SEC NEWS DIGEST Issue 2003-88 May 8, 2003 RULES AND RELATED MATTERS MANDATED ELECTRONIC FILING OF OWNERSHIP REPORTS On May 7, the Commission issued a release adopting new rules and amendments mandating the electronic filing of beneficial ownership reports filed by officers, directors and principal security holders under Section 16(a) of the Securities Exchange Act of 1934, and requiring issuers with corporate websites to post these reports. The new rules and amendments, effective June 30, 2003, implement the requirements of Section 16(a)(4), as amended by Section 403 of the Sarbanes-Oxley Act of 2002. (Rels. 33-8230; 34-47809; 35-27674; IC- 26044; File No. S7-52-02) ENFORCEMENT PROCEEDINGS IN THE MATTER OF DENNIS WARD An Administrative Law Judge has issued an Initial Decision in Administrative Proceeding in the matter of Dennis E. Ward, finding that the Respondent willfully aided and abetted, and caused a registered broker-dealer's violations of Sections 15(b)(7) and 17(a) of the Securities Exchange Act of 1934 and Rules 15b7-1 and 17a-3 thereunder. The Initial Decision imposes a suspension, cease-and-desist order, disgorgement, and civil monetary penalty against the Respondent. (Initial Decision No. 226; File No. 3-10485) NANCY CHEAL, PROMOTER OF FRAUDULENT INTERNET TRADING SCHEME, PERMANENTLY ENJOINED FROM COMMITTING SECURITIES FRAUD AND ORDERED TO PAY DISGORGEMENT AND A $500,000 CIVIL PENALTY The Commission announced today that it obtained a permanent injunction against Nancy J. Cheal and an order that she pay disgorgement and a $500,000 civil penalty. The final judgment orders Cheal to satisfy her disgorgement obligation by complying with the order of restitution to be entered against her in a parallel criminal proceeding entitled U.S. v. Nancy J. Cheal, D.Mass. Criminal No. 01-10076-RWZ. In addition, the final judgment orders Richard L. Birmingham, a relief defendant, to pay disgorgement and prejudgment interest totaling $1,095,345. U.S. District Court Judge Edward F. Harrington entered a final judgment against the defendants on April 21, 2003. On Jan. 31, 2000, the Commission filed a Complaint against Cheal (d/b/a Relief Enterprise) and relief defendant Birmingham, alleging that Cheal, directly and through representatives, raised more than $1.5 million in a Prime Bank-like investment fraud perpetrated over the Internet and by other means. The Commission alleged that Cheal, doing business as Relief Enterprise, fraudulently offered and sold investments in a bank debenture trading program by making baseless promises of a 100% weekly return on a website and through other means of solicitation. According to the Commission's complaint, a substantial amount of the money raised from investors was deposited to a bank account controlled by Birmingham, who used it to pay various expenses, including debit card withdrawals at a casino. The Court, in connection with the allegations related to this scheme, permanently enjoined Cheal from violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections 17(a), 5(a) and 5(c) of the Securities Act of 1933. On Oct. 15, 2002, Cheal pleaded guilty to seven criminal charges based upon the same factual conduct, including five counts of mail fraud and two counts of wire fraud, in the United States District Court for the District of Massachusetts. Cheal was sentenced on February 20, 2003 to 87 months in prison and ordered to pay restitution to the victims of the scheme. [SEC v. Nancy J. Cheal, individually and d/b/a Relief Enterprise, et al. (USDC for the District of Massachusetts, C.A. No. 00 CV 10182-EFH] (LR-18123) SEC CHARGES FORMER CHAIRMAN AND CEO OF NESCO, INC. WITH FINANCIAL FRAUD On May 7, the Commission filed a civil lawsuit in the U.S. District Court for the Northern District of Oklahoma (Tulsa Division) against Eddy L. Patterson, the former chairman and CEO of Nesco, Inc., a former Nasdaq company based in Tulsa, Oklahoma. The complaint alleges that Patterson orchestrated a false-invoice scheme that inflated Nesco's pre- tax income for fiscal year 2000 by over 400% and for the first quarter of fiscal year 2001 by over 175%. The Commission