THE "DAILY BREAD" FOR THE MARKET

Daily Morning Insights on the Market

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MARKET SUMMARY FOR TUESDAY DECEMBER 4TH. 2001

DOW INDUSTRIAL: 9893.84 = +129.88

NASDAQ: 1963.10 = +58.20

S & P 500: 1144.80 = +14.90

MOST ACTIVE STOCKS & SECTORS

The markets closed higher to mid August levels. The NASDAQ, which was up all day long, had a very heavy trading volume of over 1.908 billion, while the Dow had a volume of over 1.292 billion shares traded. Gainers included: Acterna Corp, Amazon.Com, AOL Time Warner, Applied Materials, Applied Micro Circuits, Ariba, Ask Jeeves, AT&T, Autozone, Avant Corp, Broadcom, Brocade Communications, Calpine Corp, Ciena Corp, Cisco Systems, Citigroup, CNet Networks, Coca Cola, Coca Cola Enterprises, Comcast, Compaq, Cox Communications, Dell, Disney, Dynegy, Electro Scientific Industries, EMC Corp, Emons Transport, Enron, Ericsson, ExxonMobil, GE, Hewlett Packard, Home Depot, i2 Technologies, Inrange Technologies, Intel, JDS Uniphase, Juniper Networks, KLA-Tencor, Lam Research, Lucent Technologies, Manugistics Group, McLeodUSA, MedImmune, Micron Tech, Microsoft, Motorola, Nextel Communications, Nokia, Nortel Networks, Novellus Systems, Overture Services, Palm, Qlogic, Satyam Computer, Satyam Infoway, Siebel Systems, Sonera Corp, Sun Microsystems, Texas Instruments, Tyco International, Varian Semiconductor Equipment Associates, Veritas Software, WebMethods, Worldcom Group, and Yahoo!

MAIN REASONS FOR ACTIVITY

• Visit our Federal Reserve Monetary Policy Analysis page to read more. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.

• Semiconductor stocks gained after UBS Warburg made known that the sector is about to turn around. UBS Warburg also raised the price target on Intel for the next 12 months to $36/ share. Intel gained 2.56% to close at $32.86/share.

• Enron, Dynegy and banking shares gained as it became obvious Enron will get some fresh financing.

• Cisco gained 3.32% after its CEO John Chambers made known that the company met its November Orders goals.

• The London Stock Exchange (LSE) closed lower due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Home Depot gained 2.82% after Merrill Lynch added it to its "Focus List" of stocks.

• Avant gained 63.01% after agreeing to a $769 million in stock acquisition from Synopsys. Synopsys lost 4.26%.

• Coca Cola Enterprise, the giant Coke™ bottler, gained 4.99% after announcing that it will meet its higher end yearly earnings forecast.

• Satyam Computer gained 11.69% on takeover rumors. Reuters also reported over the weekend that, Satyam is negotiating with AOL Time Warner to sell it its 52% stake in Indian ISP, Satyam Infoway. Satyam Infoway also gained.

• Micron Tech gained 6.76% on news that South Korea's Hynix Semiconductor will start strategic alliance talks with it, which analysts hope will reduce excess chip capacity in the marketplace.

• Ariba gained 15.17% after General Dynamics selected its Enterprise Sourcing technology for its outsourcing needs.

• Amazon.Com gained 13.73% after paying $6.1 million for assets of bankrupt computer products and software company, EggHead.Com.

• Manugistics Group gained 26.55% after announcing that Logitech will implement its global forecasting and planning solutions. Manugistics also received an upgrade today.

• Sprint FON Group lost 2.67% after warnings about its fiscal Q4 revenue and earnings, but expects business to pick up sharply next year.

• Inrange Technologies gained 37.90% after raising its fiscal Q4 earnings and revenue outlook.

• AFTER CLOSE: Autozone reported fiscal Q1 earnings that beat First Call estimates by a large margin, while revenue rose 10.6% over the year and also beat First Call estimates to $1.18 billion.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

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PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

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MARKET SUMMARY FOR MONDAY DECEMBER 3RD. 2001

DOW INDUSTRIAL: 9763.96 = -87.60

NASDAQ: 1904.90 = -25.68

S & P 500: 1128.34 = -11.11

MOST ACTIVE STOCKS & SECTORS

The markets closed lower due to the Enron debacle, despite surprisingly good economic data. The NASDAQ, which was down all day long, had a relatively light trading volume of over 1.493 billion, while the Dow had a volume of over 1.200 billion shares traded. Gainers included: Actuant, American Italian Pasta, Arris Group, AT&T Wireless, Aviron, BankAtlantic Bancorp, Brasil Telecom, C2 inc, C-Cor.Net, CKE Restaurants, Collins & Aikman, Computer Sciences Corp, Digimarc, Enron, EOTT Energy, ExxonMobil, Falconstor Software, Fila Holdings SpA, FindWhat.Com, Flextronics, Johnson & Johnson, Liberate Technology, Lucent Technologies, Magal Security Services, Magnatek, Matria Healthcare, MB Financial, Micron Tech, Microsoft, Mobile Telesys OJSC, Motorola, MRO Software, MSC Software, Mykrolis, Nextel Communications, OSI Systems, Parlex, Peak International Ltd, Pfizer, Providian Financial, Regus Plc, The Keith Companies, United Online, Votorantim, Yahoo!, and Zonagen

MAIN REASONS FOR ACTIVITY

• The National Purchasing Managers Association (NAPM) reported that for the month of November, its NAPM Index, a good measure of manufacturing activities in the nation, rose to 44.5% - any point below 50% is a contraction.

