Investor's Business Daily articles from June 2003

Investor's Business Daily archives from June 2003

Chicago Factory Data, Improving Confidence Boost Recovery Hopes; Downside: Weak Spending; Falling personal outlays for April follow revisions showing March stronger.(A)
June 2, 2003... Byline: CHRISTINA WISE Upbeat reports on manufacturing and consumer sentiment in May raised hopes Friday that the recovery could be picking up steam. Investors zeroed in on Chicago factory data and confidence for May, looking past weak...

The Nation's Next Energy Crisis Won't Be At Corner Gas Station; Natural Gas Shortage?(A)
June 2, 2003... Byline: DAVID ISAAC In the 1990s, natural gas was hailed as the growth fuel of the future. It was relatively cheap, burned cleanly and polluted less. Power plants that used the fuel were easy to build with reliable construction schedules....

IBD'S TOP 10.(A)
June 2, 2003... Midwest Manufacturing Growing 1And that's a surprise. The Chicago purchasers' index rose 4.6 points to 52.2 in May, above the boom-bust mark after two months below 50. Economists expected a reading of 49. The production index shot up 9.5...

AFTER THE CLOSE.(TO THE POINT)
June 2, 2003... STATE STREET CEO David Spina had successful bypass surgery, the asset custodian said. PREMCOR expects to earn 50-75 cents in Q2, well below views of a $1.01 profit for the oil refiner. XO COMMUNICATIONS bid $700 mil for Global...

BUSINESS BRIEFS.(TO THE POINT)
June 2, 2003... INTERNET Microsoft-AOL pact shifts rivalries As part of the Net giants' $750 mil settlement, AOL will use Microsoft technologies such as its media player and Web browser. That could lead to trouble for rivals such as Apple....

BUSINESS BRIEFS.(TO THE POINT)
June 2, 2003... MEDICAL Schering-Plough in criminal probe The maker of allergy-fighter Claritin and other drugs signaled it may soon face federal indictments. The U.S. Attorney's Mass. office is probing Schering-Plough for allegedly selling unapproved...

BUSINESS BRIEFS.(TO THE POINT)
June 2, 2003... TECHNOLOGY Global chip sales slowed in April Sales rose 9.7% to $12.14 bil from last year and were flat vs. March, but fell from growth rates of more than 20% earlier this year, World Semiconductor Trade Statistics said. April sales...

BUSINESS BRIEFS.(TO THE POINT)
June 2, 2003... TRANSPORTATION Air Canada, pilots face deadline An Ontario judge, citing a "perilous and ultraprecarious" situation, gave the airline and its 3,400 pilots until midnight Saturday to reach a wage-cut deal that's key to Air Canada's...

THE ECONOMY.(TO THE POINT)
June 2, 2003... ECRI gauge flat in May 23 week The Economic Cycle Research Institute's leading U.S. index held at 121.5. Rising producer prices, falling new jobless claims and declining Treasury yields offset a dip in stock prices and a wider spread...

IN BRIEF.(TO THE POINT)
June 2, 2003... DaimlerChrysler's Chrysler said Jim Schroer, its top marketing and sales exec, quit. Joe Eberhardt, head of the carmaker's U.K. ops, will take over Biomet and Medtronic denied a Financial Times report that they may bid for Swiss orthopedic...

NATION.(TO THE POINT)
June 2, 2003... Iran bombing culprit, judge rules A federal judge blamed Iran for the 1983 terrorist bombing that killed 241 U.S. Marines in Beirut, ordering Tehran to pay damages to survivors and relatives. U.S. District Judge Royce Lamberth said the...

WORLD.(TO THE POINT)
June 2, 2003... Wolfowitz lowers WMD emphasis Deputy Defense Secretary Paul Wolfowitz downplayed Iraqi weapons of mass destruction as the reason for the war. He cited "bureaucratic reasons" for focusing on Saddam Hussein's alleged arsenal and said a...