coordinated its action with the U.S. Attorney's Office in Tulsa and the Internal Revenue Service Criminal Investigation Division, which simultaneously announced Patterson's indictment and arrest on related securities-fraud charges and on bank-fraud and tax-fraud charges. Patterson, age 59, resides in Bixby, Oklahoma. According to the Commission's complaint, Patterson grossly overstated Nesco's earnings by recording 28 bogus customer invoices totaling $2,153,986 in the fourth quarter of 2000 and one invoice totaling $183,385 in the first quarter of 2001. It is alleged that Nesco's former controller, who is now deceased, participated with Patterson in the scheme. The false invoices grossly overstated Nesco's pre-tax income as reported in its 2000 annual report and 2001 first-quarter report filed with the Commission. The complaint alleges that Patterson and the controller lied to Nesco's outside auditor to prevent discovery of the scheme during its audit of the company's 2000 fiscal year. In August 2001, Nesco's management discovered the scheme, ousted Patterson, launched an internal investigation, ordered a new outside audit, and filed amended annual and quarterly reports with the Commission, restating Nesco's financial results for the affected periods. The new audit ultimately revealed additional misstatements in Nesco's 2000 financial statements caused by failed internal controls unrelated to the bogus-invoice scheme. Nesco had overstated revenue from work in process by $923,244, overstated lease-contracts receivable by $460,466, and overstated other accounts receivable by an additional $575,252. These misstatements, combined with the bogus-invoice scheme, inflated Nesco's 2000 pre-tax income by over 840%. The Commission's complaint charges Patterson with securities fraud, circumventing internal controls, falsifying books and records, and lying to auditors and with aiding and abetting violations of the issuer- reporting, internal-controls, and books-and-records provisions of the federal securities laws. The Commission's complaint seeks permanent injunctive relief, a civil money penalty, disgorgement of the full amount of Patterson's Nesco compensation during the relevant period, and an officer-and-director bar. On May 7, the Commission also announced the institution of cease-and- desist proceedings against Nesco based on the aforementioned misconduct. The Commission simultaneously accepted Nesco's offer to consent to the entry of a cease-and-desist order from committing or causing any violation or any future violations of the issuer-reporting, books-and- records, and internal-controls provisions of the federal securities laws. [SEC v. Eddy L. Patterson, Civil Action No. 03-cv-302, USDC, ND Okla., Tulsa Division] (LR-18125; AAE Rel. 1776); (Administrative Proceeding - 34-47808; AAE Rel. 1775; File No. 3-11109) SEC BRINGS SETTLED ENFORCEMENT ACTIONS AGAINST ANDRX CORP. The Commission announced today that it filed settled enforcement actions against Andrx Corp. in connection with alleged accounting improprieties that occurred at Andrx and its Internet subsidiary, Cybear, Inc. Andrx has consented, without admitting or denying the Commission's allegations against it, to pay a civil penalty of $100,000 in a civil action filed in federal district court, and to the entry of an order (Order) by the Commission that it cease and desist from certain violations of the issuer reporting, books and records and proxy provisions of the Securities Exchange Act of 1934 (Exchange Act). The Commission's case arises from accounting improprieties in connection with a joint venture between Andrx and Cybear to sell Andrx distributed products over Cybear's website, and books and records violations regarding Andrx's accounts receivable balances between 1999 and 2002. More specifically, the complaint in the Commission's civil action (as well as Order in the related cease-and-desist proceedings) alleges that during the first two quarters of its fiscal year ended Dec. 31, 2000, Cybear improperly recognized as Internet revenue telephone orders taken by Andrx telemarketers. According to the Commission's