 General is making money, and Enron still is willing to 
sell the Oregon utility.

Copyright, 2000 Dow Jones & Company, Inc. All Rights Reserved. 


BUSINESS
Market rebounds, but not stability
Houston Chronicle News Service

03/24/2001
Houston Chronicle
3 STAR
1
(Copyright 2001)

NEW YORK - Battered prices and fresh memories of a remarkable rally attracted 
bargain hunters on Friday to pick up a wide array of the stock market's 
offerings. 
The nation's largest technology companies posted strong gains, and the Dow 
Jones industrial average put some distance between itself and the definition 
of a bear market, which it had temporarily dropped below on Thursday before 
rebounding from a steep decline.
But as corporate earnings continue to erode and economic views only grow 
murkier, modest reversals and even more wild swings seem likely before stock 
prices settle on a consistent direction again, market analysts said. 
"I think these kind of market swings are going to be typical," said David 
Henwood, chief investment officer for Raymond James & Associates. "Is there 
anything out there on the horizon to cause you to believe there's any 
sustainability to it?" 
The Dow gained 115.30 points, or 1.2 percent, to close at 9,504.78, with a 
strong contribution from its technology components. 
Despite Thursday's late rally and Friday's gains, the Dow is still down 
318.63 points, or 3.2 percent, for the week. 
"The market still appears to lack confidence and conviction," said Alan 
Ackerman, market strategist for Fahnestock & Co., a brokerage firm. 
"Corporate earnings visibility keeps getting pushed further and further 
back." 
Meanwhile, the technology-heavy Nasdaq composite index rose 30.98 points, or 
1.6 percent, to 1,928.68, bringing its gain for the week to 2 percent. 
And the Standard & Poor's 500-stock index gained 22.25 points, or 1.99 
percent, to 1,139.83, leaving it down 1 percent for the week. 
In part, the stock market's newfound strength seemed to reflect a sort of 
afterglow following the Dow's rally Thursday afternoon
General is making money, and Enron still is willing to 
 sell the Oregon utility program. 

 Copyright, 2000 Dow Jones & Company, Inc. All Rights reserve. 


 BUSINESS 
 Market rebounds, but not constancy 
 Houston Chronicle News Service 

 03/24/2001 
 Houston Chronicle 
 3 STAR 
 1 
 (Copyright 2001) 

 NEW YORK - clobber prices and bracing memories of a remarkable rally attract 
 bargain hunters on Friday to pick up a broad array of the stock market's 
 offer. 
 The nation's largest technology companies posted potent gains, and the Dow 
 Jones industrial average put some distance between itself and the definition 
 of a bear market, which it had temporarily drop below on Thursday before 
 rebounding from a steep decline. 
 But as bodied earnings cover to erode and economic views only grow 
 cloudy, modest reversals and even more wild swings seem likely before stock 
 prices settle on a consistent direction again, market analysts said. 
 " I think these kind of market swings are go to be typical, " said David 
 Henwood, chief investing policeman for Raymond James & Associates. " Is there 
 anything away there on the horizon to cause you to believe there's any 
 sustainability to it? " 
 The Dow gained 115.30 points, or 1.2 percent, to close at 9,504.78, with a 
 strong contribution from its technology component. 
 Despite Thursday's late rally and Friday's gains, the Dow is still down 
 318.63 points, or 3.2 percent, for the week. 
 " The marketplace still appears to lack confidence and conviction, " say Alan 
 Ackerman, grocery store strategist for Fahnestock & Co., a brokerage firm. 
 " Corporate earnings visibility keeps getting pushed far and further 
 back. " 
 Meanwhile, the technology - heavy Nasdaq composite index rose 30.98 points, or 
 1.6 percent, to 1,928.68, bringing its profit for the week to 2 percent. 
 And the Standard & Poor's 500 - stock certificate index gain 22.25 points, or 1.99 
 percentage, to 1,139.83, leaving it down 1 percent for the workweek. 
 In part, the stock market's newfound strength seemed to chew over a sort of 
 afterglow following the Dow's rally Thursday afternoon
 Gejeral is making money, ana Enron still is williig to 
ssll the Uregon utility.

