Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
muel, did your read the private message i sent to you?
arkie
Archangle, Thanks
arkieboy
Archie, could you give me the URL address to the Pink Sheets?
Thanks
arkieboy
Dictionary Translate
http://www.dictionary.com/translate/
arkieboy
http://www.100topstocksites.com/
View 100 Top Sites in Other Categories at 100.Com
Please enter your e-mail:
100 Top Stock Sites
Stock Site Search:____
Submit Your Site: Editor@100.com ______ Advertise: Sponsors@100.com
. Official Stock Category Sponsor
Money (New Window)
Investment business magazine.
Get a free issue today!
--------------------------------------------------------------------------------
Yahoo! Finance (New Window)
Market news and stock reports.
Bloomberg.com (New Window)
One of the world's major business and investment news sources.
The Motley Fool (New Window)
Finance and folly from Tom and David Gardner.
INVESTools (New Window)
Provides a variety of investment tools and the latest financial news.
StockSmart (New Window)
Latest news and events affecting stock performance.
CNNfn (New Window)
CNN's financial news network.
Wall Street Journal (New Window)
Interactive edition of the national financial newspaper.
Holt Stock Report (New Window)
E-mail stock market report service.
MoneyCentral (New Window)
Market news and analysis from Microsoft.
Green (New Window)
Finance guide.
Money (New Window)
Online version of the investment business magazine.
Stocks at Wired (New Window)
Wired magazine's stocks and investment resource.
411Stocks (New Window)
Stock information at your fingertips 24 hours a day.
FundAlarm (New Window)
Mutual funds investment resource.
Mutual Fund Letter (New Window)
Monthly mutual funds newsletter.
Accutrade (New Window)
This electronic stock firm offers free quotes.
American Express Brokerage (New Window)
Comprehensive investment service provider.
Ameritrade Inc. (New Window)
Leading online investment service.
Barron's (New Window)
Weekly business magazine.
Alert-IPO! (New Window)
Comprehensive database of IPO information.
BigCharts (New Window)
Investment stock charts (US only).
Investorama (New Window)
A personal finance learning community.
BioTech Sage Report (New Window)
Medical and biotechnology investment newsletter.
Business Insight Magazine (New Window)
Business-to-business online magazine.
Data Broadcasting Corporation (New Window)
The nation's leading provider of real-time financial and market information to the individual investor.
Briefing.com (New Window)
Real-time stock quotes and in-depth commentary.
Brown & Company (New Window)
Details Brown & Company's investment services and fees.
Bullsession.com (New Window)
Provides real-time stock quotes and investment news.
BusinessWeek Online (New Window)
Weekly business magazine.
CNBC (New Window)
Up to date financial news.
Lycos: Companies Online (New Window)
Company profiles by Dun & Bradstreet
Individual.com (New Window)
Newswire and press release business search engine.
Company Sleuth (New Window)
Detailed information and stock analysis.
CyBerCorp (New Window)
Electronic trading software developer.
Datek Online (New Window)
Online trading firm.
Dun & Bradstreet (New Window)
Extensive and comprehensive business information.
DLJdirect (New Window)
Covering market data, news and trends.
DailyStocks.com (New Window)
A stock research site.
IPO.com (New Window)
Obtain quick and easy access to the most updated information on IPOs and emerging growth companies.
The Asian Wall Street Journal - Weekly Edition (New Window)
Asian business and investment news from the Wall Street Journal.
StockMaster.com (New Window)
Offers free access to quotes for stocks and mutual funds, charts, portfolio tracking, news headlines and more.
EagleWing Research Gold Funds (New Window)
Covering dozens of U.S .gold funds.
The Economist (New Window)
Well respected business and finance magazine.
Charles Schwab (New Window)
Charles Schwab's online service.
E*Trade (New Window)
One of the most popular online investment sites.
Forbes (New Window)
Investment and business magazine.
Freedom Investments Trading (New Window)
Commission-free investment firm.
Financial Times (New Window)
Online version of the successful finance newspaper.
FundLibrary (New Window)
Canadian-based mutual fund guide.
Individual Investor (New Window)
Serving up advice and strategies to the individual investor.
Inc. (New Window)
Business and investment magazine.
DTN InterQuote (New Window)
Real-time quotes for subscribers only.
InvestIN Securities (New Window)
Online investment brokerage.
InvestorGuide.com (New Window)
Online trading services comparison guide.