• US Personal Income declined less than 0.1% in October, but Consumer Spending rose a strong 2.9%.

• Global Semiconductor Sales rose a strong 2.5% in October, as all regions, except Japan, saw an increase in Sales.

• US Construction Spending rose $16 billion, or 1.9% in October, due mostly to public building activity. Visit our Federal Reserve Monetary Policy Analysis page to read more. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.

• Biotechnology firm Cephalon lost 3.73% after announcing that it is paying $450 million in cash for French drugmaker, Lafon, so as to to have exclusive rights to its fatigue drug, Provigil.

• Major Wall Street firms like Citigroup and JP Morgan Chase & Co. closed lower due to their exposure to highly indebted energy trader, Enron, which filed for Chapter 11 protection on Sunday. Dynegy lost 10.48% after Enron made known that it will sue Dynegy for $9 billion for breaking up their merger plans at the last minute.

• Oil shares and prices gained due to increased tension in the Middle East, and the likelihood that the Russian Federation will cut production by a larger amount as was requested by OPEC.

• The London Stock Exchange (LSE) closed lower due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Biotechnology firm Aviron gained 4.37% after Medimmune announced that it is paying about $1 billion in stock for the nasal flu vaccine maker. Medimmune lost 11.95%.

• Yahoo! gained 1.67% after Soundview upgraded it to a "buy" on grounds that the company is showing signs of turning around, and it likes their recent restructuring. Soundview downgraded AOL Time Warner to a "buy" recommendation. AOL Time Warner lost 3.76%.

• Digimarc gained 12.81% after announcing that it will pay $55.5 million to acquire Polaroid's ID systems business.

• IBM lost 1.26% despite announcing that it has signed a 10 year, $1.4 billion technology services contract with Cendant. Cendant closed lower.

• Micron Technology gained 5.15% after Merrill Lynch upgraded it to a "buy" recommendation.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

• JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

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MARKET SUMMARY FOR FRIDAY NOVEMBER 30TH. 2001

DOW INDUSTRIAL: 9851.56 = +22.14

NASDAQ: 1930.58 = -2.68

S & P 500: 1137.88 = -2.32

MOST ACTIVE STOCKS & SECTORS

The markets closed mixed today as the Dow rallied, due primarily from Home Depot. The NASDAQ, which was up and down day long, had a very heavy trading volume of over 1.831 billion, while the Dow had a volume of over 1.345 billion shares traded. Gainers included: Actuity Brands, Adam, Amtran, Allied Waste, Brocade Communications, C2 inc, Cendant Corp, Centex, Chordiant Software, Cisco Systems, Dell, Discovery Partners, EQ Redident, Freeport McMoran Gold, Hall Kinion, Hancock Fabrics, Hewlett Packard, Intel, Invision Technology, Kana Software, Loral Space, Massey Eenergy, Merck & Co, Modem Media, Nokia, Nortel Networks, Novogen Ltd, Osteotech, Pain Therapeutics, Ralston-Purina, Rex Stores, RSA Security, Sanmina, Sun Microsystems, Symbollon Pharmaceuticals, Toll Brothers, US Airways, Veritas DGC, Williams Communications, Winnebago Industries, and Xerox Corp.

MAIN REASONS FOR ACTIVITY

• The Chicago Purchasing Managers Association reported that for the month of November, its Chicago PMI Index, a good measure of manufacturing activities in the region, declined to 41.1% - any point below 50% is a contraction. This is the 14th. consecutive monthly contraction.

• US Agricultural Prices declined a lower than expected 1% in October.

• US Gross Domestic Product (GDP) for the Third Quarter (Q3) was revised to a decline of 1.1%, its worst showing in a decade. Visit our Federal Reserve Monetary Policy Analysis page to read more. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.

• Home Depot gained 5.97% and helped the Dow close lower after revising lower its outlook for the next 3 years. The revised outlook was still better than what the market was expecting.

• Kraft lost 2.04% after announcing plans to close 2 Latin American plants and cut 500 jobs, as it tries to absorb its acquisition of Nabisco.

• Novellus Systems lost 8.49% and took semiconductor stocks down with it after lowering its outlook yesterday.

• The London Stock Exchange (LSE) closed mixed due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Ralston-Purina gained 0.06% on news that the FTC is about to approve Nestle's acquisition of the company.

