Investor's Business Daily articles from August 2003

Investor's Business Daily archives from August 2003

GDP Rose 2.4% In Q2; Surprising Data Signal Economy Is Heating Up; Defense Outlays Up 44.1%; Add falling jobless claims, strong Midwest factories to day's upbeat reports.(A)
August 1, 2003... Byline: CHRISTINA WISE A flurry of economic data out Thursday offered more hope the recovery may be kicking into gear. The nation's gross domestic product grew at a 2.4% annual rate in the second quarter, the best gain since the third...

Falling Prices For High-Speed Internet May Help Telecoms Gain Share Vs. Cable; Cable companies have twice as many customers, but telecoms fighting back.(A)
August 1, 2003... Byline: BRIAN DEAGON Price cuts on high-speed Internet services may have helped telephone companies gain market share in their rivalry with cable companies in the second quarter. But there's no clear-cut trend yet. Earnings reports...

IBD'S TOP 10.(A)
August 1, 2003... Q2 GDP Rose A Surprising 2.4% 1That was much better than the 1.5% annual rate economists expected. Consumer spending was strong. Capital spending rose at its fastest pace in three years. Defense spending surged 44.1%, its biggest gain...

AFTER THE CLOSE.(TO THE POINT)
August 1, 2003... AN L.A. JURY found an ex-smoker's cancer was caused by smoking, but didn't award damages against Philip Morris in a closely watched suit. DISNEY earned 19 cents, 19% over Q2 views and a penny over last year. Revenue for the entertainment...

BUSINESS BRIEFS.(TO THE POINT)
August 1, 2003... MEDIA Vivendi's Q2 sales missed views The French media giant's sales fell 60% to $7 bil and were short of forecasts for $6.4 bil. Vivendi Universal blamed asset sales, a weak dollar and strong year-ago sales for the drop. Only Canal...

BUSINESS BRIEFS.(TO THE POINT)
August 1, 2003... TECHNOLOGY Netgear rises 26% in $98 mil IPO The network gear maker, spun off from Nortel in '00, closed at 17.69 after rising to $19.25 at one point. It sold 7 mil Nasdaq shares at $14 each in its IPO, at the high end of raised price...

BUSINESS BRIEFS.(TO THE POINT)
August 1, 2003... MEDICAL Kos Pharma up to 18-month high The drug maker earned 31 cents a share in Q2, reversing last year's 50-cent loss and topping views by 24 cents. Revenue jumped 69% to $64.9 mil, boosted by strong sales of its Niaspan and Advicor...

BUSINESS BRIEFS.(TO THE POINT)
August 1, 2003... CONSUMER P&G profit increased 13% in Q4 The consumer products giant beat views by a penny with 87 cents a share. Sales rose 7% to $10.92 bil, helped a lot by the weaker dollar. Procter & Gamble expects double-digit profit growth in...

Barton At A Glance.(LEADERS & SUCCESS)
August 1, 2003... Barton At A Glance Born: 1821 in Oxford, Mass. Died: 1912 in Glen Echo, Md. Education: Educated by tutors and at home. Achievements: ** Set up field aid centers for soldiers during the Civil War. ** Established the...

THE ECONOMY.(TO THE POINT)
August 1, 2003... 30-yr mortgage rates above 6% The average 30-year fixed-rate mortgage this week jumped 20 basis points to 6.14%, its highest level since early Dec, Freddie Mac said. The 15-year fixed-rate rose 17 points to 5.44%, also close to an...

IN BRIEF.(TO THE POINT)
August 1, 2003... The New York Times named Jill Abramson and John Geddes managing editors, days after picking Bill Keller to be executive editor. It's part of an effort to rebound from a bruising plagiarism scandal. Pep Boys will close 33 stores and lay off...

NATION.(TO THE POINT)
August 1, 2003... Poindexter's Pentagon days over The ex-Navy admiral who spearheaded two sharply criticized projects will resign soon, a defense official said. John Poindexter was involved with an abandoned futures-trading market for predicting...