LEARN TO ANALYZE DETAILS A Swordsman's Wisdom.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
June 2, 2003... Byline: Doug Tsuruoka 6 Attention to detail can mean the difference between life and death. Legendary Japanese swordsman Miyamoto Musashi fought over 60 duels in his lifetime and never lost. Musashi's secret was that he constantly...

A Smooth Delivery Saved Lives; Stay Committed: Oliver Wendell Holmes spoke out to prevent childbirth deaths.(LEADERS & SUCCESS)
June 2, 2003... Byline: GLORIA LAU Oliver Wendell Holmes wasn't well known for his original ideas. But he knew when an idea was worth fighting for. Throughout the mid-1800s, hundreds of thousands of women died from common blood poisoning during or...

With New Festino Chips, Agere Looking To Jolt Industry.(INTERNET & TECHNOLOGY)
June 2, 2003... Byline: JAMES DETAR Some say it will be years before the network equipment market recovers. But Agere Systems Inc. isn't waiting around. Agere in the last two weeks rolled out nine network chips that could go a long way toward a...

Siebel Shareholders Get Ready To Spar Over Stock Options; Fiery June Meeting Expected; Firm also faces SEC probe into its Reg FD compliance after private analyst dinner.(INTERNET & TECHNOLOGY)
June 2, 2003... Byline: J. BONASIA If recent events are any sign, the June 11 shareholder meeting for Siebel Systems Inc. could be quite a fireworks show. Siebel is the leading maker of software to manage sales and customers. But the firm has stumbled...

Telecom And Networking Firms Begin Long Crawl Back; Analysts See Recovery Coming; Still, they remain cautious; spending on telecom gear won't return to '90s levels.(INTERNET & TECHNOLOGY)
June 2, 2003... Byline: MIKE ANGELL Two stock research firms say the time's ripe for telecom gear and data networking vendors. While investors shouldn't break out the champagne, companies in the very battered telecom gear sector may be worth another look....

KROLL INC. New York, New York; Security Firm Cycles Around The Bad Times.(THE NEW AMERICA)
June 2, 2003... Byline: MARILYN MUCH If you're in a cyclical business, you have a couple of choices: learn to live with it or diversify your way out of it. Michael Cherkasky wants to take the latter course. He's chief executive of Kroll Inc., a risk...

Small-Cap Growth Leapt 3.9% In Week; Chip Sector Fuels Rise; Diversified stock funds rallied 2.4% from prior period, up 9.5% for year.(MUTUAL FUNDS)(INVESTMENT TRENDS)
June 2, 2003... Byline: DAN MOREAU Growth mutual funds trumped others last week amid a rally that saw the S&P 500 index rise more than 1.9% and the Nasdaq composite jump nearly 4.8%. Small-cap growth funds delivered the biggest returns among...

Earnings Reports.(A)
June 2, 2003... Earnings Reports Dade Behring Holdings, Inc. Reports Continued Revenue and Profitability Growth in the First Quarter of 2003 DEERFIELD, IL - Dade Behring Holdings, Inc. (NASDAQ: DADE) reported continued year-over-year revenue growth in...

Where's The Focus?(ISSUES & INSIGHTS)(EDITORIALS)(Editorial)
June 2, 2003... Economy: The meeting of the world's seven richest nations has a pretty full agenda -- SARS, terrorism, debt relief, just to name a few. Isn't something missing? In fact, something is: a focused discussion of Europe's economic woes. That's...

Tax Demagoguery.(ISSUES & INSIGHTS)(EDITORIALS)(Editorial)
June 2, 2003... Politics: The president had hardly put down his pen after signing the tax cut Wednesday when class warfare broke out again. As usual, the demagoguery doesn't comport with reality. According to the Center on Budget and Policy Priorities, a...

Natural Gas Woes Won't Disappear Unless Gov't Acts.(ISSUES & INSIGHTS)(PERSPECTIVE)
June 2, 2003... Byline: WILLIAM S. STAVROPOULOS World oil prices have fallen as the Iraqi conflict has subsided, but a similar drop in natural gas prices has not occurred. Natural gas costs remain painfully high for consumers, at a record, for this...

