Investor's Business Daily articles from May 2002

Investor's Business Daily archives from May 2002

Mag Covers Can Mark Bottoms.(SERIES: INVESTOR PSYCHOLOGY)(A)(INVESTOR'S CORNER)
May 31, 2002... Byline: CRAIG SHAW Investor Psychology: Fifteenth In A Series When Time, Newsweek, Fortune or some other national magazine runs a front-cover story about the bear market, what should you do? Start building a watch list of...

Bush Sends Rumsfeld To India, Pakistan As Worries Of War Grow Leans On Musharraf To Act Defense secretary joining top State Dept. aide in an effort to cool tensions.(A)
May 31, 2002... Byline: THE ASSOCIATED PRESS President Bush on Thursday urged Pakistani President Pervez Musharraf to "live up to his word" and stop cross-border attacks in Kashmir. He also will send Defense Secretary Donald Rumsfeld to help ease...

As Good As It Gets: Net's 3 Kings May Never Recapture Old Glory Freewheeling spending on tech over for now, as Cisco, Sun, Oracle show.(A)(COMPANIES IN THE NEWS)
May 31, 2002... Byline: IBD STAFF REPORT They are, as analysts and the media often described them, tech royalty. Networking King Cisco, Server King Sun Microsystems, Database King Oracle. All the more reason their investors have been so royally...

IBD'S TOP 10.(A)
May 31, 2002... Bush Directs Plea To Musharraf 1President Bush urged Pakistan President Pervez Musharraf to "live up to his word" and stop cross-border attacks in Kashmir. Bush will send Defense Secretary Donald Rumsfeld to help ease India-Pakistan...

AFTER THE CLOSE.(TO THE POINT)
May 31, 2002... MICHAELS STORES earned 29 cents in Q1, up 93% and 9 cents over raised forecasts. The arts and crafts retailer sees 6% same-store sales growth for May. ADELPHIA plans to sell some cable systems by Friday in a rush to raise cash to cut...

BUSINESS BRIEFS.(TO THE POINT)
May 31, 2002... FINANCE Merrill still most-read brokerage Even as Merrill Lynch battles charges its analysts touted stocks they privately scorned, most fund managers still chose to read its reports over others. The reason? Size matters. Merrill has...

BUSINESS BRIEFS.(TO THE POINT)
May 31, 2002... CONSUMER SAB buys Miller in $5.6 bil deal South African Breweries will pay $3.6 bil in stock and assume $2 bil in debt to acquire U.S. beer giant Miller Brewing, owned by Philip Morris. The deal follows months of talks. The combined...

BUSINESS BRIEFS.(TO THE POINT)
May 31, 2002... ENERGY FERC denies Calif. refund boost The federal energy agency rejected California's demand that it order wholesale electricity refunds of an additional $2.8 bil for a surge in prices during the state's power crisis. California's...

BUSINESS BRIEFS.(TO THE POINT)
May 31, 2002... RETAIL Panera sells off despite strong Q1 Panera Bread's earnings rose 71% to 35 cents a share, beating views by 3 cents. Sales grew 45% to $77 mil. Results were driven by strong average unit volumes, especially in new bakery-cafes....

THE ECONOMY.(TO THE POINT)
May 31, 2002... Fed data show sluggish recovery The Chicago Fed's National Activity Index for April was -0.22, the 22nd straight month in negative turf. Figures for March, which were first reported as positive, were revised to -0.31. The index is a...

IN BRIEF.(TO THE POINT)
May 31, 2002... Warner Bros. Records head Phil Quartararo is expected to leave soon, sources said. Departing Dynegy CEO Charles Watson will get at least $33 mil more in severance pay than if he had served out the eight months left on his contract. ...

NATION.(TO THE POINT)
May 31, 2002... Ceremony ends cleanup at WTC With the peal of a Fire Dept. bell and the departure of an empty stretcher to mark the missing, Sept. 11's unspeakable horror at the World Trade Center was remembered in a ceremony without words. The solemn...

WORLD.(TO THE POINT)
May 31, 2002... Intelligence sharing slipped back Information sharing among U.S., Russian and European agencies slipped after an initial surge after Sept. 11, Sen. Bob Graham, D-Fla., said in Berlin. After conferring with European officials, he said...

