58.

And then AT&T (T) losing $1.07. It traded as low as $19.57. Third-quarter operating earnings, $0.58, down from $0.67, but a nickel better than the Street estimate. The problem was that revenues in the third quarter fell 8 percent, and the company sees revenues continuing to decline in the fourth quarter. That`s what hurt the stock.

SBC (SBC), another weak telecom. SBC in with third-quarter results lower, $0.37 versus $0.51 a year ago. And that was $0.02 below the Wall Street estimate.

Agere Systems (AGR) was up $0.21.

Micron Technology (MU), a $0.73 gain

Pfizer (PFE) rose a half a dollar.

Citigroup (C) losing $0.57.

Tenth in volume, AT&T Wireless (AWE) down $0.21.

Eastman Kodak (EK), a member of the Dow Industrial Average, managed to gain $0.52 even though today`s "Heard on the Street" column in "The Wall Street Journal" noted a group of dissident shareholders think the company`s move to digital photography, slashing its dividend and so forth, all those moves are wrong according to this dissident shareholders group.

HCA Incorporated (HCA) down $1.21. Third-quarter earnings were sharply higher, $0.61 versus $0.38 a year ago. But the company sees full-year earnings below last year`s, and also cut its 2004 earnings forecast. And the stock ended down.

Boston Scientific (BSX) up $0.24. Just after the close the company in with third-quarter results lower, $0.29 versus $0.39 a year ago. That was in-line with estimates, however. And then in after hours trading, the stock showed little movement from that closing price.

U

niversal Health Services (UHS) down $2.53. Third-quarter earnings were higher, $0.72 versus $0.64 a year ago. But that was $0.04 below the Wall Street estimate, hence the stock lost some ground.

Monaco Coach (MNC) had a good day, up $2.91. Third-quarter earnings were way down from last year, $0.21 versus $0.40. But that was way above the company`s July forecast of only about a break-even result. And the Wall Street estimate was only $0.09 a share, so it came in much better than that, too.

Texas Genco Holdings (TGN), look at that move, up $4.15. The electric power generating company had third-quarter earnings of $1.03, up from only $0.04 a year ago. Revenues up a whopping 25 percent. And the company increased its previous 2003 guidance for earnings from about $1.20 to $1.55, and sees fourth - or let`s make it 2004 earnings coming in around $3 a share. No wonder the big gain.

Blockbuster (BBI) down $2.28. The company sees 2003 earnings coming in around $1.40 a share, $0.04 below the Wall Street estimate. Although it did report higher third-quarter earnings today, $0.35, up from last year`s $0.28.

Flowserve (FLS), down $2.14. Third-quarter earnings before a one-time item, $0.24, down from previous year`s $0.31. And that was a penny below the Wall Street estimate.

On the upside, finally, we see America West Holdings (AWA) gaining $2.15, third-quarter earnings of $0.60 a share versus a loss of $1.46 a year ago. Revenues were up a respectable 14 percent. And this result boosted the whole airline group today.

Brinker International (EAT), the restaurant chain, down $4.21, first-quarter earnings flat, $0.45, same as last year, and $0.02 below the Wall Street estimate. The company sees second-quarter earnings also at about $0.45. And that`s $0.04 below the Wall Street estimate.

NASDAQ`s most active issue, Microsoft (MSFT), edging up $0.03.

Followed by Intel (INTC), a $0.04 loss there.

Amgen (AMGN) up $1.76. After the close, Amgen third-quarter results out, $0.53, $0.02 above the Wall Street estimate. But the company did cut its 2003 sales target. In after hours trading the stock fell to around $0.62 a share.

Amazon.com (AMZN) was down $0.24. As you heard after the close, earnings came in a penny above the Wall Street estimate. In after hours trading, however, the stock actually fell to $58 a share.

Cisco Systems (CSCO), a $0.03-gain there, fifth in NASDAQ dollar volume.

Netease.com (NTES), this is one of those Chinese Internet portals that has had such a huge rise, down $8.05.

And the same story with SINA Corp. (SINA), another Internet portal in China, down $3.76.

eBay (EBAY), a $0.17 loss.

Nextel (NXTL), a $0.53 gain.

And Dell (DELL), tenth in volume, was up $0.49.

JDA Software (JDAS) up $4.01. After the close yesterday, third quarter, $0.11 versus $0.03. The stock reacted today.

And finally Logitech (LOGI), up $6.49. Second-quarter earnings $0.44 versus $0.42 a year ago. Sales up 17 percent. This is a company that builds that mouse that controls your computer, the largest builder of those in the world.

