Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Victor Lazlo who wrote (142629)	5/30/2002 1:22:04 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

At dinner tonight I heard a rumor that Warren Buffet might make a move on Safeco insurance (SAFC). >>Safeco is drawing attention as its turnaround picks up speed. The latest nod came from David Wallack, a portfolio manager for mutual-fund group T. Rowe Price. Wallack highlighted Safeco on "Wall Street Week" on Friday — the old "Wall Street Week" on PBS, not Louis Rukeyser's new show on CNBC. Wallack said he had trimmed some positions in insurance stocks lately but is still adding to Safeco. The company endured difficulties in the 1990s, he said, but since then management has "righted the ship." At the recent annual meeting, Mike McGavick, Safeco chief executive officer, said the restructuring plan is ahead of schedule. The stock has not responded so far, trading at about $31.50 a share, down from a high just shy of $36 a share in mid-April.

To: Victor Lazlo who wrote (142629)	5/30/2002 2:10:13 AM
From: H James Morris	Read Replies (2) \| Respond to of 164684

WESTWOOD, Kan., May 29, 2002 (BUSINESS WIRE) -- NovaStar Financial, Inc. (NYSE:NFI), a residential mortgage lender and portfolio investor, announced today that it is expanding its correspondent lending program. Since it was founded in 1996, the company has offered comprehensive services to the broker market. Now, NovaStar will leverage its technological capabilities, strong financial standing and full menu of products to serve lenders through a sales team solely dedicated to correspondent lending. Recently NovaStar has hired a dedicated sales force to support the channel.