JavaTicker (New Window)
Real-time stock ticker.
JB Oxford & Company (New Window)
Traditional investment firm with restricted online trading.
JustQuotes.Com (New Window)
Stock quote search engine.
Morgan Stanley Dean Witter Online (New Window)
Member-only investment resource.
MAXfunds.com (New Window)
Mutual fund investment guide.
INO News (New Window)
Real time business news and market summaries.
Mutual Funds Magazine (New Window)
Comprehensive guide to mutual funds investment.
MoneyClub.com (New Window)
Provides stock news, analysis and investment tools.
Reuters Moneynet (New Window)
Regularly updated stock data and market research.
Morningstar.com (New Window)
Online stock portfolio management site.
NASDAQ (New Window)
Official site of the tech-heavy stock index.
NET Investor (New Window)
Discount online investment firm with a number of free investment tools.
Nikkei Net Interactive (New Window)
Convering Japan's major indexes and Asian financial news.
New York Stock Exchange (New Window)
Investment news and stock updates from the NYSE.
Fortune (New Window)
Sample of current issue and archive of older issues.
Fortune 500 (New Window)
Profiles of the top 1000 U.S. corporations.
PCQuote.com (New Window)
Real-time quotes for subscribers only.
BigPlayStocks.com (New Window)
"Home of the stock jock and his key indicators."
Merrill Lynch Online (New Window)
News and analysis resource for the individual investor.
Preferred Capital Markets (New Window)
Online stock trading service.
Walker Market Letter (New Window)
Mutual fund investment newsletter.
Quick & Reilly (New Window)
Offering services tailored to individual investment needs.
Quicken.com (New Window)
Comprehensive business, investment and finance resource.
Lycos Quote.com (New Window)
Business news, real-time stock quotes and more.
Reuters (New Window)
International business and news.
SF Gate (New Window)
Business news from the S.F. Chronicle and Examiner.
Standard & Poor's (New Window)
Stock market news and analysis.
Stockpoint (New Window)
Stock information resource.
Silicon Investor (New Window)
Comprehensive resource for stock market news, analysis and quotes.
Suretrade.com (New Window)
Online stock service.
Bob's Guide (New Window)
Technology investment factsheets.
TheNewsWire (New Window)
Electronic stock market updates.
Dreyfus Brokerage Services (New Window)
Online investment firm featuring company research and realtime quotes.
Avenir's (New Window)
Securities and futures trader resource.
TrustNet (New Window)
International mutual funds investment guide.
DownloadQuotes.com (New Window)
Check stock quotes from all over the world.
USA Today: Money (New Window)
Business and investment news from USA Today.
Wall Street City (New Window)
Investment news, analysis and more.
Worth (New Window)
Online version of the successful finance magazine.
Fidelity Investments (New Window)
Comprehensive investment news and trading resource.
Business Wire (New Window)
Business press release and profile resource.
Internet.com's Electronic Commerce Guide (New Window)
Latest e-commerce news and trends.
Kiplinger.com (New Window)
Business news and resource service.
PaineWebber (New Window)
Individual and corporate investment services.
123Jump (New Window)
Up-to-date market news.
OneShare.com (New Window)
The site which enables everyone to give stocks as a gift.
arkieboy
Archangle: Thanks Arkieboy
Archangle:
Investorshub needs to beef up their sight before it gets overloaded. It seems to be getting slower & slower to get
the pages to turn when alot of people are on their site.
I didn't know if you experienced it being slower yesterday
or not, but it was slower all day for me. I'm using a Hewlett
Packard w/98 & 56k.
Thanks
Arkie
"sergio702" Thanks for the great news. Sure wish you could have left the info about selling the 5.8% interest on your webpage.
Thanks
arkieboy
Archangle, on your update & keepers yesterday, would you say TSRG
is in your buying range or not?