• Kana Software gained 34.33% today after securing $55 million in funding from Technology Crossover Ventures yesterday.

• Discovery Partners gained 31.70% on news that a major Pharmaceuticals company is about to acquire the drug discoverer.

• Invision Technology gained 24.38% after the FAA bought its i-Portal 100 Imaging Detection Systems valued at around $445,300.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

• JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

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MARKET SUMMARY FOR THURSDAY NOVEMBER 29TH. 2001

DOW INDUSTRIAL: 9829.42 = +117.56

NASDAQ: 1933.26 = +45.29

S & P 500: 1140.20 = +11.68

MOST ACTIVE STOCKS & SECTORS

The markets closed higher today. The NASDAQ, which was up all day long, had a very heavy trading volume of over 1.957 billion, while the Dow had a volume of over 1.368 billion shares traded. Gainers included: Alaska Air Group, America West Holdings, AMR, Applied Materials, Applied Micro Circuits, Ask Jeeves, AT&T, Barnes & Noble, Brocade Communications, Calpine Corp, Cendant Corp, Ciena Corp, Cisco Systems, Citigroup, Compaq, Continental Airlines, Corning, Dell, Delta Air Lines, EMC Corp, Ericsson, eUniverse Network, ExxonMobil, FreeMarkets, GE, H&R Block, i2 Technologies, IBM, Inamed, InfoSpace, Intel, JDS Uniphase, JP Morgan Chase & Co, Juniper Networks, KLA-Tencor, Lexmark International, McData, Microsoft, Nokia, Northwest Airlines, Novell, Novellus Systems, Nvidia, Oracle, Palm, Pfizer, Pharmacia, PMC-Sierra, Rex Stores, Siebel Systems, Skywest, Sun Microsystems, Taiwan Semiconductor, Texas Instruments, UAL, Unova Corp, US Airways, Value City Department Stores, Walter Industries, WebMethods, Worldcom Group, and Yahoo!

MAIN REASONS FOR ACTIVITY

• The Conference Board reported that its Help Wanted Index, a good measure of blue collar employee demand, declined 6 points in October to 46, its lowest levels since 1982.

• US Durable Goods Orders gained 12.8% in October.

• US New Home Sales rose 0.2% in October to a stronger than expected 880,000. The October level is slightly higher than the September adjusted levels of 878,000, but only 5% below last year's levels.

• US Jobless Claims for weekending November 24th. rose 54,000 to 488,000. The 4 week moving average declined 2,000 to 454,000. Visit our Federal Reserve Monetary Policy Analysis page to read more. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.

• Palm gained 7.33% after announcing that it expects to meet its financial estimates for the quarter.

• Airline shares recovered today on good comments from DB Alex Brown, which also upgraded most of them. DB Alex Brown thinks the worst might be behind the industry.

• Enron lost 40.98% and closed with a market capitalization of $267.8 million as investors put it on bankruptcy watch. Companies who have exporsure to Enron also closed lower. Dynegy closed 6.24% lower.

• The London Stock Exchange (LSE) closed lower due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• FreeMarkets gained 33.77% after raising its quarterly revenue and earnings outlook.

• EMC Corp gained 2.46% after announcing that it is creating a software unit, as software services become a major revenue source for the data storage company.

• AFTER CLOSE: Novellus Systems is losing after warning that although it will meet fiscal Q4 estimates, it will miss fiscal Q1 and probably fiscal Q2.

• AFTER CLOSE: Novell is still gaining in after hours trading after reporting fiscal Q4 earnings of 2 cents a share, which is better than the break even First Call was expecting. Revenue also rose over the year to $308 million.

• AFTER CLOSE: Starbucks is gaining in after hours trading after announcing that, its November same-store sales rose 1% over the year, while revenue rose 20% to $237 million.

• AFTER CLOSE: Medical devices maker, Inamed, is still gaining after announcing that, it expects strong growth from its product lines in 2002.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

• JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

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MARKET SUMMARY FOR WEDNESDAY NOVEMBER 28TH. 2001

DOW INDUSTRIAL: 9711.88 = -160.74

NASDAQ: 1887.97 = -48.00

S & P 500: 1128.52 = -20.98

MOST ACTIVE STOCKS & SECTORS

The markets closed lower on uneasiness about the future. The NASDAQ, which was under pressure all day, had a very heavy trading volume of over 1.903 billion, while the Dow had a volume of over 1.390 billion shares traded. Gainers included: Agco Corp, Agnico Eagle, Airlease Ltd, Amazon, AT&T, Baxter International, CCF Holding Company, Chromavision Medical Systems, Citrix Systems, Cornell Companies, ECollege.Com, Edison International, Flextronics, Gateway, Given Imaging, Home Depot, Intasys Corp, Lawson Products, Loral Space, Medtronics, Medwave, MIIX, Nexell Therapeutics, Orbital Sciences, Paxar Corp, Pepsi-Gemex SA, Phillipine Long Distance, Scansoft, Silicon Graphics, SnowBall.Com, Sonic Foundry, Systemex, The Pantry, and Unova Corp.