complaint, telephone orders for Andrx distributed products that should have been recognized by Andrx were instead input onto Cybear's Internet website by Cybear employees and recognized by Cybear as revenue. In some instances, Cybear employees input orders onto the Internet for customers who did not have Internet access or a computer. The complaint alleges that these orders accounted for a majority of Cybear's reported revenues during the relevant time periods. According to the Commission's complaint, Cybear's recognition of these revenues was not in conformity with generally accepted accounting principles. The Commission's complaint further alleges that the Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A) section of Cybear's periodic filings with the Commission did not adequately disclose Cybear's revenues. Specifically, the complaint alleges that in July 2000, after senior management of Cybear and Andrx learned that Andrx telemarketing orders were being entered onto Cybear's website, Cybear described these sales as revenues derived from "orders placed through the Internet" in its Form 10-Q for the quarter ended June 30, 2000. Cybear also did not provide sufficient information regarding its revenues in a proxy solicitation sent to shareholders in connection with a corporate reorganization and tracking stock plan that created a separate tracking stock for Cybear. The Order in the related cease-and-desist proceedings against Andrx also finds that between 1999 and the quarter ended March 31, 2002, Andrx filed financial statements with the Commission that overstated Andrx's net accounts receivable, and understated the related provision for doubtful accounts, by an aggregate of approximately $5.4 million. This conduct resulted from the unauthorized actions of an Andrx employee, but led to violations by Andrx of the books and records and internal controls provisions of the federal securities laws. In August 2002, after learning of these improper entries, Andrx promptly reported them to the Commission staff and disclosed them in a press release and Commission filing. Based upon the conduct alleged in the complaint, the civil action alleges that Cybear violated Sections 13(a), 13(b)(2) and 14(a) of the Exchange Act and Rules 12b-20, 13a-13 and 14a-9 thereunder. The complaint also alleges that during the course of the Commission's investigation of Cybear's misconduct, Cybear's cooperation with the Commission's inquiry was at times less than complete. Without admitting or denying the Commission's allegations, Andrx has agreed to pay a $100,000 penalty based on Cybear's violations in order to settle the civil action. In the related cease-and-desist proceedings, the Commission ordered Andrx to cease and desist from committing or causing any violation and any future violations of Sections 13(a), 13(b)(2) and 14(a) of the Exchange Act and Rules 12b-20, 13a-13 and 14a-9 thereunder, and ordered Scott Lodin, Andrx's general counsel, to cease and desist from causing any violations and any future violations of Section 13(a) of the Exchange Act and Rules 13a-13 and 12b-20 thereunder. The Commission also issued a separate order against Timothy E. Nolan, the former president and chief operating officer of Cybear, which ordered him to cease and desist from causing any violations and any future violations of Section 13(a) of the Exchange Act and Rules 13a-13 and 12b-20 thereunder. [SEC v. Andrx Corp., Civil Action No. 03-60838-CIV-Zlock, S.D. Fla.] (LR- 18126; AAE Rel. 1777) SELF-REGULATORY ORGANIZATIONS IMMEDIATE EFFECTIVENESS OF PROPOSED RULE CHANGE A proposed rule change (SR-NASD-2003-76) filed by the National Association of Securities Dealers on behalf of The Nasdaq Stock Market, Inc. restating Nasdaq's certificate of incorporation has become effective under Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication of the proposal is expected in the Federal Register during the week of May 12. (Rel. 34-47801) PROPOSED RULE CHANGE The American Stock Exchange filed a proposed rule change (SR-Amex-2003- 34) relating to Indications, Openings and Re-Openings. Publication of the notice is expected in the