Thanks
arkie
SEC Fines 28 Brokerage Firms $26 Million and Suspends 51 Individual Traders for Fraudulent Market-Making Activities in the Nasdaq Market Washington, DC, January 11, 1999 --
The Securities andExchange Commission today imposed civil penalties of more than$26 million on 28 broker-dealers and suspended 51 individualsfrom the industry for various lengths of time for numerous federal antifraud or other violations resulting primarily from market-making activities in the Nasdaq stock market. Richard H. Walker, Director of the Division of Enforcement said "These settlements effectively bring to a close the long-standing investigation of the Nasdaq market first begun by theSEC in 1994. The settlements require the firms to improve their trading policies and procedures, building upon other reformsalready implemented." Chairman Arthur Levitt said, "Thanks to effective leadership, today Nasdaq is stronger and better. The soundreforms implemented over the past several years and thecommitment to strong oversight greatly enhance investorprotections and reaffirm confidence in the Nasdaq market." The firms and individuals consented to a variety ofsanctions, including: civil monetary penalties totaling$26,302,500, disgorgement of wrongful gains totaling $791,525,suspensions or bars for the individual respondents, and cease anddesist orders
. All of the firms and individuals involved in thisaction settled the cases without admitting or denying thecharges. The SEC found that the firms had engaged primarily in one ormore of the following types of violations: (a) the coordinationof quotations and transactions by traders making markets inNasdaq stocks in violation of antifraud and fictitious quotationrules, (b) the intentional delay of trade reports, (c) other manipulative activity, (d) failure to honor quoted prices, (e)failure to provide customer orders with best execution, (f)trading as principal with advisory clients or discretionarycustomers without disclosure and consent, (g) failure to complywith the books and records requirements, and (h) failure tosupervise.
The sanctions on the broker-dealer respondents include: (a)civil monetary penalties, (b) disgorgement of wrongful gains,where appropriate, (c) cease and desist orders, and (d) in thecase of twenty-two of the broker-dealers, a review of theirpolicies and procedures relating to the areas of their violationsby an independent consultant to be appointed by the Commission. The sanctions on the individual respondents include: (a)suspensions or bars from the securities industry, (b) civilmonetary penalties, (c) cease and desist orders, and (d) disgorgement of wrongful gains, where appropriate. Details of the Commission's actions, including the names ofthe firms and individuals and the respective penalties assessed,are identified in the Commission's order, which is available at:www.sec.gov.
The SEC acknowledges the assistance of the NASD in thesecases. # # # SECURITIES AND EXCHANGE COMMISSION Washington, D.C.ADMINISTRATIVE RELEASE, January 11, 1999SECURITIES EXCHANGE ACT OF 1934Release No. 34-40900In the Matter of Certain Market Making Activities on Nasdaq,Administrative Proceeding File No. 3-9803 The Securities and Exchange Commission today announced theinstitution of administrative proceedings against 28 broker-dealers and 51 individuals who worked at those broker-dealers forvarious antifraud violations and other violations of lawresulting primarily from market making activities in the Nasdaqstock market. The respondents are identified on the attachedlist. The respondents have simultaneously consented, withoutadmitting or denying the Commission's findings, to the entry ofOrders which impose civil monetary penalties totalling$26,302,500, disgorgement of wrongful gains totalling $791,525,suspensions or bars for the individual respondents, cease and desist orders and other sanctions.
The Orders found that therespondents had engaged primarily in one or more of the followingtypes of violations: (a) the coordination of quotations andtransactions by traders making markets in Nasdaq stocks inviolation of antifraud and fictitious quotation rules, (b) the intentional delay of trade reports, (c) other manipulativeactivity, (d) failure to honor quoted prices, (e) failure toprovide customer orders with best execution, (f) trading asprincipal with advisory clients or discretionary customerswithout disclosure and consent, (g) failure to comply with thebooks and records requirements, and (h) failure to supervise.
The sanctions on the broker-dealer respondents include: (a)civil monetary penalties, (b) disgorgement of wrongful gains,where appropriate, (c) cease and desist orders, and (d) in thecase of twenty-two of the broker-dealers, a review of their policies and procedures relating to the areas of their violationsby an independent consultant to be appointed by the Commission. The sanctions on the individual respondents include: (a)suspensions or bars from being in the securities industry, (b)civil monetary penalties, (c) cease and desist orders, and (d)disgorgement of wrongful gains, where appropriate. The Commission issued two different but related types ofOrders in this proceeding. The Order Instituting Proceedingsprovides a broad discussion of the various types of unlawfulconduct that occurred in 1994 in connection with market making bythe respondents in the Nasdaq market.
