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Program: Wednesday, December 10, 2003

The True Value Of The 10,000 Mark
One On One With John Legere, CEO, Global Crossing
Will The Senate Buy The House Version of The Spending Bill
"Help Wanted"-Part 2: Hot Jobs In Healthcare
"Money File"-The Reason For The Season
Last Word-The Nobel Prize Winners
Paul Kangas' Stocks In The News
Market Stats

12/10/03: The True Value Of The 10,000 Mark

SUSIE GHARIB: Another notch down for the Dow today, just a day after touching the 10,000 mark. The blue chip average closed at the 9921 level, slipping a point-and-a-half. The NASDAQ was also in negative territory, losing 3 2/3 points. So just how important is it for the Dow to finish above the 10,000 mark? Scott Gurvey got some answers.

SCOTT GURVEY, NIGHTLY BUSINESS REPORT CORRESPONDENT: Dow 10,000 is not the milestone it used to be. "Been there, done that" is the attitude of the insiders on Wall Street. The Industrial Average closed above 10,000 for the first time in March of 1999. The last time was in the middle of last year. Breaking through 10,000 was tough the first time around, but the experts say it should be much easier now.

RONALD HILL, INVESTMENT STRATEGIST, BROWN BROTHERS HARRIMAN: I think it`s much less of a resistance point here. Our forecast is that we`ll be by the end of next year at least 10 percent higher than Dow 10,000, so I think it`s less of a problem than it has been at, say, Dow 1000.

GURVEY: Dow 10,000 is said to have more meaning at the retail level because individual investors are more likely to see the 10,000 level as confirmation of a bull market. So far this year, the Dow is up 19 percent. The Standard & Poor`s 500 is up 20 percent, and the NASDAQ Composite is up 41 percent. Corporate earnings will be the real driver of stocks in the year ahead. Performance has been so poor in the last few years that stocks are still richly valued in terms of measures like as the price-to-earnings ratio. If the economy continues to grow next year, profits should grow as well. That would mean higher prices for stocks and higher levels for the averages.

CHRISTINE CALLIES, CHIEF MKT. STRATEGIST, BESSEMER TRUST: We have an earnings estimate for the S&P 500 that is just above $60, and that was recently raised. We have a P/E estimate for the second half of next year that is around 21. Put those together and you get a target of 1266. If the Dow were to advance a comparable amount, the number would be roughly 11,800, which would put it back in the range of the highs for 2000.

GURVEY: The highs of 2000 were the all-time highs, and there is where many market watchers say the next major resistance level will be found. 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.


12/10/03: One On One With John Legere, CEO, Global Crossing

SUSIE GHARIB: Global Crossing is back in business. The telecommunications company, still under federal investigation for its accounting practices, has emerged from bankruptcy after almost two years. The company`s major asset, a 100,000-mile fiber optic network, is active in 27 countries. Global Crossing filed for Chapter 11 in 2002, and since then has wiped out $11 billion in debt. It also starts with fresh financing from Singapore Technologies Telemedia, which owns a 61 percent stake. This afternoon, I saw down with Global Crossing`s CEO, John Legere, and began by asking him what`s his strategy.

JOHN LEGERE, CEO, GLOBAL CROSSING: The vision of the company is to provide next generation communication services connecting the commercial centers of the planet today. And what the mission is is to be the world leader - or one of the world leaders in global data and IP services, leveraging (ph) out the unique strengths of our global network.

GHARIB: Mr. Legere, are you going to maintain your whole network of cables or are there pieces that you`re going to abandon?

LEGERE: In the two years we`ve been restructuring the company, one thing that I made very clear in the beginning is the only thing that would make us unique is the network. So as I restructured the company and worked with banks and creditors and with the new investors, we made it very clear, while we restructure our self, if there`s something that makes you unique, that will differentiate you when you come out, don`t change it. Do everything you can to protect it. In fact, we expanded it.

GHARIB: One of the issues that created problems for Global Crossing was that the company built this vast network of fiber optic cables, but demand never materialized. How much demand is there now and where is it coming from?

