Investor's Business Daily articles from May 2002, page 5

Investor's Business Daily archives from May 2002

Intel, IBM, Motorola Battle Over NPUs Network Chip Dogfight Network processor units attracting the big boys as sales near $1 billion.(INTERNET & TECHNOLOGY)
May 20, 2002... Byline: JAMES DETAR There's a fierce battle under way as dozens of chip companies jockey for position in the hot new market for network processing chips. At the end of the day, say analysts, only a few strong firms will remain. ...

Consumer-Oriented Terra Lycos To Tackle Corporate Web Market Sells Search, Other Services Aims to be one-stop shop for corporate Web sites looking to add features.(INTERNET & TECHNOLOGY)
May 20, 2002... Byline: PETE BARLAS Terra Lycos is going corporate. On Monday, Terra Lycos, one of the most-visited online sites, will begin selling Web services to large companies. Before, Lycos geared most of its efforts to consumers. Terra...

CEOs At The "Fast 500' Still See Opportunity In Internet Businesses Survey Of Fast-Growing Firms Pollster Deloitte & Touche says many execs expressed optimism in this year's study.(INTERNET & TECHNOLOGY)
May 20, 2002... Byline: BRIAN DEAGON Chief executives of fast-growing companies say there was one good result of the technology bust of 2001: It got rid of the jetsam. These CEOs view the tech slowdown as a healthy shakeout of firms that didn't...

Is There Bias When Distributors Sell Rival Wares? Product Conflicts Arise Verizon says salespeople don't favor any product, letting customer decide.(INTERNET & TECHNOLOGY)
May 20, 2002... Byline: MIKE ANGELL Do distributors of tech products play favorites? No distributor is likely to answer yes. But the question often lurks just beneath the surface. Consider Verizon Communications Inc. Though best known as the...

Treschow Hears New Calling As Ericsson's Chair Brings Turnaround Experience Treschow sees bright future for wireless once carriers start capital spending again.(INTERNET & TECHNOLOGY)(Q & A)
May 20, 2002... Byline: SARAH Z. SLEEPER Some call him "Mike the Knife." That's because as chief executive of Sweden's Electrolux AB, Michael Treschow closed plants and trimmed jobs. His cost-cutting efforts are credited with quadrupling profit for...

NEW-ISSUE PIPELINE Teen-Oriented Chain Is, Like, Ripe To Grow.(THE NEW AMERICA)
May 20, 2002... Byline: Gloria Lau Aeropostale Inc. New York, New York 646-485-5398 aeropostale.com Lead underwriters: Bear Stearns and Merrill Lynch Offering price: $18 Offering date: May 16 Ticker: ARO THE...

NEW AMERICA REVISITED Drug Firm Ends Execs' Program Of "Blind Trusts'.(THE NEW AMERICA)(NEW AMERICA REVISITED)
May 20, 2002... Byline: FROM IBD NEWS SERVICES Drug maker King Pharmaceuticals Inc. on Friday said it's scrapping trusts used by its three senior executives to hold its shares and then sell them. It's doing this to correct any misperceptions by...

AFTER MARKET Second Time's A Charm For Kyphon.(THE NEW AMERICA)
May 20, 2002... Kyphon surged almost 14% to 17.05 on its debut Friday. The firm raised $90 million, issuing 6 million shares at $15 each. It makes medical devices to treat spine fractures, an alternative to surgery. This is Kyphon's second attempt to go...

AFFILIATED COMPUTER SERVICES INC. Dallas, Texas Sick Of Paperwork? This Company Can Help.(THE NEW AMERICA)
May 20, 2002... Byline: KIRK SHINKLE Want to know what really goes on in the back offices of America's major corporations? Lots and lots of paperwork. Affiliated Computer Services Inc. knows that end of the office pretty well. It handles data entry,...

KEY FUND HOLDINGS.(MUTUAL FUNDS)
May 20, 2002... Key Fund Holdings / AmerisourceBergen and Triad Hospitals were top holdings of AIM Global Health Care Fund as of the latest reporting period. AmerisourceBergen is 2% off its April 29 high of 79.70. Earnings rose 21%, 37% and 53% the past...