In addition, specificOrders Making Findings and Imposing Sanctions were separatelyissued for each broker-dealer respondent and the individualrespondents, usually traders, who worked at that particular broker-dealer. Each Order Making Findings and Imposing Sanctionsdescribes the extent to which any particular respondent engagedin the types of unlawful conduct described in the OrderInstituting Proceedings. The types of violative conduct found bythe Commission include the following:
1.Market Manipulation. Market makers coordinated the entry of bid and/or ask quotations into the Nasdaq system for the purpose of artificially affecting the market price of a particular security in order to obtain an unfair trading advantage for the participating market makers. These undisclosed arrangements typically involved one market maker requesting another market maker to move its quotations in a manner that changed the inside spread or disadvantaged customers or other market participants. Such coordinated activity violated the antifraud provisions of Section 15(c)(1) of the Exchange Act and Rule 15c1-2 thereunder, and the prohibition on the entry of fictitious quotations provided in Section 15(c)(2) of the Exchange Act and Rule 15c2-7 thereunder.
2. . Another type of misconduct involved undisclosed arrangements between market makers to coordinate the entry of quotations that did not have a manipulative impact. In many instances, this activity was intended to paint a deceptive picture of market conditions, or induce another market participant into buying or selling at an artificial price. Although the Commission did not find that, in these instances, there was any manipulative impact, such as a change in the inside market, or harm to a customer or other market participant, such conduct violated the rules prohibiting undisclosed coordinated quotations. In other instances, one market maker would enlist another market maker to disseminate a quotation to buy or sell Nasdaq stocks on its behalf, such as a request to the second market maker to join the existing inside bid or ask, or create a new inside market price, in the hopes of buying or selling stock. These undisclosed arrangements violated the prohibition on the entry of fictitious quotations provided in Section 15(c)(2) of the Exchange Act and Rule 15c2-7 thereunder.
3. The Intentional Delaying of Trade Reports. In a number of instances, market makers intentionally delayed reports of significant trades to the Nasdaq market. The purpose of delaying these trade reports was to provide the relevant trader with an unfair informational and trading advantage over other market participants. The failure to properly report trades in such cases violated the antifraud provisions of Section 15(c)(1) of the Exchange Act and Rule 15c1-2 thereunder.
4. Other Market Maker Misconduct . Market makers engaged in other manipulative activity which did not involve arrangements for the entry of quotations. This activity involved transacting with other market makers that were quoting the inside bid or inside ask, for the specific purpose of altering the inside market prices where customer orders were executed, which resulted in a worse price for the customer (or for another market participant, in some instances). Such conduct improperly benefitted the market maker and harmed the interests of its customer (or another market participant), in violation of the antifraud provisions of Section 15(c)(1) of the Exchange Act and Rule 15c1-2 thereunder.
5. Best Execution ViolationsIn a number of instances, Nasdaq market makers failed to provide best execution for their customers' orders. These instances involved a market maker deliberately favoring its own interests, or those of a cooperating market maker, over the interests of its customers, such that the customer did not receive the most favorable price reasonably available under the circumstances. This violated the antifraud provisions of Section 15(c)(1) of the Exchange Act and Rule 15c1-2 thereunder.
6. Failure to Honor QuotationsB. Another type of misconduct was the failure by market makers to honor their Nasdaq quotations in various instances. In these instances, the market makers did not honor their quotations because they did not like the trading practices of firms that presented the orders or because of other improper reasons, in violation of the Commission's firm quote rule (Exchange Act Rule 11Ac1-1, 17 C.F.R. 240.11Ac1-1).
7. Failure to Keep Accurate Books and Records. In many instances, market makers failed to create or maintain records of their trading activity, particularly with respect to the terms and conditions of customer orders, or the times of entry or execution of such orders. These failures violated the recordkeeping requirements of 17(a) of the Exchange Act and Rules 17a-3 and 17a-4 thereunder . 8. Failure to Reasonably Supervise Nasdaq Trading. Most of the respondent firms failed to reasonably supervise traders and other persons involved in transactions in Nasdaq stocks. Most of the respondent firms did not prescribe procedures or guidelines for their traders or supervisors concerning the potential problems of discussing quotations with traders at other firms. Other respondent firms had inadequate procedures in this regard. In addition, most respondent firms had no procedures or guidelines for supervisors to review activities of traders for potential coordination or collaboration with respect to quotations.
