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10/21/04:
Google's First Ever Quarterly Report
SUSIE GHARIB: Microsoft and Google reported their much awaited
quarterly earnings after the bell tonight. While one beat estimates,
the other fell short. First, Microsoft. It reported fiscal first
quarter earnings of $0.32 a share. That's $0.02 higher than
estimates, excluding a stock-based compensation expense. Revenue
for the quarter was $9.2 billion, 12 percent over the year ago
period. The software giant reported double digit revenue growth
in its commercial server and desktop businesses last quarter
and said it expects fiscal 2005 to be quote, a very good year.
As for Google, an apparent disappointment. Its first-ever quarterly
earnings report as a newly-public company came in lower than
expected. Google earned $0.45 a share in its third quarter.
Analysts had been looking for $0.56. Revenues were up a robust
105 percent from a year ago, coming in around $806 million.
And joining us now with more analysis of those Google earnings,
Scott Kessler, Internet analyst at Standard & Poor's. Hi,
Scott.
SCOTT KESSLER, INTERNET ANALYST, STANDARD & POOR'S: Hi Susie.
Great to be with you.
GHARIB: Nice to have you. These numbers are complicated,
depending on how you interpret the earnings numbers and so
on one level superficially it looks like they disappointed,
but the stock up $12 in after hours trading. What's your analysis
of this earnings report?
KESSLER: Well, here's my analysis. Number one, there's no
question that there's a lot of confusion, because Google,
number one expensive stock options, and I think typically
most analysts will exclude that from the consideration of
earnings. And two, there were a number of one-time items that
I think were included in that number that should have than
excluded. So according to my calculations, Google actually
earned about $0.70, which is well in excess of the Street
and suggests that the stock should be trading higher.
GHARIB: All right. And the revenues, the revenues came in
higher than what you were expecting and other analysts, right?
KESSLER: Yeah, I was expecting $740 million or so. And with
over $800 million in revenues, what that really says is Google
is doing very very well and perhaps the best is yet to come.
I think that's one of the reasons why people are buying up
the shares in after hour trading.
GHARIB: So what insights did you get from listening in on
this first conference call that the company had with analysts?
KESSLER: Well Susie, I think there were two things that I
gleaned from my first quarterly conference call with Google
as a public company. Number one, the company really sees its
market opportunity as I think much more significant than most
on the Street and most investors think about at this point.
They really think that online advertising is at its infancy
and one point that I thought was very interesting made by
chairman and CEO Eric Schmitt is that companies are committing
not just their marketing budgets to online advertising, but
they're starting to use cost of revenues and committing those
in fact to online advertising. That's a much bigger market
opportunity. The second thing is, I think they did a good
job at presenting and responding to questions and I think
a lot of people were interested in how the company would fare.
GHARIB: So let's talk some more about the stock. Up $12,
as I said, that's up 8 percent in after hours trading. Since
it went public, the stock has been up more than 75 percent.
You have a hold rating on this stock. Tell us why.
KESSLER: Yeah. Currently I have a hold recommendation. Obviously
I'm going to be reevaluating in light of these Q3 numbers.
But the fact remains that while Google is a very, very good
company and put up results that were better than my estimates.
The fact is that they face significant competition that is
increasing, not only from Yahoo! which is kind of a competitor
they know, but also from Microsoft, which is pouring tens
of millions of dollars into search and I think that they have
Google in their -- in their shots. So I think that's number
one. The second thing is, the company's history, especially
as a public company is relatively young and I think that that's
something that people have to consider when thinking about
how this company is going to be able to execute on a consistent
basis.
GHARIB: All right. You've given us a lot to think about.
Thank you so much Scott. We appreciate you coming on the program.
KESSLER: My pleasure.
GHARIB: We've been speaking with Scott Kessler, Internet
analyst at Standard & Poor's.