Federal Register during the week of May 12. (Rel. 34-47796) SECURITIES ACT REGISTRATIONS The following registration statements have been filed with the SEC under the Securities Act of 1933. The reported information appears as follows: Form, Name, Address and Phone Number (if available) of the issuer of the security; Title and the number and/or face amount of the securities being offered; Name of the managing underwriter or depositor (if applicable); File number and date filed; Assigned Branch; and a designation if the statement is a New Issue. Registration statements may be obtained in person or by writing to the Commission's Public Reference Branch at 450 Fifth Street, N.W., Washington, D.C. 20549 or at the following e-mail box address: . In most cases, this information is also available on the Commission's website: . S-4 MERITAGE CORP, 8501 E. PRINCESS DRIVE, STE 290, SCOTTSDALE, AZ, 85255, 4802222444 - 50,000,000 ($51,625,000.00) Non-Convertible Debt, (File 333-105043 - May. 7) (BR. 06) S-3 INTERNATIONAL SPEEDWAY CORP, 1801 W INTERNATIONAL SPEEDWAY BLVD, DAYTONA BEACH, FL, 32114-1243, 3862542700 - 0 ($158,290,869.12) Equity, (File 333-105044 - May. 7) (BR. 05) S-8 UNITY BANCORP INC /DE/, 64 OLD HIGHWAY 22, CLINTON, NJ, 08809, 9087307630 - 0 ($1,302,000.00) Equity, (File 333-105045 - May. 7) (BR. 07) S-8 NUCLEAR SOLUTIONS INC, 1050 CONNECTICUT AVENUE, N.W.,SUITE 1000, WASHINGTON, DC, 20036, 2027723133 - 345,000 ($155,250.00) Debt Convertible into Equity, (File 333-105046 - May. 7) (BR. 01) S-8 CORONADO INDUSTRIES INC, 16929 EAST ENTERPRISE DRIVE, SUITE 202, FOUNTAIN HILLS, AZ, 85268, 6028376810 - 10,000,000 ($250,000.00) Equity, (File 333-105049 - May. 7) (BR. 01) S-8 UNIVERSAL ICE BLAST INC, 533 6TH STREET SOUTH, KIRKLAND, WA, 98033, 4258831470 - 8,200,000 ($541,200.00) Equity, (File 333-105050 - May. 7) (BR. 36) S-8 EPIC FINANCIAL CORP, 3300 IRVINE AVENUE, SUITE 220, NEWPORT BEACH, CA, 92660, (949) 622-1130 - 1,250,000 ($1,000,000.00) Equity, (File 333-105052 - May. 7) (BR. 09) S-3 NETOPIA INC, 2470 MARINER SQUARE LOOP, ALAMEDA, CA, 94501, 5108145100 - 0 ($703,500.00) Equity, (File 333-105053 - May. 7) (BR. 03) N-2 PREFERRED INCOME STRATEGIES FUND II INC, 800 SCUDDERS MILL ROAD, PLAINSBORO, NJ, 08536, 6092822116 - 40,000 ($1,000,000.00) Equity, (File 333-105054 - May. 7) (BR. ) S-3 BOND PRODUCTS DEPOSITOR LLC, BANK OF AMERICA CORPORATE CENTER, CHARLOTTE, NC, 28255, 7043884811 - 1 ($1,000,000.00) Equity, (File 333-105055 - May. 7) (BR. ) S-8 DARDEN RESTAURANTS INC, 5900 LAKE ELLENOR DR, ORLANDO, FL, 32809, 4072454000 - 0 ($100,000,000.00) Other, (File 333-105056 - May. 7) (BR. 05) S-8 EMC CORP, 176 SOUTH STREET, HOPKINTON, MA, 01748-9103, 5084351000 - 0 ($593,450,000.00) Equity, (File 333-105057 - May. 7) (BR. 03) S-8 FIBERNET TELECOM GROUP INC\, 570 LEXINGTON AVENUE, 3RD FLOOR, NEW YORK, NY, 10022, 2124056200 - 165,000,000 ($39,619,626.08) Equity, (File 333-105058 - May. 7) (BR. 37) S-8 ZIX CORP, 2711 NORTH HASKELL AVENUE, SUITE 2300, LB 36, DALLAS, TX, 75204-2960, 214-370-2000 - 0 ($4,981,500.00) Equity, (File 333-105059 - May. 7) (BR. 03) S-3 ZIX CORP, 2711 NORTH HASKELL AVENUE, SUITE 2300, LB 36, DALLAS, TX, 75204-2960, 214-370-2000 - 0 ($2,432,522.00) Equity, (File 333-105060 - May. 7) (BR. 03) SB-2 ONE VOICE TECHNOLOGIES INC, 6333 GREENWICH DR #240, SAN DIEGO, CA, 92122, 6195524466 - 23,492,861 ($2,349,286.10) Equity, (File 333-105061 - May. 7) (BR. 03) S-3 ENESCO GROUP INC, 4135623631 - 0 ($1,630,000.00) Equity, (File 333-105062 - May. 7) (BR. 02) S-8 ENESCO GROUP INC, 4135623631 - 0 ($32,500.00) Equity, (File 333-105063 - May. 7) (BR. 02) S-3 IRVINE SENSORS CORP/DE/, 3001 REDHILL AVE, COSTA MESA, CA, 92626, 7145498211 - 1,919,231 ($2,552,557.23) Equity, (File 333-105064 - May. 7) (BR. 36) S-8 HONEYWELL INTERNATIONAL INC, 101 COLUMBIA RD, PO BOX 4000, MORRISTOWN, NJ, 07962, 9734552000 - 24,907,657 ($595,043,925.73) Equity, (File 333-105065 - May. 7) (BR. 05) S-8 IRVINE SENSORS CORP/DE/, 3001 REDHILL AVE, COSTA MESA, CA, 92626, 7145498211 - 1,500,000 ($1,995,000.00) Equity, (File 333-105066 - May. 7) (BR. 36) S-8 T & G2, 65 LA GRANDE AVE., BERKELEY HEIGHTS, NJ, 07922, 