LEGERE: The demand that`s key to our business right now is the growth in data traffic, the growth in Internet protocol traffic. IP traffic or IP communications demand is growing at about 100 percent a year, we happen to be growing 200 percent. So raw capacity, bandwidth, that was the market that temporarily went away. But the data communications business, which is on top of this network, that`s where the growth is and that`s what`s going to be the demand that we go after.

GHARIB: Who will be your be your big customers?

LEGERE: Our biggest customers will be carriers. They will be wireless carriers. They`ll be governments. They will be multinational corporations. And they`ll also be a growing set of systems integrators. Right now we have 40 percent of the Fortune 500 doing business with Global Crossing. And the ones that need us most are the ones whose requirements are global. So we don`t really need to compete and beat the big guys. We`re not trying to topple AT&T (T). What we`re trying to do is take 3 or 4 percent market share in that global set of requirements for customers.

GHARIB: Are these the same customers that you had pre-bankruptcy, did they stay on?

LEGERE: We were able to retain our customers heavily. We signed 4200 new and expansion contracts during the time of restructuring, from about $1.7 billion, and that`s accelerating.

GHARIB: What is your relationship with your majority owner, SingaporeTel, are there any synergies?

LEGERE: They have eight members of the board of directors representing them and they`re going to play a role in oversight and governance of the business. And they`re going to also continue to invest on their own in things that they see providing value across the group. So good, strong owner, importantly I hear from customers that their name is very strong, they`re seen as a solid group, an ethical group, and they`re going to add to the name of Global Crossing as well.

GHARIB: Do you think customers will feel comfortable doing business with Global Crossing given what happened to the company, the bankruptcy, the accounting irregularities?

LEGERE: We`ll prove by the way we run our business, by the new governance system of the board of directors, by the satisfaction level we give to customers, and if we continue to provide the best service at the best quality and customers are satisfied, I believe customers will come.

GHARIB: Can you update us on the status of the legal and accounting investigations that are going on with the government?

LEGERE: The new Global Crossing that emerged today will not be burdened by these issues, however there are some questions that the world wants to hear the answers to. The Securities and Exchange Commission investigation, which began in February of 2002, is not completed. In October of 2002 we did restate certain transactions which was part of that process. Now I don`t know the time frame for the SEC to finish, certainly they run on their own time frame, but we`ve gotten good marks for being very cooperative. And whatever their findings are they will not be a major impact to the ongoing company.

GHARIB: Now that you`re out of bankruptcy, is it one of your goals that Global Crossing will trade publicly again?

LEGERE: In fact, we`re trading today over-the-counter. We emerged yesterday. So on the OTC today our Global Crossing stock is trading. And we applied to trade on the NASDAQ. We need audited results, so we filed those two days ago. So within two weeks we would expect this new stock to trade in the NASDAQ.

GHARIB: Mr. Legere, thank you for your time.

LEGERE: Thank you for having me.

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.


12/10/03: Will The Senate Buy The House Version of The Spending Bill

SUSIE GHARIB: Just 41 more days until Congress comes back into session in Washington. And when lawmakers return on January 20, the Senate will take up the spending bills that finance a huge chunk of the federal government. The House already passed its own version of a spending plan this week, and as Stephanie Woods reports, it`s filled with gifts of the political kind.

STEPHANIE WOODS, NIGHTLY BUSINESS REPORT CORRESPONDENT: This singing Santa set the theme Monday for a meeting of House Republicans just before they passed a $375 billion catch-all federal spending bill. Analysts say the bill is full of rewards to politicians for their votes.

STAN COLLENDER, BUDGET ANALYST, FLEISHMAN-HILLARD: There are certain goodies being handed out to members of Congress, some whom have been naughty, many of whom have been nice, but all of whom need to do something to show their constituents that they are representing their interests in Washington.