Other respondent firms had inadequate procedures or guidelines for such supervisory reviews. Certain respondent firms relied on their head Nasdaq trader to perform much or most of the supervisory function without effective oversight of the head trader's activities. This proved to be a flaw in the supervisory structure in some instances when the head trader engaged in one or more of the violations of the federal securities laws found by the Commission in these proceedings to have occurred. Further, certain respondent firms did not provide their Compliance Departments with resources adequate to perform their assigned responsibilities relating to trading in the Nasdaq market. The complexities of the Nasdaq market and trading in Nasdaq stocks will often require, at firms with sizeable Nasdaq trading departments, a substantial commitment of compliance resources. In addition, the Orders Making Findings and Imposing Sanctions asto a few specific firms made findings of certain other unlawfulconduct in 1994, as is described below:
a. Improper DSPG Trading. PaineWebber, Inc., S.G. Cowen & Co., CIBC Oppenheimer Corp., and Herzog, Heine, Geduld, Inc., and certain of their employees engaged in manipulative conduct involving the stock of DSP Group, Inc. ("DSPG"). Certain traders at these firms engaged in quote coordination and other collaborative conduct involving DSPG stock on various days over a period of several months. In the manner and to the extent described in the applicable Order Making Findings and Imposing Sanctions, they artificially depressed prices in order to enable PaineWebber or Cowen to purchase stock more cheaply from customers or others, and artificially elevated prices in order to enable PaineWebber or Cowen to sell at higher prices to customers or others. Among other things, a PaineWebber registered representative and certain of its traders failed to fulfill their obligation of best execution for certain customer orders, in order to enhance the profits and compensation obtained from executing these orders.
This conduct violated the antifraud provisions of Section 10(b) of the Exchange Act and Rule 10b- 5 thereunder. b. Section 15(f) Charge. J.P. Morgan Securities, Inc. ("J.P. Morgan") violated Section 15(f) of the Exchange Act. This provision requires that a registered broker-dealer establish, maintain and enforce policies and procedures reasonably designed to prevent the misuse of material nonpublic information. A J.P. Morgan Nasdaq trader accumulated approximately 100,000 shares of Perrigo Company ("Perrigo") after learning that J.P. Morgan investment bankers working for Perrigo were analyzing a potential stock buyback by Perrigo as a means to enhance its stock price. Perrigo subsequently decided not to proceed with a buyback and the trader sold this position without profiting from his knowledge of the consideration of a buyback. J.P. Morgan's then existing policies and procedures were deficient in not requiring any consultation with the Compliance Department or legal personnel before the trader bought this position under these circumstances. c. Principal Trading with Advisory Clients and Discretionary Customers. Legg Mason Wood Walker, Incorporated ("Legg Mason") violated Section 206(3) of the Investment Advisers Act of 1940 ("Advisers Act") by engaging in indirect principal transactions with its advisory clients, and violated the antifraud provisions of Section 15(c)(1) of the Exchange Act and Rule 15c1-2 by engaging in indirect principal transactions with its discretionary customers.
These provisions prohibit a broker-dealer from trading as principal with its advisory clients and discretionary customers, without certain disclosures to them and their consent. In executing certain orders to transact stocks for the account of advisory clients and discretionary customers, Legg Mason delivered the order to another market maker, purportedly on an agency basis. Legg Mason then simultaneously arranged to trade itself with the other market maker the same amount of the same stock, such that it indirectly filled the customer's order. The customer confirmation inaccurately indicated that Legg Mason acted in an agency capacity in the transaction. This arrangement gave Legg Mason the potential to make a trading profit from the orders of advisory and discretionary clients, or to dispose of an unwanted inventory position, in violation of the previously cited provisions.The Commission acknowledges the assistance of the NationalAssociation of Securities Dealers, Inc. in the investigation.