9085089009 - 19,772,728 ($1,087,500.00) Equity, (File 333-105067 - May. 7) (BR. 03) SB-2 TITAN WEB SOLUTIONS INC, 187 EDWARD CRESCENT, PORT MOODY BC CANADA, A1, V3H3JB, 3,500,000 ($35,000.00) Equity, (File 333-105068 - May. 7) (BR. ) N-2 LEHMAN BROTHERS FIRST TRUST INCOME OPPORTUNITY FUND, 0 ($15,000.00) Equity, (File 333-105069 - May. 7) (BR. ) S-3 SIERRA PACIFIC RESOURCES /NV/, PO BOX 30150, 6100 NEIL RD, RENO, NV, 89511, 7758344011 - 0 ($300,000,000.00) Debt Convertible into Equity, (File 333-105070 - May. 7) (BR. 02) S-3 RACING CHAMPIONS ERTL CORP, 800 ROOSEVELT ROAD BUILDING C SUITE 320, GLEN ELLYN, IL, 60137, 6307903507 - 133,333 ($21,106,662.00) Equity, (File 333-105071 - May. 7) (BR. 02) RECENT 8K FILINGS Form 8-K is used by companies to file current reports on the following events: Item 1. Changes in Control of Registrant. Item 2. Acquisition or Disposition of Assets. Item 3. Bankruptcy or Receivership. Item 4. Changes in Registrant's Certifying Accountant. Item 5. Other Materially Important Events. Item 6. Resignations of Registrant's Directors. Item 7. Financial Statements and Exhibits. Item 8. Change in Fiscal Year. Item 9. Regulation FD Disclosure. The following companies have filed 8-K reports for the date indicated and/or amendments to 8-K reports previously filed, responding to the item(s) of the form specified. 8-K reports may be obtained in person or by writing to the Commission's Public Reference Branch at 450 Fifth Street, N.W., Washington, D.C. 20549 or at the following e-mail box address: . In most cases, this information is also available on the Commission's website: . STATE 8K ITEM NO. NAME OF ISSUER CODE 1 2 3 4 5 6 7 8 9 DATE COMMENT ------------------------------------------------------------------------------------ 1 800 CONTACTS INC DE X X 05/06/03 3 D SYSTEMS CORP DE X X 05/05/03 A21 INC TX X X 04/29/03 AMEND ABATIX CORP DE X 05/07/03 ADVANCED NEUROMODULATION SYSTEMS INC TX X 04/24/03 AEROFLEX INC DE X 03/31/03 AEROPOSTALE INC X X 05/07/03 AIRTRAN HOLDINGS INC NV X X 05/07/03 ALABAMA POWER CO AL X X 05/01/03 AMERICAN PACIFIC CORP DE X X 04/30/03 AMERICAN RESIDENTIAL INVESTMENT TRUST MD X X 05/05/03 AMYLIN PHARMACEUTICALS INC DE X 05/07/03 APARTMENT INVESTMENT & MANAGEMENT CO MD X X 05/06/03 APPLETON PAPERS INC/WI X X 05/07/03 ARIAD PHARMACEUTICALS INC DE X X 05/07/03 ARIZONA PUBLIC SERVICE CO AZ X 05/06/03 ASGA INC /NV NV X X 04/23/03 AUTONATION INC /FL DE X X 05/06/03 AVI BIOPHARMA INC OR X X 05/05/03 AVIALL INC DE X X 05/01/03 BALDWIN TECHNOLOGY CO INC DE X X 05/07/03 BALLY TOTAL FITNESS HOLDING CORP DE X X 05/07/03 BANC OF AMERICA MORT SEC INC ALTERNAT DE X X 04/25/03 BANC OF AMERICA MORT SEC INC MORT PAS DE X X 04/25/03 BANC OF AMERICA MORT SEC INC MORT PAS DE X X 04/25/03 BANC OF AMERICA MORT SEC INC MORT PAS DE X X 04/25/03 BANC OF AMERICA MORTGAGE SEC INC ALTE DE X X 04/25/03 BANC OF AMERICA MORTGAGE SEC INC MORT DE X X 04/25/03 BANC OF AMERICA MORTGAGE SEC INC MORT DE X X 04/25/03 BANC OF AMERICA MORTGAGE SEC INC MRT DE X X 04/25/03 BANCORPSOUTH INC MS X 05/05/03 AMEND BANK OF AMERICA MORT SEC INC MORT PAS DE X X 04/25/03 BARNES GROUP INC DE X X 05/07/03 BASIC TECHNOLOGIES INC CO X X 05/07/03 BAY STATE BANCORP INC DE X X 05/07/03 BEAR STEARNS ARM TRUST MORTGAGE PASS NY X X 04/25/03 BEAR STEARNS ARM TRUST MORTGAGE PASS X X 04/25/03 BEAR STEARNS ARM TRUST MORTGAGE PASS DE X X 04/25/03 BEAR STEARNS ARM TRUST MORTGAGE PASS NY X X 04/25/03 BEAR STEARNS ARM TRUST MORTGAGE PASS DE X X 04/25/03 BEAR STEARNS ARM TRUST MORTGAGE PASS NY X X 04/25/03 BEAR STEARNS ARM TRUST MORTGAGE PASS NY X X 04/25/03 BEAR STEARNS ARM TRUST MORTGAGE PASS- NY X X 04/25/03 BEAR STEARNS ARM TRUST MORTGAGE PASS- NY X X 04/25/03 BEAR STEARNS ASSET BACKED CERTIFICATE DE X X 02/25/03 BEAR STEARNS COMMERCIAL MORTGAGE SECU DE X X 04/01/03 BEARD CO /OK OK X X X 05/05/03 BELL INDUSTRIES INC /NEW/ CA X X 05/07/03 BIRNER DENTAL MANAGEMENT SERVICES INC CO X 05/07/03 BLACK BOX CORP DE X X 05/07/03 BOOTS & COOTS INTERNATIONAL WELL CONT DE X 05/07/03 BOSTONFED BANCORP INC DE X X 05/02/03 BRASS EAGLE INC DE X X 05/06/03 BRUKER DALTONICS INC DE X X 05/07/03 CALIFORNIA BEACH RESTAURANTS INC