TRENDS & INNOVATIONS.(TO THE POINT)
May 31, 2002... Beautiful minds like mentally ill Creative people tend to share more personality traits with the mentally ill than with the majority of people, University of Stanford researchers said. The finding suggests that creativity and manic...

TRENDS & INNOVATIONS.(TO THE POINT)
May 31, 2002... Flowers are blooming weeks earlier in the spring due to rising temperatures, U.K. researchers said in the journal Nature. They said that's strong evidence global warming is changing biology. Insulin shots don't delay or prevent...

Going The Distance.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
May 31, 2002... Byline: Cord Cooper 5 Runner Steve Prefontaine routinely outdistanced competitors. Basketball player Pete Maravich became a scoring powerhouse. Though they both died young, they made the most of every moment, pairing extraordinary skill...

"Hoagy' Carmichael Had Drive Sound Of Success: Composer distilled the spirit of America in his songs.(LEADERS & SUCCESS)
May 31, 2002... Byline: DAN MOREAU Hoagland Howard "Hoagy" Carmichael loved music. He loved to play piano and write songs, sing them and perform them. But as a lawyer, he had to spend time building his practice, not fiddling with 88 keys. What to do?...

TECHBITS.(INTERNET & TECHNOLOGY)
May 31, 2002... Byline: Nick Turner Move Over, Alan Greenspan Marc Benioff says he has a pretty good handle on the changing economic times. He's CEO of Salesforce.com Inc., which helps firms manage salespeople over the Internet. That gives him...

Intuit Ready To Chase Bigger Businesses New Strategy, Services Intuit opens up software so that other developers can work with programs.(INTERNET & TECHNOLOGY)
May 31, 2002... Byline: JED GRAHAM For years, Intuit Inc. has dominated small-business accounting software. But it hasn't always shared in the success of its customers. As its customers grew larger, they'd often get too big to use the Mountain...

Net Retailer Goes Public, But Dot-Com Fever Isn't Catching On Again Overstock.com's Flat First Day Discount Web site hasn't turned a profit, but it's able to raise $39 million in IPO.(INTERNET & TECHNOLOGY)
May 31, 2002... Byline: PETE BARLAS Overstock.com Inc. didn't wow investors with its initial public offering Thursday. But it didn't crash and burn. And for the first online retailer to go public since 2000, that's saying something. Overstock,...

Commerce Department Data Show Online Sales Up 19% From Year Ago Travel is "Superstar' Category Separate report released by comScore shows tickets, office supplies as big sellers.(INTERNET & TECHNOLOGY)
May 31, 2002... Byline: BRIAN DEAGON Consumers increasingly view the Internet as an acceptable alternative to shopping at malls. But online buying is still just a tiny slice of total retail sales. Consumer purchases of goods through the Internet...

IGN Hoping To Be Video Game Player A New Business Model The company formerly known as Snowball.com is still seeking revenue.(INTERNET & TECHNOLOGY)
May 31, 2002... Byline: PETE BARLAS The new game on the Internet is paid subscriptions. IGN Entertainment Inc. hopes to become a player. IGN, one of the leading sellers of video game industry news on the Net, recently revealed plans to revamp its...

AMA Issues Guidelines For Information Technology Use.(INTERNET & TECHNOLOGY)(Q & A)
May 31, 2002... Byline: DONNA HOWELL It isn't business as usual in medicine. New information technologies and new rules have deluged the field. Dr. Richard Corlin leads a group trying to give doctors a clear path through it all. He's president of the...

RALCORP HOLDINGS INC. St. Louis, Missouri Food Maker Cuts Costs To Fatten Bottom Line But More Can Be Done Unit that makes sauces, other goods needs better efficiencies, analysts say.(THE NEW AMERICA)
May 31, 2002... Byline: KIRK SHINKLE When you earn your keep selling discount cereal and snacks, every penny counts. That's especially true during a recession, when bargain-hunting consumers put pressure on food suppliers to keep prices...

HARRAH'S ENTERTAINMENT INC. Las Vegas, Nevada Gaming Firm Brings Vegas To Jersey Shore.(THE NEW AMERICA)
May 31, 2002... Byline: MARILYN ALVA If the people won't go to Vegas, the next best thing is to bring Vegas to them. That's what the folks at Harrah's Entertainment Inc. are doing. Last week, the gaming company opened what it called the first Las...

