Investor's Business Daily articles from August 2001

Investor's Business Daily archives from August 2001

Sparks Fly Over Strong-Dollar Policy: Does It Help, Hurt -- Or Even Exist?(A)
August 1, 2001... Byline: Donald H. Gold President Bush admitted a few weeks ago that the strong dollar presents a problem for U.S. exporters. Many took that to mean he wanted a weaker dollar. He quickly put down that idea. The market, Bush said, should...

Buying Right Protects You If Things Go Wrong.(A)(INVESTOR'S CORNER)
August 1, 2001... Byline: Jonah Keri Buying a stock at the right time gives you the best shot at a big gain. It also can give you peace of mind. What's the right time to buy? Wait for a stock to stage a healthy run-up, then fall into a smooth base....

AFTER THE CLOSE.(TO THE POINT)
August 1, 2001... LUCENT expects to raise $1 billion via a private offering of redeemable convertible preferred stock. Earlier on Tuesday, S&P again cut the ailing telecom gear maker's debt ratings. RENAL CARE met second-quarter views of 37 cents a share, up...

BUSINESS NEWS.(TO THE POINT)
August 1, 2001... TELECOM Verizon meets views, cuts outlook The No. 1 U.S. local phone company earned 77 cents a share, up 7% from a year ago. That excluded $3.1 billion in charges due to soured investments. Revenue rose under 1% to $16.9 billion....

BUSINESS NEWS.(TO THE POINT)
August 1, 2001... MARKETS SEC probes two-faced analysts Three analysts at undisclosed brokers made personal trades against their recommendations, acting Securities and Exchange Commission chief Laura Unger told Congress. They reaped profits of from...

BUSINESS NEWS.(TO THE POINT)
August 1, 2001... MEDICAL Biovail net rises 88%, ups views The Canadian drug maker expects to earn $1.25 to $1.33 a share in 2001 vs. the Street's forecast of $1.26. It earned 30 cents a share in the second quarter, 2 cents above estimates. Sales jumped...

THE ECONOMY.(TO THE POINT)
August 1, 2001... It's "plausible' bumpiest is over With tax cuts set to boost consumer incomes and the impact of interest rate cuts yet to be fully felt, the economy may have passed through the worst already, Treasury Department economist Karen Hendershot...

TRENDS & INNOVATIONS.(TO THE POINT)
August 1, 2001... AT&T launched a speech simulation system that re-creates the sound of human voices from text. It hopes to sell it to firms with call centers and telephone services. Ovarian cancer might cause some recognizable symptoms in its early stages,...

TRENDS & INNOVATIONS.(TO THE POINT)
August 1, 2001... Scientists claim evidence of alien life International researchers said they've found clumps of extraterrestrial bacteria in the Earth's upper atmosphere -- what could be the first proof of life beyond our planet, they told the...

WASHINGTON.(TO THE POINT)
August 1, 2001... House nixes cloning of embryos The House voted to reject the cloning of human embryos for scientific research, casting the first congressional votes on the rising ethical issue. The 249-178 vote killed an amendment to allow the limited...

THE WORLD.(TO THE POINT)
August 1, 2001... Security Council decides to keep U.N. peacekeepers in Lebanon The U.N. force was charged with verifying Israel's withdrawal from southern Lebanon over the next six months. After the May 2000 withdrawal of Israeli troops and the later...

2. Doing Away With Procrastination.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
August 1, 2001... Byline: Linda Stockman-Vines Tackle the most difficult, unpleasant task first as you journey toward your goals and you'll achieve them faster and more efficiently. Tackling the toughest task first is sort of like eating a live frog...

Coach George Haines Innovative And Caring Approach Helped Him Push Swimmers To The Top.(LEADERS & SUCCESS)
August 1, 2001... Byline: Michael Mink For George Haines, developing championship swimmers in the pool started by setting an example for them out of it. "I set my standards high for me and for the kids that swam for me. I expected a lot out of them. I...