Respondent Firms and IndividualsBear Stearns & Co., Inc. and Philip D. ZeiferCantor Fitzgerald & Co.S.G. Cowen Securities Corp., Kennedy M. Buckley, David D. Dube,Peter M. Gilfillan, John P. Mottes and Richard S. StrieflerCS First Boston Corp.Dean Witter Reynolds, Inc.Donaldson, Lufkin & Jenrette Securities Corp. and Lawrence H.KurtzGruntal & Co., L.L.C.Hambrecht & Quist LLC and Edward L. AlbertHerzog, Heine, Geduld, Inc., Ronald F. Cullen, Jr. and BradleyZipperJ.P. Morgan Securities, Inc., Donald A. Dunworth, Mark A.Gallagher and David J. MottesJefferies & Company, Inc.Legg Mason Wood Walker, IncorporatedLehman Brothers Inc.Mayer & Schweitzer, Inc., Robert Burns and Christopher D. ColganMerrill Lynch, Pierce, Fenner & Smith IncorporatedMorgan Stanley & Co., Inc., Peter W. Ferriso, Jr. and Robert S. RanzmanOlde Discount Corp., Jack G. Monopoli, Frank W. Schwarz, III, andJohn F. Watson, Jr.CIBC Oppenheimer Corp. and William G. Clark, Jr.PaineWebber Inc., Richard A. Bruno, Peter F. Comas, Robert D.Coppola, Gerard Kane, Joseph J. Palma, Arthur A. Raiola, JosephH. Raiola and Reuben G. TaubPiper Jaffray Inc. and Stacey R. RickertPrudential Securities Inc., Michael T. Burke, Jr., Joseph G.Candela and Robert D. SprotteRaymond James & Associates, Inc., Thomas J. Dudenhoefer andTimothy J. KaneThe Robinson-Humphrey Company, LLCSalomon Smith Barney Inc. (as successor to Salomon Brothers Inc)Salomon Smith Barney Inc. (formerly known as Smith Barney Inc.),Glenn Y. Blitzer, Barry J. Dusti and George C. Ross, Jr.Sherwood Securities Corp., Brian J. Deegan, Richard M. Marino,Edward G. Schmitz and David M. ZitmanSpear, Leeds & Kellogg, L.P. (by virtue of the activities of itsTroster Singer division), Michael J. Ling, James P. Morris, JohnJ. Quigley and Eric J. ScherzerTucker Anthony Inc.Warburg Dillon Read, LLC, Michael R. Antolini, Steven D. Murphy,Joel I. Zweig and David S. RothmanWilliam P. Heenan
arkie
Find News/Articles about anything at this Website also
http://www.google.com/
OZON.OB CYCLOPSS Granted Food Disinfection Patent
0.13
+0.02
Monday March 26, 8:17 am Eastern Time
Press Release
CYCLOPSS Granted Food Disinfection Patent
SALT LAKE CITY--(BW HealthWire)--March 26, 2001--CYCLOPSS Corp. (OTCBB: OZON - news) Monday announced that it has been granted a broad patent by the U.S. Patent and Trademark Office for the use of highly effective ozonated water and organic surfactants for sanitizing and disinfecting foods.
``This patent could very well be the most valuable proprietary intellectual property we have developed to date,'' said Dr. Durand Smith, director of R&D at Cyclopss. He continued, ``The pending FDA approval for the use of ozone in foods sanitizing and disinfection gives enormous weight to the value of this patent and the extraordinary potential we can expect as a result.''
Cyclopss has been working with various food producers for the last three years in developing several ozone processes for the disinfection of fresh fruits and produce, as well as poultry, fish and packaged foods. Earlier this month, Cyclopss had announced its acquisition of OxiDyn Inc., a North Carolina ozone technology and products company.
OxiDyn specializes in ozone sanitization systems used in the bottling and beverage industry by customers such as Pepsico, Dannon and Procter & Gamble (Sunny Delight).
John Winings, chief executive officer of OxiDyn, was appointed CEO of Cyclopss concurrent with the purchase.
He said, ``Replacing caustic liquid chemicals, baths and sprays with ozonated water and benign surfactants not only produces safer consumable products, but it eliminates the environmental dangers and costs currently associated with the disposal of those heavily chemically laden wastewaters.''
CYCLOPSS is a world leader in the development of environmentally friendly ozone technologies and applications that are used in the cleaning and disinfection of foods, laundry and surfaces for industry, as well as consumers.
--------------------------------------------------------------------------------
Contact:
Cyclopss Corp., Salt Lake City
William Stoddard, 801/972-9090
Fax: 801/972-9092
Have we bottomed out ????
Companies Hope Spring Cleaning Will Boost Stocks
By Chelsea Emery
Reuters
NEW YORK (March 25) - A slew of companies are expected to tell investors this week that they'll miss profit forecasts because of the soft economy.
Investors' likely response? Snapping up shares and sending stock market indexes higher, pundits said.
"This period reflects spring cleaning by a number of companies trying to get the skeletons out of their closets," said Ned Riley, chief investment strategist for State Street Global Advisors, which oversees $720 billion. "But portfolio managers are looking beyond that shock value. The ingredients for a bottom are here."
Some investors, taking their cues from last week's high trading volumes, are starting to sense the stock market can only go up from here.