CA X X 05/07/03 CALPINE CORP DE X 05/06/03 CANARGO ENERGY CORP DE X X 05/02/03 CANDIES INC DE X 05/01/03 CARDIMA INC DE X X 05/07/03 CARNIVAL CORP DE X 05/06/03 CARNIVAL PLC X 05/06/03 CARRAMERICA REALTY CORP MD X 05/07/03 CATALINA LIGHTING INC FL X X 05/01/03 CATELLUS DEVELOPMENT CORP DE X X 05/06/03 CATHAY BANCORP INC DE X X 05/09/03 CENTEX FUNDING LLC CENTEX HOME EQ LN DE X X 04/25/03 CENTRAL EUROPEAN MEDIA ENTERPRISES LT X 05/07/03 CEPHALON INC DE X X 05/07/03 CHARTER COMMUNICATIONS INC /MO/ DE X X 05/07/03 CHASE FUNDING INC NY X X 04/27/03 CHATTEM INC TN X 05/07/03 CHECKERS DRIVE IN RESTAURANTS INC /DE DE X X X 04/29/03 CHELSEA PROPERTY GROUP INC MD X X 05/06/03 CHEVY CHASE AUTO RECEIVABLES TRUST 20 MD X 03/31/03 CHEVY CHASE AUTO RECEIVABLES TRUST 20 MD X 03/31/03 CHEVY CHASE AUTO RECEIVABLES TRUST 20 X 03/31/03 CHEVY CHASE AUTO RECEIVABLES TRUST 20 MD X 03/31/03 CHEVY CHASE AUTO RECEIVABLES TRUST 20 MD X 03/31/03 CHEVY CHASE HOME LOAN TRUST 1996-1 MD X 03/31/03 CHEVY CHASE HOME LOAN TRUST 1997-1 MD X 03/31/03 CHURCH & DWIGHT CO INC /DE/ DE X 03/28/03 CHURCHILL DOWNS INC KY X 03/31/03 CIMAREX ENERGY CO DE X X 05/07/03 CIRCOR INTERNATIONAL INC DE X X 04/23/03 AMEND CITIGROUP INC DE X 04/30/03 CLAYTON WILLIAMS ENERGY INC /DE DE X X 05/01/03 COMMONWEALTH BIOTECHNOLOGIES INC VA X 05/05/03 COMMUNICATION INTELLIGENCE CORP DE X 03/31/03 COMSHARE INC MI X X 05/07/03 COMSTOCK RESOURCES INC NV X X 05/07/03 COMVERSE TECHNOLOGY INC/NY/ NY X X 05/07/03 CONNETICS CORP DE X 05/06/03 CORNERSTONE PROPANE PARTNERS LP DE X X 05/07/03 CORRECTIONS CORP OF AMERICA MD X X X 05/07/03 CORTS TRUST FOR THE DOW CHEMICAL CO D DE X 05/01/03 CREDIT & ASSET REPACKAGING VEHICLE CO DE X 05/01/03 CRITICAL HOME CARE INC NV X 05/02/03 CSFB MORTGAGE SEC CORP HM EQU PASS TH DE X 05/07/03 CSFB MORTGAGE SEC CORP HOME EQ PASS T DE X X 04/25/03 CTI MOLECULAR IMAGING INC DE X 05/07/03 CUMULUS MEDIA INC DE X X 05/07/03 CURIS INC DE X 05/06/03 DELPHAX TECHNOLOGIES INC MN X X 05/07/03 DEUTSCHE MORTGAGE SECURITIES INC MORT X X 04/25/03 DIGITAL DATA NETWORKS INC WA X X 04/22/03 AMEND DIMON INC VA X X 05/07/03 DOLLAR GENERAL CORP TN X X 05/07/03 DOMINION HOMES INC OH X X 05/06/03 DONNELLEY R R & SONS CO DE X X 05/07/03 DOT HILL SYSTEMS CORP NY X X 05/06/03 DT INDUSTRIES INC DE X X 05/07/03 EATERIES INC OK X 03/30/03 EDGE PETROLEUM CORP DE X X 05/07/03 EDISON INTERNATIONAL CA X X 05/07/03 EDISON MISSION ENERGY CA X X 05/07/03 EDUCATIONAL DEVELOPMENT CORP DE X X 05/07/03 ELECTRONIC ARTS INC DE X X 05/06/03 AMEND ELECTRONIC DATA SYSTEMS CORP /DE/ DE X X 05/07/03 ELECTRONIC SYSTEMS TECHNOLOGY INC WA X X 05/02/03 EMCORE CORP NJ X X 05/07/03 EN POINTE TECHNOLOGIES INC DE X X 05/06/03 ENDWAVE CORP DE X 05/07/03 EPICUS COMMUNICATIONS GROUP INC FL X X 05/07/03 ETHYL CORP VA X X 05/06/03 EUNIVERSE INC NV X 05/06/03 EURONET WORLDWIDE INC DE X X 04/30/03 EVANS BOB FARMS INC DE X X 05/06/03 EVERGREEN SOLAR INC DE X X 05/07/03 EVERGREENBANCORP INC WA X X 04/30/03 EXCELLIGENCE LEARNING CORP DE X 05/07/03 EXELIXIS INC DE X 05/07/03 EXHAUST TECHNOLOGIES INC WA X X 04/23/03 AMEND EXXON MOBIL CORP NJ X 05/01/03 EZENIA INC DE X X X 04/30/03 FEDERAL REALTY INVESTMENT TRUST MD X X 03/31/03 FIBERNET TELECOM GROUP INC\ DE X X 05/07/03 FINANCIAL SECURITY ASSURANCE HOLDINGS NY X X 05/05/03 FIRST LITCHFIELD FINANCIAL CORP DE X 05/07/03 FIRST SHARES BANCORP INC IN X X 05/06/03 FORD MOTOR CREDIT CO DE X X 05/05/03 FOX ENTERTAINMENT GROUP INC DE X X 05/07/03 FRESENIUS MEDICAL CARE HOLDINGS INC / NY X X 05/07/03 FRIEDMAN BILLINGS RAMSEY GROUP INC VA X 05/07/03 GBC BANCORP CA X X 05/06/03 GERMAN AMERICAN BANCORP IN X X 05/01/03 GRAND CENTRAL FINANCIAL CORP DE X 05/07/03 GRANITE CONSTRUCTION INC DE X X 05/07/03 GSI LUMONICS INC A3 X X 05/07/03 GUESS INC ET AL/CA/ DE X X 05/07/03 HALLMARK FINANCIAL SERVICES INC NV X X 05/06/03 HALLWOOD REALTY PARTNERS L P DE X X 05/07/03 HANOVER DIRECT INC DE X X 05/07/03 HARRIS & HARRIS GROUP INC /NY/ NY X 05/05/03 HARVEY ELECTRONICS INC NY X 05/07/03 HARVEY ELECTRONICS INC NY X 05/07/03 HASTINGS MANUFACTURING CO MI X X 05/07/03 HBOA HOLDINGS INC FL X 05/05/03 HEALTHGATE DATA CORP DE X 05/07/03 HERBST GAMING INC NV X X 