WORLD.(TO THE POINT)
August 1, 2003... Russia seals off Red Square Officials shuttered the country's most famous landmark. No official reason was given, but it was suspected that police feared possible bomb attacks by Chechen rebels. The same day, Russia launched several...

TRENDS & INNOVATIONS.(TO THE POINT)
August 1, 2003... IBM targeting animation, effects Big Blue is teaming with Threshold Digital Research Labs to push its "computing on demand" technology to computer animation studios, which often buy big, expensive systems that sit unused between films....

TRENDS & INNOVATIONS.(TO THE POINT)
August 1, 2003... ** A high-yielding wheat created via traditional breeding methods could raise output, say its creators at Kansas State University. Overley yields 20% more than other hard red winter wheat varieties and is ideal for the state's central region....

TAKE RESPONSIBILITY Follow Spirit Of The Law.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
August 1, 2003... Byline: Morey Stettner 10 For Terry Pearce, ethical leaders must decide which question to answer: "Can I defend myself by doing this?" or "Is this the right thing to do?" "Those who focus on the first question comply with the letter...

Helping Others Was Her Goal; Be Determined: Barton's can-do mind-set put American Red Cross on the map.(LEADERS & SUCCESS)
August 1, 2003... Byline: GLORIA LAU Working women were unusual in Clara Barton's world. But to Barton, unusual was just fine. Barton (1821-1912) wanted to make a difference in her world: to help those in need. But she wasn't married, so she had to...

Food Spam Maker Hormel Has A Beef.(INTERNET & TECHNOLOGY)
August 1, 2003... Byline: J. BONASIA "Spam, Spam, Spam, Spam. Lovely Spam! Wonderful Spam!" So sang a chorus of Vikings in a famously absurd skit from the British TV show "Monty Python's Flying Circus." But these days, the good folks at Hormel Foods Co....

Successful Netgear IPO Shows No Place Like Home (Networks); Company's Shares Rise 26%.(INTERNET & TECHNOLOGY)
August 1, 2003... Byline: MIKE ANGELL Investors on Thursday aimed to cash in on the home and small-office networking trend by snapping up shares in gear maker Netgear Inc. The Santa Clara, Calif.-based company raised $98 million in its initial public...

Chip Equipment Industry Told To Adapt To Smaller Sales Gains In Maturing Field.(INTERNET & TECHNOLOGY)
August 1, 2003... Byline: JAMES DETAR The semiconductor industry is no longer a kid. As it matures, its sales pace is slowing, a fact of life that chipmakers and chip equipment firms must face. The number of chips sold could reach a record high this...

DIGITAL INSIGHT CORP. Calabasas, California; Bank Shot Scores Big For Outsourcing Firm.(THE NEW AMERICA)
August 1, 2003... Byline: J. BONASIA In 10 years, online banking might be as much a part of everyday life as ATMs are today. That's not the case now. Only around 32% of U.S. households bank online, according to industry tracker Jupiter Research. ...

KOS PHARMACEUTICALS INC. Miami, Florida; Focus On Cholesterol Pays Off For Drug Maker.(THE NEW AMERICA)
August 1, 2003... Byline: GLORIA LAU Some drug makers rely on a host of medicines to drive growth. Not so with specialty drug maker Kos Pharmaceuticals Inc. Its lead drug is Niaspan, for abnormally high cholesterol levels. The drug is a once-daily...

Small-Cap Growth Led The Pack In July; Up 5.72% In The Month; Some fund managers see more to come; others fret economy may slow.(MUTUAL FUNDS)(INVESTMENT TRENDS)
August 1, 2003... Byline: PAUL KATZEFF Small-cap growth funds led U.S. diversified fund categories in July, climbing 5.72% in the month. They paced U.S. diversified funds' 2.52% gain, according to Lipper Inc. The performance reflected a solid month for...

Econ For Dummies.(ISSUES & INSIGHTS)(EDITORIALS)
August 1, 2003... Media: The president's news conference this week was marred by journalists' stale questions about the economy and tax cuts. It's clear that the press will never learn. What much of America knows about economics is what it learns from the...