The coming week marks one of the busiest periods for potential earnings "warnings," when companies announce they may not reach quarterly targets. Still, many investors said they already anticipated bad news, and they're jumping into some of the most beaten-down stocks.
Internet-equipment maker RadiSys Corp. said after the market closed on Thursday it would report a quarterly loss instead of an expected profit, citing a slowdown in orders. Shares jumped 4.4 percent on Friday.
"A lot's been factored in," said Coleen Barbeau, who helps manage about $800 million for Fiduciary Trust Co. International. "I'm getting the sense we're getting a base here."
Barbeau and Riley are among portfolio managers who are betting on a technology stocks rebound, which may have started last week.
The Nasdaq composite index closed up, ending a seven-week losing streak. The Dow Jones industrial average slumped as investors like Riley got busy selling defensive issues such as pharmaceutical and consumer-staple stocks to buy networking and semiconductor shares.
Still, future gains may be limited if comments by Federal Reserve Chairman Alan Greenspan this week suggest the Fed may not lower interest rates again before its next meeting. Some investors expect that a fourth cut may come soon to boost the economy and stocks.
Investors will also closely scrutinize earnings reports from retailer Walgreen Co., handheld-computer maker Palm Inc.and Cabletron Systems Inc., as well as consumer confidence data for indications of how quickly the economy is slowing.
Walgreen was expected to report on Monday, while Palm was expected on Tuesday and Cabletron, a holding company for telecommunications firms, was expected on Wednesday.
TOUCHING BOTTOM?
A myriad of technical and fundamental indicators suggest the market could be on its way back up.
For one, some stocks gained even after warning their quarterly results would miss forecasts. That's a sign most investors have already factored in the disappointment, traders said.
Corning Inc. and Jabil Circuit Inc. both said some results will be lower than forecast, yet their shares advanced.
About 70 percent of the 898 earnings forecasts for the first quarter have been negative so far, according to First Call/Thomson Financial. That's the highest percentage seen in the five years the market research firm has tracked such data. At this time last year, only 45 percent of such announcements were negative.
Extremely busy trading days can also indicate that the market is close to a bottom.
The New York Stock Exchange on Thursday had its third-busiest day ever. The volume indicated to some that most investors had given up and unloaded their stocks, believing there won't be a recovery any time soon.
But most of the selling is believed to be done, professional money managers may step in and begin hoisting indexes higher.
"Capitulation typically occurs on higher volume days so now even the Dow average may finally be close to hitting bottom," said Owen Fitzpatrick, head of equity group at Bankers Trust Private Banking, which oversees $9 billion in stocks.
Indeed, the Nasdaq index finished the week 2 percent higher at 1,928.68. ending a seven-week slump. By contrast, the Dow slid 3.2 percent for the week to end at 9,504.78, narrowly missing bear territory, defined as a 20 percent decline from its closing high.
The Dow average's decline is the final indication that true capitulation is here, some analysts said, giving them the heads-up to jump back into stocks.
"It's the final nail in the coffin," Riley said.
FED STILL IMPORTANT
Fed Chairman Alan Greenspan will address the National Association for Business Economics/Association for University Business Economic Research conference on Tuesday. Fed Governor Laurence Meyer will speak at Washington University in St. Louis on Wednesday, and Federal Reserve Bank of Cleveland President Jerry Jordan will appear at the Midwest Economic Association on Thursday in Cleveland.
Investors will comb the speeches for any signs of whether the Fed will cut rates for the fourth time this year before the central bank's open-policy committee's next meeting in May.
Investors will also watch for a report on consumer confidence on Tuesday. Confidence likely ticked down from the month before, showing consumers are feeling less secure about the state of the economy.
Another highlight: Friday's data on growth in personal income and consumption in February, which is expected to slow to 0.3 percent each, from more than 0.6 percent in January.
Friday March 23, 10:02 am Eastern Time
Press Release
e.Digital Music Player Products Featured At CeBIT
First Production-Level Internet Music Player Incorporating IBM's Microdrive Debuts at Europe's Largest IT Event in Hanover, Germany
SAN DIEGO--(BUSINESS WIRE)--March 23, 2001-- e.Digital Corporation (OTC:EDIG - news), a global provider of comprehensive digital product development and designs, announced today that the first production-level Internet music player design incorporating IBM's Microdrive(TM) is being featured in the IBM booth at the CeBIT trade show which runs through March 28.
