To: Lee Lichterman III who wrote (8348 ) 6/1/2001 6:04:39 AM From: Lee Lichterman III Read Replies (1) | Respond to of 52237 Here are the news items I feel were relevant..... Novellus Says Second-Quarter Orders Will Match Forecasts on New Contracts Novellus Systems Inc., a maker of equipment to build circuits on semiconductors, said second-quarter orders will be $220 million, matching earlier forecasts, because new contracts offset canceled orders. More... quote.bloomberg.com Treasuries Advance as Investors Expect Fed to Lower Interest Rates Again U.S. Treasuries surged, with 10-year notes posting their biggest one-day gain in five months, on expectations the economy shed jobs for the third straight month in May, boosting optimism the Federal Reserve will cut interest rates for the sixth time this year. More... quote.bloomberg.com U.S. Auto Sales Fell Estimated 5.2% in May as Sales to Businesses Slowed Brett Russell, general manager of Russell Chevrolet Co., said General Motors Corp.'s increased incentives in May helped bring more customers to his showroom. Still, sales were disappointing. More... quote.bloomberg.com General Motors to Waive Auto Lease Payments in Bid to Boost Lagging Sales General Motors Corp. will waive remaining lease payments on its cars and light trucks if customers buy or lease new vehicles, as the largest automaker tries to revive consumer demand. More... quote.bloomberg.com Altera warns of shortfall - 5:17 p.m. ET Altera Corp., a semiconductor maker specializing in programmable logic devices, or PLDs, warned investors Thursday that its second-quarter sales will fall below previous expectations....... cnnfn.cnn.com Mortgage rates inch higher - 3:38 p.m. ET Mortgage rates continued to move higher in the latest week even though new and existing home sales fell in April...... cnnfn.cnn.com Just in case people don't believe me when I mention that stock holders are last in line when a company goes under. Book value doesn't reflect the real number after creditors are paid, the bond guys take their cut and legal fees are all paid............. Vlasic's sour goodbye - 3:14 p.m. ET Creditors will get the last pickles in Vlasic Foods International's jar, while shareholders will be left with the brine.. cnnfn.cnn.com CEO departures surge - 1:13 p.m. ET Departures of chief executive officers jumped 15 percent in May, with the struggling dot.com sector experiencing the biggest CEO turnover, a leading outplacement firm said Thursday.... cnnfn.cnn.com Watch the broker stocks... CSFBdirect cuts 180 jobs - 10:21 a.m. ET CSFBdirect, the online brokerage unit of Credit Suisse First Boston, is cutting about 14 percent of its staff and taking a one-time charge due to a fall in trading activity. cnnfn.cnn.com