SEC NEWS DIGEST Issue 2000-197 October 13, 2000 COMMISSION ANNOUNCEMENTS COMMISSION STAFF PROVIDES WRITTEN GUIDANCE ON IMPLEMENTING STAFF ACCOUNTING BULLETIN NO. 101, REVENUE RECOGNITION On October 12, the staff of the Commission published guidance on implementing Staff Accounting Bulletin (SAB) No. 101, which deals with revenue recognition issues. That guidance, in the form of a Frequently Asked Questions (FAQ) document, is available on the SEC's Internet site at www.sec.gov. Since the issuance of SAB 101 in December 1999, the staff has received and responded to a number of inquiries from auditors, preparers, and analysts about how the guidance in SAB 101 and the authoritative accounting literature on revenue recognition would apply to certain transactions. In addition, the staff received requests from registrants and their auditors earlier this year to defer the implementation date of SAB 101 to allow registrants more time to assess the impact, if any, that SAB 101 may have on registrants' financial statements. In response to those requests, the staff deferred the implementation date (through SAB 101A and SAB 101B) until no later than the fourth quarter of fiscal years beginning after December 15, 1999, and indicated that it would prepare the FAQ issued today. Lynn E. Turner, the Commission's Chief Accountant, said, "This FAQ responds to a number of common questions that registrants and their auditors have asked us." During the preparation of this FAQ, the staff obtained input from working groups consisting of representatives of major accounting firms and public registrants. In addition, the staff has held discussions with various industry groups to identify significant issues. This FAQ does not change the implementation date of, or guidance in, SAB 101. Registrants and their auditors are reminded of their disclosure obligations pursuant to SAB Topic 11M, Disclosure of the Impact that Recently Issued Accounting Standards Will Have on the Financial Statements of a Registrant When Adopted in a Future Period; AICPA professional standards section AU 9410.3, The Impact on an Auditor's Report of an FASB Statement Prior to the Statement's Effective Date; and Management's Discussion and Analysis. The disclosure should notify investors that guidance has been issued and should assist investors in assessing the significance of the impact that the guidance will have on the financial statements when implemented. For further information contact: Scott Taub or Scott Blackley in the Office of the Chief Accountant at (202) 942- 4400 or Robert Bayless in the Division of Corporation Finance at (202) 942-2960. (Press Rel. 2000-155) ENFORCEMENT PROCEEDINGS COMMISSION DECLARES DECISION AS TO WILLIAM LUCAS FINAL The decision of an administrative law judge with respect to William Lucas has become final. The law judge sanctioned Lucas based on findings that Lucas willfully violated antifraud provisions of the federal securities laws in connection with the offer and sale of Command Credit Corp. common stock. The law judge ordered that Lucas cease and desist from committing or causing any violations or any future violations of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5. The law judge also ordered that Lucas be barred from