Live And Let Die.(ISSUES & INSIGHTS)(EDITORIALS)
August 1, 2003... Energy: Don't mourn the massive energy bill that hovers near death in Congress. It does too much in some areas and not enough in others. Better luck next year. The Senate seems to see its main job as passing legislation -- even bad...

LETTERS.(ISSUES & INSIGHTS)
August 1, 2003... Prison The Only Answer As a 25-year federal prosecutor, I shared your reaction to the response of the "professional worriers" reflected in "Take No Prisoners" (Editorial, Tuesday). Crime is down because of aggressive prosecution and...

Rather Than Crediting Bush, Media Will Sit Out Recovery.(ISSUES & INSIGHTS)(VIEWPOINT)
August 1, 2003... Byline: LAWRENCE KUDLOW Monday's Wall Street Journal tried to argue that the headline-making Treasury bond sell-off is "technical" and does not imply stronger economic growth. Consider this analysis par for the course. These days, it...

THE REAL MOST ACTIVE Dow, S&P 500 Give Up Gains, But End Higher.(MAKING MONEY)
August 1, 2003... Byline: CRAIG SHAW A surprise jump in GDP helped propel NYSE stocks Thursday, although the market gave up the bulk of its gains by the closing bell. The Dow industrials rose 0.4% on heavier trade, the benchmark S&P 500 0.3%. For July, the...

Analyze, Profit From IBD's Market Charts.(GENERAL MARKET & SECTORS)
August 1, 2003... Analyzing the price and volume changes in the major market averages each day is essential to successful investing. They reveal major tops and bottoms in the stock market. Most stocks follow the general market's trend. They tend to rise...

Engineering Firm Hits 52-Week Closing High.(B)(NYSE STOCKS IN THE NEWS)
August 1, 2003... Byline: Craig Shaw Chicago Bridge & Iron marked a 52-week closing high Thursday after consolidating for seven weeks. The construction and engineering firm has traded above its 50-day moving average the past five months. Profit has grown...

THE REAL MOST ACTIVE Nasdaq Pares Early Gains To Close Ahead 0.8%.(B)
August 1, 2003... Byline: NANCY GONDO Nasdaq stocks snapped a two-day downtrend Thursday, but rallied more than 2.1% before giving up much of their earlier gains on higher volume. The composite ended up 0.8%, the Nasdaq 100 0.1%. Kos Pharmaceuticals...

Endo Pharma Corrects After Its June 17 Peak.(B)(NASDAQ STOCKS IN THE NEWS)
August 1, 2003... Byline: Jonah Keri After hitting a high of 19.45 on June 17, Endo Pharmaceuticals has corrected for six weeks. The stock may be forming the early stages of a base. As discussed in IBD WebLink on Thursday, don't cheat on a stock by buying...

Firms Cut 44,000 Jobs, Sixth Straight Decline; Factories Led July Fall; Jobless Rate Slid To 6.2%; Recovery's missing piece still AWOL as payrolls off 486,000 so far this year.(A)
August 4, 2003... Byline: CHRISTINA WISE Despite signs the economy has perked up in recent weeks, it still isn't creating jobs. Nonfarm payrolls shrank by 44,000 in July, the sixth straight month of job losses, the Labor Department said Friday. That was...

Money Markets' Assets Bursting; Will Cash Pile Shift Into Stocks?; $2.2 Tril Money Wall.(A)
August 4, 2003... Byline: JONAH KERI A massive storehouse of $2.2 trillion in money market fund assets has triggered speculation of a wall of cash waiting to be funneled into the stock market. When stocks topped in 2000 and started one of the nastiest...

IBD'S TOP 10.(A)
August 4, 2003... Nonfarm Jobs Fell 44,000 In July 1Economists expected payrolls to climb 10,000, and May and June data were revised to show steeper declines. The unemployment rate fell to 6.2% from June's nine-year high of 6.4%. But that was due to people...

AFTER THE CLOSE.(TO THE POINT)
August 4, 2003... PROCTER & GAMBLE can drop warnings about digestive problems from food with fat substitute Olestra, the FDA ruled. The problems, if detectable, were too mild to warrant the label. MOODY'S Chairman Clifford Alexander will retire Oct. 1, near...

