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Program: Friday, September 17, 2004

What's Ahead For The Third Quarter?
One On One With Captain Duane Woerth, President of the Air Line Pilots Association
Hotel & Worker Relations Are Less Than Hospitable
Market Monitor-James Stack, President of Investech Research
"Last Word"-The Oprah/Pontiac Payoff
Paul Kangas' Stocks In The News
Market Stats

09/17/04: What's Ahead For The Third Quarter?

SUSIE GHARIB: An earnings pre-announcement from Ford today and it`s a good one. The world`s third largest automaker raised its third quarter profit outlook on strength in its financial services sector. Ford now says it will make $0.10 to $0.15 a share in the quarter. That`s up sharply from prior estimates of break even to $0.05. Full year earnings are also looking better, between $1.90 and $2, up $0.10 from earlier estimates. But even as Ford announced this good news, it had bad news for workers: it`s ending production at a Jaguar plant in England, cutting more than 1,100 jobs. Ford is just one of a long list of companies giving investors a heads up on what to expect this earnings season. Here`s Suzanne Pratt with a preview of how the third quarter is shaping up.

SUZANNE PRATT, NIGHTLY BUSINESS REPORT CORRESPONDENT: It`s that time again on Wall Street, otherwise known as confession season: the time when companies that aren`t meeting forecasts divulge their sins and warn investors. In the last few weeks, big names like Intel, Coca-Cola and Alcoa have red-flagged Wall Street about their third quarter earnings reports. On the whole, negative pre-announcements are sharply outnumbering positive surprises. According to First Call, so far almost twice as many companies have pre-announced bad news than have issued good forecasts. Last quarter at this time positive pre-announcements outpaced negative. To some, all of the corporate `fessing up is foreshadowing a big slowdown in earnings in the coming months.

EDWARD KEON, CHIEF INVESTMENT STRATEGIST, PRUDENTIAL EQUITY GROUP: I think it`s the beginning of a steep slowdown in the earnings cycle, that we`re starting to see earnings issues, especially in technology but even other companies, like Coca-Cola, have pre-announced bad news. I think it`s just the party might be over for the great earnings we`ve seen in the last several quarters.

PRATT: Even though third quarter earnings are expected to reflect the economy`s summer soft patch, not to mention the effects of at least three hurricanes, it`s still expected to be a fairly decent period for corporate America. Analysts are forecasting a 15 percent gain in profits for S&P 500 companies, double the historic average, but a pretty hefty decline from recent stellar quarters. And experts say the stock market has definitely been troubled in recent months by talk of a pullback in profit growth. But some also say that investors have been obsessively worrying about what may or may not happen with earnings in the coming quarters.

JOSEPH MCALINDEN, CHIEF INVESTMENT OFFICER, MORGAN STANELY INVESTMENT MGMT.: The stock market has been concerned about a number of different things: terrorism; higher oil prices; higher interest rates and a slowing in earnings growth. And I think that they`ve priced in too much of a slowing in earnings growth.

PRATT: Corporate confession season is expected to continue for the next three weeks and then by mid October, companies will start reporting actual third quarter numbers and continue doing so right until about the presidential election. Suzanne Pratt, 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.

09/17/04: One On One With Captain Duane Woerth, President of the Air Line Pilots Association

PAUL KANGAS: United Airlines has gotten a brief reprieve in bankruptcy court. In Chicago today, a judge gave the carrier another 30-days to file its reorganization plan. It`s the second time United has asked for that deadline to be pushed back. The carrier also confirmed today it needs an additional $500 million in annual cost cuts. That`s on top of the $655 million in cuts already in the works, including cuts in its employee pension plans.

SUSIE GHARIB: United`s pilots could be called on for helping in meeting those cost cuts. Joining us now to talk about that and issues pilots are facing at other airlines, Captain Duane Woerth, president of the Air Line Pilots Association. Hello Captain. Nice to have you on our program tonight.