participating in the offering of any penny stock, and that he disgorge $4,210.22, plus prejudgment interest. (Rel. 34-43437; File No. 3-9144) TWO OWNERS OF MANHATTAN BROKERAGE FIRM, OTHERS PLEAD GUILTY TO CRIMMINAL FRAUD CHARGES On October 3, two principals of a Manhattan brokerage firm and two of its registered representatives pleaded guilty to criminal charges arising out of a fraudulent offering of the broker-dealer's own stock. The four individuals, Aron Oleg Bronstein, Tomer Matthew Yuzary, Roman Sakarovich, and Iosif Pak, were charged with conspiracy and securities fraud in a fourteen-count indictment issued earlier this year, along with the firm, The Golden Lender Financial Group, Inc., a/k/a J. P. Gibbons & Co., Inc.. U.S. v. Aron Oleg Bronstein, et. al., 00 Cr. 100 (S.D.N.Y.)(MBM). Each of the individual defendants pleaded guilty to charges that they defrauded investors by persuading them to buy Golden Lender stock through a series of false representations and material omissions. United States District Judge Michael B. Mukasey scheduled sentencing for the four defendants for January 19, 2001. Previously, the SEC filed a civil complaint in the United States District Court for the Southern District of New York against the same defendants based upon the same underlying conduct. SEC v. Aron O. Bronstein et. Al., 00 Civ. 1179(S.D.N.Y.) (LAK), Litigation Release No. 16441 (February 17, 2000). The SEC's complaint charges that from at least January 1998 through November 1999, the defendants raised at least $5,270,000 in a fraudulent, unregistered offering of Golden Lender stock. Specifically, the complaint alleges that, acting at the direction of Bronstein and Yuzary, Sakh and Pak sold Golden Lender stock to Golden Lender retail customers - including many elderly and infirm customers of modest means - using a high pressure sales pitch that included numerous material misrepresentations and omissions. Among other things, the defendants allegedly falsely represented that Golden Lender would soon conduct an initial public offering of its own stock and that investors would reap large profits once the firm went public and failed to disclose Golden Lender's precarious financial condition and the exorbitant payments to Bronstein and Yuzary drawn from investor funds. [U.S. v. Aron Oleg Bronstein, et al., 00 CR 100, SDNY, MBM] (LR-16762) U.S. DISTRICT COURT ISSUES PRELIMINARY INJUNCTION TO PREVENT TRANSFER OF GAMBLING CRUISE SHIP PURCHASED WITH FUNDS FROM OFFSHORE TRUSTS OF ADJUDICATED SECURITIES LAW VIOLATOR ROBERT BRENNAN AND REQUIRES ACCOUNTING FROM SHIP'S NOMINAL OWNER On October 12, the Honorable Richard Owen, U.S. District Judge for the Southern District of New York, issued a preliminary injunction against Defendant Robert E. Brennan and nonparty MJQ Corporation preventing the transfer of, and impairment of ownership interests in, a gambling cruise ship based in Fort Lauderdale known as the Palm Beach Princess. The Court found that the Commission established a prima facie case that Defendant Brennan has a beneficial interest in the Palm Beach Princess, which was in danger of being transferred or impaired absent injunction relief against both Brennan and MJQ, the ship's nominal owner. Therefore, the Court