WOODS: Included in the bill: $50 million to build an indoor rainforest and aquarium in Iowa; $6 million for the Treasure Island Bridge outside Tampa, Florida; and $725,000 for the Please Touch Museum in Philadelphia. The spending on what many regard as pork barrel projects comes at a time of steep deficits. But it was already built in to the $480 billion deficit forecast for fiscal year 2004. While there`s concern about current spending, the bigger worry is about spending 10 years from now, when Baby Boomers begin to retire and Social Security and Medicare costs skyrocket.

DOUGLAS HOLTZ-EAKIN, DIR., CONGRESSIONAL BUDGET OFFICE: On current law, prior to the Medicare bill in fact, these would rise from 8 percent of our national income to about 14 percent of our national income. That 6 percent of national income is currently about $600 billion, and that kind of an increase will have to be financed one way or another.

WOODS: Financing that tab may mean higher taxes on both individuals and businesses, but not now.

ROBERT BIXBY, EXECUTIVE DIR., THE CONCORD COALITION: Oh, it`s an election year and Congress is definitely playing Santa Claus. The one difference is that Santa Claus does not leave a bill in your kid`s stocking when he gives out the presents.

WOODS: Beside increasing taxes, the other option is to cut spending. Since both are politically unpopular, and a deficit crisis is seemingly far off, neither is likely any time soon. 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.


12/10/03: "Help Wanted"-Part 2: Hot Jobs In Healthcare

SUSIE GHARIB: There are some sectors of the economy still shedding workers in this jobless recovery. But other areas, like nursing, can`t find enough workers. As a result, nurses are commanding higher salaries and more flexible schedules. As we continue our series "Help Wanted," Diane Eastabrook looks at why this area of health care is so hot.

DIANE EASTABROOK, NIGHTLY BUSINESS REPORT CORRESPONDENT: Student nurse Christopher Baran constantly interacts with patients and other medical professionals on the neurology floor at Loyola University Medical Center near Chicago. It`s a huge change from his former career as a research chemist, and the reason the 26-year-old left the specialty chemical industry last year.

CHRISTOPHER BARAN, NURSING STUDENT: I`m a people person, and that aspect was very important to me, and research and development work is just in a closed room all day long, and it was very frustrating.

EASTABROOK: Baran is among 60 students enrolled in Loyola`s accelerated nursing program. These students already have bachelor`s degrees in other fields, and through an intensive curriculum will get bachelor`s degrees in nursing in one year. School of Nursing Dean Sheila Haas says the accelerated program is tough, but popular. Enrollment this year doubled over last, and applications for next year are already up more than 30 percent.

SHEILA HAAS, DEAN, LOYOLA UNIV. SCHOOL OF NURSING: They want a career where there is job satisfaction. They want a career where they feel they`ve made a difference. They want a career that gives them options in terms of where they work, when they work. And they found that nursing can do all of that for them.

EASTABROOK: Baran shouldn`t have much trouble finding a job when he graduates next spring. A severe nursing shortage in the U.S. has created about 130,000 vacancies in hospitals nationwide. The shortage is also boosting nurses` salaries. A recent survey by "R.N." magazine found the average annual salary for nurses who are paid by the hour is more than $47,000. That`s a 10 percent improvement from 2001, when the last poll was taken. Salaried nurses who typically work in management or administration saw a similar improvement in their incomes. Baran is already fielding job offers, and is amazed by his earning potential.

BARAN: I should be able to double the salary I left my first year being a nurse.

EASTABROOK: And with a nursing shortage expected to continue another 20 years, Baran`s future should only get better. Diane Eastabrook, NIGHTLY BUSINESS REPORT, Maywood, Illinois.

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.

  12/10/03: "Money File"-The Reason For The Season

SUSIE GHARIB: In our "Money File" tonight: a lesson about the true spirit of holiday giving. Here`s Chuck Jaffe, senior columnist for "CBS Marketwatch."