BUSINESS BRIEFS.(TO THE POINT)
August 4, 2003... MEDICAL Cigna earnings down 42% in Q2 The U.S. HMO earned $1.13 a share, a nickel above views. Revenue slid 2% to $4.6 bil. Total medical membership fell 8% to about 12 mil. Cigna expects to earn $1.15-$1.35 in Q3 and $5-$5.25 for the...

BUSINESS BRIEFS.(TO THE POINT)
August 4, 2003... TELECOM Verizon strike a chance for rivals A lengthy walkout could give AT&T and WorldCom a shot at poaching local phone customers in the coveted Northeast. And cable firms such as Cablevision, AOL's Time Warner Cable and Comcast might...

BUSINESS BRIEFS.(TO THE POINT)
August 4, 2003... MARKETS U.S. stock funds see withdrawals Investors pulled $414 mil from U.S. stock mutual funds in the week ended July 30, AMG Data Services said, ending four weeks of inflow. But small-cap growth took in $507 mil. Investors also...

BUSINESS BRIEFS.(TO THE POINT)
August 4, 2003... FINANCE Bond worries hitting brokerages J.P Morgan fell 5%, Lehman fell 3% and Bear Stearns also fell 3% after analysts questioned whether this year's good times can go on much longer. The banks have ridden high on rising bond rates...

THE ECONOMY.(TO THE POINT)
August 4, 2003... Income and spending rise 0.3% Personal income and disposable income both rose 0.3% in June, the Commerce Dept. said. Personal spending rose 0.3%, as services outlays rose 0.2% and durable and nondurable goods spending rose 0.4%. Adjusted...

IN BRIEF.(TO THE POINT)
August 4, 2003... Citadel Broadcasting rose 9% to 20.65 in its first day of trading. The No. 6 U.S. radio station owner sold 22 mil shares at $19 each in Thursday's IPO. Deutsche Bank confirmed it'll sell $400 mil in private equity assets to Credit Suisse...

NATION.(TO THE POINT)
August 4, 2003... Congress challenged on energy President Bush urged Senate and House lawmakers to quickly resolve differences in separate bills when they return from their summer recess. Just before leaving Washington, the Senate on Thursday passed a...

WORLD.(TO THE POINT)
August 4, 2003... Liberian president leaves capital Embattled leader Charles Taylor unexpectedly vacated his mansion in Monrovia ahead of a planned meeting with other West African leaders. He was thought to have gone to a southeastern port town where his...

TRENDS & INNOVATIONS.(TO THE POINT)
August 4, 2003... Shopping malls lose market share Mall-based stores' share of retail sales has halved since '95, accounting for 19% of the total last year, says Customer Growth Partners. That's also down 3 points from '01. Taking their place were...

TRENDS & INNOVATIONS.(TO THE POINT)
August 4, 2003... ** Jolting tumors with low doses of electricity can make chemotherapy more effective on mice, say Tel Aviv University researchers. They hope to start human trials by Nov. ** The standard anthrax treatment, a 60-day regime of antibiotic...

HOW YOU THINK IS EVERYTHING Seeing The Big Picture.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
August 4, 2003... Byline: Cord Cooper 1 Thomas Edison was more than an inventor. He was a gifted marketer who sold his products as skillfully as he created them. Before laboring on an invention, he visualized its aftermarket. When a product was...

Batten's Attitude Had Altitude Follow Your Dream: Aviatrix's determination to ascend shattered flying records.(LEADERS & SUCCESS)
August 4, 2003... Byline: MICHAEL MINK Jean Batten lived her life by flying right past the word "no." Batten's father, worried about her safety, didn't want her to become an aviator. And when she announced, after only a few hours of solo flying, that...

Harvard Will Post Nuremberg Papers Onto The Internet.(INTERNET & TECHNOLOGY)
August 4, 2003... Byline: AP Harvard Law School is planning to put more than a million documents from the Nuremberg trials on the Internet, allowing ready access to records of hearings into the war crimes of Adolf Hitler's Third Reich. The...