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) 2004 Community Television Foundation of South
Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/21/04:
Jonathan Tisch, CEO of the Loews Hotel Division of the Loews
Corporation
PAUL KANGAS: With the scandals sweeping corporate America
over the last year, there is a renewed focus on corporate
governance, specifically, on better management. One CEO who
has his own unique management style, even dressing up as a
woman once to make a point, is Jonathan Tisch, CEO of the
Loews hotel division of the Loews Corporation. Tisch has a
new book out called "The Power of We, Succeeding through
Partnerships." Earlier today I talked with Tisch and
began by asking him about the advantages of "we"
leaders as opposed to "me" leaders.
JONATHAN TISCH, CHMN & CEO, LOEWS HOTELS: Paul, all
have you to do is pick up the paper on any given day and see
CEO's being hauled off in handcuffs. You read about the Adelphias,
the Tycos, the Enrons of the word. We as a business community
and as a society in general need to go from a decade of me
to a decade of we, understanding that there are others that
can benefit from our success and don't leave them behind as
you create some success for yourself.
KANGAS: You recommend partnering even with competitors. How
does that work?
TISCH: Well, that's an interesting idea and people sort of
ask the same question that you do, how do you partner with
a competitor? If you look at the basis, the genesis of an
association, if you look at community based organizations,
such as what we call in New York NYC and company, our convention
and visitors' bureau which I have the privilege to chair,
you're working with your competitor. In an association you're
picking two or three, four big issues that you think are important
to the future of your industry. Same thing here in Miami Beach
with the convention visitors bureau like we have in New York.
You're sitting at the same table with fellow hoteliers, fellow
restaurant owners. You're trying to create an environment
where business improves in general. That's how you partner
with your competitors.
KANGAS: But with a direct competitor, you have to put a lot
of trust in that person.
TISCH: Well, very much so, but you're once again taking two
or three big issues that are important to your business and
the industry in general. But it works and that's why associations
are so important in our society in America.
KANGAS: Sounds like it works. Mentioned Last Change
PH 68.19 0.39dollars or (0.57%)
TISCH: It definitely works. And if you see the companies
that are successful, they're profiled in the power of we,
companies like JetBlue, David Neilman (ph) really gets this
kind of stuff. It's all about putting aside your individual
concerns, working together toward the greater good. In today's
world, you can't be all things to all people. You have to
know what you're good at and then find those that you can
trust and partner with to create success for everybody.
KANGAS: As a highly respected leader in the nation's travel
and hotel industry, give us your assessment of how well the
business has recovered from the 9/11 disaster.
TISCH: You're starting to see levels really come back to
levels that we enjoyed prior to 9/11. And people are traveling
again. There is still a hassle factor. People have a fear
of airports, not necessarily of airplanes. But occupancies
are up in our industry. You're starting to see the average
rates get back to levels that we enjoyed --
KANGAS: I say a report today said the hotel rates are moving
higher.
TISCH: And that's because the economy is stronger, CEO's
are letting their executives travel again. The consumer demand
is still strong, although I worry about high fuel prices if
people are going to have to make a decision about putting
gas in the car and taking a trip, I worry about that a little
bit and we're starting to see the return of the international
traveler. They're important because they stay longer and they
spend more.
KANGAS: How did the very busy hurricane season impact your
Loews hotel on Miami Beach? Are people still saying away?
TISCH: No, no, no, business has returned in full force. Fortunately
there is a strong economy. Businesses are coming back, associations
are holding their meetings, companies are convening their
executives together. So we're seeing very strong occupancy
at the beach. I worry a little bit about what's going to happen
next hurricane season. Will CEO's be a little bit hesitant
about booking South Beach? I don't think so. People have short
memories. Hopefully this was a year that we'll never see again
for hopefully another 100 years. And we're starting to see
some really strong numbers here in South Beach at the Loews
Miami Beach hotel.
KANGAS: Jonathan, we just have about 30 seconds left. What
advice about traveling these days do you put at the top of
your list?
TISCH: I think you have to understand that it's going to
take a little bit longer to go through the airport. Be patient,
plan ahead. But understand that the most defiant thing you
can do to the terrorists is take a trip. Travel is the ultimate
freedom that we have in this country. Go on the road and enjoy
this wonderful country.