MAIN REASONS FOR ACTIVITY

• The Mortgage Bankers Association (MBA) reported that its MBA Mortgage Applications Survey for week ending November 23rd. declined 8.2% to 905.1. The Purchase Index rose 28.3% to 324, while the Refinance Index declined to 4998.3. The Average 30-year Mortgage Rate rate rose from 6.84% seen last week to 6.89%.

• The Commerce Department reported that, US E-Commerce sales in Q3 2001 rose to $7.5 billion, while total retail sales declined 2.6% for the period.

• The American Petroleum Institute (API) and the Energy Information Administration (EIA) reported that for week ending November 23rd., US crude oil inventories declined about 1 million and 3.1 million barrels respectively, while Distillates rose 5 million and 5.1 million barrels respectively.

• The Federal Reserve Districts "Beige Book" report was released today and showed a dismal economic performance in October (We will have the full report tomorrow). Visit our Federal Reserve Monetary Policy Analysis page to read more. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.

• Contract Electronics Manufacturer (CEM) Flextronics gained another 3.13% today due to its reiterating financial targets for the next 2 quarters.

• Airline shares gave back some of their recent gains recently.

• SRI/Surgical Express lost 41.43% after restating lower earnings and announcing that it lost customers, as opposed to its previous announcement that it gained customers.

• Enron lost 85.16% to close at a market capitalization of $453.8 million, yes millions, after Dynegy withdrew its $9 billion offer. Dynegy lost 12.03%. Other energy shares were pulled down too. The Enron debacle will end up being one of the top case studies on how not to run a company.

• The London Stock Exchange (LSE) closed lower due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Nvidia lost 5.05% despite a Standard & Poor announcement that, Nvidia is to replace Enron on its venerated S&P 500 Index at the close of trading on Thursday.

• Nexell Therapeutics gained a whopping 220% after the FDA gave its rare blood illnesses treatment drug "orphan" status. Orphan status means the fastest tract to market as possible.

• Baxter International gained 1.29% after its joint venture with the UK firm, Acambis Plc, won a Department of Health and Human Services $428 million contract to supply 155 million doses of Smallpox vaccine.

• Dell lost 1.85% after its CEO Michael Dell reiterated that the company's fiscal Q4 earnings will be similar to its Q3, and that revenue will rise slightly above fiscal Q3 revenue of $7.5 billion.

• Gateway gained 11.18% after Lehman Brothers and Prudential had good comments about the increased traffic to its Gateway Stores.

• Paxar gained 6.10% after announcing that it will increase its stock buyback by $50 million to $150 million. Paxar also bought back 3 million shares from an investor today.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

• JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

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MARKET SUMMARY FOR TUESDAY NOVEMBER 27TH. 2001

DOW INDUSTRIAL: 9872.60 = -110.15

NASDAQ: 1935.97 = -5.26

S & P 500: 1149.50 = -7.92

MOST ACTIVE STOCKS & SECTORS

The markets closed lower on disappointing consumer confidence data. The NASDAQ, which was up and down all day, had a very heavy trading volume of over 2.137 billion, while the Dow had a volume of over 1.283 billion shares traded. Gainers included: Anthem, Applied Materials, AT&T, Bea Systems, Brown Shoe Co, Cendant, Concurrent Computer Corp, Corimon CA, Dynegy, EMC Corp, Enron, Fila Holdings SpA, Flextronics, Four Seasons, Halliburton, i2 Technologies, Imco Recycling, Intel, KLA Tencor, Level 3 Communications, Micron Technology, Omnivision Technologies, Petroleum Geo Services, Qiunsa, Red Hat, Sanmina, Schlumberger, Scientific-Atlanta, Silverline Technology, Sprint PCS Group, Sun Microsystems, Texas Instruments, Tyco International, VA Linux, Veritas Software, and Xerox Corp.

MAIN REASONS FOR ACTIVITY

• The Conference Board reported that, US Consumer Confidence declined to 82.2 in October, the lowest level in 7 years, and well off the increase economists were expecting.

• US Sales of Existing Homes rose 5.5% to 5.17 million in October, due mostly to the low mortgage rates. Visit our Federal Reserve Monetary Policy Analysis page to read more. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.

• Contract Electronics Manufacturer (CEM) Flextronics gained 2.94% and pushed other CEMs higher after reiterating its financial targets for the next 2 quarters. Flextronics is also reorganizing its accounts handling practices.

• Nokia lost 6.02% after cutting its fiscal 2001 sales outlook.

• Linux vendor, Red Hat, gained 26.79% after signing a service and support agreement with IBM for its alternative operating systems (non Microsoft) servers.

• Oil services shares gained after the Russian Federation announced that it will consider cutting production further in January.