Domino's Founder Thomas Monaghan His Hard Work Helped Build World's Biggest Pizza Delivery Company.(LEADERS & SUCCESS)
August 1, 2001... Byline: Doug Tsuruoka Don't try to get anything by Thomas Monaghan. If you tell him you're going to do something, he'll be watching closely to see if you deliver. Take his method of dealing with top managers. Before retiring from...

Wisdom To Live By . . .(LEADERS & SUCCESS)
August 1, 2001... ON PROBLEM SOLVING The world is full of thorns and thistles. It's all in how you grasp them. Arnold Glasgow, humorist ON PERSONNEL Historically, good men with poor ships have fared better than poor men with good ships....

TECHBITS.(INTERNET & TECHNOLOGY)
August 1, 2001... Byline: Brian Deagon Peregrine And IBM Make Infrastructure Pact Peregrine Systems Inc. on Wednesday will announce plans to outsource its computer infrastructure operations to IBM Corp. in what IBM called a "very sizable" multiyear...

ONLINE SHOPPING Federated Takes Another Stab At Selling Over The Net.(INTERNET & TECHNOLOGY)
August 1, 2001... Byline: Pete Barlas Federated Department Stores Inc. is making another try at selling products over the Web, but a consultant who once worked for the company says it should go back to the drawing board. Late last month, Federated,...

E-COMMERCE Yahoo Joins Sony In Marketing Pact; Deal's Size Unclear.(INTERNET & TECHNOLOGY)
August 1, 2001... Byline: Pete Barlas America Online is bulking up, thanks to its merger with Time Warner Inc. That has rival Yahoo Inc. looking for some big friends of its own. The company found one Tuesday. It announced it's entering a broad marketing...

NETWORKING GEAR Rising From Ashes Of Cabletron Enterasys, which will replace Cabletron on exchange, aims to avoid past mistakes.(INTERNET & TECHNOLOGY)
August 1, 2001... Byline: Mike Angell For Cabletron Systems Inc., breaking up isn't hard to do, it's the best thing to do. A onetime networking giant, Cabletron was a casualty of Cisco System Inc.'s decade-long rise to the top of the network gear...

CIO Turned Enterasys CEO Taps His Customer Experience.(INTERNET & TECHNOLOGY)(Q & A)
August 1, 2001... Byline: Mike Angell Henry Fiallo came to Cabletron Systems Inc. three years ago just to hook up the computers. Now he's shopping the company to investors. The former chief information officer of Cabletron is the chief executive of its...

VOICE SERVICES OVER INTERNET U.S. Service Providers Eye Asia Despite Challenges.(INTERNET & TECHNOLOGY)
August 1, 2001... Byline: Sarah Z. Sleeper Peddlers of Internet voice products see great promise in Asia. But they'll have to overcome more than just technological hurdles. Talk to Ofer Gneezy, chief executive of Internet telephony firm iBasis Inc. In...

Editing Software Lets You Retouch Digital Pictures.(INTERNET & TECHNOLOGY)(COMPUTERS MADE PLAIN)
August 1, 2001... Byline: Russell Shaw You've used your digital camera to take photos at a family outing. After transferring the photos to your computer, you see that several of your best shots were ruined by sun glare. Or maybe you shot a close-up...

IBM Honing Its Online Music System In Japan.(INTERNET & TECHNOLOGY)
August 1, 2001... Byline: Doug Tsuruoka The future of free downloadable music on the Web looks bleak, though federal courts have given song-swapper Napster Inc. a reprieve by letting it stay online. Even Napster plans to deploy a paid subscription service...

SOVEREIGN BANCORP INC./Wyomissing, Pennsylvania Bank Goes On A Limb With Huge Branch Buy.(THE NEW AMERICA)
August 1, 2001... Byline: Steve Watkins Sovereign Bancorp Inc. has pushed aside a lot of analysts' concerns now that a year has passed since it completed the biggest branch purchase in banking history. The company scooped up 280 bank branches from...