AFTER MARKET Online Payment Firm Clocks New High.(THE NEW AMERICA)
May 31, 2002... PayPal notched a new intraday high and rose 30 cents to 29.30 on above-average volume. The stock has more than doubled since its Feb. 15 IPO at $13 a share. The company's software helps merchants make and receive payments online. It posted a...

KEY FUND HOLDINGS.(MUTUAL FUNDS)
May 31, 2002... Key Fund Holdings / Radian Group and Tyson Foods were top holdings of One Group Mid Cap Value Fund in its latest reporting period. Radian's earnings rose 22% and 16% the past two quarters. Wall Street expects net to rise 12% this year and 12%...

Investors Back Off Stock Fund Purchases April Flow Slows To $11.8 Bil.(MUTUAL FUNDS)(FUND FLOWS)
May 31, 2002... Byline: DAN MOREAU Mutual fund investors were undecided in May. Some major fund families reported strong cash flow into stocks, while others had outflow. That follows a slowdown in April, when stock fund inflow dropped 60% to $11.76...

Gold And Japan Funds Lead Returns For May Small Caps Take A Breather Dollar weakness is a factor in boosting total returns for funds investing abroad.(MUTUAL FUNDS)
May 31, 2002... Byline: CLAIRE MENCKE A quick glance at leaders in May's fund performance tables might make you think the investment story was anywhere but the U.S. and anywhere but stocks. Not so, at least one U.S. stock fund manager says. But you...

Change The Signals.(ISSUES & INSIGHTS)(EDITORIALS)
May 31, 2002... Security: It makes sense to reorganize the FBI, the government agency most embarrassed by Sept. 11. But it needs freedom of action even more. The Federal Bureau of Investigation may have had a shot, not once but several times, at blowing...

Ostrich Diplomacy.(ISSUES & INSIGHTS)(EDITORIALS)
May 31, 2002... Terror: Denial ain't just a river in Egypt. Judging from the conclusions of a new federal terror report, it rushes through Foggy Bottom like a flood. Our State Department just released its 22nd annual "Patterns of Global Terror" report....

FACT BOX.(ISSUES & INSIGHTS)
May 31, 2002... ON THIS DAY In 1961, a million French men and women lined the streets of Paris as President Kennedy arrived for talks with President Charles de Gaulle. Many wanted glimpses of the elegant American first lady with the French heritage,...

LETTERS.(ISSUES & INSIGHTS)
May 31, 2002... Best Place To Be Sick Regarding "Why For-Profit Hospitals Thrive While Nonprofits Wither Away" (1A, May 16), hospitals across the nation share the same set of issues, whether large or small, for- or nonprofit. But small hospitals...

If Stocks, Profits Are Falling, Why Is CEO Pay Going Up?(ISSUES & INSIGHTS)(PERSPECTIVE)
May 31, 2002... Byline: TOM GRAY With business sagging, stock prices skidding and Wall Street questioning your numbers, running a big corporation may not be quite the fun it used to be. But it's still hard to beat the pay. By any standard, 2001 was...

THE REAL MOST ACTIVE Retail, Auto Firms Decline On Volume.(MAKING MONEY)
May 31, 2002... Byline: CRAIG SHAW The Dow turned a 1.2% intraday decline into a 0.1% loss Thursday as blue chips and energy stocks declined. The S&P 500 dropped 0.3%. Specialty retailers had another bad session. Prudential Securities cut AnnTaylor...

Market Stems Its Decline,But Leading Stocks Falter.(GENERAL MARKET & SECTORS)(THE BIG PICTURE)
May 31, 2002... Byline: CHRIS GESSEL The market recovered from an FBI terror alert Thursday. But more than a few leading stocks stayed down after taking some hard hits. The big averages had modest gains to small losses around 11:40 a.m. EDT. Then...

Roof Shingle Maker Restores EPS Growth.(B)(NYSE STOCKS IN THE NEWS)
May 31, 2002... Byline: Craig Shaw Elcor Corp. is working on a handle after shaping an 18-week double-bottom base. Volume has dried up nicely in the four weeks of its handle. Watch for it to surpass its pivot point of 27.46 on strong volume. ...