Babson Enterprise On Small-Cap Wave Fund Up 20% This Year Manager tilts his portfolio toward cyclical issues that recovery could boost.(MUTUAL FUNDS)(MUTUAL FUND PROFILE)
May 20, 2002... Byline: KEN HOOVER March 2000 was a turning point of a different sort for Babson Enterprise Fund. For most mutual funds, it was the high point. Two years later, they're still digging out from the worst bear market in a generation. ...

Alaska's Slippery Slope.(ISSUES & INSIGHTS)(EDITORIALS)
May 20, 2002... Energy: There's more oil beneath Alaska than previously thought. That's washing away arguments that its crude is insufficient to break our import dependence. The U.S. Geological Survey estimates that 9.3 billion barrels of crude oil sit...

Fast Track To Tariffs.(ISSUES & INSIGHTS)(EDITORIALS)
May 20, 2002... Trade: In deciding two months ago to impose tariffs on steel, President Bush chose politics over principle. He may have compromised both. Principle, of course, went out the back door as soon as politics came in the front. How else to...

LETTERS.(ISSUES & INSIGHTS)
May 20, 2002... Government Profit "The Real Profiteers" (Editorial, Wednesday) coincided with an interview on CNBC with some vacuous senator from Massachusetts railing about Stanley Works' flight to Bermuda. Although your editorial made the point...

Missile Defense Edges Ahead, Despite Qualms In Congress.(ISSUES & INSIGHTS)(PERSPECTIVE)
May 20, 2002... Byline: TOM GRAY It may be too early to declare a tidal shift in attitudes toward arms control, missile defense and the contentious issue of how best to defend America from weapons of mass destruction. But missile defense does seem to be...

THE REAL MOST ACTIVE Win No. 2 For The Major NYSE Indexes.(MAKING MONEY)
May 20, 2002... Byline: CHRISTINA WISE After a few stumbles, NYSE stocks recovered to finish Friday with a gain. The Dow Jones industrial average tacked on 0.6%, while the S&P 500 added 0.8%. Home builders, many of which had a rough time Thursday,...

Medicals, Builders Bounce As Market Pushes Higher.(GENERAL MARKET & SECTORS)(THE BIG PICTURE)
May 20, 2002... Byline: DAVID SAITO-CHUNG Stocks squeezed out more modest gains Friday to cap a strong week. More important, stocks in leading industries held firm, a sign that this latest rally is showing some staying power. News of bullish...

Home Builder Takes Break To Build Base.(B)(NYSE STOCKS IN THE NEWS)
May 20, 2002... Byline: Christina Wise D.R. Horton, which is making its way through a 10-week base, edged back above its 50-day moving average Friday. The company builds homes geared toward first-time and move-up home buyers. Its acquisition of...

THE REAL MOST ACTIVE Retailers, Medicals Spearhead The Nasdaq Higher.(B)
May 20, 2002... Byline: JULIE HUYNH The Nasdaq finished up 0.63% Friday, its fifth straight up session. The composite index has gained nearly 10% the past five days. Volume was light. Right Management Consultants soared 3.48 to a new high of 31.23...

PC Touch Pad Supplier Scoring Well In Japan.(B)(NASDAQ STOCKS IN THE NEWS)
May 20, 2002... Byline: David Saito-Chung Synaptics has had a nice run since its market debut at $11 a share on Jan. 29. The stock is currently in a nine-week trading range between 16 and 20. The San Jose, Calif.-based firm's touch pads go into...

When Markets Get Tough, RS Bar Gets Higher.(THE SMART INVESTOR)(IBD INVESTOR PROFILE)
May 20, 2002... Byline: CLAIRE MENCKE For the past eight years, Jim Sheffield has been making his living with CAN SLIM. When Sheffield was downsized out of his job as a health care consultant in 1993, he'd been an IBD reader for about three years....

Key Energy Lived Atop 50-Day Line.(THE SMART INVESTOR)(WINNING WAYS)
May 20, 2002... Byline: KEN HOOVER Oil prices were dropping when Key Energy Group broke out of a 14-week cup-with-handle base in May 1997. The Midland, Texas, company was growing rapidly because it was buying up "mom and pop" oil rig service...

Don't Let Emotions Fuel Trades.(SERIES: INVESTOR PSYCHOLOGY)(A)(INVESTOR'S CORNER)
May 17, 2002... Byline: CHRISTINA WISE Investor Psychology: Sixth In A Series Hope, greed, fear -- all these ingredients help make a great mystery or a terrifying stock market ride. The Nasdaq's brutal descent over the past two years and...