KANGAS: And things seem to be getting safer as we go along,
a little inconvenience, but you're positive I can see that.
TISCH: I certainly am.
KANGAS: I want to thank you very much for being with us.
My guest, Jonathan Tisch, chairman and CEO of Loews hotels.
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) 2004 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/21/04:
"The Business of Broadway"- The Actors' Other Role
SUSIE GHARIB: All this week, PBS has been airing a special
series looking at the American theatre scene. And we've been
looking at it too, from a business perspective. Tonight, we
talk with some of the key people who keep the business of
Broadway going night after night. As Scott Gurvey reports,
they are the people who play the biggest roles in more ways
than one.
SCOTT GURVEY, NIGHTLY BUSINESS REPORT CORRESPONDENT: The performers
are obviously front and center when the curtain goes up on
a Broadway show. But few in the audience probably know that
the stars are often involved long before show time, developing
their roles with the composers and helping sell the project
to producers and investors. Kristen Chenoweth created the
role of Glenda in this year's Broadway hit, "Wicked"
by Stephen Schwartz. She was involved with the project for
more than two years before opening night.
KRISTEN CHENOWETH, "WICKED": Nowadays, from the
first reading, you are meeting possible investors and producers
and the pressure is on. From the minute you get the phone
call really, about there is a part Steven Schwartz that I
am sort of thinking of you for, writing for you, so do you
want to do it? I show up for the reading and it is at Universal
studios with 50 people in suits, so the pressure is on from
the beginning and you got to -- one of our responsibilities
as the actor is in a workshop situation, to give it everything
you have so they can see what works, what doesn't, what needs
to be cut, maybe your part doesn't need to be there, who knows.
GURVEY: Mandy Patinkin created the role of the painter George
Seurat (ph) for Stephen Sondheim's "Sunday in the Park
with George." Mentioned Last Change
PH 68.26 0.46dollars or (0.67%)
MANDY PATINKIN, ACTOR: When he got to the place where the
song was sung between George and his mother, he said to me
that evening after he saw a run through that he was getting
ready to attend to that song and he wanted to pick my brain
and he thought I had some thoughts. So we had in my memory,
a very lengthy conversation about this. One of the most extraordinary
conversations I remember having with any human being about
two people, two human beings trying to connect and missing
and three days later that conversation came back in the form
of a poem set to music. It was one of the thrills of my life.
GURVEY: With this year's award winning musical "Avenue
Q," the songs came first, then the story developed as
the cast came together. "Avenue Q" was funded by
a large number of relatively small investors who fell in love
at cast readings and workshops.
STEPHANIE D'ABRUZZO, "AVENUE Q": I was never really
aware when we did readings who were the potential investors
and who were just friends of cast members and who were just
people coming in off the street. But every reading we ever
did, we would get such a response, such a positive response.
People would be laughing their heads off and having a great
time. Even though the story changed, most of the songs that
are in the show right now remain the same.
GURVEY: Of course, some of the actors make an impression
in other ways. You can call it star power. Did you ever meet
with any of the investors or any of the people you were trying
to get involved in helping you produce the play?
NATE MONSTER,"AVENUE Q": If it was, it wasn't on
her arm. I was probably sitting on a stand in Rick Lyon's
workshop.
GURVEY: But were you able to impress them?
MONSTER: Well, I mean, look at me. Who could resist these
big blue eyes? Can you? I see no ring. Can you?
GURVEY: Trust me, nothing happened. I have no idea what Kate
Monster did with potential investors, but all I got was an
autograph. You never know what you're going to get when the
action is live. That's the magic of Broadway.
CHENOWETH: Each audience is different. And that is the only
thing about live theater that makes it different is that it
is never the same. And for a performer like me, that's what
we want. We want the spontaneity and the just audience interaction.