Box Makers Putting Their Stamp On Looks; Seek To Stand Out In Crowd; A bank vaultlike server; a space creature-ish PC; and Disney meets Frog.(INTERNET & TECHNOLOGY)
August 4, 2003... Byline: KEN SPENCER BROWN Adam McGinty, director of hardware at IronPort Systems Inc., practically coos when detailing his firm's newest line of corporate servers. Housed in a minimalist aluminum casing, the server's front shows only...

Chip Component Firm Up During Downturn; Artisan's Crafted Gains; Sales, profit have risen at technology designer, but issues have surfaced.(INTERNET & TECHNOLOGY)
August 4, 2003... Byline: MARILYN ALVA What semiconductor slump? Artisan Components Inc. hasn't noticed. The designer of chip components has posted double- and triple-digit sales and profit growth the last six quarters. With revenue last year of $37...

E-Business Plan Lifts HP's Sales, Trims Costs; Linking Up Its Partners; Electronic procurement helped save $1.5 billion since Compaq merger.(INTERNET & TECHNOLOGY)(Q & A)
August 4, 2003... Byline: MURRAY COLEMAN Hewlett-Packard Co.'s $19 billion purchase of Compaq Computer is barely a year old. Already, though, HP has finished most of the heavy lifting involved in combining the two companies. So says Marius Haas, an HP...

DOLLAR TREE STORES INC. Chesapeake, Virginia; Retail Chain Grows The Rocky Mountain Way.(THE NEW AMERICA)
August 4, 2003... Byline: MARILYN MUCH Dollar Tree Stores Inc. is no stranger to acquisitions, having made a handful the past several years to put it on both U.S. coasts. But the single-price retailer didn't achieve true national status until June, when...

Small-Cap Value Paced Pack In Week; Growth, Tech Also Rise; Real estate funds jumped on hopes higher interest rates will boost renting.(MUTUAL FUNDS)(INVESTMENT TRENDS)
August 4, 2003... Byline: DAN MOREAU Small-cap funds -- value, core and growth -- trumped their diversified stock mutual fund rivals in the week of July 25-31, Lipper Inc. reported. The gains ranged from 1.68% for growth funds to 1.86% for value funds....

Not A Bad Week.(ISSUES & INSIGHTS)(EDITORIALS)
August 4, 2003... Foreign Affairs: It's easy to be downcast about the state of the world. But where the U.S. has extended its influence, there is reason to be optimistic. Last week ended with the news that North Korea had agreed to sit down with five other...

Senate Strip-Search.(ISSUES & INSIGHTS)(EDITORIALS)
August 4, 2003... Law: President Bush will be lucky to get any of his appointees onto the federal bench by the end of his first term. Too bad for him? No, too bad for you. When it comes to federal judgeships, Senate Democrats have a long list of people they...

State Tax Hikes Aided By Deductibility Rules.(ISSUES & INSIGHTS)(VIEWPOINT)
August 4, 2003... Byline: Chris Edwards and Jason Clemens Across the country, state officials are saying they need to raise taxes to close budget gaps. States have proposed tax increases for fiscal 2004 of $17.5 billion, which exceeds the previous...

INVESTOR'S BUSINESS DAILY 100.(IBD WEEKLY SPECIAL)
August 4, 2003... 1Stratasys IncSSYS32.74-409898+76+178-19+191010192 Net for maker of 3-D prototyping machines tops views by 19%, but stock falls 18%, below 50-day. 2American PharmaAPPX42.77- 79994+37+95+38+312928734 Maker of injectable generics...

Doldrums Let Leaders Test Support Lines.(IBD WEEKLY SPECIAL)(INSIDE THE 100)
August 4, 2003... Byline: CRAIG SHAW Owners of leading stocks didn't have to worry about support lines for a while. Most leaders that broke out early in the current rally didn't touch their 50-day moving averages in months, let alone their 200-day lines....