prohibited Brennan and MJQ from transferring the home port of the ship, operating it or dealing with its revenues outside of the ordinary course of business, or transferring its ownership or any security interest or otherwise impairing MJQ's capital structure. In addition, the Court ordered MJQ to provide an accounting of funds that were used to purchase and renovate the ship, and of the results of its current operations. The Commission sought the preliminary injunction after obtaining evidence that three offshore asset protection trusts established by Brennan under the law of Gibraltar had provided more than $12 million for the purchase and renovation of the ship to entities that were controlled by long-time Brennan associates. These transfers had gone through a series of conduits and been concealed until they were discovered as the result of international investigative efforts. In granting the preliminary injunction, the Court rejected MJQ's argument that that it lacked jurisdiction to enter a freeze and accounting order against MJQ because of Brennan's bankruptcy, as well as MJQ's argument that equitable relief could not be granted against a nonparty holding assets that can be traced to funds of an adjudicated securities law violator. The Commission thanks the Attorney General for the Isle of Man for the assistance given in this matter. [SEC v. Brennan, 85 Civ. 8585 RO, SDNY] (LR-16763) COURT ENTERS PRELIMINARY INJUNCTION AND CONTINUES ASSET FREEZE IN SEC ACTION AGAINST INVESTMENT ADVISER WHO DEFRAUDED CLIENTS OF $1.9 MILLION On October 6, after a hearing, the U.S. District Court in Springfield, Massachusetts entered a Preliminary Injunction, Order Continuing Freeze and Attachment of Assets and Order for Other Equitable Relief in the SEC's case against Robert C. Sears, based on allegations that Sears defrauded his investment advisory clients of over $1.9 million. The Court's order, among other things, continues the previously ordered freeze of defendants' assets. According to the Commission's complaint, filed on September 26, 2000, Sears misappropriated funds from clients' brokerage accounts and fraudulently induced other clients to transfer funds to an entity he controlled. Sears obtained over two thirds of the funds from elderly clients over 65. The Commission alleged that Sears accomplished his misappropriation by forging client signatures on letters directing the brokerage firms to transfer funds to his own corporation and on margin agreements to obtain unauthorized margin loans. According to the Commission's Complaint, Sears transferred his clients' money to Last Minute Concessions Inc., of which he is president and co-owner with James Casagrande. Last Minute used the money to buy a controlling interest in Cold Spring Golf Course Inc., a company developing a golf course, and an interest in Cold Spring Development Inc., building an associated condominium development. The Commission's complaint alleged that Sears violated the antifraud provisions of the federal securities laws. On September 26, 2000, the Honorable Frank H. Freedman of the U.S. District Court for the District of Massachusetts granted the Commission's motion for an ex parte order temporarily restraining the fraudulent activities and freezing