CHUCK JAFFE, SENIOR COLUMNIST, CBS MARKETWATCH: A friend of mine uses the holidays to teach his children about the gift of giving. This year, I`m going to follow his lead in my house, and I`m encouraging others to do the same. In making his end-of-the-year charitable donations, my friend writes three extra checks for $50 each, but leaves the payee information blank. He then puts each check in an envelope and gives one to each of his preteen children, with instructions that they pick the organization to receive the money. To forward the check to a charity, the kids must cough up a little cash of their own too. If they can`t find a cause that`s important enough to support with their own money, the checks, which are an awful lot of money for kids that age, get torn up. With active help from the parents, the kids go through the process of deciding what beliefs are important, what organizations do good work, and they learn how to research charitable groups. The parents get a chance to talk about groups that they support with their money, which is a great way to pass their values to the next generation. The parents get a tax deduction too, because, of course, they wrote the check. What`s more, my friend reports that throughout the rest of the year, as his children come across fund-raising drives for everything from animal shelters to religious groups to community theater companies, the kids think about how money can be used to help so many people in so many ways. It`s a gift that, if done right, teaches lessons and values that last a lifetime. And that`s the kind of holiday gift that`s truly worth giving. I`m Chuck Jaffe.

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.

  12/10/03: Last Word-The Nobel Prize Winners

SUSIE GHARIB: And the Nobel prize for economics was given to Robert Engle and Clive Granger today for their work in forecasting and assessing risk. Now while you probably know about the Nobel prizes, there are a few things about the awards you probably don`t know. Two people have won twice: American John Bardeen for physics, and Frenchwoman Madame Curie for physics and chemistry. Dublin is the only city in the world that`s home to three literature laureates: William Butler Yeats, George Bernard Shaw, and Samuel Beckett. And Paul, in 1975 the economic winners were a Russian and an American, but they were mistakenly given each others` engraved medals. And it took four years of diplomacy to fix that error.

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.

 

12/10/03: "Paul Kangas' Stocks In The News"

PAUL KANGAS: Stocks edged higher on Wall Street`s opening in a rebound from yesterday`s late sell-off, but the upturn was mild in the absence of any major earnings or economic reports. An hour into trading, the Dow was up 15 points and the NASDAQ Index rose only 2 points. The blue chips were bolstered by strength in IBM stock. But the mortgage banking and home building stocks were weak on news of a 12.2 percent drop in mortgage applications last week to an 18-month low. At midday, the Dow was up 22 points, but NASDAQ Composite was down 4 points. The market edged slightly lower for the rest of the day as investors turned cautious ahead of tomorrow`s reports on November retail sales and new jobless benefit claims. The Dow Industrial Average closed down 1.56 at 9921.86. The NASDAQ Composite lost 3 2/3 points to 1904.65. Standard & Poor`s 500 fell 1.13, ending at 1059.05. Over in the bond market the 10-year note rose 9/32 to 99 14/32, putting the yield at 4.32 percent.

The most active New York exchange issue, trading 36.1 million shares, Lucent Technologies (LU), down $0.13, even though the company said its order backlog as of September 30 was $2.2 billion, up from $1.9 billion a year ago.

EMC (EMC) moved up $0.11. Goldman Sachs upgraded it from in-line to outperform. The company increased its fourth-quarter revenue outlook. And we`ll have some more news later on EMC.

Washington Mutual (WM) down another $1.40. It dropped $3.88 yesterday when the company cut 2003 earnings estimates because it mortgage income is weakening.

General Electric (GE) up $0.16.

Texas Instruments (TXN), $0.43-gain, number five in big board volume.

AT&T Wireless (AWE) moved up $0.17.

Taiwan Semiconductor (TSM) down $0.27.

Hewlett-Packard (HPQ) a $0.04 rise.

Disney (DIS) was up $0.32. The company`s chief financial officer predicted a 30 percent earnings growth factor in its current fiscal year, and also predicted that its ABC unit will be profitable in the year 2005.

Motorola (MOT) down $0.23, tenth in big board volume.

And there we see Big Blue (IBM) up $1.10, and it traded a dollar higher than that during the session. No major news we saw but some pretty aggressive buyers. And of course, it was the best gainer in the Dow Industrial Average point-wise.

