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To: GST who wrote (142059)	5/3/2002 2:37:37 AM
From: H James Morris	Read Replies (3) \| Respond to of 164684

I sold 100 shares of NVR today and donated the proceeds to the "new economy" relief fund. Ps Money still flows into gold, and new construction housing stocks.

To: GST who wrote (142059)	5/3/2002 11:01:13 AM
From: Glenn D. Rudolph	Respond to of 164684

I believe one firm has an idea what they are doing and one does not. "--- Mayor's Restructuring, Closing 13 Unprofitable Stores Mayor's Jewelers will be closing 13 unprofitable and underperforming stores and liquidating certain nonperforming assets as part of a restructuring plan aimed at future profitability. Eleven of the stores targeted for closure are outside Mayor's core marketplace in Florida and Georgia, and the remaining two are in Florida. "The closing of the these stores marks a significant retrenchment of the company's recent expansion strategy into states where Mayor's does not enjoy the brand loyalty that it has enjoyed in Florida and Georgia," Mayor's management said. Assets targeted for liquidation include various unproductive inventories and the company headquarters building and associated real estate in Sunrise, Florida. Mayor's restructuring plan also includes an infusion of new debt and equity and the refinancing of the company's current bank debt. For the fiscal year 2001 ended February 2, 2002, Mayor's reported a net loss of $83.9 million, compared to a $2.6 million profit during 2000. Sales declined 9.7% to $163.7 million. Comparable store sales declined 17.1%. For the fourth quarter ended February 2, Mayor's reported a net loss of $57.4 million, compared to a $20.3 million profit during Q4 2001. Sales declined 15.9% during the quarter to $58.4 million. Comparable store sales declined 21%." "--- Tiffany Raises Earnings Outlook, Citing Better U.S. Sales Tiffany management raised the company's earnings outlook for the first quarter on April 25. The decision was attributed to improved U.S. sales and an increase in the number of less expensive but higher margin jewelry pieces such as sterling silver rings and bracelets. Management said it expects to see sales for the quarter ending April 30 to rise between 3% and 4% over the $336 million sales figure for Q1 2001. Tiffany's first quarter earnings results will be released on May 14."