Smelling Opportunity, Schwab Takes Aim At Brokers' Buy Ratings No Investment-Bank Taint 3,000 stocks will receive A to F scores the firm says are free of Wall St. bias.(A)
May 17, 2002... Byline: JED GRAHAM Charles Schwab Corp., which invented the discount brokerage in the 1970s, said Thursday it will offer research and advice as it makes the leap to becoming a full-service firm. But Schwab's research and advice won't...

In The Driver Seat For A Change, GM Aims To Rebuild Lead, Profit Market share creeps up on strong truck lineup; can it do as well in cars?(A)(COMPANY IN THE NEWS)
May 17, 2002... Byline: MARILYN ALVA Back in the 1950s, Americans happily saw the USA in their Chevrolets. When they got older and richer, they moved up to Buick, Pontiac, Olds and -- if they did real well -- a Cadillac. Those cars put General...

IBD'S TOP 10.(A)
May 17, 2002... Questions Build On Hijack Alert 1House Minority Leader Dick Gephardt and other lawmakers pushed for inquiries after the White House said President Bush was told in August that Osama bin Laden's terrorist network might hijack U.S. planes....

AFTER THE CLOSE.(TO THE POINT)
May 17, 2002... MICROSOFT tried to convince a skeptical judge that nine states have no right to seek stiffer sanctions. THE FBI confirmed it's probing bankrupt Kmart for possible criminal wrongdoing. AUTODESK netted 16 cents in Q1, down 45% and a...

BUSINESS BRIEFS.(TO THE POINT)
May 17, 2002... TELECOM GEAR Lucent: No SEC financing probe The telecom gear firm doesn't think the SEC is investigating its loans to customers so they could buy Lucent products. Lucent was responding to published reports claiming the SEC broadened...

BUSINESS BRIEFS.(TO THE POINT)
May 17, 2002... MEDICAL Pfizer Lipitor probe scope grows The Justice Dept. widened a probe of whether Pfizer overcharged Medicaid for cholesterol drug Lipitor, its top seller. The DOJ is looking at Lipitor sales for '98 to '01, Pfizer said in an SEC...

BUSINESS BRIEFS.(TO THE POINT)
May 17, 2002... TECHNOLOGY Chip gear book-to-bill up in April The ratio of new orders to chip gear shipped rose to 1.20 in April from March's revised 1.05, SEMI said. It's the best reading since Aug. '00 and above expectations. A reading over 1.0 is...

BUSINESS BRIEFS.(TO THE POINT)
May 17, 2002... FINANCE Merrill may settle by next week New York Attorney General Eliot Spitzer hopes to settle with Merrill Lynch by next week over charges its research was biased to win investment banking business. He called talks productive....

THE ECONOMY.(TO THE POINT)
May 17, 2002... U.S. mortgage rates edge higher Signs of a strong economy helped push the 30-year fixed mortgage rate to 6.89% in the week ended May 17 from 6.79% last week, mortgage financer Freddie Mac said. The 15-year rose to 6.37% from 6.27%....

IN BRIEF.(TO THE POINT)
May 17, 2002... Marsh & McLennan will split 2-for-1 on June 28. The insurance broker raised a quarterly dividend 5.7% to 56 cents a share. Stericycle will split 2-for-1 on May 31. The medical waste firm has 18.7 mil shares out, but will buy back up to...

NATION.(TO THE POINT)
May 17, 2002... House passes GOP welfare plan The bill, passed 229-197 along party lines, presses more single mothers to work and provides hundreds of millions of dollars to promote marriage and sexual abstinence. Democrats in the Senate will seek more...

WORLD.(TO THE POINT)
May 17, 2002... Bin Laden, Omar said likely alive Provincial Gov. Taj Mohammad Wardak and powerful warlord Padshah Khan Zadran, a rival in eastern Afghanistan, said they believe Osama bin Laden and Taliban leader Mohammad Omar are probably alive and in...

TRENDS & INNOVATIONS.(TO THE POINT)
May 17, 2002... High-school smoking dips sharply Just 28.5% of high schoolers last year said they had smoked a cigarette in the prior month -- vs. 36.4% five years ago, the Centers for Disease Control and Prevention said. It's the lowest since 27.5% in...