the assets of Sears, freezing assets obtained by Last Minute, Casagrande and the golf and condominium companies from Sears' misconduct, and imposing other equitable relief. [SEC v. Robert C. Sears, et al., USDC, District of Massachusetts, C.A. No. 30170-FHF] (LR-16764) 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-1 SIRF TECHNOLOGY INC, 148 E BROKAW ROAD, SAN JOSE, CA 95112 (408) 467-0410 - $86,250,000 COMMON STOCK. (FILE 333-47452 - OCT. 06) (BR. 5) S-8 DIGITAL ISLAND INC, 45 FREMONT STREET SUITE 1200, 12TH FLOOR, SAN FRANCISCO, CA 94105 (415) 738-4100 - 78,679 ($1,752,968.12) COMMON STOCK. (FILE 333-47454 - OCT. 06) (BR. 8) S-1 OPTICAL ACCESS INC, 20415 NORDHOFF ST, CHATSWORTH, CA 91311 (818) 407-1801 - $108,000,000 COMMON STOCK. (FILE 333-47456 - OCT. 06) (BR. 36 - NEW ISSUE) S-3 OBJECTSOFT CORP, CONTINENTAL PLAZA III, 433 HACKENSACK, HACKENSACK, NJ 07601 (201) 343-9100 - 1,000,000 ($1,078,125) COMMON STOCK. (FILE 333-47458 - OCT. 06) (BR. 3) SB-1 NATIONAL MANUFACTURING TECHNOLOGIES, 1958 KELLOGG AVENUE, CARLSBAD, CA 92008 (760) 431-4999 - 7,555,311 ($8,170,818) COMMON STOCK. (FILE 333-47460 - OCT. 06) (BR. 3) S-8 MEEMIC HOLDINGS INC, 691 N SQUIRREL RD, STE 200, AUBURN HILLS, MI 84326 (248) 377-8582 - 300,000 ($6,412,500) COMMON STOCK. (FILE 333-47462 - OCT. 06) (BR. 1) S-3 CMS ENERGY CORP, FAIRLANE PLZ S STE 1100, 330 TOWN CENTER DR, DEARBORN, MI 48126 (313) 436-9261 - 300,000,000 ($300,000,000) STRAIGHT BONDS. (FILE 333-47464 - OCT. 06) (BR. 2) S-8 ROYAL PRECISION INC, 15170 NORTH HAYDEN ROAD, SUITE 1, SCOTTSDALE, AZ 85260 (602) 627-0200 - 750,000 ($1,605,000) COMMON STOCK. (FILE 333-47466 - OCT. 06) (BR. 5) SB-2 SURGILIGHT INC, 12001 SCIENCE DRIVE, SUITE 140, ORLANDO, FL 32826 (407) 482-4555 - 2,715,100 ($19,684,475) COMMON STOCK. (FILE 333-47492 - OCT. 06) (BR. 9) S-3 MDI ENTERTAINMENT INC, 201 ANN ST, SUITE 210, HARTFORD, CT 06103 (860) 527-5359 - 1,461,942 ($4,751,311.50) COMMON STOCK. (FILE 333-47498- OCT. 06) (BR. 9) S-8 COMVERSE TECHNOLOGY INC/NY/, 170 CROSSWAYS PARK DR, WOODBURY, NY 11797 (516) 677-7200 - 10,505 ($10,505) COMMON STOCK. (FILE 333-47502 - OCT. 06) (BR. 7) S-4 FELCOR LODGING L P, 545 E. JOHN CARPENTER FREEWAY, SUITE 1300, IRVING, TX 75062 (972) 444-4900 - 400,000,000 ($400,000,000) STRAIGHT BONDS. (FILE 333-47506 - OCT. 06) (BR. 8) S-8 GAP INC, ONE HARRISON, SAN FRANCISCO, CA 94105 (415) 952-4400 - 1,000,000 ($19,843,800) COMMON STOCK. (FILE 333-47508 - OCT. 06) (BR. 2) S-8 COMPUTER LEARNING CENTERS INC, 11350 RANDOM HILLS RD, STE 240, FAIRFAX, VA 22030 (703) 359-7000 - 1,000,000 ($1,020,000) COMMON STOCK. (FILE 333-47510 - OCT. 06) (BR. 8) S-3 KOMAG INC /DE/, 1710 AUTOMATION PWY, SAN JOSE, CA 95131 (408) 576-2000 - 4,255,656 ($14,296,450.76) COMMON STOCK. (FILE 333-47512 - OCT. 06) (BR. 2) SB-2 NETCO INVESTMENTS INC, 1502-1166 ALBERNI STREET, VANCOUVER, A8 00000 (604) 689-3141 - 4,250,000 ($42,500) COMMON STOCK. (FILE 333-47514 - OCT. 06) (BR. 9 - NEW ISSUE) S-8 ADVO INC, ONE UNIVAC LN, P O BOX 755, WINDSOR, CT 06095 (860) 285-6120 - 500,000 ($1,604,690) COMMON STOCK. (FILE 333-47516 - OCT. 06) (BR. 2) S-8 GILEAD SCIENCES INC, 333 LAKESIDE DR, FOSTER CITY, CA 94404 (650) 574-3000 - 750,000 ($75,210,937.50) COMMON STOCK. (FILE 333-47520 - OCT. 06) (BR. 1) SB-2 BUCS