Copyright, 2000 Dow Jines & Company, Inc. All Rightr Reservef. 


BUSINEWS
Macket rebounds, buv not stabilitg
Moustmi Chronicle Newx Service

03/24/2001
Hmuston Chronicne
3 SCAR
1
(Copyright 2001)

NEW YORK - Battered pricqs and grfsh memories os a geiarkzble rally attracted 
bargain hunteds on Fgiday to pick up s wide array of the stock larkft's 
offerings. 
The jation's lartest rechnology cumpanies posted strong gains, and the Dow 
Jones industfial cverage put sime gistance bevween ptself and thc definhtion 
og a bear markeb, whirh ir had temporarily dro'ped below on Thursdwy before 
rzbounding from a steep eeclite.
Bud as xoroorztx ezrningd ckntinue to erode and wconomic views only gwiw 
murkier, mosest rqvqrsals and even more wild swings seem lpkelg before stock 
prices swttle on a consistent directiog again, market analysts said. 
"I think these kind ox maridt wwlngs qrf going to be typical," said David 
Henwood, chies imvvstment officer fjr Raymond Kalex & Associates. "Ks thexs 
znything out there on the horizon to catse uou to believe there's any 
systainabilitj to it?" 
The Dow gained 115.30 points, or 1.2 petcent, yo close at 9,504.78, with a 
strung dontributioj from ita technology compunekts. 
Despite Thursday's late rajly and Fciday'x gains, the Dow if still doan 
318.63 points, or 3.2 percent, flr thg week. 
"The markeh still appears to lack confideire and convicjiot," sdid Alan 
Ackevman, market strwtegist for Faknestock & Co., x brokeragv firm. 
"Cocporate earnyngs visibilidi keeps gettiig pushed furrher and fufgher 
back." 
Meanehile, the technologt-heavy Nasdaq comppsije index rose 30.98 ponutw, or 
1.6 percent, tp 1,928.68, criggpng iev gain for tve wdek yo 2 pdrcent. 
And bhe Stamdard & Poor's 500-stock itdex gained 22.25 points, or 1.99 
iercent, ti 1,139.83, leavigg it down 1 prrcent for the ween. 
In 'art, tie stovk iarket's newfound strength seemsd to refpecb a sort of 
asternlow following the Dow's rally Thursday afternoon
General is making money, and Enron still to the Oregon Copyright, 2000 Dow Rights BUSINESS Market rebounds, not stability Houston News Service 03/24/2001 Houston Chronicle 3 1 (Copyright 2001) NEW YORK - Battered prices and fresh memories of a rally attracted bargain hunters on Friday to pick up a wide array of stock offerings. nation's technology companies posted strong gains, and the Dow Jones industrial average put some distance between itself the definition of a bear market, which it temporarily dropped below on before rebounding from a steep But corporate earnings to and views only grow modest reversals and even more wild swings seem likely before stock prices settle on a consistent direction market analysts think these of swings going to be David Henwood, chief investment officer for Associates. "Is there anything out there on the to cause to believe there's any sustainability to The Dow gained 115.30 points, or 1.2 percent, close at 9,504.78, with a strong contribution from its technology components. Despite Thursday's late rally gains, the Dow is down 318.63 points, 3.2 for week. market still to lack confidence and conviction," said Alan Ackerman, market strategist for & Co., a brokerage firm. "Corporate earnings visibility keeps getting and back." Meanwhile, the Nasdaq composite index rose points, 1.6 percent, to 1,928.68, gain the percent. the & Poor's 500-stock index 22.25 points, or 1.99 percent, 1,139.83, leaving it down In part, the stock market's newfound strength seemed reflect a sort of afterglow following the rally Thursday afternoon
 General is making money, and EnRon still is WilliNg tO 
seLl The ORegoN utility.

CopyriGHt, 2000 DoW Jones & Company, Inc. All RigHts ReSeRVed. 