Analyze, Profit From IBD's Market Charts.(GENERAL MARKET & SECTORS)
August 4, 2003... Analyzing the price and volume changes in the major market averages each day is essential to successful investing. They reveal major tops and bottoms in the stock market. Most stocks follow the general market's trend. They tend to rise...

Searching For Industry Leaders? Don't Overlook Solo Market Stars.(MAKING MONEY)(INVESTOR'S CORNER)
August 4, 2003... Byline: KEN HOOVER Many mutual fund managers like to boast they're bottoms-up investors. That means they search for companies with great prospects regardless of the industry group or sector they're part of. You can learn a lot...

THE REAL MOST ACTIVE Stocks Dip On Dour Data To Close Week Down.(MAKING MONEY)
August 4, 2003... Byline: CRAIG SHAW Disappointing jobs and factory data left NYSE stocks with losses on lighter trade Friday. The Dow industrials dipped 0.9%, the S&P 500 1%. For the week, the benchmark index declined 1.9%. Doral Financial lost another...

Casual Apparel Chain Rounding Out Pattern.(B)(NYSE STOCKS IN THE NEWS)
August 4, 2003... Byline: Craig Shaw Abercrombie & Fitch is adding a handle to its 14-week base. The stock declined 23% while shaping its pattern and found support at its 200-day moving average. The apparel retailer's Relative Price Strength Rating of...

THE REAL MOST ACTIVE Nasdaq Gives Up 1.1%; Medicals Lose Ground.(B)
August 4, 2003... Byline: NANCY GONDO Nasdaq stocks opened higher Friday, but pulled back later in the session to close near their intraday low on much lower volume. Most medical groups had a particularly bad day. The composite slid 1.1% and the Nasdaq 100...

Generic Drug Maker Tests 50-Day Average.(B)(NASDAQ STOCKS IN THE NEWS)
August 4, 2003... Byline: Nancy Gondo Though Teva Pharmaceutical Industries has pulled back from its July 2 high, it's bounced off its 50-day moving average twice and looks to be in the early basing stages. It's trading just 7% off its high. The Israeli...

Ascend Was Early Bird On Bandwidth.(THE SMART INVESTOR)(WINNING WAYS)
August 4, 2003... Byline: KEN HOOVER Before the Internet caught on, Ascend Communications was making bandwidth products. Its products were widely used in the growing field of videoconferencing. It came public May 16, 1994 (1), right in the middle of an...

Workers' Comp Costs Are Forcing Businesses To Abandon California; Originally "No-Fault' System; Fraud, high medical costs and lawyers' fees among items weighing heavily.(A)
August 5, 2003... Byline: GLORIA LAU Mitchell Greif, 44, is a Southern California native who loves the Los Angeles beaches and the lifestyle the city has to offer. But fed up with skyrocketing costs at his plastic-bag making company, Coast Converters,...

Firms May Cut Retiree Coverage If A Medicare Drug Benefit OK'd; Seniors' Anger Feared.(A)
August 5, 2003... Byline: SEAN HIGGINS Congress is hammering out a final prescription drug benefit program for seniors. But that may spur employers to drop their own coverage to current and future retirees, possibly boosting their drug costs. Many...

IBD'S TOP 10.(A)
August 5, 2003... U.S. May Seek U.N. Help In Iraq 1The U.S. and the U.K. are discussing a new resolution that would give the U.N. more authority in Iraq, White House spokesman Scott McClellan said. India, Pakistan and other nations have said they won't send...

AFTER THE CLOSE.(TO THE POINT)
August 5, 2003... ANGLOGOLD will buy Ashanti Goldfields for $1.1 bil. CLOROX named Daniel Heinrich CFO, effective Oct. 1. Karen Rose is retiring. STARCRAFT'S Q3 net soared 114% to 77 cents. Sales rose 111% to $62.2 mil. The maker of SUV extras gained 9%...

BUSINESS BRIEFS.(TO THE POINT)
August 5, 2003... BUSINESS PRACTICES Corporate lawyers fear new rules 90% of U.S. corporate lawyers fear their clients might not talk if the SEC expands a new code of conduct they must follow starting today, an Int'l Bar Association survey found. The...