AutoZone (AZO) sellers put the brakes on it today, down $11.09, it traded as low as $76.27. The company did report first-quarter earnings of $1.35, well up from $1.04 last year. But the U.S. same-store sales for AutoZone rose only 1 percent. And on top of that, U.S.B. Piper brokerage downgraded the stock from strong buy all the way down to reduce.

Tyco International (TYC) up $0.33. The company forecasting first-quarter earnings will come in at $0.30 to $0.32, the full year, $1.42 to $1.52 a share. The company also said it plans no major acquisitions until 2005.

Toll Brothers (TOL), the homebuilder, down $1.58. Fourth-quarter earnings sharply higher, $1.19 versus $0.93, a nickel above the Street estimate, revenues up a whopping 28 percent. The company sees net income for the next two years rising 20 percent. Nevertheless, this is the second day in a row the prospect of higher interest rates hurt the homebuilders and, of course, the mortgage companies as well. Let`s have a look at some more homebuilders in that sector: Beazer (BZH) down $4; $3.30-loss in KB Home (KBH); M.D.C. (MDC) and Pulte (PHM) homes, losses of well over $5 a share.

Korn/Ferry International (KFY) up $1.23. This executive recruitment firm came in with second-quarter earnings of $0.06 versus a nickel per share loss last year. And it sees third-quarter earnings of around $0.01 to $0.08 a share.

Pope & Talbot (POP), the wood products company, up $1.07. C.S. First Boston brokerage upgraded it from neutral to outperform citing the winding down of the U.S. and Canadian lumber trade war, it says that`s a major factor plus one.

Schering-Plough (SGP) was down $0.74 a share. UBS Financial brokerage downgraded it from neutral to reduce.

And Toro Company (TTC) down $3.21. The manufacturer of turf maintenance equipment reported fourth-quarter sales and earnings were both up 13 percent. Those earnings came in at $0.21 a share, $0.02 above the Street estimate. But analysts feel the company`s first-quarter earnings will likely be a bit lower, that`s what hurt the stock apparently.

And Corning Incorporated (GLW) up $0.19. J.P. Morgan sees the company`s fourth-quarter earnings coming in at $0.04 a share, cites strength in its liquid crystal display business. And J.P. Morgan also upgraded it from neutral to overweight.

Intel (INTC), a $0.17-gain.

Then Microsoft (MSFT) up $0.21. Microsoft the subject of both positive and negative comments in the "Heard on the Street" column in "The Wall Street Journal" today.

Cisco (CSCO) up $0.55. The company is upbeat on the business outlook and sees confidence building among its customers.

Dell Incorporated (DELL) down a half-a-dollar.

A similar loss in SanDisk (SNDK).

And then Applied Materials (AMAT), a $0.29-gain.

A $0.69-loss in InterActive (IACI).

Amgen (AMGN) up $0.28.

KLA-Tencor (KLAC) rose $0.51.

Tenth in volume, Oracle (ORCL), up $0.17 a share.

Network Engines (NEGN) plunging $3.92. The company is in the server business. And this is a negative reaction, apparently, to a contract amendment the company made with EMC. And that`s going to hurt Net Engines` profits apparently.

And Systems & Computer Technology (SCTC) up $1.84. SunGard Data (SDS) will acquire this company for $16.50 a share in cash.

And those are the "Stocks in the News."

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.