DUANE WOERTH, PRES., AIR LINE PILOTS ASSOCIATION: Thank you.

GHARIB: Let`s begin talking about U.S. Air. Many people say that U.S. Air was forced into bankruptcy because the pilots were not willing to make concessions and to come through on that. What do you think are the lessons from U.S. Air?

WOERTH: Well, first of all, the pilots and the other employees of U.S. Air gave billions of dollars in concessions already. The pilots about two and a half billion over five years, plus they lost their pension. This was an another concessionary request. They`re in bankruptcy because the loan guarantee covenants were going to be in violation, so U.S. Airways is in bankruptcy protection because of the creditors, not because of the employees. Having said that I do hope that our pilots will be able to reach an agreement prior to emergency court order.

GHARIB: All right. Let`s move on the Delta (DAL), because Delta is also on the verge of bankruptcy, also negotiating with pilots. Do you think that Delta pilots will be more willing to make some concessions having seen now what`s happened at U.S. Air?

WOERTH: I don`t think the U.S. Air situation affects them, I think their own situation, their open early retirement problems, the lack of a real business plan at Delta and the continuing pressure on all pension plans, they`re actually getting closer to a deal. I really think they will actually reach agreement at Delta Airlines.

GHARIB: How close are they to a deal? When do you think that might happen?

WOERTH: It won`t happen in September, but hopefully in October is what I`m predicting right now.

GHARIB: A lot of people, the public perception about commercial airline pilots is that they are overpaid, that they`re unwilling to work with the airlines to avoid bankruptcy, and to solve a lot of the financial issues. Do you think pilots have a PR problem?

WOERTH: We may have a PR problem because the facts certain don`t support the statement you just made. We`ve given billions and billions of dollars in concessions since 9/11 and in previous recessions we did the same. We`ve saved the airlines ever since deregulation more than once and it looks like we`re doing it again. Especially U.S. Airways as a case in point, we rarely lose a pension plan before a company is liquidated, but it seems to be a new game in town.

GHARIB: You`ve been a commercial airline pilot for some 27 years so, you`re well aware of a lot of the issues facing the airline industry. What do you think are the solutions? What would you as a pilot like to see happen?

WOERTH: First of all, the pension problems we really need some pension relief from Congress as long term amortizations of unfunded liabilities. That is exactly what they did in Canada with the same problem. Air Canada emerged from bankruptcy once the government permitted long term amortization of the pension plan liabilities. Number two, we need to get the tax burden off the industry. We pay more taxes on airline tickets than they do on liquor and tobacco, almost twice as much, that needs to change. Fuel prices need to come down. The oil is going to stay this expensive, it`s nearly $45 a barrel. We need some relief from fuel taxes and lastly but not least I definitely believe this industry, the regulators ought to look at consolidation. Every other industry by now in this business cycle would have been permitted to do some rational mergers and fragmentations to take out this excess capacity. The laws of supply and demand are killing us right now. We make $15 billion less in revenue than we did prior to September 11, hauling the same number of people and fuel costs $13 billion more at that time.

GHARIB: Unfortunately, we`ve run out of time. We`re going to have to leave it there. Captain Woerth, thank you very much for coming on the program.

WOERTH: You`re welcome.

GHARIB: We`ve been speaking with Captain Duane Woerth, president of the Airline Pilots Association.

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.

09/17/04: Hotel & Worker Relations Are Less Than Hospitable

PAUL KANGAS: There`s also labor trouble brewing tonight at big, marquee-name hotels in Los Angeles, San Francisco, and Washington, D.C. They`re bracing for a possible strike by workers as soon as this weekend. Darren Gersh reports.

DARREN GERSH, NIGHTLY BUSINESS REPORT CORRESPONDENT: In Washington, the cooks, the maids, and the bellhops are almost ready to strike the city`s biggest hotels, from the Marriott Wardman Park to the Omni Shoreham. But the union representing those workers-- Unite Here local 25-- is not saying where or when it will walk off the job at as many as 14 hotels.