And those 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.

10/21/03: Market Stats

			     
                                  
                                      NET    PERCENT
                         CLOSE     CHANGE     CHANGE
DOW CLOSE              9747.64     -30.30       - .3
HIGH                                         9784.31
LOW                                          9736.68

NASDAQ COMP.           1940.90     +15.76        +.8
HIGH                                         1952.48
LOW                                          1922.78

VOLUME                                       1,437.9
PREVIOUS                                     1,175.7
UP VOLUME                                      778.3
DOWN VOLUME                                    660.0

DOW TRANSPORTS         2864.86      +8.07       + .3
DOW UTILITIES           253.22       +.64       + .3
CLOSING TICK                                    +707

S&P 500                1046.03      +1.35       + .1
S&P 100                 521.76       +.33       + .1
MIDCAP 400              540.72      +2.71       + .5
REUTERS/CRB             244.79      +1.33       + .6

NYSE COMPOSITE         5937.99      +7.31       + .1
VALUE LINE              339.07      +1.40       0.41
RUSSELL 2000            525.53      +4.09       0.78
WILSHIRE 5000         10164.76     +24.52       0.24

U.S. TREASURIES
5-YEAR NOTE 3.125%
Oct. 15,2008          99  8/32      +5/32       3.29

10-YEAR NOTE 4.25%
Aug. 15,2013          99  8/32     +10/32       4.35

30-YEAR NOTE 5.375%
Feb. 15, 2031        102 14/32     +16/32       5.21

LEHMAN BROS.
LONG BOND INDEX        1702.18      +2.47


DOW CLOSE              9747.64     -30.30       - .3
ADVANCES                                        1808
DECLINES                                        1413
NEW HIGHS                                        232
NEW LOWS                                           7

                                      NET    PERCENT
NYSE MOST ACTIVES    4PM CLOSE     CHANGE     CHANGE
LU     Lucent Tech        2.44       -.04       -1.6
TXN    Texas Instrument  27.28      +1.61       +6.3
EMC    EMC               13.50       +.58       +4.5
T      AT&T              20.00      -1.07       -5.1
SBC    SBC Comms         22.00       -.40       -1.8
AGRa   Agere Systems      3.77       +.21       +5.9
MU     Micron Tech       13.58       +.73       +5.7
PFE    Pfizer            31.50       +.50       +1.6
C      Citigroup         47.57       -.57       -1.2
AWE    AT&T Wireless      8.12       -.21       -2.5

NASDAQ CLOSE           1940.90    + 15.76       + .8
VOLUME                                       1,746.8
PREVIOUS                                     1,544.2
ADVANCES                                        1850
DECLINES                                        1351

NASDAQ ACTIVES
MSFT   Microsoft         29.35       +.00        +.0
INTC   Intel Corp        32.12       -.04        -.1
AMGN   Amgen             63.65      +1.76       +2.8
AMZN   Amazon Com        59.35       -.24        -.4
CSCO   Cisco Systems     21.11       +.03        +.1
NTES   Netease.com       59.50      -8.05      -11.9
SINA   Sina Corp         37.70      -3.76       -9.1
EBAY   Ebay Inc          56.43       -.17        -.3
NXTL   Nextel Comm       22.99       +.53       +2.4
DELL   Dell Inc          36.98       +.49       +1.3

AMEX CLOSE             1019.28     - 1.00       - .1

INDEX SHARES
DIA    DIAMONDS TRUST    97.60       -.37        -.4
QQQ    NASDAQ 100        35.23       +.21        +.6
SPY    S&P DEP.RECEIPTS 104.86       -.18        -.2

STOCKS IN THE NEWS
EK     Eastman Kodak     23.64       +.52       +2.3
HCA    HCA Inc           37.14      -1.21       -3.2
BSX    Boston Scienific  63.84       +.24        +.4
UHS    Universal Health  46.15      -2.53       -5.2
MNC    Monaco Coach      22.20      +2.91      +15.1
TGN    Texas Genco       28.20      +4.15      +17.3
BBI    Blockbuster       19.22      -2.28      -10.6
FLS    Flowserve         19.46      -2.14       -9.9
AWA    America West      13.30      +2.15      +19.3
EAT    Brinker Intl      29.60      -4.21      -12.5
JDAS   JDA Software      21.49      +4.01      +22.9
LOGI   Logitech Intl     39.64      +6.49      +19.6