• The London Stock Exchange (LSE) closed lower due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Intel gained 1.38% after stating that it is increasingly confident of meeting its quarterly revenue targets.

• Dynegy gained 4.18% afterconfirming that it is in talks to renegotiate its takeover of Enron. Word is, Dynegy will end up paying at least 40% less of the original $9 billion. Enron gained 2.49% and closed with a market capitalization of $3.057 billion.

• AFTER CLOSE: Concurrent Computer announced a media agreement with AOL, the online unit of AOL Time Warner.

• AFTER CLOSE: Omivision Technologies is losing in after hours trading after reporting fiscal Q2 losses of 17 cents a share, well below the 1 cent a share profit First Call was expecting.

• AFTER CLOSE: Well Fargo is gaining in after hours trading after announcing plans to buyback 30 million of its common shares.

• AFTER CLOSE: Seachange International is losing in after hours trading after reporting a fiscal Q3 loss that was 2 cents a share wider than Wall Street estimates.

• AFTER CLOSE: Finisar is losing in after hours trading after reporting a fiscal Q2 loss that was in line with estimates, while revenue declined about 20% to $35.1 million.

• AFTER CLOSE: Medtronic is gaining in after hours trading after reporting fiscal Q2 earnings that met First Call estimates, and reveneu rose 15% over the year to $1.6 billion.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

• JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

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MARKET SUMMARY FOR MONDAY NOVEMBER 26TH. 2001

DOW INDUSTRIAL: 9982.75 = +23.04

NASDAQ: 1941.23 = +38.03

S & P 500: 1157.42 = +7.08

MOST ACTIVE STOCKS & SECTORS

The markets closed higher despite some negative economic news. The NASDAQ, which was hot all day, had a heavy trading volume of over 1.734 billion, while the Dow had a volume of over 1.079 billion shares traded. Gainers included: Aastrom Biosciences, Amazon.Com, Amgen, AOL Time Warner, Applied Materials, Applied Micro Circuits, AT&T, AT&T Wireless, Broadcom, Ciena Corp, Cisco Systems, Citigroup, Compaq, Corning, Dell, EMC Corp, Ericsson, Flextronics, Ford Motor Co, GE, Geron, Handspring, Honeywell International, Intel, JDS Uniphase, Juniper Networks, Micron Technology, Micromuse, Microsoft, Motorola, Nextel Communications, Nokia, Nortel Networks, Oracle, Palm, Pfizer, Providian Financial, Qwest Communications International, Siebel Systems, Solectron, StemCells, Sun Microsystems, Taiwan Semiconductor, Texas Instruments, Tyco International, Worldcom Group, XO Communications, and Yahoo!

MAIN REASONS FOR ACTIVITY

• The National Bureau of Economic Research (NBER) reported today that, the US economy has been in a recession since March, and it expects it to turn around in mid 2002. Visit our Federal Reserve Monetary Policy Analysis page to read more. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.

• Amazon gained 34.47% as it becomes clear that the online retail giant will have a strong holiday sells.

• Biotechnology shares gained after a private biotech company cloned the first human embryo.

• Enron and Dynegy closed lower as pressure mounts for them to either cancel their merger, or at least renegotiate.

• Taiwan Semiconductor gained 5.73% and helped technology stocks to close higher after raising its fiscal 2001 financial outlook.

• The London Stock Exchange (LSE) closed higher due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Oil shares and prices closed lower as the production cut standoff between OPEC and non-OPEC Russia seem farther from a quick settlement.

• AOL Time Warner gained after announcing that the worldwide subscription base for its online unit, AOL, has surpassed the 32 million mark, thanks to the AOL 7.0 Version.

• Lucent Technologies lost 4.71% after Morgan Stanley Dean Witter downgraded it.

• Honeywell International gained after wining a $1 billion pneumatic tube components contract for the engines of Airbus A380 Superjumbo Airliner.

• Home Depot lost 2.28% after the Wall Street Journal reported that Home Depot's meeting with analysts this week will disappoint.

• Intel gained 2.61% after announcing a new technology that will help its chips run faster and use lower power.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

• JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

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MARKET SUMMARY FOR FRIDAY NOVEMBER 23RD. 2001