When you are doing a film you don't have that. I mean if you
make the crew laugh you know you are doing OK. But you don't
get the applause. You don't get the journey. Many times when
you are doing a film, you film out of order. Even when you
are doing a sitcom sometimes you do things out of order. But
with theater it's a journey and the people that are buying
the ticket hopefully go on it with you every night.
GURVEY: Scott Gurvey, NIGHTLY BUSINESS REPORT, on Broadway.
To learn more about this subject, click
here.
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) 2004 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/21/04:
"Commentary" - Keeping The Economic Picture In Perspective
SUSIE GHARIB:
Tonight's commentator says it's important to keep track of what's
happening in the economy. But it's just as important to keep
it in the right perspective. Here's Todd Buchholz, author of
"Bringing the Jobs Home."
TODD BUCHHOLZ, FMR. WHITE HOUSE ECONOMIC ADVISER: The old
Vaudeville comedian Henny Youngman had a classic line. When
asked "how's your wife?" he'd reply, "compared
to what?" You could ask the same thing about the economy.
Compared to the spring of 2000, the economy doesn't feel that
great. Jobs are harder to come by, stock prices are lower.
But of course, 2000 marked the very height of the bubble economy.
Soon after, stock prices started popping like competitors
in a Bazooka bubble gum contest, erasing trillions of dollars
of wealth. Comparing economic statistics today to the insanity
of 2000 is like telling a cocaine addict he was better off
high than sober. 5.4 percent unemployment and roughly 4 percent
GDP growth used to be considered darn good, until we got spoiled
by a few bubbly, unsustainable years. Despite September 11,
our economy has outperformed Europe and Japan, which were
thousands of miles away from al Qaeda attacks. Germany still
suffers a 10 percent unemployment rate. Make no mistake, we
do have problems ahead of us, including an energy crunch and
undisciplined entitlement programs. We also have politicians
of all stripes and parties who suffer from "deficit attention
disorder." But with home ownership at record highs and
capital investment gaining momentum, let's give at least two
cheers and give credit to where it's due: the American people
who have shown courage, composure and confidence and that's
no joke. I'm Todd Buchholz.
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) 2004 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/21/04:
"Last Word"-The Great Pumpkins
SUSIE GHARIB: Finally tonight, Halloween is just 10 days
away now and the nation's pumpkin farmers are turning out
a bumper crop of jack o'lantern wannabe's. In fact, it looks
like that's all they're being grown for. Out of 495 pumpkin
farmers in Indiana, only five grow crops for pie filling and
other food use. The rest are destined for carving or seasonal
displays. Indiana is one of the nation's largest pumpkin producers
with more than 4,200 acres of the gourds planted in 2002.
And it's a big business, Paul. It's estimated consumers will
spend about $780 million on Halloween decorations this year.
I'm going to be contributing this weekend, I got to pick up
my pumpkin.
KANGAS: 780 million, that's enough to scare 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) 2004 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/21/04:
Paul Kangas' "Stocks In The News"
PAUL KANGAS: Stocks headed modestly lower early today after
investors spent the night pouring over the latest earning
outlooks from Microsoft, amazon.com and others. In lackluster
trading, the Dow drifted to a 38 point loss by late morning,
while the NASDAQ Composite slid 17 points. Rising oil prices
brought more selling this afternoon and as technical support
levels broke, the market ended at its worst level of the day.
The Dow Industrial Average lost almost 108 points, ending
at 9757.81. The Dow fell in four of this week's five seasons
for a net loss of 175.57 points. The NASDAQ Composite lost
38 1/2 points today at 1915.14. It fell twice and rose three
times this week, gaining 3.64 points overall, actually gained.
Standard & Poor's 500 was down 10 3/4 points, closing
at 1095.74 today. In the bond market, the 10-year note was
up 8/32 at 102 6/32, putting the yield all the way down to
3.98 percent.
The most active New York Exchange issue on 28.3 million shares,
Lucent Technology (NYSE:LU) showing no change.