JOHN BOARDMAN, EXEC. SECRETARY, UNITE HERE LOCAL 25: We`re at about 75 percent readiness now. We should be completely ready with the conclusion of our picket captain training and the production of some of the signs and other logistical things tomorrow. So by tomorrow night, we`re going to be ready to go if that is our tactical decision. We have not made a tactical decision yet to execute.

GERSH: Fourteen hotels in San Francisco and nine in Los Angeles are also bracing for a possible strike this weekend. Though some conventions are already canceling reservations, the industry says it will still take care of its guests.

JOE MCINERNEY, CEO, AMERICAN HOTEL & LODGING ASSN.: Management will have to do some of the jobs that they are not accustomed to doing, but as an industry we are ready to do that.

GERSH: The key sticking point is a union demand for a two-year contract which will let the hotel workers coordinate negotiations in virtually every major hotel market in North America in 2006.

BOARDMAN: Obviously if we are bargaining together we`re going to have the same kind of leverage that national companies have when they bargain with us individually.

GERSH: The industry disagrees, saying local issues need to be addressed market by market.

MCINERNEY: Wage and health costs in New York are different than they are in Chicago and Los Angeles.

GERSH: Analysts say national hotel contract talks would give unions more clout and a good contract now will position the hotel unions for the bigger talks in 2006.

CHARLES CARVER, LABOR LAW PROFESSOR, GEORGE WASHINGTON UNIV.: They`ve been very successful in cities like L.A. and San Francisco, and if they unions can demonstrate their ability to do well in these markets, they will expand their appeal.

GERSH: Analysts say a strike would hurt the industry in popular cities just as the hotel business is finally getting back to pre-9/11 levels. Darren Gersh, 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.

09/17/04: Market Monitor-James Stack, President of Investech Research

PAUL KANGAS: My guest market monitor this week is James Stack, president of Investech Research, based in Whitefish, Montana. Good to see you again Jim. Welcome.

JAMES STACK, PRES., INVESTECH RESEARCH: Thank you, Paul. It`s great to be here.

KANGAS: Among the major factors influencing the stock market these day are the Iraq war, oil prices, the presidential election, the budget deficit and monetary policy. Can you comment briefly on each of these things in the order of importance that they are in your mind?

STACK: Well, when analyzing the market, it`s important to separate the emotional fears from the true financial risks. And the ongoing war in Iraq, the presidential election and budget deficits are creating very bad headlines, but they`re more or less political or geo political events that do not have a long term impact on the market. The true financial risk out there lies in oil prices and in interest rates and that`s where investors have to stay focused.

KANGAS: OK, oil prices and interest rates. That`s it. The rest of it is just like you say not that impressive.

STACK: Yes. We`ll have to see oil prices stabilize and settle down around $40 a barrel and I think that will likely happen. At the same time we have to be careful not to see the pressures increase on the Federal Reserve to where they tighten more aggressively than they already are. KANGAS: Do you think they`ll tighten another measured quarter next week?

STACK: The market certainly expects it. That`s an interesting note, though, if the Federal Reserve does tighten or raise the discount rate next week, it would be only the second time in the Federal Reserve`s 90-year history that they`ve tightened interest rates in the two months preceding a presidential election. Generally they don`t want to be viewed as a political animal.

KANGAS: But you think they`ll do it anyway, right?

STACK: I think the odds are certainly there, but historical precedent might suggest otherwise.

KANGAS: All right. Give us your opinion briefly of the stock market`s present technical condition.

STACK: The technical strength is holding up much better than I would have expected even six months ago. This bull market is still intact; we have broad participation. Where we don`t have or we`re not seeing any of the down side leadership that would lead into a bear market, again I`m nervous going forward into 2005, but right now the blocks are still in place for more bull markets.

KANGAS: All right. Now on your last visit with us in early February of this year, you gave us three buy recommendations and let`s see how they fared. Pfizer (PFE) didn`t fare too well, down 18.4 percent.