INVESTOR'S BUSINESS DAILY 100.(IBD SPECIAL REPORT)
June 2, 2003... 1Hi Tech PharmaHITK34.00-169899..+85..+701517402 Seven weeks now at #1. Annual meeting Thurs. Quintupling of authorized shares on agenda. 2Accredited Hm LndrLEND16.21-119996+35+124+100+1116124..0 Subprime specialist up 15 of 16 wks...

New Leaders Push Aside Former Stars.(IBD SPECIAL REPORT)(INSIDE THE 100)
June 2, 2003... Byline: CHRIS GESSEL The stock market, like the economy, follows an incessant path of creative destruction. New technology, processes and products continually supplant the old and tired in a capitalist system. The concept, named by...

Analyze, Profit From IBD's Market Charts.(GENERAL MARKET & SECTORS)
June 2, 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...

An Incorrectly Drawn Trend Line Can Yield A Premature Sell Signal.(MAKING MONEY)(INVESTOR'S CORNER)
June 2, 2003... Byline: DAVID SAITO-CHUNG Successful growth investors know that profits don't last on paper forever. That's why they use charts to spot the right time to sell. Friday's column discussed how to use the 50-day moving average to decide...

THE REAL MOST ACTIVE NYSE Stocks End Big Week With Gains, Volume.(MAKING MONEY)
June 2, 2003... Byline: JONAH KERI NYSE stocks closed a bullish week in style Friday. The Dow rose 1.6% for the day, 2.9% for the week. The S&P 500 climbed 1.5%, 3.2% for the week. The small-cap S&P 600 outperformed the major NYSE indexes, jumping 1.9%...

Dick's Sets Up Again After April Breakout.(B)(NYSE STOCKS IN THE NEWS)
June 2, 2003... Byline: Jonah Keri If you're watching a stock that's been in a base for several months and hasn't yet broken out during the new bull market, ask yourself this: What's it waiting for? The market's leading stocks have long since run out of...

THE REAL MOST ACTIVE Nasdaq Rallies As Volume Tops 2 Billion Again.(B)
June 2, 2003... Byline: CHRIS GESSEL The Nasdaq let the rest of the market take the lead on Friday. With Midwest manufacturing looking up, blue chips and big caps outperformed the Nasdaq, which is heavy on technology. The small-cap S&P 600 beat them...

Neurosurgery Supplier Enjoys Strong Growth.(B)(NASDAQ STOCKS IN THE NEWS)
June 2, 2003... Byline: David Saito-Chung Integra LifeSciences has been carving out a long, deep base since peaking at 33.50 in early February 2002. The stock surged past a three-week handle on May 21, but is still within 5% of its pivot of 27.24. ...

All The Data Pointed To StrataCom.(THE SMART INVESTOR)(WINNING WAYS)
June 2, 2003... Byline: KEN HOOVER After breaking out in July 1994, StrataCom became a screaming winner. And the stock had a pleasant surprise for the investor who stayed in perhaps a bit too long: The company got bought out. StrataCom was the leader...

FCC Votes 3-2 To Ease Old Ownership Limits On TV, Radio Stations; Panel Splits On Party Lines; GOP majority backs shift; '96 telecom law requires a biannual review of rules.(A)
June 3, 2003... Byline: SEAN HIGGINS The Federal Communications Commission voted 3-2 Monday to loosen the rules on media ownership, opening the radio and TV industries to further consolidation. The vote lifts a ban on owning a newspaper and a TV...

PeopleSoft Buying Rival For $1.6 Billion; Edwards Strong In Factories, Small Cos.; Complementary Businesses.(A)
June 3, 2003... Byline: J. BONASIA In what's seen as a bold but risky plan, PeopleSoft Corp. agreed Monday to buy J.D. Edwards & Co. for $1.6 billion in stock. Known for selling personnel software to large service firms, PeopleSoft looks to tap J.D....

IBD'S TOP 10.(A)
June 3, 2003... Media Ownership Rules Relaxed 1The FCC, voting 3-2, OK'd new rules that let TV networks own more stations. They can now own stations reaching 45% of the U.S. audience, up from 35%. The GOP-controlled FCC also lifted a rule that bars a...