American International Group (NYSE:AIG) was down $1.75. The
Smith Barney brokerage downgraded it from "buy"
to just a "hold."
Then Marsh & McLennan (NYSE:MMC) up $1.94. Various reports
say that Chairman Jeffrey Greenberg may step down in the interest
of spurring settlement talks with the New York attorney general.
Pfizer (NYSE:PFE) was down $0.70.
GE (NYSE:GE) a $0.42 loss, fifth in big board volume.
Motorola (NYSE:MOT) was down $0.43.
Texas Instruments (NYSE:TXN) dropped $0.74.
Citigroup (NYSE:C) a $0.39 loss.
Merck & Company (NYSE:MRK) down $.70.
And then finally a gainer, tenth in volume, Dow Chemical
(NYSE:DOW) moving up $1.03 on news that a Texas jury found
the company's Union Carbide unit committed no fraud in a $1.3
billion asbestos lawsuit.
Ingersoll Rand (NYSE:R) which is in the climate control and
security business, closed with a loss of $0.09, but it traded
as high as $67.75 early in the day. First of all, the company
yesterday reported a 54 percent jump in third quarter earnings
and today the Legg Mason brokerage upgraded the stock from
"hold" to a "buy."
Schlumberger (NYSE:SLB), the big oil company, oil driller,
down $1.90. Third quarter earnings $0.53 versus a loss of
$0.09, but the profit margin fell by 1 percent. Apparently,
that's what turned off some investors.
Crane Company (NYSE:CR) was up $1.68. Excluding one-time
charges, third quarter earnings came in at $0.56 versus $0.47
a year ago and that was $0.04 better than the Street was expecting.
Fortune Brands (NYSE:FO) gained $1.49. Third quarter earnings
excluding items came in at $1.20, $0.02 above the Street estimate
and the company sees fourth quarter earnings growing in double
digits.
Universal Health Services (NYSE:UHS) gained $1.31. Third
quarter earnings were lower, $0.62 versus $0.79 last year,
but the company says volume of unpaid bills and uninsured
patients is stabilizing. Meanwhile today, Merrill Lynch upgraded
the stock from "neutral" to a "buy."
Adesa (KAR ), this is the big car auctioneering company,
up $1.70, nice percentage gain. Third quarter earnings were
just a touch lower than last year, $0.32 versus $0.33 then,
but it sees full year revenues at $920 million. That's above
the Street estimate of $911 million. Meanwhile, Barrington
Research upgraded the stock from "market perform"
to an "out perform" rating.
McKesson Corp. (NYSE:MCK) up $2 even. Second quarter earnings
$0.29, down from $0.53 last year, but JPMorgan upgraded the
stock from "neutral" to "over weight."And
then the big loser, Visx (NYSE:EYE) down $2.62. It had sharply
higher third quarter earnings, $0.22 versus $0.10 last year,
but revenues fell short of expectations and the RBC Capital
brokerage downgraded it from "out perform" to just
a "sector perform."
Kellwood (NYSE:KWD), the apparel company, down $3.11. The
company cut its third quarter estimate from $1.15 down to
$1, cut its full year estimate from the Street estimate of
$3.19 down to $2.75.
Volume leader Google, (NASDAQ:GOOG), you've heard all about
it, new high, up $23 and a nickel.
Microsoft (NASDAQ:MSFT) down $0.82.
And then eBay (NASDAQ:EBAY) down $3.68 after a big gain yesterday.
Yahoo! (NASDAQ:YHOO) lost $0.74.
Intel (NASDAQ:INTC), $0.39 loss, that was fifth in dollar
volume.
Amazon.com (NASDAQ:AMZN) down $4.87.
$4.06 drop in Broadcom (NASDAQ:BRCM). Incidentally, Broadcom
had a disappointing outlook despite good earnings yesterday.
Cisco Systems (NASDAQ:CSCO) down $0.36.
And KLA Tencor (NASDAQ:KLAC), tenth in volume, up $0.50.