FINANCIAL CORP, 10455 MILL RUN CIRCLE, OWINGS MILLS, MD 21117 (410) 998-5961 - 542,225 ($5,422,250) COMMON STOCK. (FILE 333-47524 - OCT. 06) (BR. 7 - NEW ISSUE) S-8 SHOPKO STORES INC, 700 PILGRIM WAY, GREEN BAY, WI 54304 (920) 497-2211 - 300,000 ($3,150,000) COMMON STOCK. (FILE 333-47526 - OCT. 06) (BR. 2) S-8 COLONIAL BANCGROUP INC, ONE COMMERCE ST STE 800, P O BOX 1108, MONTGOMERY, AL 36104 (334) 240-5000 - 1,500,000 ($15,234,375) COMMON STOCK. (FILE 333-47528 - OCT. 06) (BR. 7) S-8 ILLUMINET HOLDINGS INC, P O BOX 8, 4501 INTECCO LOOP, LACEY, WA 98507 (360) 493-6000 - 1,340,000 ($9,333,050) COMMON STOCK. (FILE 333-47530 - OCT. 06) (BR. 7) S-3 DYNEGY INC /IL/, 1000 LOUISIANA, STE 5800, HOUSTON, TX 77002 (713) 367-7600 - 1,805,635 ($96,330,627.25) COMMON STOCK. (FILE 333-47532 - OCT. 06) (BR. 4) S-3 OLD NATIONAL BANCORP /IN/, 420 MAIN ST, EVANSVILLE, IN 47708 (812) 464-1434 - 1,000,000 ($30,000,000) COMMON STOCK. (FILE 333-47534 - OCT. 06) (BR. 7) S-8 MATERIAL SCIENCES CORP, 2300 E PRATT BLVD, ELK GROVE VILLAGE, IL 60007 (847) 439-8270 - 425,000 ($4,821,200) COMMON STOCK. (FILE 333-47536 - OCT. 06) (BR. 6) S-8 MATERIAL SCIENCES CORP, 2300 E PRATT BLVD, ELK GROVE VILLAGE, IL 60007 (847) 439-8270 - 150,000 ($1,701,600) COMMON STOCK. (FILE 333-47538 - OCT. 06) (BR. 6) S-1 ENCORE ACQUISITION CO, 777 MAIN STREET, SUITE 1400, FORT WORTH, TX 76102 (817) 877-9955 - $125,000,000 COMMON STOCK. (FILE 333-47540 - OCT. 06) (NEW ISSUE) S-3 GLOBALNET FINANCIAL COM INC, 7284 W PALMETTO PARK RD, SUITE 210, BOCA RATON, FL 33433 (561) 417-8053 - 34,224,874 ($23,957,412) COMMON STOCK. (FILE 333-47542 - OCT. 06) (BR. 7) S-3 TIDEL TECHNOLOGIES INC, 5847 SAN FELIPE STE 900, SAN FELIPE PLZ, HOUSTON, TX 77057 (713) 783-8200 - 5,456,842 ($31,376,841.50) COMMON STOCK. (FILE 333-47544 - OCT. 06) (BR. 3) S-8 GENRAD INC, 7 TECHNOLOGY PARK DR, WESTFORD, MA 01886 (978) 589-7000 - 2,000,000 ($21,130,000) COMMON STOCK. (FILE 333-47546 - OCT. 06) (BR. 5) S-8 NUCENTRIX BROADBAND NETWORKS INC, 200 CHISOLM PLACE, SUITE 200, PLANO, TX 75075 (972) 423-9494 - 400,000 ($9,562,400) COMMON STOCK. (FILE 333-47550 - OCT. 06) (BR. 7) S-1 SILICON ENERGY CORP, 1010 ATLANTIC AVE, SUITE 100, ALAMEDA, CA 94501 (510) 263-6000 - $80,500,000 COMMON STOCK. (FILE 333-47552 - OCT. 06) S-3 LEARNING TREE INTERNATIONAL INC, 6053 W CENTURY BLVD, LOS ANGELES, CA 90045 (310) 417-9700 - 3,000,000 ($142,875,000) COMMON STOCK. (FILE 333-47554 - OCT. 06) (BR. 8) S-2 ALPHA TECHNOLOGIES GROUP INC, 11990 SAN VICENTE BLVD, SUITE 350, LOS ANGELESENA, CA 90049 (626) 799-9171 - 271,000 ($3,864,460) COMMON STOCK. (FILE 333-47556 - OCT. 06) (BR. 5) S-3 CIMA LABS INC, 10000 VALLEY VIEW ROAD, EDEN PRAIRIE, MN 55344 (612) 947-8700 - 2,875,000 ($143,663,750) COMMON STOCK. (FILE 333-47558 - OCT. 06) (BR. 1) S-3 AXT INC, 4821 TECHNOLOGY DRIVE, FREMONT, CA 94538 (510) 683-5900 - 234,115 ($9,481,657.50) COMMON STOCK. (FILE 333-47560 - OCT. 06) (BR. 5) S-3 NEW WORLD COFFEE MANHATTAN BAGEL INC, 246 INDUSTRIAL WAY WEST, EATONTOWN, NJ 07724 (732) 544-0155 - 2,143,472 ($3,618,181) COMMON STOCK. (FILE 333-47562 - OCT. 06) (BR. 5) S-3 TERADYNE INC, 321 HARRISON AVE, MAIL STOP H93, BOSTON, MA 02118 (617) 482-2700 - 1,841,162 ($63,750,234.25) COMMON STOCK. (FILE 333-47564 - OCT. 06) (BR. 5) S-1 NEXTRON