OSMONICS INC. Minnetonka, Minnesota A Real "Pure Play' In The Clean Water Business.(THE NEW AMERICA)
August 1, 2001... Byline: Kirk Shinkle The bad news? The Earth's water supply is getting more polluted. The good news? Cleaning it up is turning into big business. Osmonics Inc. has made a name for itself by helping dozens of industries purify...

APOGENT TECHNOLOGIES INC. /Portsmouth, New Hampshire OK, It Might Not Be Exciting, But It Works.(THE NEW AMERICA)
August 1, 2001... Byline: Marilyn Alva Frank Jellinek is the first to admit that beakers, vials, tube racks, covered glass and microscopic slides won't set the business world on fire. But they've done wonders for Apogent Technologies Inc.'s financial...

DEBASING DEMOCRACY?(ISSUES & INSIGHTS)(EDITORIALS)
August 1, 2001... Gerald Ford and Jimmy Carter, heading up the National Commission on Federal Election, offered a series of election reforms on Tuesday. Like their presidencies, these "reforms" are well-meaning -- and dubious. Ford and Carter suggest, for...

GUNS VS. BUTTER.(ISSUES & INSIGHTS)(EDITORIALS)
August 1, 2001... This economic choice finds another expression in today's Washington: missile defense vs. Medicare. As surplus projections shrink, budgeteers on both sides of the aisle -- and this question -- will make their case. But the choice is not...

THE TYRANNY OF THE GREENS.(ISSUES & INSIGHTS)(EDITORIALS)
August 1, 2001... Early on, President Bush suspended a stricter standard on arsenic in drinking water. The supposed defenders of the environment were enraged. Never mind there's no science that backs their fury. Behold the tyranny of the greens. These...

A Bill Of Health? In Patients' Name, Congress Could Cause Them Injury.(ISSUES & INSIGHTS)(BRAIN TRUST)
August 1, 2001... Byline: Sally C. Pipes "I hope to sign a bill that gets people help when they need it," declared President Bush in a recent radio address, "not a bill adding hundreds of dollars to the premiums they already pay." Considering the raw...

Just To Confirm Your Suspicions, The Slowdown Has Gone Global.(ISSUES & INSIGHTS)(NATIONAL ISSUE)
August 1, 2001... Byline: Charles Oliver Economists are starting to call it the American flu. And it's spreading across the globe. With the American economy cooling off, the rest of the world is also starting to fade. Global economic growth the past...

KEY FUND HOLDINGS.(MAKING MONEY IN MUTUALS)
August 1, 2001... Key Fund Holdings / Apollo Group was a top new buy of Fortis Growth Fund in its latest reporting period. The stock broke out of a 19-week base in June. It then ran up to peak at 45.75 on July 11. It's been basing since then, and sits just 4%...

Market-Makers Now Posting Execution Data Online brokers likely to show trade stats in investor-friendly formats.(MAKING MONEY IN MUTUALS)(INVESTMENT TRENDS)
August 1, 2001... Byline: Paul Katzeff Put your sunglasses on. Another shade is being raised on the shadowy world of trade execution. To give investors a clearer look at back-room trading efficiencies, so-called market centers on Tuesday began to post...

The Real Most Active - NASDAQ.(B)
August 1, 2001... Byline: Monika Tjia The Nasdaq managed to finish in positive territory Tuesday. The index rallied in the morning before losing most of its gains, closing up 0.5% on heavier volume. Performance Food Group hit a new intraday high, adding...

Where The Big Money's Flowing - NASDAQ.(B)
August 1, 2001... 8596A20.00CapCross CAPX20.07+0.60144+999 7999A16.16AmarinCp AMRN18.80+2.64477+734 7997A20.87Select Med SLMC20.09+0.871,702+497 9897A42.05NYCmtyBc oNYCB42.53+0.681,313+322 7998A17.85MicroGnrl MGEN18.23+1.39209+237 ...