BUSINESS BRIEFS.(TO THE POINT)
August 5, 2003... TELECOM Verizon, unions in contract talks The local phone giant's workers did not strike Monday as unions agreed to negotiate with Verizon Communications past a weekend deadline, citing "significant progress." The two sides met Sunday...

BUSINESS BRIEFS.(TO THE POINT)
August 5, 2003... DIVERSIFIED PMI buys GE bond insurance unit A consortium led by PMI Group will buy all but 5% of GE's Federal Guaranty Insurance for $1.88 bil. GE also keeps $235 mil in preferred stock. The long-awaited deal will make the firm a...

BUSINESS BRIEFS.(TO THE POINT)
August 5, 2003... TECHNOLOGY Novell buys Linux software maker The enterprise software firm bought Ximian, a private developer of Linux software, which is one of the main alternatives to Microsoft. Novell said the buy will help it give customers a more...

THE ECONOMY.(TO THE POINT)
August 5, 2003... Construction data corrected The Commerce Dept. reissued its latest construction spending report due to a processing error that affected data for June, May and April. Construction spending for June grew 0.3% to an annualized rate of $872.5...

IN BRIEF.(TO THE POINT)
August 5, 2003... ADC Telecom says it may have broken even in its July Q3, instead of Q4 as the telecom gear maker had forecast. ADC rose 7% to 2.34. Lincoln National will ax up to 1,000 jobs, or about one-sixth of its staff, after saying in June it would...

NATION.(TO THE POINT)
August 5, 2003... State denies Powell will quit The State Dept. denied a report that Secretary of State Colin Powell will leave his post after President Bush's current term. The Washington Post reported Monday that Powell's deputy, Richard Armitage, told...

WORLD.(TO THE POINT)
August 5, 2003... Top Hyundai exec kills self Chun Mong-hun, 54, jumped from the 12th story of the company's Seoul headquarters. He was on trial facing charges his company helped secretly pay North Korea $100 million to agree to the 2000 summit of the...

TRENDS & INNOVATIONS.(TO THE POINT)
August 5, 2003... Glove gives sign language a voice The "AcceleGlove," created by a George Washington University graduate student, translates the quick, complex motions of American sign language into spoken English. It uses a wearable computer to sense hand...

TRENDS & INNOVATIONS.(TO THE POINT)
August 5, 2003... ** Kids need body-mass index checks to help find and prevent obesity, the American Academy of Pediatrics says. It also advises tracking patients at risk due to ethnic or cultural issues and encouraging better eating and more exercise. **...

DECIDE UPON YOUR TRUE DREAMS; Commit Goals To Paper.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
August 5, 2003... Byline: Morey Stettner 2 Gary Erickson likes to set goals during long bike rides. After an hour or two of pedaling, he'll pull over and write a goal on a small notepad. "It's during those rides that I can think about my goals and...

Booth's Army Fought Poverty; Focus On Goals: Preacher's drive to alleviate suffering brought salvation to many.(LEADERS & SUCCESS)
August 5, 2003... Byline: NANCY GONDO One day in 1865, William Booth stopped in front of The Blind Beggar, a tavern in East London, and read aloud a passage from a hymn. The customers began jeering, then someone threw a rotten egg at the preacher. With...

Novell To Buy Ximian In Move To Embrace Open Source Persona.(INTERNET & TECHNOLOGY)
August 5, 2003... Byline: MURRAY COLEMAN Struggling Novell Inc. is on to something new. Once a kingpin in network management software, it's taken a back seat in recent years to rivals like Microsoft Corp. But in April, Novell embarked on a company...

Research In Motion Making Headway, But Questions Linger; Is There Still Room To Grow?; It's hard to gauge potential of Blackberry technology; rumors of HP merger talks.(INTERNET & TECHNOLOGY)
August 5, 2003... Byline: Mike Angell and Patrick Seitz Darren Brandt, a New York public relations executive, got a BlackBerry device two years ago so he could read e-mail while on the train from New Jersey. Back then, everybody wondered at the small,...