05/07/03 HESKA CORP DE X 05/07/03 HOME PROPERTIES OF NEW YORK INC MD X 05/06/03 HRPT PROPERTIES TRUST MD X X 05/05/03 IDACORP INC ID X 05/07/03 IMERGENT INC DE X X 03/31/03 IMH ASSETS CORP IMPAC CMB TRUST SERIE DE X 04/30/03 IMPAC MORTGAGE HOLDINGS INC MD X X 05/05/03 INDUSTRIES INTERNATIONAL INC NV X X 05/07/03 INERGY L P X X 05/07/03 INFOCROSSING INC DE X 05/07/03 INFORMATION HOLDINGS INC DE X 04/08/03 AMEND INSIGHT COMMUNICATIONS CO INC DE X X 05/06/03 INTEGRATED BIOPHARMA INC DE X X X 05/07/03 INTELLIGENT SYSTEMS CORP GA X X 05/07/03 INTERNATIONAL BANCSHARES CORP TX X X 05/07/03 INTERNATIONAL SMART SOURCING INC DE X X 05/02/03 AMEND INTERNATIONAL SPEEDWAY CORP FL X 05/07/03 IPC ACQUISITION CORP X X 05/06/03 IRON MOUNTAIN INC/PA PA X X 05/07/03 ITXC CORP NJ X 05/07/03 IVILLAGE INC DE X X 05/07/03 JARDEN CORP DE X X 05/01/03 JOULE INC DE X X 05/06/03 JUPITERMEDIA CORP DE X 05/06/03 LABARGE INC DE X X 05/07/03 LAFARGE NORTH AMERICA INC MD X 05/06/03 LAMAR ADVERTISING CO/NEW DE X 05/07/03 LBP INC DE X 04/16/03 LIBERTY MEDIA CORP /DE/ DE X X 05/05/03 LML PAYMENT SYSTEMS INC A1 X X 05/07/03 LOJACK CORP MA X X 05/07/03 MACDERMID INC CT X 05/07/03 MARTHA STEWART LIVING OMNIMEDIA INC DE X X 04/30/03 MASTERCARD INC DE X 05/07/03 MASTR SEASONED SECURITIZATION TRUST 2 DE X X 04/25/03 MATRITECH INC/DE/ DE X X 05/06/03 MAUI LAND & PINEAPPLE CO INC HI X 03/31/03 MAXIM PHARMACEUTICALS INC DE X 05/07/03 MAXTOR CORP DE X X 05/07/03 MBNA CORP MD X 05/07/03 MCDERMOTT INTERNATIONAL INC R1 X 05/06/03 MEDIA ARTS GROUP INC DE X X 05/07/03 MEMRY CORP DE X X 05/01/03 MERRILL LYNCH & CO INC DE X X 05/02/03 MERRILL LYNCH MORT INV INC MORT LN AS DE X X 03/26/03 MERRILL LYNCH MORT INVEST INC MLCC 20 DE X X 04/26/03 MERRILL LYNCH MORTGAGE INVESTORS INC DE X X 05/05/03 MERRILL LYNCH MORTGAGE INVESTORS TRUS DE X X 04/26/03 MGP INGREDIENTS INC KS X X 05/07/03 MICROHELIX INC OR X X 05/07/03 MIDDLEBY CORP DE X X 05/06/03 MIDWAY GAMES INC DE X X 05/06/03 MINE SAFETY APPLIANCES CO PA X X 05/07/03 MISSION ENERGY HOLDING CO DE X X 05/07/03 MODTECH HOLDINGS INC CA X X 05/07/03 MORGAN STANLEY DE X X 04/30/03 MORGAN STANLEY DEAN WITTER CAPITAL I DE X X 04/25/03 MORTGAGE ASSET SEC TRANS INC MRT PS T DE X X 04/25/03 MORTGAGE ASSET SEC TRANSACTIONS INC M DE X X 03/25/03 MORTGAGE ASSET SECURITIZATION TRANSAC DE X X 04/25/03 MQ ASSOCIATES INC X X 05/06/03 MRS FIELDS ORIGINAL COOKIES INC DE X X 05/07/03 MTR GAMING GROUP INC DE X X X 05/05/03 MYRIAD GENETICS INC DE X X 05/06/03 NATCO GROUP INC DE X X 05/06/03 NCO PORTFOLIO MANAGEMENT INC DE X X 05/06/03 NDCHEALTH CORP DE X X 05/07/03 NELSON THOMAS INC TN X 05/07/03 NEORX CORP WA X X 05/06/03 NETRATINGS INC DE X X 05/07/03 NEUROBIOLOGICAL TECHNOLOGIES INC /CA/ DE X X 05/07/03 NEWMONT MINING CORP /DE/ DE X X 05/07/03 NMT MEDICAL INC DE X 05/07/03 NORDSTROM INC WA X 05/07/03 NORTH BAY BANCORP/CA CA X X 05/02/03 NOVAMED EYECARE INC DE X X 05/07/03 NOVEON INC DE X X 05/07/03 NUTRI SYSTEM INC /DE/ DE X X 05/05/03 OAK TECHNOLOGY INC DE X X 05/04/03 OAKWOOD HOMES CORP NC X 04/22/03 OCEANEERING INTERNATIONAL INC DE X X 05/06/03 ODYSSEY HEALTHCARE INC DE X X 05/05/03 OHANA ENTERPRISES DE X 05/07/03 AMEND OLIN CORP VA X X 05/07/03 OLYMPIC RESOURCES LTD A1 X 05/07/03 ONVIA COM INC DE X X 05/07/03 OPTION ONE MORT ACCEPTANCE CORP ASSET DE X X 04/25/03 ORPHAN MEDICAL INC MN X X 05/05/03 PALLADIUM COMMUNICATIONS INC NV X X 05/07/03 PARK ELECTROCHEMICAL CORP NY X 05/07/03 PCD INC MA X 05/01/03 PDI INC DE X X 05/06/03 PECO II INC OH X X 05/07/03 PEMSTAR INC MN X X 05/07/03 PEREGRINE SYSTEMS INC DE X 04/21/03 PERFORMANCE FOOD GROUP CO TN X 05/07/03 PETROLEUM DEVELOPMENT CORP NV X 05/07/03 PHC INC /MA/ MA X 05/07/03 PHILADELPHIA SUBURBAN CORP PA X X 05/07/03 PINNACLE WEST CAPITAL CORP AZ X 05/06/03 PIXAR \CA\ CA X X 05/07/03 PLAYBOY ENTERPRISES INC DE X X 05/07/03 PMA CAPITAL CORP PA X X 05/07/03 POLYONE CORP X X 05/06/03 POTASH CORP OF SASKATCHEWAN INC X X 05/06/03 PRESTOLITE ELECTRIC HOLDING INC DE X 05/07/03 PRINCETON REVIEW INC DE X X 05/07/03 PRINCIPAL FINANCIAL GROUP INC DE X 05/07/03 PS BUSINESS PARKS INC/CA CA X 05/06/03 RACING CHAMPIONS ERTL CORP DE X 03/04/03 AMEND RADIOLOGIX INC DE X