NASDAQ Stocks In The News.(B)(By Christina Wise)
August 1, 2001... Cerner is making its way through a rather sloppy 39-week base. It finished Tuesday 13% short of its high. The stock's Relative Strength line is also near a new high, which is a good sign. The firm makes software and systems for hospitals...

NYSE Stocks In The News.(A)
August 1, 2001... Byline: Jonah Keri Coventry Health Care broke out of a flat base on Halloween. The stock zoomed 75% pivot to peak. It fell sharply at the start of this year before settling into a new consolidation. Volume has dried up dramatically in the...

Subadvisers Help Funds Fill The Product Pipe One of every eight funds now are run by an outside manager or team.(MAKING MONEY IN MUTUALS)
August 1, 2001... Byline: Claire Mencke Your fund is run by either an in-house manager or outside adviser. Should you care? Only if you think it's important that funds are hiring out management duties to subadvisers at a faster pace. And only if you...

Use Stock's Pivot Point To Time Your Buys.(A)(INVESTOR'S CORNER)
August 2, 2001... Byline: Monika Tjia You think you've found the perfect stock. It has strong fundamentals and is rounding out a nice base. But before you pounce, have you checked its pivot point? Buying a stock too high or too low won't cut it. The key...

No Nickel And Diming At This Bank: Washington Mutual Bites Big Apple.(A)(COMPANY IN THE NEWS)
August 2, 2001... Byline: Robin M. Grugal Washington Mutual Inc.'s pending purchase of New York's Dime Bancorp has been big news since word of the deal hit in June. But for this growth-minded Seattle thrift, acquisitions even of this size are becoming a...

IBD'S TOP 10.(A)
August 2, 2001... President, Congressman Agree On Patients' Rights 1President Bush announced agreement with a pivotal Republican lawmaker on a patients' bill of rights that the House would pass and he could sign. Rep. Charles Norwood, R-Ga., said, "It...

AFTER THE CLOSE.(TO THE POINT)
August 2, 2001... APPLEBEE'S second-quarter net rose 12% to 47 cents, hitting views. Sales grew 10% to $185.9 million. The restaurant chain sees 2001 profit of $1.83 vs. the Street's $1.84. COMCAST earned 4 cents in the second quarter, down 79%. Sales rose...

BUSINESS NEWS.(TO THE POINT)
August 2, 2001... BUILDING Danaher makes unsolicited offer up to $7 bil for Cooper Industries Tool maker Danaher offered $5.5 billion in stock and cash for Cooper Industries. Including debt, the tab is $6.5 billion to $7 billion. Danaher tried to...

BUSINESS NEWS.(TO THE POINT)
August 2, 2001... FINANCE Royal Bank of Canada to acquire brokerage Tucker Anthony Sutro Royal Bank of Canada will buy the brokerage for $625 million, giving it a foothold in the Northeastern U.S. Canada's No. 1 bank will pay $24 a share for the...

THE ECONOMY.(TO THE POINT)
August 2, 2001... No "dramatic' action pondered to cut trade deficit: gov't official Commerce Secretary Don Evans opposes "dramatic changes" in order to slash the booming U.S. trade deficit. Evans said job growth was more important than the deficit and...

TRENDS & INNOVATIONS.(TO THE POINT)
August 2, 2001... America's children are being exposed to more TV violence and swearing during the p.m. "Family Hour," the Parents Television Council found. The world's population will peak at 9 billion around around the year 2070 before trends like...

TRENDS & INNOVATIONS.(TO THE POINT)
August 2, 2001... Doctors implant chips to restore sight Illinois doctors last week implanted three more microscopic chips in the eyeballs of men suffering from retinal damage. It's the second phase of a study to determine if the chips can restore human...

WASHINGTON.(TO THE POINT)
August 2, 2001... With valued U.S. assets in space, military will have to protect them The nation's expanding commercial stake in space makes it likely the military will be called on to put both offensive and defensive weapons in orbit, the Air Force's...

THE WORLD.(TO THE POINT)
August 2, 2001... U.N. anti-racism plan stalls over inclusion of anti-Zionist phrases The U.S. and Israel strongly oppose the wording. "On certain issues very close to our heart in Israel and to the Jewish people there's been no movement at all in a...