Two of e.Digital's product designs will be featured by IBM's Storage Technology Division. The first is e.Digital's portable Internet music player design incorporating IBM's removable 340 MB Microdrive. The CeBIT demonstration marks the debut of a production-level Internet music player product using the removable Microdrive to store over six hours of typical Internet music files. The design is currently being marketed by e.Digital and Maycom, Co., Ltd. worldwide.
Also, e.Digital's HDD-based portable digital jukebox design, incorporating an embedded IBM Travelstar mobile drive will be on display. This jukebox design features a larger storage capacity, much smaller size, better audio quality, and a lower retail price tag than existing jukebox-type products available on the market today. Capable of holding over 2,000 songs, this design has been licensed by EASTECH and Remote Solution/HanGo and is also being marketed to consumers in the United States by Hy-Tek Manufacturing.
Fred Falk, president and CEO of e.Digital, said, ``We are proud to work with IBM in the development of these two designs that marry IBM's large-capacity storage solutions with our MicroCAM(TM) technology for portable devices. Our licensees are currently taking into production various versions of these designs. Presence in IBM's CeBIT booth boosts exposure for these designs to the international OEM community and hundreds of thousands of potential end users.''
``e.Digital is one of the first companies to incorporate the removable, 340 MB Microdrive into a portable entertainment product,'' said Michael Kuptz, Microdrive business line manager, IBM Storage Technology Division. ``e.Digital's use of the IBM Microdrive and Travelstar hard disk drive in their portable designs leads to larger-capacity, extremely portable products that benefit end users in the computing and entertainment markets.''
The two product designs will be on display through March 28 before a potential audience of 750,000 Information Technology industry professionals and press from 100 countries.
About e.Digital
e.Digital Corporation offers an engineering partnership for the world's leading electronics companies to link portable digital devices to PCs and the Internet. e.Digital develops and markets to consumer electronics manufacturers complete solutions for consumer products. Applications for e.Digital's technology include portable digital music players and voice recorders, desktop, laptop, and handheld computers, PC peripherals, cellular phone peripherals, e-books, video games, digital cameras, and digital video recorders. Engineering services range from the licensing of e.Digital's patented MicroOS(TM) and MicroCAM(TM) technologies to custom software and hardware development, industrial design and manufacturing services. For more information on the company, please visit www.edig.com.
Safe Harbor statement under the Private Securities Litigation Reform of 1995: This document contains forward-looking statements relating to future performance, technology and product development that may impact on future results and the future viability of the company. Actual results could be affected or differ materially from those projected in the forward-looking statements as a result of risk factors such as: future products and results; technological shifts; potential technical difficulties that could delay new products; competition; general economic conditions in the markets in which the company operates; the ability of the company, its customers, and suppliers to solve latent Year 2000 compliance issues; pricing pressures; and the uncertainty of market acceptance of new products by OEM's and end-user customers.
Note to Editors: e.Digital, MicroOS, and MicroCAM are trademarks of e.Digital Corporation. All other company, product, and service names are the property of their respective owners.
--------------------------------------------------------------------------------
Contact:
e.Digital Corporation
Robert Putnam, 858/679-1504
robert@edig.com
or
Fleishman-Hillard
(Media Relations for e.Digital)
Bridget Stachowski, 619/237-7717
stachowb@fleishman.com
"old blue", Is CBQI in the Pink Sheets?
Thanks
arkieboy
OT: muelhead: Do you think ABRG will move tomorrow since JH
put the PR on his website before the news was ever published?
Thanks
holdon
Looks like a MOMO just might be real soon. It probably
will go over a dollar.
Arkieboy
Good Morning to ALL. Well the MM's are just giving us another
chance to buy more ABRG at these cheaper prices.
arkieboy
Muelhead I live in Arkansas and keep temp at night down to
68 degrees.
arkieboy
TO ALL: My last NG Bill was $99.38 and this month was
$434.28. We should see things happen soon.
arkieboy
Good Morning to everyone, glad to be still alive.
arkieboy
Thanks Cowboy
arkieboy
Hello, where is all the shareholders of ARET?
Thanks
arkieboy
Thanks OLD for inviting me to this board and I appreciate
whoever started this board. It is wonderful to have somewhere
to go and read good information.
Thanks
holdon(arkieboy)
Jim, I would like to know what will happen with the shareholders of record that own ABRG stock? I'm new to this board and am thrilled to be here. Does this give each
shareholder stock in Venture Oil?
Thanks
holdon