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IN BRIEF.(TO THE POINT)

Investor's Business Daily

| December 03, 2004 | COPYRIGHT 2004 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Cogent Systems fell 7% to 31.99 after JPMorgan downgraded the provider of automated fingerprint ID systems to neutral from overweight on valuation and the loss of 2 U.S. government contracts to rivals.

KB Home is raising its cash dividend 50% to $1.50, and will declare a 2-for-1 stock split in April, pending shareholder approval. Shares fell 2% to 88.55.

Kraft Foods authorized a new buyback program of up to $1.5 bil. The world's largest food company expects to complete its current $700 mil repurchase program by year-end. Shares rose 0.5% to 34.78.

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