3. Washington As General.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
August 2, 2001... Byline: Cord Cooper It was August 1781, and George Washington learned that British Gen. Charles Cornwallis had occupied Yorktown, Va., with 9,500 troops. Cornwallis' soldiers were exhausted and in a defensive stance. For more than six...

Writer Anton Chekhov His Commitment To His Art Made Him One Of Literature's Greats.(LEADERS & SUCCESS)
August 2, 2001... Byline: Christopher L. Tyner When it came to writing, Anton Chekhov was pushy. Not that he was offensive to others; his efforts focused on himself. Called the father of the modern short story, Russian dramatist and writer Chekhov...

Baseball Manager Earl Weaver His Dedication Helped Lead To Victories.(LEADERS & SUCCESS)
August 2, 2001... Byline: Michael Mink Earl Weaver was promoted from a Baltimore Orioles coach to their manager during the 1968 season. One of the first things he did was post a sign in the clubhouse. It would become his credo. "It's what you learn...

Wisdom To Live By . . .(LEADERS & SUCCESS)
August 2, 2001... ON PREPARATION Leaders who are not planners are simply caretakers and gatekeepers. Maj. Gen. Perry Smith, U.S. Air Force ON SUCCESS Try first to be a man of value; success will follow. Albert Einstein, physicist...

TECHBITS.(INTERNET & TECHNOLOGY)
August 2, 2001... Byline: Doug Tsuruoka Bluelight Taking On AOL By Cutting Price A chain store nipping at the heels of mighty America Online? That's what Bluelight.com, the electronic commerce Web site of Kmart Corp., is doing. It cut the price of...

TECH SLOWDOWN HP Tries Range Of Cost-Cutting Plans Amid Shortfall.(INTERNET & TECHNOLOGY)
August 2, 2001... Byline: Sheila Riley If it's a tech company, odds are it's trimming the fat. Or trying to. Among the companies with the most pressing need to lower costs is Hewlett-Packard Co. How is HP doing this? Its recent job cuts have...

HIGH-SPEED NETWORKS Happy To Take Its Lumps Early Broadwing ran into troubles before rivals did, but that could be blessing now.(INTERNET & TECHNOLOGY)
August 2, 2001... Byline: Reinhardt Krause Broadwing Inc. hit a rough stretch earlier than other phone companies that also are building long-distance networks to carry Internet and data services. Richard Ellenberger, Broadwing's chief executive, calls...

Need A Passport Now? Web Can Untangle That Dilemma.(INTERNET & TECHNOLOGY)(COMPUTERS MADE PLAIN)
August 2, 2001... Byline: Julie Mitchell My husband and I were planning a brief getaway -- three days in Vancouver, British Columbia -- without the kids. In making the arrangements, my husband casually mentioned that I might need to update my passport...

Software Maker Citrix Smiles About Second-Quarter Earnings.(INTERNET & TECHNOLOGY)(Q & A)
August 2, 2001... Byline: Sheila Riley Even in the economic downturn, a few tech companies are smiling -- not broadly, but still smiling. Software maker Citrix Systems is one of those happier-than-average tech companies. The reason? The Fort...

THE WORKPLACE Info Glut Creating Scarce Commodity: Attention.(INTERNET & TECHNOLOGY)
August 2, 2001... Byline: J. Bonasia When Hewlett-Packard Co. took an inventory of its resources a few years back, company officials were shocked. They found that the company had a lot of internal Web sites brimming with data about everything from sales...

CUNO INC. /Meriden, Connecticut Water Purifier Gives Relief To "Paranoid' Americans.(THE NEW AMERICA)
August 2, 2001... Byline: Adelia Cellini Linecker Americans are paranoid about their water supplies. More than half of them worry about polluted tap water, according to a recent Water Quality Association survey. Last year 41% of American homes had home...