TRENDS & INNOVATIONS.(TO THE POINT)
May 17, 2002... Increasingly popular alternative medicines, from Chinese herbal remedies to spiritual therapies, are often misused and might harm patients, the WHO said. Vitamin D works to prevent colon cancer by detoxifying the body's digestive...

WORK HARD Gold-Medal Persistence.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
May 17, 2002... Byline: Cord Cooper 5 Want to achieve the impossible? Turn to friends who can help. It worked for Billy Payne, a real estate lawyer who brought the 1996 Summer Olympics to Atlanta. He had no event-management experience. He hadn't...

Thaddeus Lowe Aimed High Focus On Persistence: Balloon innovator helped the Union win the Civil War.(LEADERS & SUCCESS)
May 17, 2002... Byline: REINHARDT KRAUSE Impressing President Lincoln wouldn't be easy. Thaddeus Lowe, though, figured a flair for showmanship would save the day. Lowe's goal: proving that balloons could help the Union Army win the Civil War. ...

No Holes In Krispy Kreme's Strategy For Marketing Its Brand Firm's gone from being a regional chain to name known throughout U.S.(LEADERS & SUCCESS)(MANAGING A SUCCESSFUL COMPANY)
May 17, 2002... Byline: BRIAN DEAGON It was dark and snowy, but that didn't matter. People were lining up at 5 a.m. in Rochester, N.Y., waiting for a doughnut shop to open. By 6 a.m., the drive-through line had 75 cars. Within 24 hours, the local TV...

TECHBITS.(INTERNET & TECHNOLOGY)
May 17, 2002... Byline: Nick Turner and Reinhardt Krause Watching For Booms And Bubbles The tech recovery is coming, say analysts at Forrester Research Inc. But don't expect the next technology boom to look like the last one. There won't be the...

IBM Cleaning Up With Colgate Reveals Big Client Win It looks to be replacing rival Sun Microsystems as main tech supplier.(INTERNET & TECHNOLOGY)
May 17, 2002... Byline: BRIAN DEAGON Colgate-Palmolive Co. has been brushing up on Big Blue. IBM Corp. on Friday is expected to announce a big contract to provide tech products and services to the consumer products company. IBM seems to be replacing...

No Need To Tie Yourself Up In Knots When Using Adobe Acrobat Features Little Known The versatile software can do more than just format Net documents.(INTERNET & TECHNOLOGY)(COMPUTERS MADE PLAIN)
May 17, 2002... Byline: LYNN WALFORD Adobe Systems Inc.'s Acrobat bridges the worlds of printed publications and online documents. The software allows users to take real-world documents and put them online while maintaining their original graphics...

Yes, Cisco Saw Profit, But When Will Firm Start Boosting Sales? Analysts Reading Tea Leaves Some say chip industry no longer good indicator of a networking rebound.(INTERNET & TECHNOLOGY)
May 17, 2002... Byline: MIKE ANGELL Investors cheered Cisco Systems Inc.'s continuing profitability amid the sharpest tech downturn ever. But Cisco shareholders still want to know when sales growth will resume. Some investors look to the companies...

Accenture Tech Labs Looks To The Future Touts Wearable Device Personal assistant can remember names, data and helps remind users.(INTERNET & TECHNOLOGY)
May 17, 2002... Byline: J. BONASIA If you always forget names of people you just met, help is on the way. Accenture Technology Labs has built a wearable computer that can record and play back any exchange triggered by the phrase "Nice to meet you."...

After Failure Of "Global Trade Revolution,' Ariba Finding Its New Niche Looks To Post Profit This Year Company slimmed down and shifted product focus after death of B2B frenzy.(INTERNET & TECHNOLOGY)(Q & A)
May 17, 2002... Byline: MURRAY COLEMAN Two years ago, Ariba Inc. was one of technology's biggest stars. It was a pioneer of business-to-business software. Those programs made it possible for corporate buyers to trade online. These days, shares...

Kitchen Interior Firm Sculpts Faster Growth.(B)(NASDAQ STOCKS IN THE NEWS)
May 17, 2002... Byline: Julie Huynh Since notching a high of 73.25 on March 14, American Woodmark has carved a nine-week base. It's 7% off its old high. The Winchester, Va.-based firm makes kitchen cabinets and vanities for the remodeling and new...