STACK: No, all of the pharmaceutical companies are suffering in fear of the presidential election and what might come out of it in controlling or regulations in their industry. I think there`s still promising and could see a strong rebound after the election.

KANGAS: So you`re staying with Pfizer?

STACK: Yes, I think on a valuation basis it`s selling near the lowest intrinsic value that we`ve seen in over 10 years.

KANGAS: Now Biomet (BMET) did rather well, up 16.2 percent. Are you still with it?

STACK: Yes. We`re still holding that one. It`s not quite - it`s got (ph) about 10 percent to go to our sell target.

KANGAS: OK then. Then we had the best of the trio of recommendations, Devon Energy (DVN), which is up 31.4 percent. That`s had a nice move. You`re taking some money off the table?

STACK: Well, all of the energy sectors performed well in our portfolio. Those three stocks by the way on average were up 9.7 percent. So I wouldn`t be worried about the energy sector going forward even if oil does settle back a little bit, but it never hurts to pull some of the profits off.

KANGAS: OK, any new recommendations? We`re down to little over a minute, Jim.

STACK: Yes. Four stocks that we`re holding in our managed accounts as well as my own portfolio, ALLTEL (AT) symbol AT, a regional communications company, Apache Corp (APA). That is a natural and oil gas producer, PepsiCo (PEP).

KANGAS: Wait a minute, let`s get the chart up first on Apache which has had a nice move. OK.

STACK: Yes. And again it`s breaking out from a technical strength standpoint to a new high. I think it still has more profits going forward.

KANGAS: PepsiCo, there we go.

STACK: Yes. It`s near the lower level of its intrinsic value based on cash flow, symbol PEP. It pays a 2 percent dividend. It`s a conservative non- cyclical stock. It will be more defensive if interest rates continue rising.

KANGAS: OK, 25 seconds. If we have one more recommendation, we`ve got time.

STACK: The last one, in a sector that tends to hold up well in a late stage bull market, that is the health care sector, Renal Corp. (RCI), operates almost 400 kidney dialysis centers around the country, symbol RCI. That`s a very promising.

KANGAS: Do you own all these, Jim, own them all personally?

STACK: Absolutely, yes, both in my account and in our managed account.

KANGAS: Jim, thanks very much.

STACK: My pleasure, Paul.

KANGAS: My guest market monitor James stack, president of Investech Research.

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.

09/17/04: "Last Word"-The Oprah/Pontiac Payoff

SUSIE GHARIB: And finally, it appears a big publicity gamble may be paying off for Pontiac. On Monday we told you about Oprah Winfrey giving away 276 new Pontiac G-6 sports sedans to audience members of her TV show. Well, as a result, interest in the new model car has zoomed. Pontiac says right after the show aired, hits on its web site soared from 37,000 on a normal day to almost a quarter of a million. Only a few hundred cars are out on dealership floors, but customers are already asking for them. And here`s a funny story, Paul, Pontiac says that they have reports of a customer who bought the G-6 right off of the truck that was delivering it to the dealership.

KANGAS: Well, it`s the best door prize that I ever heard of, I`ll tell you that, unbelievable.

GHARIB: Would have loved to have been in that audience, right Paul?

KANGAS: That`s for sure.

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.

9/17/04: "Paul Kangas' Stocks In The News"

PAUL KANGAS: Wall Street`s blue chips got an early boost from that upbeat outlook from Ford and better than expected results from Tektronix (TEK) and Circuit City (CC). Early on, the Dow was up 65 points, NASDAQ rose about six points. Then the Dow came under selling pressure after a California court reinstated damages against Altria (MO) in a five-year old smoker`s case. Rising oil prices also trimmed the market`s advance but the Dow industrial average managed to hold on to a 40 point closing gain putting it at 10,284.46. The Dow rose in four out of this week`s five sessions and had a net loss though of 28.61 points. The NASDAQ Composite rose six points to close at 1910.09 today. It too fell just once this week and had an overall gain of 15 3/4 points. Standard & Poor`s 500 index was up 5 points today at 1128.55. Over in the bond market, the 10-year note rose 9/32.