COMMUNICATIONS INC, 6830 VIA DEL ORO, SUITE 240, SAN JOSE, CA 95119 (408) 574-0200 - $57,500,000 COMMON STOCK. (FILE 333-47566 - OCT. 06) S-1 GLOBAL KNOWLEDGE INC, ONE VAN DE GRAAFF DRIVE, BURLINGTON, MA 01803 (781) 505-2042 - $201,250,000 COMMON STOCK. (FILE 333-47568 - OCT. 06) (NEW ISSUE) S-3 XM SATELLITE RADIO HOLDINGS INC, 1500 ECKINGTON PL NE, WASHINGTON, DC 20002 (202) 380-4000 (FILE 333-47570 - OCT. 06) (BR. 7) S-3 EXPRESS SCRIPTS INC, 13900 REIVERPORT DRIVE, MARYLAND HEIGHTS, MO 63043 (314) 770-1666 - 10,350,000 ($826,706,250) COMMON STOCK. (FILE 333-47572- OCT. 06) (BR. 1) S-8 GREENLAND CORP, 1935 AVENIDA DEL ORO, SUITE D, OCEANSIDE, CA 92056 (619) 458-4226 - 2,316,877 ($278,025) COMMON STOCK. (FILE 333-47574 - OCT. 06) (BR. 9) S-3 MORGAN STANLEY DEAN WITTER & CO, 1585 BROADWAY, NEW YORK, NY 10036 (212) 761-4000 (FILE 333-47576 - OCT. 06) (BR. 7) SB-2 SHOPATHOMEKIDS COM INC, 1353 MIDDLETON DR, CEDAR HILLS, TX 75104 - 3,799,300 ($949,825) COMMON STOCK. (FILE 333-47578 - OCT. 06) (NEW ISSUE) S-8 NUANCE COMMUNICATIONS, 1005 HAMILTON CT, MENLO PARK, CA 94025 (650) 847-0000 - 168,450 ($20,761,462.50) COMMON STOCK. (FILE 333-47580 - OCT. 06) (BR. 3) S-8 MASTERPIECE TECHNOLOGY GROUP INC, 455 WARD CORNER RD, STE 110, LOVELAND, OH 45140 (425) 643-0777 - 340,000 ($34,000) COMMON STOCK. (FILE 333-47582 - OCT. 06) (BR. 9) S-1 WILDBLUE COMMUNICATIONS INC, 4600 SOUTH SYRACUSE ST, SUITE 500, DENVER, CO 80237 (720) 554-7400 - $200,000,000 COMMON STOCK. (FILE 333-47584 - OCT. 06) (NEW ISSUE) S-8 SALIX PHARMACEUTICALS LTD, 3600 W BAYSHORE RD, STE 205, PALO ALTO, CA 94303 (650) 849-5900 - 927,207 ($6,425,545) COMMON STOCK. (FILE 333-47586 - OCT. 06) (BR. 1) S-3 ADC TELECOMMUNICATIONS INC, 12501 WHITEWATER DR, MINNETONKA, MN 55343 (952) 946-2324 - 57,711,057 ($1,603,213,163) COMMON STOCK. (FILE 333-47590 - OCT. 06) (BR. 7) S-3 ALEXION PHARMACEUTICALS INC, 25 SCIENCE PARK, STE 360, NEW HAVEN, CT 06511 (203) 776-1790 - 300,000,000 ($300,000,000) COMMON STOCK. (FILE 333-47594 - OCT. 06) (BR. 1) S-8 SHURGARD STORAGE CENTERS INC, 1155 VALLEY STREET, STE 400, SEATTLE, WA 98109 (206) 624-8100 - 1,400,000 ($31,193,750) COMMON STOCK. (FILE 333-47596 - OCT. 06) (BR. 8) S-3 OKLAHOMA GAS & ELECTRIC CO, 321 NORTH HARVEY, PO BOX 321, OKLAHOMA CITY, OK 73101 (405) 553-3000 - 110,000,000 ($110,000,000) STRAIGHT BONDS. (FILE 333-47598 - OCT. 06) (BR. 2) S-3 CURAGEN CORP, 555 LONG WHARF DRIVE, 11TH FL, NEW HAVEN, CT 06511 (FILE 333-47600 - OCT. 06) (BR. 1) 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 S Offerings. 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 -------------------------------------------------------------------------- A CONSULTING TEAM INC NY X X 09/29/00 ACADIA GROUP INC CO X 09/30/00 ADVANTA CORP DE X 10/09/00 AMEND AEARO CORP DE X 10/10/00 AIRPLANES LTD DE X 10/12/00 AIRPLANES US TRUST DE X 10/12/00 ALLTRISTA CORP IN X X 10/11/00 ALR TECHNOLOGIES INC NV X 10/13/00 AMERICAN PLUMBING & MECHANICAL INC DE X 09/29/00 AMEND AMERICAN VANTAGE COMPANIES NV X X 09/27/00 AMERICREDIT CORP TX X X 10/11/00 AMERIGAS PARTNERS LP DE X X 10/11/00 AMSOUTH AUTO RECEIVABLES LLC X X 10/10/00 AMSURG CORP TN X 10/11/00 ANALYTICAL SURVEYS INC CO X X 08/15/00 ANALYTICAL SURVEYS INC CO X X 09/12/00 ANDREA ELECTRONICS CORP NY