AFTER THE CLOSE.(TO THE POINT)
June 3, 2003... FEDEX says it'll earn 52-60 cents in Q1 vs. views of 61. It'll also take a charge of up to $290 mil, or 30 cents a share, for retirement and severance packages. LENNAR'S Q2 new home orders rose 22% to 9,797 units. MAVERICK TUBE cut its...

BUSINESS BRIEFS.(TO THE POINT)
June 3, 2003... TELECOM Nokia handset share slides in Q1 The Finnish mobile phone maker's global handset market share fell to 35% from 36.2% in Q4, Gartner Dataquest said. No. 2 Motorola had a 14.7% share in Q1 vs. 16.9% in Q4. But No. 3 Samsung rose...

BUSINESS BRIEFS.(TO THE POINT)
June 3, 2003... TRANSPORTATION Chrysler to extend 0% financing To try to halt a decline in U.S. market share, the DaimlerChrysler unit will extend the deals on most vehicles through Sept. 2. Chrysler will also keep offering cash rebates of up to...

BUSINESS BRIEFS.(TO THE POINT)
June 3, 2003... MARKETS NASD gets $110 mil bid for Amex GTCR Golder Rauner, a Chicago-based investment firm, will buy the No. 3 stock exchange. The Chicago Board Options Exchange expressed interest, but it came too late. NASD bought the Amex in '98....

BUSINESS BRIEFS.(TO THE POINT)
June 3, 2003... MEDIA "Law & Order' seeks $1.6 bil deal The producers of the three hit "Law & Order" series want a combined $550 mil a year, or $1.6 bil for a 3-year deal, from NBC, The New York Times said. It would be the biggest single pact in TV...

THE ECONOMY.(TO THE POINT)
June 3, 2003... Construction spending falls 0.3% Economists expected a 0.1% rise in April. It was the 3rd straight decline. Commercial and industrial construction plunged. Home building also slipped, but low mortgage rates should keep activity at a high...

IN BRIEF.(TO THE POINT)
June 3, 2003... Advanced Micro Devices was cut to sell from neutral by Banc of America Securities. It said the PC chip firm will struggle to maintain market share vs. Intel. AMD sank 6%. Coach rose 3.5% on an upgrade to buy from neutral at Merrill Lynch,...

NATION.(TO THE POINT)
June 3, 2003... Bomb suspect waives extradition Arrested fugitive Eric Rudolph agreed to be transferred to Birmingham, Ala., for a trial involving the bombing of an abortion clinic. He's also charged with setting a bomb at the '96 Olympics in Atlanta and...

WORLD.(TO THE POINT)
June 3, 2003... Canada derided on SARS actions Nurses in Canada accused officials of ignoring warnings of Toronto's latest outbreak. "It appeared government was more focused on the protection of the Toronto tourist industry than the health of our health...

TRENDS & INNOVATIONS.(TO THE POINT)
June 3, 2003... Doctors find new respiratory virus Yale University researchers found human metapneumovirus, which causes wheezing, cough and fever, in American children. Of 296 Connecticut kids with respiratory infections of unknown causes, 19 had hMPV,...

TRENDS & INNOVATIONS.(TO THE POINT)
June 3, 2003... ** British researchers developed an adhesive based on the sticky feet of geckos, little lizards that have millions of tiny hairs called setae on their feet, Nature Materials said. ** The FDA will hold a public meeting June 26 to discuss...

Salaries Come In Degrees.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
June 3, 2003... Byline: Brian Deagon 7 Four years ago, entering college with plans to get a degree in computer science or information systems management seemed a great idea. In 1999, the tech industry was red-hot and getting hotter. It was also a...

Entertainment's Power Broker; Aim High: Lew Wasserman's drive helped steer his career up the charts.(LEADERS & SUCCESS)
June 3, 2003... Byline: CURT SCHLEIER For Lew Wasserman, no task was too menial. Wasserman knew that in the competitive world of entertainment, a key to advancement was being noticed. So when he joined the Music Corp. of America (MCA) talent agency in...