X 05/06/03 RAKO CAPITAL CORP NV X X 05/07/03 RANGE RESOURCES CORP DE X 05/07/03 RANGE RESOURCES CORP DE X X 05/06/03 RECKSON ASSOCIATES REALTY CORP MD X X 05/02/03 REINHOLD INDUSTRIES INC/DE/ DE X 05/01/03 REINK CORP X 05/05/03 RESOURCE AMERICA INC DE X 04/30/03 RIGEL PHARMACEUTICALS INC DE X 05/06/03 ROSLYN BANCORP INC DE X X 05/07/03 ROUSE COMPANY MD X X 05/07/03 SALOMON MORTGAGE LOAN TRUST SERIES 20 DE X X 04/25/03 SCHIMATIC CASH TRANSACTIONS NETWORK C FL X X 05/02/03 SCICLONE PHARMACEUTICALS INC CA X X 05/06/03 SCOTTISH ANNUITY & LIFE HOLDINGS LTD E9 X X 05/07/03 SEIBELS BRUCE GROUP INC SC X X 05/07/03 SEMCO ENERGY INC MI X 05/07/03 SEMOTUS SOLUTIONS INC NV X X 04/24/03 SEQUOIA MORTGAGE FUNDING CORP MD X X 04/30/03 SEQUOIA MORTGAGE FUNDING CORP MD X X 04/21/03 SEQUOIA MORTGAGE FUNDING CORP MD X X 04/21/03 SEQUOIA RESIDENTIAL FUNDING INC X X 04/21/03 SEQUOIA RESIDENTIAL FUNDING INC X X 04/21/03 SEQUOIA RESIDENTIAL FUNDING INC X X 04/21/03 SEQUOIA RESIDENTIAL FUNDING INC X X 04/21/03 SEQUOIA RESIDENTIAL FUNDING INC X X 04/21/03 SEQUOIA RESIDENTIAL FUNDING INC X X 04/21/03 SILICON VALLEY BANCSHARES DE X 05/07/03 SMARTDISK CORP DE X X 05/07/03 SONIC FOUNDRY INC MD X X 05/01/03 SOURCECORP INC DE X X 05/07/03 SOUTHERN CALIFORNIA EDISON CO CA X X 05/07/03 SOVEREIGN BANCORP INC PA X X 05/07/03 SOVRAN SELF STORAGE INC MD X 05/06/03 SPEAR & JACKSON INC X 05/06/03 STARTEK INC DE X X 05/07/03 STEINWAY MUSICAL INSTRUMENTS INC DE X X 05/06/03 STRUCTURED ASSET INVESTMENT LOAN TRUS DE X X 04/26/03 STRUCTURED ASSET INVESTMENT LOAN TRUS DE X X 04/26/03 STRUCTURED ASSET MORT INV INC BEAR ST DE X X 04/25/03 STRUCTURED ASSET MORT INV INC MORT PA DE X X 04/25/03 STRUCTURED ASSET MORT INV MORT PASS T NY X X 04/26/03 STRUCTURED ASSET MORT INV MORT PASS T DE X X 04/25/03 STRUCTURED ASSET SECURITIES CORP MOR DE X X 04/25/03 STRUCTURED PRODUCTS CORP DE X 05/01/03 STRUCTURED PRODUCTS CORP MONTHLY PAY DE X 05/02/03 SUREBEAM CORP DE X X 05/07/03 SUREQUEST SYSTEMS INC NV X X 04/22/03 SWIFT ENERGY CO TX X X 05/07/03 SYMONS INTERNATIONAL GROUP INC IN X 05/05/03 TALX CORP MO X 05/07/03 TECO ENERGY INC FL X 05/06/03 TECUMSEH PRODUCTS CO MI X X 05/06/03 TEKELEC CA X X 04/30/03 TELAXIS COMMUNICATIONS CORP MA X 05/01/03 TENET HEALTHCARE CORP NV X 05/06/03 TERRA INDUSTRIES INC MD X X 05/06/03 THQ INC DE X X 05/07/03 TITANIUM METALS CORP DE X X 05/07/03 TOO INC DE X X 04/29/03 TRANS GLOBAL SERVICES INC DE X X 04/08/03 AMEND TRANSTECHNOLOGY CORP DE X X 05/05/03 TRIMAS CORP DE X X 02/21/03 AMEND TRITON PCS HOLDINGS INC X X 05/07/03 TSI TELECOMMUNICATION SERVICES INC DE X 05/05/03 TUCOWS INC /PA/ PA X X 05/07/03 UNITED FIRE & CASUALTY CO IA X X 05/05/03 UNITED STATES STEEL CORP DE X 05/06/03 UNITED SURGICAL PARTNERS INTERNATIONA DE X X 05/07/03 UNITY BANCORP INC /DE/ DE X X 04/21/03 UNIVERSAL CORP /VA/ VA X X 05/06/03 US AIRWAYS GROUP INC DE X X 05/07/03 US AIRWAYS GROUP INC DE X X 05/07/03 US UNWIRED INC LA X X 05/07/03 VECTOR HOLDINGS CORP NV X X 05/07/03 VENUS EXPLORATION INC DE X X 04/21/03 VERSATA INC DE X X 05/07/03 VIALINK CO DE X 05/07/03 VIROPRO INC NV X X 02/11/03 AMEND VISHAY INTERTECHNOLOGY INC DE X X 04/30/03 WAL MART STORES INC DE X 05/07/03 WAMU MORTGAGE PASS THROUGH CERTIFICAT DE X 05/06/03 WARNACO GROUP INC /DE/ DE X X 05/07/03 WATERFORD GAMING FINANCE CORP DE X 03/31/03 WATERFORD GAMING LLC DE X 03/31/03 WATSON WYATT & CO HOLDINGS DE X 03/31/03 WAVE SYSTEMS CORP DE X 04/30/03 WELLPOINT HEALTH NETWORKS INC /DE/ DE X X 05/01/03 WELLS FARGO ASSET SEC CORP MORT PASS DE X X 04/25/03 WELLS FARGO ASSET SEC CORP MORT PA TH DE X X 04/25/03 WELLS FARGO ASSET SEC CORP MORT PASS DE X X 11/26/02 WELLS FARGO ASSET SEC CORP MORT PASS DE X X 04/25/03 WELLS FARGO ASSET SEC CORP MORTGAGE P DE X X 04/25/03 WELLS FARGO MORTGAGE BACKED SECURITIE DE X X 04/25/03 WELLS FARGO MORTGAGE BACKED SECURITIE DE X X 04/25/03 WESTERN DIGITAL CORP DE X 05/07/03 WESTPORT RESOURCES CORP /NV/ NV X 05/06/03 WINDROSE MEDICAL PROPERTIES TRUST MD X 05/07/03 WINSTON HOTELS INC NC X 05/07/03 WISEDRIVER COM INC DE X 03/15/03 AMEND WORTHINGTON INDUSTRIES INC OH X X 04/21/03 AMEND WTC INDUSTRIES INC DE X X 05/05/03 ZORAN CORP \DE\ DE X X 05/04/03