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To: Lizzie Tudor who wrote (10417)2/2/2003 4:24:11 PM
From: stockman_scott  Respond to of 13815
 
Earnings for Janus Capital Group Inc. fall 39 percent in fourth quarter

By MARK DAVIS
The Kansas City Star
Posted on Fri, Jan. 31, 2003

Earnings fell 39 percent in the fourth quarter for Janus Capital Group Inc., largely because its large mutual funds lost money and investors during 2002.

At the start of this month, Janus Capital moved to Denver from Kansas City, where it had been called Stilwell Financial Inc. The company's earnings report Thursday covered its performance up until the move.

Janus Capital said it earned $45 million in the fourth quarter, which equaled 18 cents a share. A year ago, Janus Capital earned $73.7 million in the fourth quarter, equal to 32 cents a share.

For all of 2002, profits were down 72 percent at $84.7 million, or 31 cents a share, from $302.3 million, or $1.31 per share.

The company manages the Janus mutual fund group and other investment products. It managed $138 billion at the end of December, which was $55 billion less than a year earlier.

During a conference with analysts, new Chief Executive Officer Mark Whiston said 81 percent of the decline in equity funds was due to investment losses. Investor selling accounted for the rest.

Whiston said the company has no news about its plans to possibly sell its 33 percent holdings of DST Systems Inc., the Kansas City-based fund services company. DST officials declined to discuss the topic during their conference with analysts on Wednesday.

Janus Capital has previously linked proceeds from its DST shares to its plans to pay down debt.

Janus Capital may be ready to name a new president in the next month or two, Whiston said. He previously said the fund group would like to hire someone from outside Janus to fill the post.

Janus Capital shares lost 4 cents, closing Thursday at $12.51 following the morning earnings report.

--------------------------------------------------------------------------------

kansascity.com



To: Lizzie Tudor who wrote (10417)2/2/2003 11:28:36 PM
From: Boplicity  Read Replies (1) | Respond to of 13815
 
orcl has been tending higher since oct., a little too much movement, but given the market at large, I would say that it's acceptable for it to move around like it is as long as the tend continue in the channel. fwiw

b



To: Lizzie Tudor who wrote (10417)2/3/2003 3:00:31 PM
From: stockman_scott  Respond to of 13815
 
Comstock: A Replay of 1992?--No Way!

A lot of economists are comparing the current anemic recovery to early 1992 when everyone was worried about the possibility of another recession or a recovery so slow it would seem like one. They point out that the expansion then took off and went on for anther eight years, turning into one of the most prosperous periods in history. These economists therefore say there is little to worry about once the Iraqi situation is resolved, and that the current sluggish period will most likely develop into a normal economic recovery...

comstockfunds.com