HP's 12C Calculator Has Pluses, Minuses For Corporate Parent; Build Better Breadbox?; After a 22-year success, any changes carry risks of riling devoted users.(INTERNET & TECHNOLOGY)
June 3, 2003... Byline: NICK TURNER For a calculator, the 12C evokes some pretty strong emotions. The Hewlett-Packard Co. number cruncher is standard equipment among business school students, real estate agents and stockbrokers. They grow attached to...

Online Shoppers Still Fear Security Issues; A Hurdle For E-Commerce; Many consumers hesitant to send credit card data into the vast cyberspace.(INTERNET & TECHNOLOGY)
June 3, 2003... Byline: PETE BARLAS Call it the fear of shopping. Lingering concerns about security are the primary reason many consumers won't shop online, says a recent study by MasterCard International Inc. In most cases it's safe for...

New Globespan Chip Lets DSL Modem Makers Customize.(INTERNET & TECHNOLOGY)(Q & A)
June 3, 2003... Byline: JAMES DETAR There are two kinds of high-speed modem chips. Cable TV companies use chips in cable modems that go into set-top boxes handed out to cable TV customers. The other is a digital subscriber line chip. It goes into...

Software Aims To Simplify Note Gathering.(INTERNET & TECHNOLOGY)(COMPUTERS MADE PLAIN)
June 3, 2003... Byline: KEN SPENCER BROWN In this information age, finding reams of data online is a no-brainer. The real chore is sifting through it all, sorting it and using it. Nothing will take the brain work out of the process, but several...

Advertisers Not Waving So Many Banners.(INTERNET & TECHNOLOGY)
June 3, 2003... Byline: KEN SPENCER BROWN Classmates Online Inc. wants you to say hello to old school chums -- and goodbye to the Web's oldest form of marketing: banner ads. The reunion service, one of the Net's biggest advertisers, is taping a...

AMERIGROUP CORP. Virginia Beach, Virginia; Change In Legislation Gets Thumbs Up Here.(THE NEW AMERICA)
June 3, 2003... Byline: MARILYN ALVA When Congress recently passed the tax relief package, Amerigroup Corp. rolled out press releases applauding the move. The company was happy about one part of the package in particular: the extra $10 billion set...

PACKETEER INC. Cupertino, California; For Maker Of Tech Gear, The Sale's The Thing.(THE NEW AMERICA)
June 3, 2003... Byline: AMY REEVES A year ago, Packeteer Inc. was just turning a corner. For the first time in its six-year history, the firm was finally turning a consistent profit. Founded in Silicon Valley during the height of the Internet boom,...

New Tax Rule Aids Funds With Yield; Lifts Post-Tax Returns; Equity-income funds helped, but their gains lag in new bull market.(MUTUAL FUNDS)(INVESTMENT TRENDS)
June 3, 2003... Byline: PAUL KATZEFF New tax rules let shareholders keep more of their mutual fund capital gains and dividend income. But shareholders who want to get the most out of the changes will have to do their homework. Not all gains and income...

Beyond WMD.(ISSUES & INSIGHTS)(EDITORIALS)(Editorial)
June 3, 2003... Iraq: The U.S. still has unfinished tasks in Iraq. But finding banned weapons to placate the anti-war crowd should be far, far down the list. The hypocrisy on the left never ceases to astound. Day by day, evidence piles up that the...

A Leader Emerges.(ISSUES & INSIGHTS)(EDITORIALS)(Editorial)
June 3, 2003... World Affairs: The international community is ganging up on Iran and North Korea. It's a tacit acknowledgment that, yes, there is an axis of evil. While the G-8 meeting failed to produce anything of economic substance, the leaders of the...

FACT BOX.(ISSUES & INSIGHTS)
June 3, 2003... ON THIS DAY In 1985, the Supreme Court struck down an Alabama law that permitted a daily one-minute period of silent meditation or prayer in public schools. The 6-3 decision reaffirmed the court's insistence that "government must pursue a...