BusInESS
MArket reBOuNDS, buT nOt StaBiLItY
HousTon chronicLe News ServIce

03/24/2001
hoUston ChronicLE
3 StAR
1
(CopyrigHt 2001)

NeW YORK - BatterEd pRices aNd FreSH memoRieS of a rEmarkaBLe rallY attracteD 
bARgain hUNters on fRIdAy to Pick up a wide array oF ThE Stock market's 
ofFeringS. 
THE nATIon'S laRgest technOlOgy coMPanies pOStED STroNG gains, and the DOw 
Jones induSTriAl averAgE puT Some diStancE bETweEn itself and The dEfinition 
Of a beaR Market, wHIch it haD tempoRarIly DropPEd BeLow On tHurSDaY beFOre 
ReboundiNg FrOm a stEep dECLINe.
BuT as CorpOrate Earnings contiNue To erODe aNd ecoNomic ViewS oNly grOw 
murkIer, moDeSt reversals and eVen mOre wild swIngS sEem LiKely bEFore stOck 
PriCes settLe on a coNSisTeNT DIrEction again, market aNaLYStS said. 
"I thInk theSE kInD Of market SwIngS are GOIng to Be tyPIcAl," said DaVid 
HenWOoD, cHief invEsTment oFfIceR foR RaymONd JaMes & AssOciates. "IS therE 
Anything out theRE on the horizon TO cAUSe YOu to BelIeve there's aNy 
suSTainAbilITy To iT?" 
the DoW gainEd 115.30 POiNTs, or 1.2 percent, to close aT 9,504.78, wIth a 
stRong cOntribution frOm its technOLOGy componEnts. 
dEsPIte Thursday's laTe ralLy and FridaY'S gains, thE Dow iS still doWn 
318.63 points, oR 3.2 PErcent, foR thE weEk. 
"THe mARKeT still appears TO Lack CoNfidencE anD convicTioN," saId ALan 
acKerman, marKet stratEgIsT fOr fahNestoCK & Co., a brokErAge FiRm. 
"COrporATe earnIngs vIsibIlItY KeePs gettiNG pUSHed fUrThEr anD fuRtHer 
baCk." 
MeANwhIle, the tEchnology-HeaVY NasDaQ cOmpositE index rose 30.98 poiNtS, or 
1.6 percent, To 1,928.68, BriNging iTS Gain for tHe week to 2 percent. 
And the StANdard & PoOr's 500-Stock IndeX gained 22.25 poIntS, or 1.99 
perCenT, To 1,139.83, leavIng it dOwn 1 peRcEnt FOR the wEEK. 
IN paRt, The stock maRKEt's NewfoUnD strEngth seEmed to reflect a sort OF 
afTerglow followIng The DOW'S rAllY thURsdAy AFteRNOon
 General is making money,and Enronstill  is  wi ll ingto sell the Orego n  uti lity.

Copyright, 2000  DowJo n es & Co mpany , Inc.A ll R igh ts  R ese rv e d.  


B USI NESS
Ma rket rebou nds ,but not stab i li ty
Houston  Ch ronicle News  Se rvice
0 3/2 4 /2001 
Ho uston  Chron i cle
3STAR
1
(C op y right2 001)