RYLAND GROUP INC. Calabasas, California Strong Home Market Gives Builder A Boost.(THE NEW AMERICA)
May 17, 2002... Byline: ALAN R. ELLIOTT It's an odd year when a 2% rise in new home starts grabs attention. But last year, as most industries backslid with the receding economy, builders broke ground for 33,000 more homes than in 2000. It...

AFTER MARKET Teen-Age Retailer Soars On Debut.(THE NEW AMERICA)
May 17, 2002... Aeropostale soared 54% to 27.75 on its debut Thursday. The New York-based retailer, which specializes in clothing and accessories for 11- to 20-year olds, issued 12.5 million shares at $18 each. Aeropostale had net income of $30.3 million on...

PEPSI BOTTLING GROUP INC. Somers, New York Bottler Has A Big Thirst For Global Expansion.(THE NEW AMERICA)
May 17, 2002... Byline: KIRK SHINKLE The next cola war might take place south of the border, thanks to a recent deal signed by Pepsi Bottling Group Inc. The No. 1 U.S. Pepsi bottler on May 7 agreed to acquire Pepsi-Gemex SA de CV, its counterpart in...

KEY FUND HOLDINGS.(MUTUAL FUNDS)
May 17, 2002... Key Fund Holdings / Omnicare was a top holding of Putnam Small Cap Value Fund as of the latest reporting period. Earnings rose 35% and 62% the past two quarters. Analysts see net climbing 54% this year and 19% next year. The stock is 4% below...

Stock Fund Flow Dip Seen Sour Market A Drag On April.(MUTUAL FUNDS)
May 17, 2002... Byline: FROM IBD NEWS SERVICES Investors placed an estimated $14.9 billion into stock funds in April, according to Lipper Inc., down from the $29.3 billion reported by the Investment Company Institute for March. Bond funds took in...

Gen Xers Face Big Retirement Hurdles Smart Budgeting Is Key Though many have jump on older savers, they need to watch spending habits.(MUTUAL FUNDS)
May 17, 2002... Byline: JULIE HUYNH If you're a hip young Gen Xer living in the city, you know it takes a lot of money to live large. Spending is what Gen Xers do best, and spending beyond their means through credit cards often puts them in financial...

Deadly Distractions.(ISSUES & INSIGHTS)(EDITORIALS)
May 17, 2002... Priorities: On Thursday, it was the president's foreknowledge of the attacks. The day before, it was a fund-raising photo of him from Sept. 11. Our focus is blurring. Though some seem to have erased the events from their memories,...

Too Much At Stake.(ISSUES & INSIGHTS)(EDITORIALS)
May 17, 2002... Trade: The U.S. has taken some direct hits for its recent backsliding on free trade. Fair enough. But those who are criticizing are anything but pristine. At a meeting of the world's richest nations in Paris Thursday, some were having a...

LETTERS.(ISSUES & INSIGHTS)
May 17, 2002... IBD's Economics 101 My congratulations on the excellent analysis of Big Oil, taxes and congressional business bashing in "The Real Profiteers" (Editorial, Wednesday). It was very much to the point and easy to understand for a congressman...

Back To Normal After 9-11? Real Bad Idea, Says Bennett.(ISSUES & INSIGHTS)(Q & A)
May 17, 2002... Byline: PETER BENESH Eight months after al-Qaida's attack, America is getting back to normal -- too normal, some analysts say. The threat, they argue, is as great as ever, but the administration's strategy for homeland defense lacks...

THE REAL MOST ACTIVE NYSE Names Edge Up On Lower Trade.(MAKING MONEY)
May 17, 2002... Byline: CHRISTINA WISE The major NYSE indexes logged modest gains Thursday. The Dow Jones industrial average edged up 0.4%, while the S&P 500 advanced 0.7%. Insurance brokerages scored some of the biggest wins. Willis Group Holdings...

Broad Market Pulls Back As Major Averages Rise.(GENERAL MARKET & SECTORS)(THE BIG PICTURE)
May 17, 2002... Byline: CHRIS GESSEL Stocks traded quietly for a second straight session Thursday, still digesting gains from earlier in the week. The big indexes all finished modestly higher. The S&P 500 led the way with a 0.7% increase. The Dow...