THE REAL MOST ACTIVE Nasdaq Rebounds, But Leading Retailers Don't.(B)
May 31, 2002... Byline: JULIE HUYNH The Nasdaq rose 0.46% Thursday, recouping losses of earlier in the day. Volume was the heaviest this week. Kroll rose 0.83 to notch a new high of 22.93 on triple its usual trade. The corporate security firm has...

Hospital Firm Thrives In Regional Markets.(B)(NASDAQ STOCKS IN THE NEWS)
May 31, 2002... Byline: David Saito-Chung and Julie Huynh Province Healthcare has been building a long base after setting its high of 28.42 in December 2000. The firm owns or leases 19 acute care hospitals in 12 states. It focuses on what it calls...

Study Your Own Trading History.(SERIES: INVESTOR PSYCHOLOGY)(A)(INVESTOR'S CORNER)
May 30, 2002... Byline: DAVID SAITO-CHUNG Investor Psychology: Fourteenth In A Series "I'll never get the results I want." "The market has always been unfair to me." "I know I can do so much better, but how?" Have you ever felt this way?...

Ashcroft, FBI Director Outline Bureau Shifts To Fix Sept. 11 Failings Deter Attacks, Espionage Those are top priorities; agency insists it can still handle traditional tasks.(A)
May 30, 2002... Byline: THE ASSOCIATED PRESS The FBI will undergo a wholesale reorganization of its "structure, culture and mission" to better cope with threats against the U.S., Attorney General John Ashcroft said. Ashcroft and FBI Director Robert...

Lowe's Looks Like The Grower, And Home Depot's The Slower Investors punish latter as its management team shifts, tightens controls.(A)(COMPANIES IN THE NEWS)
May 30, 2002... Byline: KATHARINE STALTER Growth matters. A lot. That's the message investors sent after retailers Lowe's and Home Depot reported first-quarter gains last week. Both showed solid earnings growth and healthy same-store sales...

IBD'S TOP 10.(A)
May 30, 2002... FBI Revamps Anti-Terror Efforts 1It will reorganize, shifting hundreds of agents from crime-fighting to counter-terrorism. A CIA agent will head the new Office of Intelligence. The CIA will help the FBI upgrade analysis. FBI Director...

AFTER THE CLOSE.(TO THE POINT)
May 30, 2002... HERLEY'S Q3 EPS rose 47% to 22 cents, a cent over views. The defense electronics firm's sales rose 16% to $23.5 mil. CACI INT'L expects to meet Wall Street's Q1 profit estimates but beat full-year views. The company provides tech services...

BUSINESS BRIEFS.(TO THE POINT)
May 30, 2002... MEDIA Adelphia dives on L.A. sale rumor Adelphia fell 42% to 1.16. The cable company named dissident investor Leonard Tow to its board late Tuesday. Moody's warned bankruptcy was possible. Adelphia is said to be in talks to sell some...

BUSINESS BRIEFS.(TO THE POINT)
May 30, 2002... ACCOUNTING Andersen document policy at issue Andersen's team worked hard to convince jurors the accounting firm's record-keeping was sound and not intended to destroy compromising Enron documents. Andersen attorney Rusty Hardin...

BUSINESS BRIEFS.(TO THE POINT)
May 30, 2002... TECHNOLOGY Chip gear off on Novellus silence The chip-gear firm late Tuesday upped Q2 targets for earnings, orders and shipments. But Novellus had nothing to say about the 2nd half, worrying investors betting on a rebound. A lot of...

BUSINESS BRIEFS.(TO THE POINT)
May 30, 2002... ENERGY SEC probing Halliburton books The oil services firm said the SEC is looking into how it accounted for cost overruns on construction jobs. They include accounting changes Halliburton made in '98, published reports said. Vice...

THE ECONOMY.(TO THE POINT)
May 30, 2002... Weekly retail sales turn softer Memorial Day may have made people feel a little more patriotic, but it didn't seem to inspire them to open their wallets. The Instinet Redbook Average, which measures retail same-store sales, edged up 1.4%...

IN BRIEF.(TO THE POINT)
May 30, 2002... The end of KPNQwest may be near. Talks to sell all or part of the bankrupt Dutch telecom failed after banks cut off financing, sources said. Qwest is a big shareholder. Qwest will begin filing to re-enter the long-distance market in five...

NATION.(TO THE POINT)
May 30, 2002... Voting gaffes in Fla. unintentional Confusion and delays in three Florida counties, not intentional denial of voting rights, may have led to some voters leaving before they could vote in the 2000 presidential election, the Justice...