LETTERS.(ISSUES & INSIGHTS)(Letter to the Editor)
June 3, 2003... Filling In History There was one major piece missing from your profile on the builder William Levitt, "His Plan Sprawled Across U.S." (Leaders & Success, Wednesday). When the construction was under way, the site was regularly picketed by...

California's Fiscal Nightmare Can't Be Blamed On Prop. 13.(ISSUES & INSIGHTS)(VIEWPOINT)
June 3, 2003... Byline: MICHAEL J. NEW As Proposition 13's 25th anniversary approaches, it has come under fire for California's ongoing fiscal crisis. This criticism is unsurprising. In its 25 years, Proposition 13 has served as an all-purpose...

Keep Studying A Stock's Volume Trends After Its Breakout.(MAKING MONEY)(INVESTOR'S CORNER)
June 3, 2003... Byline: JONAH KERI IBD spends a huge amount of time trumpeting the importance of institutional investors. They control as much as three-fourths of the market's movement. Wouldn't it be great if we could track their actions? We can....

THE REAL MOST ACTIVE NYSE Stocks Pull Back, But Close Higher.(MAKING MONEY)
June 3, 2003... Byline: CRAIG SHAW NYSE stocks pared gains but stayed positive Monday as a key factory index showed a smaller-than-expected decline. The S&P 500 advanced 0.4%, the Dow 0.5% in heavy trade. Genentech raced ahead 4.12, or 6.6%, to 66.73...

Analyze, Profit From IBD's Market Charts.(GENERAL MARKET & SECTORS)
June 3, 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...

Upside Trade Climbs For Legal Service Firm.(B)(NYSE STOCKS IN THE NEWS)
June 3, 2003... Byline: Craig Shaw Pre-Paid Legal Services is shaping a 26-week base. The stock has gained ground for nine straight weeks as its up/down volume ratio swelled from 0.7 to 2.7. The provider of prepaid attorney access boasts 13 straight...

THE REAL MOST ACTIVE Late-Day Reversal Erases Nasdaq's Early Gains.(B)
June 3, 2003... Byline: JONAH KERI What looked like another day of heady gains turned to dust Monday as a late-day reversal sent Nasdaq stocks to a loss by the close. The tech-laden index fell 0.3%, while the Nasdaq 100 dropped 1.1%. Volume picked up for...

Pixar's "Finding Nemo' Fuels Talk Of Profit.(B)(NASDAQ STOCKS IN THE NEWS)
June 3, 2003... Byline: Jonah Keri SafeNet cleared its 4 1/2-month base on May 27. But the stock quickly turned tail, falling the next three days. It made another attempt up Monday, but reversed downward into the close along with the rest of the market....

Fed Easing Now Likely As "Insurance' Policy, Greenspan All But Says; Addressing Deflation Fears; Could buy back T-bonds; chairman says economy seems poised to turn up.(A)
June 4, 2003... Byline: JOSEPH GUINTO Federal Reserve Chairman Alan Greenspan hinted strongly Tuesday that the central bank will cut rates later this month as an insurance policy against deflation. At the same time, the Fed chairman said the economy...

Market's Sentiment Tools Proved Crowd Wrong At Key Junctures; Herd On The Street.(A)
June 4, 2003... Byline: CRAIG SHAW When the crowd yells fire, sit tight. That's the approach of investors who use psychological indicators to flag market shifts. Sentiment gauges are contrarian. The herd is usually wrong at market extremes. When...

IBD'S TOP 10.(A)
June 4, 2003... Fed Chief Talks Pickup, Rate Cut 1Alan Greenspan warned the outlook is still murky. But he said the U.S., which has shown great strength in face of terror, war and stock-market losses, can deliver a modest rebound. Tax cuts will help by...

AFTER THE CLOSE.(TO THE POINT)
June 4, 2003... COCA-COLA named ex-Kodak CEO Daniel Palumbo its chief marketer. He replaces Stephen Jones, who quit in March. AHOLD wants to sell all or part of U.S. Foodservice, the Financial Times reported. The unit is at the center of the Dutch grocer's...