IPC HOLDINGS LTD. /Pembroke, Bermuda After A Disastrous Run, Insurer Is Back In Black.(THE NEW AMERICA)
August 2, 2001... Byline: Steve Watkins An earthquake in Turkey, a typhoon in Japan, storms in Europe. Wherever such disasters take place, IPC Holdings Ltd. is likely to be there. The firm provides property catastrophe reinsurance, so it covers the...

TWEETER HOME ENTERTAINMENT GROUP INC. /Canton, Massachusetts Retailer Still Hitting High Notes Despite Slump.(THE NEW AMERICA)
August 2, 2001... Byline: Amy Reeves There's probably a better time to sell expensive toys than amid an economic slowdown. Then again, maybe not. The economy continues to struggle along its not-so-merry way. Yet Tweeter Home Entertainment Group Inc.,...

NYSE Stocks In The News.(A)
August 2, 2001... Byline: Jonah Keri Spinnaker Exploration rallied 220% from its September 1999 initial public offering to its peak of 48 in April of this year. The stock fell into a base as crude oil prices kept sinking. It's bounced back above its 50- and...

A VOICE FOR DEMOCRACY.(ISSUES & INSIGHTS)(EDITORIALS)
August 2, 2001... The National Press Club in Washington has invited Taiwan's President Chen Shui-bian to speak. Whether to invite the leader of a democracy usually is a simple affair. But nothing involving Beijing, Taipei and Washington ever comes easy. A...

UNNEEDED PATIENTS' RIGHTS BILL.(ISSUES & INSIGHTS)(EDITORIALS)
August 2, 2001... The beat goes on for a patients' bill of rights as the White House and Congress dicker over details. Why bother? The public's desire for it is suspect, especially since health consumers' voices have already been heard. The supporters of a...

WHEN GOV'T RULES ARE DEADLY.(ISSUES & INSIGHTS)(EDITORIALS)
August 2, 2001... Environmental rules often cost Americans their livelihoods. After four firefighters died last month in the Okanogan National Forest so that some fish could live, we learn that government rules can cost Americans their lives. Blame the...

Senatorial Sloth: Bush Could Move Nominees Forward With Recess Move.(ISSUES & INSIGHTS)(BRAIN TRUST)
August 2, 2001... Byline: Merrill Matthews Jr. It may be time for President Bush to tear out a page from the Bill Clinton playbook by turning to the constitutional provision for recess appointments. The U.S. Senate seems to be dragging its feet in...

Got Milk? Congress Ponders Plan To Cartelize Your Glass Of Moo.(ISSUES & INSIGHTS)(NATIONAL ISSUE)
August 2, 2001... Byline: Sean Higgins The word "cartel" doesn't often conjure up images of New England dairy farmers and their cows. But to a bipartisan chorus of critics in Congress, the Northeast Interstate Dairy Compact is exactly that -- a price-fixing...

KEY FUND HOLDINGS.(MAKING MONEY IN MUTUALS)
August 2, 2001... Key Fund Holdings / WellPoint Health Networks was a top new buy at Franklin Capital Growth Fund in the latest reporting period. Shares are trading in a base that began on Oct. 30, when the stock reached 121.50 in intraday trading. They're now...

The Real Most Active - NASDAQ.(B)
August 2, 2001... Byline: Monika Tjia The Nasdaq finished up Wednesday for a second straight day. The index gapped up in the morning before ending up 2% on heavier volume. Green Mountain Coffee notched a new high, adding 2.86 to 41.27 as trade doubled....

Where The Big Money's Flowing - NASDAQ.(B)
August 2, 2001... 8375B29.50IntgCirc oICST21.60+2.303,200+290 9698C41.91SRISurgEx STRC36.00+3.75212+235 8799A29.23MovieGllry MOVI31.86+3.13530+131 8098A19.00MicroGnrl MGEN18.90+0.67139+116 2589B42.38SeaChng oSEAC28.05+2.09727+108 ...