DOW INDUSTRIAL: 9959.71 = +125.03

NASDAQ: 1903.20 = +28.15

S & P 500: 1150.34 = +13.31

MOST ACTIVE STOCKS & SECTORS

The markets closed higher due to some upbeat holiday sales outlook. The NASDAQ, which was hot all of today's half trading day, had a light trading volume of over 0.569 billion, while the Dow had a volume of over 0.410 billion shares traded. Gainers included: ADC Telecommunications, Advanced Semiconductor, Agere Systems, Aksys Ltd, Allen Telecom, Amazon.Com, Amgen, AOL Time Warner, Applied Materials, Applied Micro Circuits, ASB Financial, Ask Jeeves, Banco Latinoamericano de Exportaciones SA, Bear Stearns, BMC Industries, BP Amoco Plc, Brasil Telecom, Broadcom, Brocade Communications, Burlington Resources, ChevronTexaco, Ciena Corp, Cisco Systems, Citigroup, CMGI, Compaq, Conestoga Enterprises, Conseco, Corning, Dell, Disney, Dynegy, EMC Corp, Ericsson, ExxonMobil, Fairchild Corp, Federated Department Stores, Flextronics, Ford Motor Co, GE, Golden Telecom, Goldman Sachs, Halliburton, Home Depot, ICICI Bank Ltd, ICICI Ltd, IMAX Corp, Immunex, Infenion Technologies, Intel, JDS Uniphase, Joann Stores, JP Morgan Chase & Co, Juniper Networks, K-Mart, Korea Telecom, LastMinute.Com, Lehman Brothers, Lucent Technologies, Merrill Lynch, Microsoft, Mobil Telesys, Motorola, Nabor Industries, Nextel Communications, Nokia, Nortel Networks, Novellus Systems, Ntelos, Oracle, Palm, Pepsico, Pfizer, Pohang Iron & Steel, Rostelecom, Satyam Computer, SK Telecom, StorageNetworks, Sun Microsystems, Tickets.Com, Texas Instruments, Wal-Mart, Williams Communications, Worldcom Group, Xerox Corp, XO Communications, and Yahoo!

MAIN REASONS FOR ACTIVITY

• Visit our Federal Reserve Monetary Policy Analysis page to read more. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.

• Online shopping portals gained on expectations (and sometimes their own announcements) that this holiday shopping season will be better than a year ago due to a less crowded field and more shoppers using the web. AOL™, Amazon, K-Mart's BlueLight.Com, and Yahoo! are all reporting stellar traffic and sales online that is well above last year's levels.

• Chain stores gained as deep discounts drove shoppers to stores at above expectations levels after Thanksgiving.

• The ever shrinking Enron lost 5.99% to close with a market capitalization of only $3.504 billion as pressure mounts on Dynegy to either re-negotiate its acquisition price, or even abandon the troubled energy trader.

• Conestoga Enterprises gained 23% after telecommunications company, D&E Communications, announced Wednesday that it is paying about $273.3 million to acquire it. D&E Communications closed lower.

• The London Stock Exchange (LSE) closed lower due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• US equities got a boost today after Goldman Sachs announced that it has raised its weighting in US equities, and have cut Japan Equities in its global asset allocation.

• Oil services firms Halliburton and Nabor Industries gained despite lowered earnings estimates for 2001 by Merrill Lynch.

• Ericsson gained 6.32% after announcing that it expects little competition in the Third Generation (3G) wireless network space.

• Goldman Sachs gained 2.27% after replying to a Merrill Lynch research note that, it has been cutting jobs through out its fiscal Q4 and is on track to cut a total of 867 jobs by November 30th. Other brokerage houses, which have also reduced staff or plan to reduce staff, gained.

• Oil stocks gained despite the Russian Federation's announcement that, it will cut its oil production by only 50,000 barrels a day. Russia is the leading non-OPEC producer, with 7 million barrels produced a day.

• Networking stocks were firmly behind today's rally on the NASDAQ.

• NEW SERVICE: Now that we have our United Kingdom and Ireland portal BusinessJeeves UK & Ireland, and our Canadian (English) portal BusinessJeeves Canada is up and running. We are confident, the quality of our content will keep you coming back.

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PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

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MARKET SUMMARY FOR WEDNESDAY NOVEMBER 21ST. 2001

DOW INDUSTRIAL: 9834.68 = -66.70

NASDAQ: 1875.05 = -5.46

S & P 500: 1137.03 = -5.63

MOST ACTIVE STOCKS & SECTORS

The markets closed lower today. The NASDAQ, which was under pressure all day, had a reasonably heavy trading volume of over 1.572 billion, while the Dow had a volume of over 1.021 billion shares traded. Gainers included: Amazon.Com, Amgen, Applied Materials, Applied Micro Circuits, Arqule, Ask Jeeves, Atrion, BG Group Plc, Biogen, Broadcom, Brocade Communications, British Biotech Plc, Cardiac Science, Ciena Corp, Classica Group, Compaq, Compudyne, Core Labs NV, Corning, Culp Corp, D&E Communications, Eli Lilly, Ericsson, Extendicare, Fairchild Corp, General Dynamics, Guidant Corp, Gymboree, Hemosol, Intel, Intrusion.Com, JDS Uniphase, Juniper Networks, Lockheed Martin, Medtronic, Merck & Co, Merge Technology, MmO2 Plc, Newport News Shipbuilding, Nextel Communications, Nokia, Northrop Grumman, Osmonics, Overture Services, Pfizer, PMC-Sierra, Raytheon, RF Micro Devices, Saks, St. Jude Medical, Schering-Plough, Siebel Systems, Silverline Technology, Smith & Nephew Plc, Software Spectrum, Structured Products, Taiwan Semiconductor, TRW, Tyco International, Veritas Software, Western Digital, Willbros Group, Wilson Greatbatch Technologies, Wiser Oil, Xerox Corp, Xeta Technologies, and Yahoo!