12/10/03: Market Stats

   
                                      NET    PERCENT
                         CLOSE     CHANGE     CHANGE
DOW CLOSE              9921.86      -1.56       - .0
HIGH                                         9958.38
LOW                                          9882.38

NASDAQ COMP.           1904.65      -3.67        -.2
HIGH                                         1916.00
LOW                                          1887.46

VOLUME                                       1,412.4
PREVIOUS                                     1,421.7
UP VOLUME                                      515.5
DOWN VOLUME                                    879.5

DOW TRANSPORTS         2912.67      -8.25       - .3
DOW UTILITIES           253.07       +.34       + .1
CLOSING TICK                                    +414

S&P 500                1059.05      -1.13       - .1
S&P 100                 525.33      +1.18       + .2
MIDCAP 400              555.28      -3.81       - .7
REUTERS/CRB             260.44       -.61       - .2

NYSE COMPOSITE         6108.65     -28.52       - .5
VALUE LINE              344.36      -2.38      -0.69
RUSSELL 2000            528.49      -6.05      -1.13
WILSHIRE 5000          10295.7     -31.00       -0.3

U.S. TREASURIES
5-YEAR NOTE 3.375%
Nov. 15,2008         100 12/32      +9/32       3.29

10-YEAR NOTE 4.25%
Nov. 15,2013          99 14/32      +9/32       4.32

30-YEAR NOTE 5.375%
Feb. 15, 2031        103  7/32      +7/32       5.15

LEHMAN BROS.
LONG BOND INDEX        1716.06      +5.55


DOW CLOSE              9921.86      -1.56       - .0
ADVANCES                                        1277
DECLINES                                        2025
NEW HIGHS                                        147
NEW LOWS                                          11

                                      NET    PERCENT
NYSE MOST ACTIVES    4PM CLOSE     CHANGE     CHANGE
LU     Lucent Tech        2.79       -.13       -4.5
EMC    EMC Corp          12.37       +.11        +.9
WM     Washington Mutual 38.57      -1.40       -3.5
GE     GE                29.72       +.16        +.5
TXN    Texas Instrument  27.92       +.43       +1.6
AWE    AT&T Wireless      7.18       +.17       +2.4
TSM    Taiwan Semi        9.85       -.27       -2.7
HPQ    Hewlett-Packard   22.00       +.04        +.2
DIS    Disney Co         22.41       +.32       +1.5
MOT    Motorola          12.55       -.23       -1.8

NASDAQ CLOSE           1904.65     - 3.67       - .2
VOLUME                                       1,952.5
PREVIOUS                                     1,816.5
ADVANCES                                        1073
DECLINES                                        2098

NASDAQ ACTIVES
INTC   Intel             30.42       +.17        +.6
MSFT   Microsoft         26.59       +.21        +.8
CSCO   Cisco Systems     23.78       +.55       +2.4
DELL   Dell Inc          32.96       -.50       -1.5
SNDK   SanDisk           60.33       -.47        -.8
AMAT   Applied Matl      21.65       +.29       +1.4
IACI   InterActiveCorp   28.79       -.69       -2.3
AMGN   Amgen             58.21       +.28        +.5
KLAC   KLA Tencor        53.71       +.51       +1.0
ORCL   Oracle            12.78       +.17       +1.4

AMEX CLOSE             1112.39    - 12.18      - 1.1

INDEX SHARES
DIA    DIAMONDS TRUST    99.60       +.15        +.2
QQQ    NASDAQ 100        34.56       +.11        +.3
SPY    S&P DEP.RECEIPTS 106.73       -.01        -.0

STOCKS IN THE NEWS
IBM    IBM               91.73      +1.04       +1.2
AZO    AutoZone          80.25     -11.09      -12.1
TYC    Tyco Intl         24.32       +.33       +1.4
TOL    Toll Brothers     37.87      -1.58       -4.0
BZH    Beazer Homes      97.25      -4.00       -4.0
KBH    KB Home           65.12      -3.30       -4.8
MDC    MDC Holdings      62.00      -5.75       -8.5
PHM    Pulte Homes       84.90      -5.48       -6.1
KFY    Korn/Ferry Intl   11.22      +1.23      +12.3
POP    Pope & Talbot     15.62      +1.07       +7.4
SGP    Schering-Plough   16.30       -.74       -4.3
TTC    Toro Co           45.16      -3.21       -6.6
GLW    Corning           10.08       +.19       +1.9
NENG   Network Engines    6.10      -3.92      -39.1
SCTC   Systems Computer  16.34      +1.84      +12.7








 

 

 

 

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