Winnipeg Free Press

Winnipeg Free Press (Newspaper) - March 13, 2001, Winnipeg, Manitoba B4 business Winnie he Fennii March 2001 Kathy Willens associated press tourists watch the action from above at the Nash a Market site in new York investor fear feeds on itself As Nash a Falls past by Amy Baldwin new York while investors for months have been Selling on fears about slumping earnings projections and the slowing yesterday they sold on fear As often happens when the Market slips beneath a Nice round like the Nash a Index the negative sentiment seems to be feeding on said Charles port Folio manager at avatar the Nash a finished yesterday Down at nearly 62 per cent off its Peak of a year and the Selling spilled Over to the Dow which plunged to the Selloff also impacted the Toronto Stock Exchange 300 composite which fell Points or per cent to we Are getting some semblance of panic said Ricky a technical Ana Lyst for Wachovia but with the personal computer and Fibre optics a part of life that int Likely to Dis Why All the worry about the future of tech stocks the answer is painfully say analysts like White and prices Are still too High and earnings Are too Low and Are expected to remain Lousy All even the safest tech stocks like Intel and Cisco systems Are too the analysts for investors look further than the grim outlooks and layoffs the Chip and semiconductor makers announced last igniting this latest big these Are Good companies but Good Compa Nies get Harrington Given the tech sectors Stellar sunup followed by its pitiful Market professionals admit its hard these Days to determine whats a Good Price for tech the prices look cheap when compared with last years Intel monday closing Price of for is Down about 77 per cent from its March Price of although Intel Price earnings or the amount investors pay per share for a company has come Down to 29 from 100 or that still too said who added Hes not sure what would be an appropriate cant even Tell you How Long its going to be until the Stock Price moves higher and its still trading at 29 times he investors had thought big names like the so called Blue chips of the tech were immune to the slowing Economy and waning con Sumer which helped put lesser companies with even ski pier or nonexistent earnings namely Dot corns but Market observers say the Market now sees the tech sectors problems Arent so limited and that it just took longer for the sturdier companies to suffer along with the rest of the people Are now realizing that Cisco and Intel were exposed to the rest of the tech sectors a lot of their customers were the old Dot corns and the whole Industry is said Charles professor of finance at Columbia University graduate school of Busi associated press the free press i were there for you e4bu1w Bun Tan studios your station my qx104 your vacation the Winnipeg free Selkirk travel i and fab Tan want to Send you to Minneapolis to see the George Strait festival May this show features Leeann ale Lonestar and Many Morel listen Lor the sound of the Jet for your Chance to be the 4th caller through youll automatically win a tanning certificate Courtesy of fab Tan tanning studio plus Register to win the trial fill in the entry form and drop it off or mail it in for another Chance to will 1 draw will be held daily from All entries received and the Winner will also be registered Ron Able and the waking Crew will make the grand prize announcement on March your Chance to take in the George Strait music festival in the Winnipeg free Selkirk fab Tan and your qx104 entry form 0 fill out the entry form and drop it off at the Winnipeg free press 1355 Mountain orafqx104fm or mall to qx104 pm Jet unit c1045 James postal my r3h 1b1 Ennis Are in ship shape labour sponsor Edmunds holding their own by Geoff Kirbyson despite a sluggish resp Manito Bas two labour sponsored funds combined didst fare too while Crocus investment fund saw its sales drop nearly 25 per cent to Ennis growth fund had new sales of More than up 18 per cent from last Ken Enniss attributed the increased sales to growing acceptance by Finan Cial who have become More comfortable with the Ennis business in recommending it to in this resp environment that is generally Way Down from last were very said Ken Enniss adding that its three year sales total is now despite the decrease in his funds sales Crocus chief investment officer James Umlah said he was satisfied with the Given the Market conditions for risk related assets Mutual fund sales were Down across the Board were very pleased with the sales this with More than you can reach some saturation in the but were still the largest labour sponsored fund in the Market place and were Happy with he adding its Lightyear sales total Rose to Kirk Otta abased senior research Ana Lyst for Macdonald said the Mil lion raised by both Crocus and Ennis up nearly eight per cent from the million raised last year is admirable considering the markets poor performance since last summer and the decline in Cap ital raising in the since the third Quarter of its impressive to see the venture capital Market in Manitoba going anything that involves an increase is Good when youre watching the trend line in capital markets he not ing labour sponsored funds tend to outperform when markets Are labour sponsored funds perform in a counter cyclical because of the tax people May invest in them regardless of the Market but i was surprised to see Crocus num Bers fall off from the last two they have always struck me As having a pretty Good Market ing he Falconer added a Strong