Carpet Maker Nears Top Of 10-Week Base.(B)(NYSE STOCKS IN THE NEWS)
May 17, 2002... Byline: Christina Wise Mohawk Industries, which is winding through a 10-week base, finished Thursday 5% short of its high. The firm is one of the world's largest manufacturers of carpeting for homes and offices. After a rough...

THE REAL MOST ACTIVE Retail, Consumer Firms Help Nasdaq Edge Higher.(B)
May 17, 2002... Byline: DAVID SAITO-CHUNG The Nasdaq composite marked its fourth straight advance, adding 0.3% during a rangebound session Thursday. Volume fell sharply. Despite the meltdown among blue chip drug firms, a few health care stocks...

Don't Fear Buying A Stock Twice.(SERIES: INVESTOR PSYCHOLOGY)(A)(INVESTOR'S CORNER)
May 16, 2002... Byline: DAVID SAITO-CHUNG Investor Psychology: Fifth In A Series There's truth to the saying, "Once bitten, twice shy." Yet with stocks, it can pay to take a second crack. Those who invest by IBD's rules have likely run...

CPI Climbs Fast 0.5% But Sets Off No Alarms Amid A Tepid Recovery Wall St. Expected 0.4% Rise Core CPI, ahead 0.3%, also exceeded forecasts; no Fed concern -- yet.(A)
May 16, 2002... Byline: CHRISTINA WISE Consumer prices rose a faster-than-expected 0.5% last month, but economists downplayed the jump, and a key Federal Reserve official said there's no reason to raise interest rates now. Analysts had expected the...

Why For-Profit Hospitals Thrive While Nonprofits Whither Away They're more equipped to upgrade and finance efficiency-boosting steps.(A)(INDUSTRY SNAPSHOT)
May 16, 2002... Byline: GLORIA LAU The next time you check grandma into a hospital, you might want to make sure it's run by good managers -- and not just people good at fund-raising or cutting costs. Otherwise you might have a headache you didn't...

IBD'S TOP 10.(A)
May 16, 2002... CPI Took Surprising Jump In April 1The 0.5% hike in consumer prices was the largest since last May, led by spikes in gasoline, air fares and hospital services. Core CPI, which excludes food and energy, rose 0.3%, also a bit over views....

AFTER THE CLOSE.(TO THE POINT)
May 16, 2002... IBM aims to cut costs by $1 bil to $2 bil a year. CEO Sam Palmisano implied job cuts, widely expected, are coming. IBM said it's dealing with troublesome ops such as PCs and hard drives. BELLSOUTH got FCC OK to offer long distance in...

BUSINESS BRIEFS.(TO THE POINT)
May 16, 2002... MEDIA Lou Dobbs tops CNBC in 1st year Since the veteran anchor's return to CNN's Moneyline, the show has rebounded 87%, reclaiming its title as the top evening business news program. In April, Lou Dobbs Moneyline doubled CNBC's...

BUSINESS BRIEFS.(TO THE POINT)
May 16, 2002... MARKETS U.S., EU review banking venture The antitrust chiefs of the European Union and Justice Dept. are probing charges that some of the world's largest banks and their online currency trading venture have tried to hobble would-be...

BUSINESS BRIEFS.(TO THE POINT)
May 16, 2002... TECHNOLOGY FT: U.S. warns EU over Microsoft The Justice Dept.'s top trust buster said in a Financial Times interview that U.S. courts have already rejected some arguments that European regulators want to use against Microsoft....

BUSINESS BRIEFS.(TO THE POINT)
May 16, 2002... ACCOUNTING Duncan searched soul on Enron The man who led Enron audits testified he's soul-searched over his plan to shred documents. Ex-Andersen partner David Duncan pleaded guilty in March to obstructing justice. In Oct., after an...

THE ECONOMY.(TO THE POINT)
May 16, 2002... Global officials see slump ending Ministers of the OECD, the world's 30 richest nations, said the global slowdown is ending. "The worst is already behind us," said the EU's top economic official, Pedro Solbes. He said the U.S. is already...