WORLD.(TO THE POINT)
May 30, 2002... Lost Mexico cyanide worries U.S. Seventy drums of sodium cyanide were found near a road in central Mexico. They apparently were part of a stolen shipment of 96 drums of the poisonous chemical. Six drums were still missing. Reports say...

TRENDS & INNOVATIONS.(TO THE POINT)
May 30, 2002... Few new OK'd drugs much better Just 15% of drugs OK'd in the last decade were novel chemicals the FDA deemed a big improvement, a study by the National Institute for Health Care Management said. The vast majority were similar to existing...

TRENDS & INNOVATIONS.(TO THE POINT)
May 30, 2002... A huge sea of ice lies just under the surface of Mars, ready for future explorers as fuel and maybe even drinking water, NASA scientists said. It also might harbor life. Broccoli is not just loaded with vitamins and minerals -- it may...

NEVER STOP LEARNING Need A Name Refresher?(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
May 30, 2002... Byline: Robin Grugal Second Of Two Parts 4 Recalling names and faces is an essential career tool that can lead to better jobs and higher salaries. But no amount of memory training is fail-proof. Sometimes, despite our best efforts,...

Nightingale Bucked Tradition Synonym For Success: The first professional nurse was dedicated to saving lives.(LEADERS & SUCCESS)
May 30, 2002... Byline: GLORIA LAU Obstacles for Florence Nightingale were like a steeplechase for horses. She'd run as fast and jump as high as needed to get to the finish line. Her first obstacle was at home. When she first told her mother...

Florence Nightingale.(LEADERS & SUCCESS)
May 30, 2002... Florence Nightingale Born: 1820 in Florence, Italy. Died: 1910 in England. Education: Trained as a nurse in Kaiserswerth, Germany, and Paris. Achievements: Considered one of health care's top reformers. Helped turn...

Sun Could Rise As Bigger Storage Seller Tying Sales To Servers Sun's server revenue is beginning to rebound,could boost storage sales.(INTERNET & TECHNOLOGY)
May 30, 2002... Byline: MURRAY COLEMAN Most computer makers are waiting for a turnaround. Included is Sun Microsystems Inc. The lumbering Silicon Valley giant appears to be in worse shape than most of its rivals. Sun's been hit by a rash of...

Bond Raters Fret That Vodafone Could Force Verizon To Buy Out Their Joint Venture Vodafone Holds A Put Option Analysts doubt Vodafone would ever use the option, but it's creating concerns.(INTERNET & TECHNOLOGY)
May 30, 2002... Byline: REINHARDT KRAUSE Will Vodafone Group PLC put the squeeze on wireless phone partner Verizon Communications Inc.? Probably not, says bond rater Fitch. But it's possible. And that worries Fitch and other credit-rating...

Nortel Plans New Cuts, With No Rebound Near For Fiber Optics Market More Layoffs, Selling Off Unit Company plans to unload fiber-optic gear business once valued at $50 billion.(INTERNET & TECHNOLOGY)
May 30, 2002... Byline: MIKE ANGELL The once red-hot market for fiber-optic gear keeps cooling as Nortel Networks Corp. plans more cuts to that line of business. Nortel, which saw spectacular growth in this field in the late 1990s, will cut more...

Digital River Banks On Belief That E-Commerce Waters Run Deep.(INTERNET & TECHNOLOGY)(Q & A)
May 30, 2002... Byline: MURRAY COLEMAN When it comes to outsourcing, Digital River Inc. says it has a unique application. By focusing on e-commerce, the Eden Prairie, Minn.-based service firm has signed up 32,000 corporate clients. Digital River...

Southern Wine's Sales Staff Imbibes Wireless System.(INTERNET & TECHNOLOGY)
May 30, 2002... Byline: SARAH Z. SLEEPER Worries about the economy might be prodding some people to drink more. But that's not the big reason Southern Wine & Spirits Inc., the nation's largest liquor distributor, has seen a sales uptick over the last...

MONACO COACH CORP. Coburg, Oregon Need A $1 Million RV? Give This Firm A Call Or You Can Spend Less Either way, luxury's king at this company. That's a good strategy these days.(THE NEW AMERICA)
May 30, 2002... Byline: AMY REEVES So you've made your bundle on the stock market and you're ready to retire. Since you like the outdoors, you're thinking of getting a recreational vehicle. How about spending a cool million on a 45-foot number with...