Most active big board issue was General Electric (GE) on 22.3 million shares, stock moving up $0.69.

Then Pfizer (PFE) down $0.06.

NorTel Networks (NT) dropped $0.09.

Lucent Technologies (LU) fell a penny.

And there you see it, Citigroup (C) losing $0.23 a share, fifth in big board volume.

Texas Instruments (TXN) moved up $0.49. After the close yesterday, as we reported, the company announced a small dividend boost and a $1 billion stock buy back.

ExxonMobil (XOM) moved up $0.82 in a very firm oil group after New York October oil futures rose $1.71 to $45.59 a barrel.

Wal-Mart Stores (WMT) losing $0.29.

Hewlett-Packard (HPQ) an $0.11 drop.

Tenth in volume, EMC Corp. (EMC) managed to gain $0.07.

Anheuser-Busch (BUD) dropped only a penny, although Deutsche Bank Securities downgraded it from "buy" to "hold" because of the company`s waning volume growth, which is now at only about 1 percent.

Circuit City (CC) did well today, ending up $0.61. Company cut its second quarter loss to only $0.06, versus a $0.63 loss a year ago and the Street was expecting an $0.11 per share loss. The company cites strong digital TV and notebook computer sales and also its cost cutting measures.

Tektronix (TEK) moved up $2.44 after reporting sharply higher first quarter earnings, $0.43, up from $0.13 last year and sales were up a very respectable 24 percent.

Alpharma (ALO) rising $1.78. A Washington state appeals court cleared the way for the company to sell its generic version of Pfizer`s epilepsy drug called Neurontin.

Hillenbrand Industries (HB) which owns mortuaries and makes caskets, etc. cut its prior 2004 earnings estimate of $3.19 to $3.24 a share, all the way down to $2.95 and $3. It also plans to lay off 230 employees. Standard & Poor`s downgraded Hillenbrand stock from "hold" to "avoid."

And Sealed Air (SEE) off $4.82. The company cut its 2004 earnings guidance from the range of $2.80 to $2.90, down to $2.60 to $2.70. The Street estimate stood at $2.82 a share.

NASDAQ`s most active, QUALCOMM (QCOM) losing $1.57. Because of potential changes in the way the company accounts for royalties and that could cut its fourth quarter earnings.

Intel (INTC) moved up $0.48.

Microsoft (MSFT) $0.25 gain.

eBay (EBAY) rose $0.77.

Fifth in volume was Cisco Systems (CSCO) down $0.43. Research In Motion (RIMM) edged up $0.21.

Oracle (ORCL) up $0.28.

InterActiveCorp (IACI) gained $1.52 on speculation the company`s chief executive officer Barry Diller might want to take the company private.

Applied Materials (AMAT) was up $0.12.

And Google (GOOG) up $3.52, had a big move today.

Flamel Technologies (FLMLY) down $4.29. Bristol Myers has terminated a licensing agreement with the company that would have given it $120 million in potential milestone payments.

And then TETRA Technologies (TTI) down $3.53 after the company warned its fourth quarter is getting off to a very slow start, predicting lower earnings.

And over on the American exchange, big loser, Phoenix Footwear Group (PXG) dropping nearly 30 percent after the company said it will not meet its 2004 earnings guidance of $1 to $1.10 a share because of delayed deliveries. The First Albany brokerage downgraded the stock from "buy" to just a "neutral" rating.

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.