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) 2004 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/22/04:
Market Stats
NET PERCENT
CLOSE CHANGE CHANGE
DOW CLOSE 9865.76 -21.17 - .2
HIGH 9903.15
LOW 9800.87
NASDAQ COMP. 1953.62 +20.65 +1.1
HIGH 1957.48
LOW 1933.00
VOLUME 1,672.3
PREVIOUS 1,689.0
UP VOLUME 1,082.9
DOWN VOLUME 576.7
DOW TRANSPORTS 3431.69 +44.95 + 1.3
DOW UTILITIES 300.67 -.26 - .1
CLOSING TICK +344
S&P 500 1106.49 +2.83 + .3
S&P 100 531.26 +.54 + .1
MIDCAP 400 592.09 +5.66 + 1.0
REUTERS/CRB 286.74 -.88 - .3
NYSE COMPOSITE 6563.49 +24.01 + .4
VALUE LINE 359.39 +3.68 + 1.0
RUSSELL 2000 576.66 +6.53 + 1.2
DJW 5000 10851.86 +44.23 + .4
U.S. TREASURIES
5-YEAR NOTE 3.375%
Oct. 15,2009 100 13/32 -5/32 + 3.29
10-YEAR NOTE 4.25%
Aug. 15,2014 102 -5/32 + 4.00
30-YEAR NOTE 5.375%
Feb. 15, 2031 108 31/32 +2/32 + 4.77
LEHMAN BROS.
LONG BOND INDEX 1783.14 +1.26
DOW CLOSE 9865.76 -21.17 - .2
ADVANCES 2242
DECLINES 1064
NEW HIGHS 117
NEW LOWS 45
NET PERCENT
NYSE MOST ACTIVES 4PM CLOSE CHANGE CHANGE
LU Lucent Tech 3.51 +.03 +.9
MOT Motorola 16.99 -.01 -.1
AIG Amer Intl Group 56.45 -1.15 -2.0
PFE Pfizer 28.44 +.14 +.5
MXO Maxtor 3.15 -1.49 -32.1
GLW Corning 10.73 +.28 +2.7
TXN Texas Instrument 23.05 +.18 +.8
MMC Marsh & McLennan 24.85 -.07 -.3
SBC SBC Comms 25.68 -.78 -3.0
GE GE 33.37 +.15 +.5
NASDAQ CLOSE 1953.62 + 20.65 + 1.1
VOLUME 2,014.5
PREVIOUS 1,666.6
ADVANCES 1860
DECLINES 1143
NASDAQ ACTIVES
EBAY eBay 99.59 +8.23 +9.0
MSFT Microsoft 28.56 -.14 -.5
GOOG Google 149.38 +8.89 +6.3
INTC Intel 21.69 +.24 +1.1
RIMM Rsch In Motion 89.56 +2.01 +2.3
YHOO Yahoo! 35.70 +1.21 +3.5
AMGN Amgen 54.28 -2.13 -3.8
CSCO Cisco Systems 18.63 +.18 +1.0
AMZN Amazon.com 39.47 +1.12 +2.9
SYMC Symantec 60.19 +5.76 +10.6
AMEX CLOSE 1303.74 + 4.38 + .3
INDEX SHARES
DIA DIAMONDS TRUST 98.94 +.05 +.1
QQQ NASDAQ 100 36.60 +.53 +1.5
SPY S&P DEP.RECEIPTS 111.24 +.72 +.7
STOCKS IN THE NEWS
Display Name
CAT Caterpillar 77.03 -3.35 -4.2
MRK Merck & Co 31.26 -.14 -.5
KO Coca-Cola 39.48 +.03 +.1
LLY Eli Lilly 52.64 -2.46 -4.5
SGP Schering-Plough 16.98 +.26 +1.6
S Sears Roebuck 33.74 -3.18 -8.6
RST Boca Resorts 23.68 +4.53 +23.7
SY Sybase 16.10 +1.92 +13.5
XRX Xerox 14.56 +.02 +.1
DV Devry 14.60 -4.93 -25.2
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