IN BRIEF.(TO THE POINT)
May 16, 2002... Cardinal Health will buy Boron, LePore for $16 a share, $190 mil plus, the drug wholesaler said. Boeing won't oppose Northrop Grumman's pursuit of TRW, and won't oppose a bid by rival Lockheed Martin for TRW. Boeing backed '02 and '03...

NATION.(TO THE POINT)
May 16, 2002... House GOP pushes welfare reform The legislation, renewing the '96 law that saw a drop in welfare rolls nationwide, would continue the time limits on aid and beef up work rules. Democrats argued that leaving welfare was not enough. Most...

WORLD.(TO THE POINT)
May 16, 2002... Spain cracks separatist bomb plot Police thwarted a major terrorist attack by the Basque separatist group ETA planned for a summit of Latin American and European leaders. Two suspected ETA members who were arrested had stashed nearly 440...

TRENDS & INNOVATIONS.(TO THE POINT)
May 16, 2002... Genetics key for cloning failures Just a small fraction of cloned mouse embryos properly express a gene that is crucial for normal development, University of Pennsylvania scientists found. This might explain why so few attempts to clone...

TRENDS & INNOVATIONS.(TO THE POINT)
May 16, 2002... A new drug that removes a natural protein in blood may lead to better treatments for Alzheimer's and type 2 diabetes, U.K. scientists said. Doctors are wrongly prescribing a diabetes drug to patients with heart or kidney failure, putting...

NEVER STOP LEARNING Training Your Memory.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
May 16, 2002... Byline: Robin Grugal First Of Two Parts 4 Most of us know the discomfort of stepping into a business or social function and not being able to put names to familiar faces we see. But don't simply accept the fact that you're terrible...

O'Kane At A Glance.(LEADERS & SUCCESS)
May 16, 2002... O'Kane At A Glance Born: 1911 in Dover, N.H. Died: 1994 in Petaluma, Calif. Education: B.S. in engineering from the U.S. Naval Academy in 1934. Achievements: Served aboard surface warships USS Chester and USS Pruitt and...

Captain Kept Focus On Victory Unsinkable Spirit: Daring, innovation made Richard O'Kane top sub skipper.(LEADERS & SUCCESS)
May 16, 2002... Byline: PAUL KATZEFF Dick O'Kane's superior officers in the Navy didn't expect much from him. At the outbreak of World War II, he was a young officer aboard the submarine USS Wahoo. The captain thought a more aggressive commander...

Cable's Program Extends Beyond TV Voice Via Cable Gains AT&T Broadband, Cox have taken small share away from local Bells.(INTERNET & TECHNOLOGY)
May 16, 2002... Byline: REINHARDT KRAUSE It's an event worthy of "Ripley's Believe It or Not." Cable TV firms that sell phone service are putting a dent in the market dominance of local Bells. It's small, to be sure, but it is a dent. It comes...

Cox Cable Could Rise On Fall Of Adelphia, Improving Debt Load L.A. Cable TV System For Sale Cox Communications has some cards to play in industry's poker game.(INTERNET & TECHNOLOGY)
May 16, 2002... Byline: REINHARDT KRAUSE It's a short drive from Orange County, Calif., to Los Angeles. That's why Cox Communications Inc. is a likely bidder for Adelphia Communications Corp.'s cable TV systems for sale in the city of angels. ...

Pegasystems' "Rules Based' Software Helps Clients Automate Processes.(INTERNET & TECHNOLOGY)(Q & A)
May 16, 2002... Byline: J. BONASIA Pegasystems Inc. is starting to resemble its namesake Pegasus, the mythic winged horse, because the company's stock keeps going up. Pegasystems is one of those rare small-cap software firms that actually made money...

TECHBITS.(INTERNET & TECHNOLOGY)
May 16, 2002... Byline: Reinhardt Krause and Sarah Z. Sleeper Is Wi-Fi Doomed To A Short Life? Stop the presses. There's been plenty of favorable news coverage lately about wireless fidelity, or Wi-Fi, start-ups. They provide wireless...

E-Trade Waves Cash In Effort To Lure Datek Customers.(INTERNET & TECHNOLOGY)
May 16, 2002... Byline: JED GRAHAM E-Trade Group Inc. lost the bidding war for online brokerage Datek Online Holdings Corp., which on April 8 accepted a $1.3 billion stock offer from Ameritrade Holding Corp. But the rebuffed E-Trade, which wouldn't...