NEW AMERICA REVISITED Latest Purchase Helps Supplier Add New Gear.(THE NEW AMERICA)(NEW AMERICA REVISITED)
May 30, 2002... Byline: FROM IBD NEWS SERVICES Defense contractor United Defense Industries Inc. (New America, March 20) on Tuesday announced plans to buy United States Marine Repair Inc., which provides non-nuclear ship repair services. The $316...

STATEN ISLAND BANCORP INC. Staten Island, New York Community Bank Is Out To Defy Convention Rapid Growth Is Its Trademark Mortgage banking unit lets this firm take advantage of low rates to lift the top line.(THE NEW AMERICA)
May 30, 2002... Byline: STEVE WATKINS You wouldn't expect high-flying growth from a community bank. But Staten Island Bancorp Inc. isn't your typical local bank. It runs 33 branches -- 19 in New York City and 14 in New Jersey -- and has $6.2 billion...

Going A Long Way To Protect Money TAXES Some seek refuge in offshore accounts, but such moves can trigger IRS volleys.(SERIES: INVESTMENT ADVISERS)(IBD SPECIAL REPORT)
May 30, 2002... Byline: PAUL KATZEFF Want to earn lots of money and not pay taxes on it? Consider setting up an offshore tax shelter. Done right, shelters are legal. But they're expensive, tricky and bound to attract the ire of the Internal Revenue...

Former Hockey Standout Stan Mikita Hopes To Reach His Goals PROFILE Ex-Blackhawk wasn't scoring on his own, so he sought a big assist.(SERIES: INVESTMENT ADVISERS)(IBD SPECIAL REPORT)
May 30, 2002... Byline: PAUL KATZEFF Stan Mikita was known for his aggressive style of play, which enabled him to become one of the National Hockey League's highest scorers. He was elected to the Hockey Hall of Fame in 1983. But the one-time Chicago...

Finding Help Amid A Field Of Investing The more money that's out here, the more advice sprouts up to get it to grow HIGH HOPES.(SERIES: INVESTMENT ADVISERS)(IBD SPECIAL REPORT)
May 30, 2002... Byline: PAUL KATZEFF From his office in Des Moines, Iowa, Don DeWaay helps clients with a range of financial decisions as wide as the state's endless fields of corn. The main tasks are investment management, coping with taxes and...

Bear? Some Investors Still Say Bull GROWTH Money managers stress patience and sectors with pricing power.(SERIES: INVESTMENT ADVISERS)(IBD SPECIAL REPORT)
May 30, 2002... Byline: DAVID SAITO-CHUNG After sellers slammed the market like a tsunami in 2000- 01, the market's recovery has been no easy cruise. But some pro managers well-versed in IBD's strategies are making headway. After two straight down...

What Defines Investment Advisers? THE RULES They need credentials, but it sure helps to have experience, good record.(SERIES: INVESTMENT ADVISERS)(IBD SPECIAL REPORT)
May 30, 2002... Byline: MARILYN ALVA Buy tulips. Invest in plastics. Load up on dot-coms. Take the long view. Go short. Sell now. Investment advice has been around longer than any of us. If you leave out the tipsters such as your best friend's...

As Clients Bear Down, Advisers Look Up.(SERIES: INVESTMENT ADVISERS)(IBD SPECIAL REPORT)
May 30, 2002... Byline: MARILYN ALVA Some investment advisers still get breathless when they recall, verbatim, part of a speech by Merrill Lynch & Co.'s Stanley O'Neal at a securities industry conference in Boca Raton, Fla., in November 2000. The...

These Advisers Look Long For Answers To Help Clients Q & A Babson & Co. takes on questions for investors with at least $2 million.(SERIES: INVESTMENT ADVISERS)(IBD SPECIAL REPORT)
May 30, 2002... Byline: KEN HOOVER Rich people are different. For one thing, there are financial planners just for them. America has more rich people than ever, thanks to the 1990s boom. So taking care of their money is one of the fastest-growing...

