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To: RockyBalboa who wrote (11644)	5/13/2003 7:51:39 PM
From: StockDung	Respond to of 19428

US SEC chief calls for stock decimalization review Tue May 13, 2003 06:39 PM ET WASHINGTON, May 13 (Reuters) - U.S. Securities and Exchange Commission Chairman William Donaldson on Tuesday said "decimalization" -- the shift made in 2001 to trade U.S. stocks in decimals instead of fractions -- needs to be reexamined. "Generally speaking, I think the whole issue of decimalization needs to be looked at again," Donaldson said in an interview on business news television station CNBC. Two years ago, the New York Stock Exchange, Nasdaq and the American Stock Exchange decided to join the rest of the world in expressing stock prices to the penny, abandoning the quirky U.S. practice of saying, for instance, 7-5/16 per share instead of the clearer $7.31 per share. Decimalization has cut into Wall Street's profits and traders are complaining loudly, especially in the limited markets where it has been taken to the extreme of sub-penny pricing -- or reporting a price at, say, $7.3125. Sub-penny pricing has led to razor-thin bid-and-ask spreads and made limit orders harder to fill, according to critics. "Clearly, the spreads have narrowed, but the total cost of transactions, I suspect, has increased," Donaldson said. "And I suspect the liquidity that used to be in the market has been severely dampened by these very narrow spreads. I think that the whole issue really needs to be looked

To: RockyBalboa who wrote (11644)	5/13/2003 9:07:24 PM
From: StockDung	Read Replies (1) \| Respond to of 19428

AND NOBODY DOESNT LIKE SARA LEE!!->Cauley Geller Announces Class Action Lawsuit Against Sara Lee Corporation On Behalf of Investors NEW YORK, May 13 /PRNewswire/ -- The Law Firm of Cauley Geller Bowman Coates & Rudman, LLP announced today that a class action lawsuit has been filed in the United States District Court for the Northern District of Illinois on behalf of purchasers of Sara Lee Corporation (NYSE:SLE) ("Sara Lee" or the "Company") publicly traded securities during the period between August 1, 2002 to April 24, 2003, inclusive (the "Class Period"). A copy of the complaint filed in this action is available from the Court, or can be viewed on the firm's website at cauleygeller.com . The Complaint alleges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, by issuing a series of material misrepresentations to the market between August 1, 2002 and April 24, 2003, thereby artificially inflating the price of Sara Lee securities. The Complaint alleges that defendants issued a series of materially false and misleading statements concerning the Company's operations and prospects. In particular, the Complaint alleges that the statements were materially false and misleading because they failed to disclose: (a) that, despite the Company Reshaping program, the Company was still burdened with numerous poorly performing businesses and would have to reevaluate its various businesses. Accordingly, Sara Lee did not have "the right mix of businesses" in that several material businesses were "not growing" or were "in significant decline"; (b) that the Company's underperforming businesses were causing the Company to experience declining results and, as a result, the Company would not be growing at the rates represented to the market; (c) due to a lack of proper internal or financial controls, Sara Lee failed to identify or recognize those businesses or brands among its portfolio of companies that would need to be "run dramatically differently in the future"; and (d) based on the foregoing, Sara Lee lacked any reasonable basis upon which to project it (i) would experience "double-digit operating income increase" for fiscal 2003 among its "five lines of business" or (ii) have diluted EPS for fiscal 2003 in the range of $1.54 to $1.60. On April 24, 2003, Sara Lee shocked the public when it issued a press release announcing its financial results for the third quarter, the period ending March 31, 2003. The Company announced that it was reducing earnings for fiscal 2003 to $1.50 to $1.52 per share, significantly below consensus expectations of $1.59. In response to this announcement, the price of Sara Lee common stock dropped by 10%. During the Class Period, Sara Lee insiders sold more than $23 million of their personally-held Sara Lee common stock to the unsuspecting public. If you bought Sara Lee publicly traded securities between August 1, 2002 to April 24, 2003, inclusive, and you wish to serve as lead plaintiff, you must move the Court no later than July 14, 2003. If you are a member of this class, you can join this class action online at cauleygeller.com . Any member of the purported class may move the Court to serve as lead plaintiff through Cauley Geller or other counsel of their choice, or may choose to do nothing and remain an absent class member. Cauley Geller is a national law firm that represents investors and consumers in class action and corporate governance litigation. It is one of the country's premiere firms in the area of securities fraud, with in-house finance and forensic accounting specialists and extensive trial experience. Since its founding, Cauley Geller has recovered in excess of two billion dollars on behalf of aggrieved shareholders. The firm maintains offices in Boca Raton, Little Rock and New York. If you have any questions about how you may be able to recover for your losses, or if you would like to consider serving as one of the lead plaintiffs in this lawsuit, you are encouraged to call or e-mail the Firm or visit the Firm's website at www.cauleygeller.com . Contact: CAULEY GELLER BOWMAN COATES & RUDMAN, LLP Samuel H. Rudman, Esq. or David A. Rosenfeld, Esq. Client Relations Department: Jackie Addison, Heather Gann or Sue Null P.O. Box 25438 Little Rock, AR 72221-5438 Toll Free: 1-888-551-9944 Fax: 1-501-312-8505 E-mail: info@cauleygeller.com SOURCE Cauley Geller Bowman Coates & Rudman, LLP CO: Cauley Geller Bowman Coates & Rudman, LLP; Sara Lee Corporation ST: New York, Arkansas, Illinois SU: LAW prnewswire.com 05/13/2003 19:04 EDT