NASDAQ Stocks In The News.(B)
August 2, 2001... Byline: Christina Wise Cheesecake Factory cleared a 35-week base on July 23, notching a new high. The stock has since pulled back, forming a high handle. It's now 8% off its high. The California-based firm runs 43 restaurants that...

BUSINESS NEWS.(TO THE POINT)
August 2, 2001... RETAIL Cendant-Galileo deal in trouble The hotel, real estate and rental car giant's $2.9 billion bid for travel reservation firm Galileo International hit a snag when European regulators halted their review and requested more data. An...

COMPUTER SECURITY Companies Bracing For Code Red, But Is It Tip Of Iceberg?(INTERNET & TECHNOLOGY)
August 2, 2001... Byline: Donna Howell Did the Internet swallow the worm, or vice versa? The online world waited nervously Wednesday, wondering if it would catch a really bad bug. Meanwhile, the computer worm Code Red crawled the Internet in search of...

Top Managers Find Gems Amid The Ruins Some are looking for deep value in financials, earnings in tech.(MAKING MONEY IN MUTUALS)(INVESTMENT TRENDS)
August 2, 2001... Byline: Peter McKenna It's no secret that mutual funds are having a miserable year. But some managers are making money, while others with solid long-term track records have kept their losses below those of the S&P 500 and their peers....

FPA Capital's Laggards Come Alive In Slump Oregon Steel, Champion Enterprises propel fund, up 27% this year.(MAKING MONEY IN MUTUALS)(FUND PROFILE)
August 2, 2001... Byline: Leo Fasciocco FPA Capital Fund takes a contrarian approach to picking stocks and the past several months it's paid off handsomely. "When times are tough, that's when we find more opportunities," said Rikard Ekstrand, vice...

Don't Overlook General Market Before You Buy.(A)(INVESTOR'S CORNER)
August 3, 2001... Byline: Christina Wise In a nasty market, all the buying tips in all the Investor's Corners over the past two years won't help you. If the market and its stocks are in no mood to rally, you're fighting a losing battle. The buying...

IBD'S TOP 10.(A)
August 3, 2001... Initial Jobless Claims Fall, But May Rise Again Soon 1They sank 23,000 to 346,000 in the week ended Saturday -- the third straight drop and a big surprise to analysts who expected a rise to 385,000. These data are especially volatile...

AFTER THE CLOSE.(TO THE POINT)
August 3, 2001... WALT DISNEY earned 23 cents a share in its third quarter, up 10% and 2 cents above views. Revenue fell 1% to $5.98 billion, a little above views. Disney expects a weak ad market and soft economy to continue this quarter. CHARLES RIVER...

BUSINESS NEWS.(TO THE POINT)
August 3, 2001... TECHNOLOGY June chip sales drop from May Global chip sales eased 9% to $11.6 billion due to weak economies and an inventory glut, the Semiconductor Industry Association said. Year over year, sales plunged 30.7%. Chipmakers have...

BUSINESS NEWS.(TO THE POINT)
August 3, 2001... MEDICAL Generic Prozac set to hit shelves Barr Labs and Pharmaceutical Resources began shipping generic forms of the blockbuster anti-depressant after receiving final approval from the Food and Drug Administration. After a long patent...

THE ECONOMY.(TO THE POINT)
August 3, 2001... Thirty-year mortgage rates drop to lowest level in four months The 30-year fixed mortgage sank 3 basis points to 7.00% this week, said Freddie Mac. The 15-year fixed rate fell 4 basis points to 6.54%, while the one-year adjustable rose...

TRENDS & INNOVATIONS.(TO THE POINT)
August 3, 2001... Navy recruits ordered to wash their hands at least five times a day saw respiratory illnesses decrease 45% from the year before, the Naval Health Research Center reported. Overweight people who suffer heart attacks are roughly 3.6 years...

TRENDS & INNOVATIONS.(TO THE POINT)
August 3, 2001... Study shows marriage's longevity depends on feelings right from start A successful marriage is one that maintains a high level of affection from day one, University of Texas researchers found in a study of 168 married couples. Those...