While Investors Desire More Money, They Often Want Handholding Too RELATIONSHIP Advisers have a hand in taxes, retirement, even children's investments.(SERIES: INVESTMENT ADVISERS)(IBD SPECIAL REPORT)
May 30, 2002... Byline: CLAIRE MENCKE Confused and discouraged by markets that made their portfolios shrink, many investors think of turning from do-it-yourself to professional money management. At the least, an adviser's or planner's help seems...

Where Can Investors Look For Trusted Money Advice? THE HUNT Some listen to friends, relatives, colleagues on their way to money help.(SERIES: INVESTMENT ADVISERS)(IBD SPECIAL REPORT)
May 30, 2002... Byline: DAN MOREAU A survey in early 2002 by the Certified Financial Planner Board of wealthy individuals found only a third of those questioned believed they needed financial advice and sought it. Of the interested investors, a...

KEY FUND HOLDINGS.(MUTUAL FUNDS)
May 30, 2002... Key Fund Holdings / Aflac and Shaw Group were top holdings of Security Ultra Fund in the latest reporting period. Aflac's stock is 15% below its 52-week high of 35.24. Earnings rose 10% and 9% the past two quarters. Analysts predict that net...

SEC Chief Pitt Still Sticks To Agenda "Fires' Won't Derail Plans Top concerns include accounting reform, faster disclosure, hedge funds.(MUTUAL FUNDS)
May 30, 2002... Byline: CLAIRE MENCKE When he was named SEC chief in August, Harvey Pitt was a man with a plan -- to use government to serve investors' needs better. Not long into his tenure, the real world intruded in a big way. The Enron crisis...

THE REAL MOST ACTIVE Recovery Concerns Hurt NYSE Indexes.(MAKING MONEY)
May 30, 2002... Byline: CRAIG SHAW The Dow fell 0.6% Wednesday on heavier volume as concerns grew about the timeline for a recovery. The S&P 500 lost 0.6%. Several specialty retailers were hit by downgrades. AnnTaylor Stores fell 1.25, or 4.1%, to...

Energy, Tech Woes Cause Another Distribution Day.(GENERAL MARKET & SECTORS)(THE BIG PICTURE)
May 30, 2002... Byline: CHRIS GESSEL AND JONAH KERI The market's confirmed rally unraveled a little more Wednesday. Stocks retreated in higher volume, the second straight day of distribution for the market. The Nasdaq slid 1.7%, the Dow and S&P 500...

Auto-Parts Retailer Shows EPS Strength.(B)(NYSE STOCKS IN THE NEWS)
May 30, 2002... Byline: Craig Shaw AutoZone broke out of a six-month base on triple normal volume May 23. It pulled back on lighter trade the past two days, but still sits above its pivot point of 80.10. The auto-parts retailer's earnings have grown...

THE REAL MOST ACTIVE Retailers, Techs Sell Off As Nasdaq Sinks Again.(B)
May 30, 2002... Byline: JULIE HUYNH The Nasdaq composite slipped 1.7% on heavier trade Wednesday for its third straight day of losses. Mentor Graphics gapped down 1.15 to 16.05 on nearly six times its typical trade. The electronic hardware and...

Medical Lab Tester Keeps Profit Flowing.(B)(NASDAQ STOCKS IN THE NEWS)
May 30, 2002... Byline: David Saito-Chung and Julie Huynh Since notching a peak of 72.05 on April 16, Dianon Systems has been correcting the past seven weeks. The firm tests blood, tissue, cell and urine samples for signs of cancer and genetic...

Look Deeper Into Overall Ratings.(THE SMART INVESTOR)(INVESTORS.COM CORNER)
May 30, 2002... The Overall Rating in IBD's Stock Checkup at investors.com serves as a good starting point to help identify stocks with strong potential. Dozens of performance factors are boiled down, giving a quick, comprehensive read on a stock's health....

NO TIME, NO PROBLEM.(THE SMART INVESTOR)
May 30, 2002... In just 15 minutes a day, IBD keeps you on top of the market. Scan Internet & Technology and The New America for promising companies. Then turn to the NYSE and Nasdaq Where The Big Money's Flowing. Focus on the boldfaced market-leading...

IBD'S 20 RULES FOR INVESTMENT SUCCESS.(THE SMART INVESTOR)
May 30, 2002... A vital point is these rules are not based on our personal opinion, our beliefs or those of Wall Street's analysts and experts. Investor's Business Daily built models of the most successful stocks and investors of the last half-century. We...