MAIN REASONS FOR ACTIVITY

• US Jobless Claims declined 15,000 to 427,000 in week ending November 17th. The 4 week moving average declined 20,000 to 454,000.

• The University of Michigan Consumer Sentiment Index improved in November to 83.9. Both the Expectations and Present Conditions indices improved to 76.6 and 95.3 respectively.

• The Energy Information Agency (EIA) reported that for week ending November 16th, US crude oil inventory declined by 1.3 million barrels, while the American Petroleum Institute (API) saw an increase of 357,000 barrels. For Distillates, the EIA and API saw decreases of 200,000 barrels and 669,000 barrels respectively.

• The Mortgage Bankers Association (MBA) reported that for week ending November 16th, its MBA Mortgage Applications Survey rose 6.6% to 985.8. The Purchase Index rose 3.7% to 296.0, while the Refinance Index declined 9.7% to 4998.3.

• US Semiconductor Shipments declined to $916.2 million in October, while Bookings rose $31.9 million to $651.1 million, thus pushing the Book-to-Bill Ratio up to 0.71. Visit our Federal Reserve Monetary Policy Analysis page to read more. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.

• Eli Lilly gained 2.70% after the FDA approved its Sepsis drug, Xigris™.

• Hemosol gained 42.22% after the FDA approved more clinical trials for its blood substitute, Hemolink™.

• Classica Group gained 21.43% despite an SEC accusation that the company was one of 3 that made unproven Anthrax prevention claims. Classica, which stated in mid October that it has the technology to kill Anthrax in the mail, commented that, it has had some positive findings in its trials so far.

• Cardiac Science gained 14.65% after signing an agreement with the City of San Diego to help promote the placement, training, and implementation of external Defibrillators in the region. The City of San Diego wants to make Defibrillators as common as fire extinguishers.

• The London Stock Exchange (LSE) closed lower due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Enron lost 28.33% after reaching an agreement with creditors to extend its $690 million debt payment. Dynegy, which is paying about $9 billion for Enron, lost 4.65% on concerns that companies will continue to avoid exposure to Enron if its problems continue to mount. Incidentally, Enron closed today with a market capitalization of a mere $3.73 billion!

• Xerox gained 9.57% on a DB Alex Brown upgrade to "buy".

• Biotechnology shares gained today due to the strong earnings outlook from Amgen yesterday.

• Guidant gained 7.43% and helped rival Implantable Cardioverter Defibrillators (ICD) companies like Metronic and St. Jude Medical to close higher after a Guidant-sponsored trial shows there are more people out there needing ICDs than was previously estimated. Bear Stearns and Goldman Sachs upgraded Guidant, and St. Jude Medical was also upgraded by Bear Stearns.

• Microsoft closed lower despite reporting that, its Xbox™ game console is flying off the shelves.

• AFTER CLOSE: Software Spectrum reported fiscal Q2 earnings of 44 cents a share, while revenue rose 45% to $356 million, as product services revenue alone rose 47%. Last year, Software Spectrum had a fiscal Q2 loss.

• AFTER CLOSE: TRW reported that it won a $1.3 billion communications payload for the Department of Defense's Advanced Extreme High Frequency System.

• AFTER CLOSE: Meade Instruments warned that its fiscal Q3 earnings and revenue will miss Wall Street estimates. Meade Instruments also lowered its fiscal 2002 outlook too.

• AFTER CLOSE: D&E Communications announced that it is paying $273.3 million to acquire Conestoga Enterprises.

• NEW SERVICE: Now that we have our United Kingdom and Ireland portal BusinessJeeves UK & Ireland, and our Canadian (English) portal BusinessJeeves Canada is up and running. We are confident, the quality of our content will keep you coming back.

• JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

<---D571--->

MARKET SUMMARY FOR TUESDAY NOVEMBER 20TH. 2001

DOW INDUSTRIAL: 9901.38 = -75.08

NASDAQ: 1880.51 = -53.91

S & P 500: 1142.66 = -8.40

MOST ACTIVE STOCKS & SECTORS

The markets closed lower today. The NASDAQ, which was under pressure all day and then dived in the last 2 hours of trading, had a very heavy trading volume of over 1.986 billion, while the Dow had a volume of over 1.326 billion shares traded. Gainers included: Antares Pharmaceuticals, Aradigm Corp, AT&T Wireless, Baker Hughes, BP Prudhoe Bay Royal Trust, Callon Petroleum, ChevronTexaco, Coricom CA, Cryolife, Dal-Tile International, Docucorp International, Dot Hill Systems, Ensco International, Espeed, ExxonMobil, Genomica, Global Marine, Grupo Aeropotuarto del Sureste SA, Grupo Industrial Maseca SA, Healthsouth, IXOS Software, James Hardie Industries, KCS Energy, Key3Media, Key Technology, Lehman Royal Caribbean, Lexent, LoudCloud, Magma Design Automation, Mandalay Resort & Casino, Neoforma, Next Level Communications, Novitron International, P&O Princess Cruise Plc, Pharmacia, Portal Software, Proxim inc, Ramtron International, Royal Caribbean Cruise, Saba Software, Sensytech, Tetra Technology, Veritas DGC, Vimpelcom, Vista Bancorp, and Wabash National Bank.