09/17/04: Market Stats



                                      NET    PERCENT
                         CLOSE     CHANGE     CHANGE

DOW CLOSE             10284.46     +39.97       + .4
HIGH                                        10314.76
LOW                                         10245.74

NASDAQ COMP.           1910.09      +6.01        +.3
HIGH                                         1911.00
LOW                                          1896.67

VOLUME                                       1,439.8
PREVIOUS                                     1,113.3
UP VOLUME                                      863.0
DOWN VOLUME                                    561.8

DOW TRANSPORTS         3257.39     +23.98       + .7
DOW UTILITIES           295.36      +1.11       + .4
CLOSING TICK                                    +481

S&P 500                1128.55      +5.05       + .5
S&P 100                 545.80      +2.45       + .5
MIDCAP 400              592.10       -.07       - .0
REUTERS/CRB             274.41      +1.78       + .7

NYSE COMPOSITE         6604.00     +29.39       + .5
VALUE LINE              361.23       +.43       + .1
RUSSELL 2000            573.17      -1.37       - .2
DJW 5000              10993.60     +37.08       + .3

U.S. TREASURIES
5-YEAR NOTE 3.375%
Sept. 15,2009        100  6/32      -7/32     + 3.33

10-YEAR NOTE 4.25%
Aug. 15,2014         101  4/32      -9/32     + 4.11

30-YEAR NOTE 5.375%
Feb. 15, 2031        106 27/32     -13/32     + 4.91

LEHMAN BROS.
LONG BOND INDEX        1761.00      -5.15


DOW CLOSE             10284.46     +39.97       + .4
ADVANCES                                        1728
DECLINES                                        1549
NEW HIGHS                                        184
NEW LOWS                                          14

                                      NET    PERCENT
NYSE MOST ACTIVES    4PM CLOSE     CHANGE     CHANGE
GE    GE                 34.22       +.69       +2.1
PFE   Pfizer             31.72       -.06        -.2
NT    Nortel Networks     3.41       -.09       -2.6
LU    Lucent Tech         3.27       -.01        -.3
C     Citigroup          46.95       -.23        -.5
TXN   Texas Instrument   22.08       +.49       +2.3
XOM   Exxon Mobil        48.37       +.82       +1.7
WMT   Wal-Mart Stores    52.48       -.29        -.6
HPQ   Hewlett-Packard    18.11       -.11        -.6
EMC   EMC Corp           10.80       +.07        +.7

NASDAQ CLOSE           1910.09     + 6.01       + .3
VOLUME                                       1,645.0
PREVIOUS                                     1,330.3
ADVANCES                                        1557
DECLINES                                        1518

NASDAQ ACTIVES
QCOM  Qualcomm           38.83      -1.57       -3.9
INTC  Intel              20.59       +.48       +2.4
MSFT  Microsoft          27.51       +.25        +.9
EBAY  eBay               93.10       +.77        +.8
CSCO  Cisco Systems      19.16       -.43       -2.2
RIMM  Rsch In Motion     73.31       +.21        +.3
ORCL  Oracle             11.51       +.28       +2.5
IACI  IAC/InterActiveCp  23.50      +1.52       +6.9
AMAT  Applied Matl       16.90       +.12        +.7
GOOG  Google            117.49      +3.52       +3.1

AMEX CLOSE             1247.78     + 1.87       + .2

INDEX SHARES
DIA   DIAMONDS TRUST    103.03       +.39        +.4
QQQ   NASDAQ 100         35.44       +.12        +.3
SPY   S&P DEP.RECEIPTS  113.15       +.48        +.4

STOCKS IN THE NEWS

BUD   Anheuser Busch     51.30       -.01        -.0
CC    Circuit City       14.72       +.61       +4.3
TEK   Tektronix          33.25      +2.44       +7.9
ALO   Alpharma           18.95      +1.78      +10.4
HB    Hillenbrand Inds   52.14      -4.30       -7.6
SEE   Sealed Air         45.49      -4.82       -9.6
FLML  Flamel Tech        14.68      -4.29      -22.6
TTEK  Tetra Tech         13.89      -3.53      -20.3
PXG   Phoenix Footwear    6.90      -2.95      -30.0



 

 

 

 

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