BUSINESS BRIEFS.(TO THE POINT)
June 4, 2003... TRANSPORTATION Ryanair slides, says fares to fall The Irish low-fare airline's net profit rose 59% to $280 mil in the year ended March 31. But Ryanair announced fare cuts and said profit growth this year could fall to 10% due to the...

BUSINESS BRIEFS.(TO THE POINT)
June 4, 2003... FINANCE SEC subpoenas Wall Street firms The SEC, NYSE and NASD have subpoenaed documents from many of Wall Street's top names as the investment banking probe shifts from analysts to their bosses, sources said. Individuals from 12 banks...

BUSINESS BRIEFS.(TO THE POINT)
June 4, 2003... FINANCE Cigna falls on lost customer fears The HMO fell 5% after UBS Warburg cut it to neutral from buy, citing a poll that hinted Cigna will lose customers. Some 28% of members plan to switch providers as Cigna struggles to strike a...

BUSINESS BRIEFS.(TO THE POINT)
June 4, 2003... TECHNOLOGY Global chip sales estimates cut The World Semiconductor Trade Statistics group expects sales to rise 11.5% to $156.9 bil this year. It had seen 16.6% growth in Oct. WSTS cited the weak world economy and SARS. It forecast...

THE ECONOMY.(TO THE POINT)
June 4, 2003... Chain-store sales steady in week Same-store sales at big discount and department chains last week were flat vs. the prior week and up 3% vs. a year ago, Bank of Tokyo-Mitsubishi and UBS Warburg said. Instinet Research said May same-store...

IN BRIEF.(TO THE POINT)
June 4, 2003... Ex-Enron energy trading exec John Forney was arrested on charges related to the firm's manipulation of energy markets during California's energy crisis. ChoicePoint fell 9% after the background info checker cut its '03 sales growth outlook...

NATION.(TO THE POINT)
June 4, 2003... Airport security still in question Lawmakers asked why the Transportation Security Administration hasn't completed background checks on half the 55,000 federal workers screening passengers and bags. They noted several airports discovered...

WORLD.(TO THE POINT)
June 4, 2003... Muslims' support for U.S. diving The Iraq war sent support to new lows in Muslim countries and significantly damaged U.N. standing there and elsewhere, a Pew survey found. Osama bin Laden still got favorable marks in some Muslim countries....

TRENDS & INNOVATIONS.(TO THE POINT)
June 4, 2003... 24 rising urban stars highlighted Culture, living environment, city "vibe" and social sustainability are key to cities' success in attracting investors, real estate consulting firm Jones Lang LaSalle said. Rising stars include Austin,...

TRENDS & INNOVATIONS.(TO THE POINT)
June 4, 2003... ** Spinal manipulation, done by chiropractors to treat back pain, is no better or worse than conventional methods like exercise, pain killers and physical therapy, Annals of Internal Medicine reported. ** Teens who eat dinner with their...

DON'T BE AFRAID TO INNOVATE Chart Your Own Course.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
June 4, 2003... Byline: Doug Tsuruoka 8 You never know when that old Scout manual will come in handy. Dan Pinck was 18 when he joined the Office of Strategic Services, America's first spy agency in World War II. Pinck was barely trained when he left...

This Merchant Meant Business; Take Action: New England's Pepperell rallied the troops in King George's War.(LEADERS & SUCCESS)
June 4, 2003... Byline: DONNA HOWELL If it needs doing, do it. Such was the approach of Sir William Pepperell. And it helped the affable, modest Pepperell became one of New England's most successful early businessmen, among the richest in the New...

Want To Be Like Tiger? Get Your Lessons From The Best.(A)(NEWS FOR YOU: GOLF)
June 4, 2003... Byline: LARRY OLMSTED For the first time in four years, the unthinkable has happened in professional golf. Nearly halfway through the PGA Tour season, Tiger Woods isn't No. 1 on the money list. This is the latest date since 1999 that...