labour sponsored mar Ket is even More important in Manitoba because it has fewer corporate and institutional fundraising sources compared to other Bicknell said the recent Market turmoil has meant Many companies have experienced difficulty in raising capital through traditional due to Industry labour sponsored funds can Only invest 75 per cent of the Money they we think were going to have More opportunities available to us than the Money we raised would this is a great time for venture capital funds to be companies Are needing an institutional round of financing to Bridge their growth needs until the markets that the space were he Crocus has approximately million invested in 55 Manitoba companies and More than Ennis has More than million invested in 12 Manitoba firms and More than Napster filters face critical test tomorrow Agassiz by Bob Reefe san Diego Napster potential death struggle starts when the internet music swapping site must begin blocking Access to copy righted songs under a court order issued last but even before it can screen out the song titles that major record labels have already asked to be Napster users Are coming up with ways to circumvent the in forums on Napster web some have suggested that users spell song names backward to get around the screening others Are offer ing to set up computer servers in Canada and other countries that could be used to Access the taboo songs and avoid copyright one Napster Friendly service has even posted a software program called pig which uses simplified pig latin to bypass Napster screen ing the Down j Loadable software from puts the first letter of a song title or artists name at the so yesterday becomes or Back Street boys becomes ack Street the tricks Are popping up in reaction to a Federal judges order last week requiring Napster to remove a copyrighted song from its directory within three business Days after record labels ask it to do on the labels gave Napster an initial list of songs they want Napster has said it has the technology to screen but previous to do so have been less than Napster spokeswoman Karen Demarco said the company had no official com ment on whether it could Block Access to the titles by Napster has said it is always willing to Demarco that Why it developed this tech work who both sides know it will be Tough for Napster to keep its 50 million registered users from illegally swapping copyrighted Napster has a Monu mental task ahead of it to police its directory in a Way the court has told it to said internet Ana Lyst Steve yonder Haar of the Yankee group research its hard to police Nap sters service because the Redwood com Pany Doest store the actual songs on a Central i pro Vides a sear Chable directory of songs stored on its users computers world and the software to let those users Transfer those files Over the inter in her District judge Marilyn Hall Patel didst specify what would happen if Napster is unable to abide by her the courts could Rule that the service should be shut Down Cox news service xxx changes people didst know we were out there by Groft Kirbyson Don harms is hoping to put Agassiz brewing Back on Manitoba Beer drinkers radar just five months after being named general harms has orchestrated an overhaul at the Twoy Earold Winnipeg based in the process the brewery has discontinued its Pilsner adopted the Industry Standard bottle and repackaged its two remaining Catfish Cream ale and dark the moves come 10 months after the resignation of Gary de the Dri ving Force behind the and after a year in which sales were Down from the year people didst know we were out if they dont know youre out there not going to drink your harms adding an aggressive multimedia promotional including Sam pling at vendors and Manitoba liquor control commission Loca would get was nothing i a cos effective unique Shortneck bottle and adopts a marketing my the was pain in the ass to Deal with to priced to make your pulse to a4 t a turbocharged 17o he engine race bred 6valve engine technology a in dv8 if9andary drive available 68peed automatic with feature fou link front suspension feel your pulse quickening yet Audi Leas for James Volkswagen Audi 305 Madison of Ness 1 Block West of Polo Park 7881100 now with 4 o Kilometres of no charge scheduled Ohk to Kui print sit to a at Art m annual and special meeting notice is hereby Given that the annual and special meeting of the shareholders of air Canada will be held at the Fairmont two Lombard on May 2001 at the close of business on March 2001 has been fixed As the record Date for the shareholders entitled to receive the notice of the by order of the Board Paul vice president and corporate Secretary Quebec 2001 air Canada 06 honest Don by Agassiz brewing general manager necked bottle used by the vast majority of Beer producers in harms estimated Agassiz would reduce its bottle costs about it want a cos effective there was nothing about it that could be used As a Market ing it was a pain in the ass to Deal with to be he adding the possibility of adopting the old stubby bottle was even the new which was required to accommodate the taller Bot was finalized after focus group test he instead of emphasizing the the recipe itself is the focal Point on the which now include a 12pack for the Catfish Cream ale in addition to the six pack harms he added that in place of the Agassiz Hopes to introduce some new seasonal Beers in time for this the biggest Beer drinking time of the one thing that Agassiz wont be launching is a Light harms strength in numbers Winnipeg adults lie ;