N E W  Y ORK- Battered prices an d  fresh memorie s of a  r e ma r k abl e r ally attra ct ed 
b a rgain h u nt e r s  on Friday to pic k up a wide arr ay ofth e s t ock ma rket' soff erings. 
Th e na tion's la rgestt echnolo g y compa nies p ost edstro n gga ins ,a ndt he  Do w  
J ones ind us tr ial a vera g e p ut s ome  dis tance  between itse lfandt hedefin ition  
of  a  bear  marke t, wh ic h it had tempor aril y dropped  be lo w o nThurs d ay bef ore  
r eboundi ng from a s te e p de cline.
But as corp or a t eearnings  conti n ue  t o  erode a nd  ec onom i c  view s on l ygrow 
mu rkier, mo de st reve rs als an deve n m ore w i ld s wingsseem lik ely b e fore stock 
pr i ces settle on ac o ns i sten t d irection ag ain, mark et a n al yst s  said . 
"I  t h in k  these kind of mark et  swing s are  going to betypical,"s a i d David
Hen w oo d , chief invest mentofficer fo r  Raymond  Jame s & Asso ciates. " I s  there any thi ngout t he re on the hor i z on t ocause y outo beli eve  th ere 'san y 
sustai nability  t oit ?"  
T he Do w  gained11 5.3 0poi nts,o r 1.2perce nt,to  c l ose  at 9,5 0 4. 7 8 , wi th  a  
st ron gcontr ibut i onfrom it s technol ogy comp on en ts. 
De spite Thursda y' s late ral ly  an d Frid a y 's gains , the Dow is still down 
318.63  po ints,  or3.2 perce nt,  for t hew eek. "The m arket  s til l appea r s  t o l ac k confiden c e  an d con vi ctio n," sai d Alan 
Ackerman,m ark et strategist  fo r Fa h n es toc k  & Co. ,a  br o k erage firm. 
"C orporate e ar n in gs visibil i tyke eps get ting pu shedf urtherand furth er 
back. "
Mea n w hil e, the tec hnology- heavy Nas d aq co m po siteind ex ros e30. 98 po ints,o r 1.6 p ercent ,to 1,9 28.68 ,bringing  its gain for the weekto 2 p ercen t.
And theSta n dar d & Poor' s 50 0-stock in dex  ga ined22. 2 5 poi nts, or  1. 9 9 
pe rcen t , to 1,13 9 .8 3,l e av ing it down 1 per centfor the we ek.
In part, the sto c k market's new foun d str eng t h se em ed to reflecta s or t of 
afte rg low followi ng the D ow ' s ral ly Thu rsdayafterno o n 
 General_is making_money, and Enron still_is willing_to_
sell the_Oregon_utility.

Copyright, 2000 Dow_Jones & Company,_Inc. All Rights Reserved._


BUSINESS
Market rebounds, but_not_stability
Houston Chronicle News Service

03/24/2001
Houston Chronicle
3 STAR
1
(Copyright 2001)

NEW YORK - Battered prices and fresh memories_of_a remarkable_rally_attracted_
bargain hunters on Friday to_pick up a wide array_of the_stock market's 
offerings. 
The nation's largest technology companies_posted_strong gains, and_the Dow 
Jones industrial average put some distance between_itself and the definition 
of a_bear market, which_it_had_temporarily dropped below on_Thursday before 
rebounding from a steep_decline.
But as corporate earnings continue to_erode and economic views only grow 
murkier,_modest reversals and even more wild_swings seem likely before stock_
prices settle_on a consistent direction again,_market analysts said._
"I think_these kind of_market swings are going to be_typical," said David_
Henwood, chief investment officer for Raymond_James_& Associates. "Is_there_
anything_out there_on the horizon_to_cause you_to_believe there's any 
sustainability to it?"_
The_Dow gained 115.30 points, or 1.2 percent,_to close at 9,504.78,_with_a 
strong contribution from_its technology components. 
Despite Thursday's_late rally and Friday's gains, the_Dow is_still down_
318.63 points, or 3.2 percent, for the week. 
"The market still_appears to lack confidence and conviction,"_said Alan 
Ackerman, market_strategist for_Fahnestock_& Co., a_brokerage_firm. 
"Corporate_earnings visibility keeps getting pushed further and_further 
back."_
Meanwhile, the technology-heavy Nasdaq composite index_rose 30.98 points, or_
1.6_percent, to 1,928.68, bringing its gain_for the week to 2 percent._
And the Standard & Poor's_500-stock_index_gained 22.25 points, or 1.99_
percent, to 1,139.83, leaving it down_1 percent for_the week. 
In part, the stock market's_newfound_strength seemed to reflect a sort_of_
afterglow following the Dow's rally Thursday_afternoon