MAIN REASONS FOR ACTIVITY

• The Conference Board reported that US Index of Leading Economic Indicators rose a much greater than expected 0.3% in October. The Coincident Index declined 0.2%, while the Lagging Index declined 0.3%.

• The US Trade Deficit improved in September. Imports declined $8.4 billion from month ago to $18.7 billion, while Exports declined $7.2 billion to $77.3 billion in the same period. Visit our Federal Reserve Monetary Policy Analysis page to read more. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.

• Microsoft lost 1.71% after announcing that it has settled most of the private anti-trust cases against it. The settlement requires Microsoft to spend $1 billion to provide software and PCs to the poorest schools in the country, and pay for similar services at other social services places. Interestingly, this settlement will give Microsoft access to schools at a rate only Apple computer enjoyed.

• LoudCloud gained 6.67% today due to its strong earnings report yesterday.

• Genomica gained 21.60% on Exelixis' offer for it late yesterday.

• Espeed gained 18.25% after announcing that it will turn a profit in Q4 despite its devastation from the September 11th. terrorist attacks. The online bond trader, which is majority owned by Cantor Fitzgerald, lost 180 of its 480 staff from the attacks, while parent Cantor Fitzgerald lost about 73% of its staff.

• Royal Caribbean Cruise gained 7.26% after announcing that it is merging into a $6 billion behemoth with P&O Princess Cruise. The new venture will have Royal Caribbean controlling 49.30% of the company, while P&O Princess will control the rest. P&O Princess gained 15.75%.

• GE lost 0.36% despite receiving regulator's approval for its NBC Television network to acquire Spanish television network, Telemundo, for $2.7 billion.

• The London Stock Exchange (LSE) closed lower due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Neoforma gained 32.45% after W.R. Hambrecht upgraded it to a "strong buy".

• Oil prices and stocks gained on news that non-OPEC producers Mexico and the Russian Federation are nearing a production cut compromise.

• IPO Today: Magma Design Automation closed 46.08% above its offering price.

• Cryolife gained 7.76% on an AG Edwards upgrade to "buy aggressively".

• Dal-Tile International gained 21.99% to close at $21.47/share after Mohawk agreed to acquire it for $1.663 billion in cash and stock, which works out to about $23.10/share. Mohawk lost 7.98%.

• Healthsouth gained 11.82% on a Wells Fargo Van Kasper upgrade to a "strong buy".

• Ramtron International gained 37.78% after licensing its FRAM™ memory technology to NEC.

• Cendant lost 3.26% after announcing the private placement of $1 billion in convertible debts with institutional investors.

• Saba Software gained 8.33% after Alcatel licensed its learning enterprise edition to use to train its 40,000 employees in 5 languages over the web.

• AFTER CLOSE: Analog Devices is still losing in after hours trading after reporting fiscal Q4 earnings of 14 cents a share, 2 cents a share better than First Call estimates, while revenue declined 47% to $423.3 million. The company is expecting fiscal Q4 earnings of 11 cents a share, on revenue of $400 million, a 5% decline.

• AFTER CLOSE: Amgen is gaining in after hours trading after reporting that it expects its 2002 earnings per share to come in the lower ¢20s, which is better than what Wall Street was expecting.

• AFTER CLOSE: TiVo reported fiscal Q2 losses that declined more than 50% to $34.5 million, while revenue rose from $1.1 million to a whopping $5.3 million over the year. TiVo added 51,000 new customers in fiscal Q2 alone, and that puts its total subscribers at 280,000 as of October 31st.

• AFTER CLOSE: Triquint Semiconductor is still losing in after hours trading after announcing that it will work with Northrop Grumman as part of the $200 billion Joint Strike Force (JSF) fighter contract being led by Lockheed Martin.

• AFTER CLOSE: Portal Software is losing in after hours trading after reporting fiscal Q3 earnings and revenue that missed First Call estimates.

• AFTER CLOSE: Saks reported fiscal Q3 losses that were below Wall Street estimates, and sales declined 9.2% to $1.42 billion over the year.

• AFTER CLOSE: Borders reported a fiscal Q3 loss that was below the year ago, while sales rose 1.8% to $713.7 million.

• NEW SERVICE: Now that we have our United Kingdom and Ireland portal BusinessJeeves UK & Ireland, and our Canadian (English) portal BusinessJeeves Canada is up and running. We are confident, the quality of our content will keep you coming back.

• JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.