X X 10/10/00 APPLIED MICRO CIRCUITS CORP DE X X 10/11/00 ASIAN STAR DEVELOPMENT INC /NV NV X 05/08/00 AMEND ASPEON INC DE X X 10/10/00 ATLANTIC CITY BOARDWALK ASSOCIATES NJ X X 05/31/00 LP AUTOTRADECENTER COM INC AZ X X 03/01/00 AUTOZONE INC NV X X 09/21/00 AUXER GROUP INC DE X 09/27/00 AVIGEN INC \DE DE X X 10/10/00 AVONDALE INC GA X X 10/11/00 BANC OF AMERICA COMMERCIAL MORTGAGE DE X X 10/10/00 INC BANC OF AMERICA COMMERCIAL MORTGAGE DE X X 10/12/00 INC BB&T CORP NC X 10/12/00 BENTON OIL & GAS CO DE X 10/06/00 BICO INC/PA PA X 10/11/00 BICO INC/PA PA X 10/12/00 BILLIARD CHANNEL INC DE X 10/02/00 AMEND BILLSERV COM INC NV X X 10/12/00 BOOTS & COOTS INTERNATIONAL WELL CO DE X X 09/27/00 NTROL INC BROADCOM CORP CA X X 10/04/00 BUTLER NATIONAL CORP DE X 10/12/00 CALLMATE TELECOM INTERNATIONAL INC/ FL X X 04/05/00 AMEND WY CAPITAL ONE FINANCIAL CORP VA X X 10/11/00 CARRAMERICA REALTY CORP MD X X 09/26/00 CENTURA BANKS INC NC X X 10/11/00 CENTURY BANCSHARES INC DE X X 10/11/00 CIRCUIT RESEARCH LABS INC AZ X X X 08/14/00 AMEND CITIGROUP INC DE X 10/03/00 COLUMBIA ENERGY GROUP DE X 10/11/00 COMMERCIAL MORTGAGE PASS-THROUGH CE DE X X 10/12/00 RTIFICATE SERIES 2000-1 COMPLETE WELLNESS CENTERS INC DE X 10/10/00 CONSECO FINANCE CORP DE X 09/28/00 STATE 8K ITEM NO. NAME OF ISSUER CODE 1 2 3 4 5 6 7 8 9 DATE COMMENT -------------------------------------------------------------------------- CONSECO FINANCE SECURITIZATIONS COR DE X X 09/28/00 P CONSECO FINANCE SECURITIZATIONS COR DE X 09/28/00 P CONTIFINANCIAL CORP DE X X 10/11/00 CORAM HEALTHCARE CORP DE X X 09/13/00 COREL CORP A6 X X 10/11/00 COVAD COMMUNICATIONS GROUP INC DE X X 09/22/00 AMEND CROWN CENTRAL PETROLEUM CORP /MD/ MD X X 10/11/00 CSG SYSTEMS INTERNATIONAL INC DE X X 10/10/00 CYBERSTAR COMPUTER CORP MN X X 06/21/00 AMEND CYPRESS EQUIPMENT FUND II LTD FL X 03/31/00 CYPRESS EQUIPMENT FUND II LTD FL X 03/31/00 CYPRESS EQUIPMENT FUND II LTD FL X 09/30/00 CYTOGEN CORP DE X 10/09/00 DEALER AUTO RECEIVABLES CORP DE X X 09/15/00 DEMARCO ENERGY SYSTEMS OF AMERICA I UT X X 09/26/00 NC DENNIS FUND LTD PARTNERSHIP CT X X 10/03/00 DESIGNS INC DE X 10/03/00 DIASYS CORP DE X 09/30/00 DIME BANCORP INC DE X X 07/06/00 AMEND DLJ MORTGAGE ACCEPTANCE CORP DE X 09/28/00 DLJ MORTGAGE ACCEPTANCE CORP DE X X 09/30/00 DOMINION RESOURCES INC /VA/ VA X X 09/06/00 AMEND DOMINION RESOURCES INC /VA/ VA X X 10/05/00 DUPONT PHOTOMASKS INC DE X 10/12/00 EDUVERSE COM NV X X 07/27/00 ENDO PHARMACEUTICALS HOLDINGS INC DE X X 10/11/00 ENOTE COM INC DE X 09/26/00 EQUITEX INC DE X X 10/12/00 EUROTELECOM COMMUNICATIONS INC X X 10/11/00 EUROTELECOM COMMUNICATIONS INC X X 10/12/00 FIRST BANCORP /PR/ PR X 09/30/00 FIRST CHARTER CORP /NC/ NC X X 10/11/00 FIRST DELTAVISION INC NV X 10/10/00 FIRST REPUBLIC CORP OF AMERICA DE X 10/04/00 FIRST UNION DIRECT BANK N A X X 09/30/00 FIRST UNION MASTER CREDIT CARD TRUS X X 09/30/00 T FIRSTAR CORP /NEW/ WI X X 10/03/00 FORD CREDIT AUTO RECEIVABLES TWO L DE X X 09/26/00 P GC COMPANIES INC DE X X 10/11/00 GENERAL DEVICES INC NJ X 09/11/00 GENERAL MOTORS ACCEPTANCE CORP DE X 10/12/00 GENERAL MOTORS CORP DE X 10/03/00 GLENBOROUGH REALTY TRUST INC MD X X 09/25/00 GLOBAL CROSSING LTD X 10/11/00 GLOBAL TECHNOVATIONS INC DE X 10/05/00 AMEND GRANDBANC INC MD X X 10/11/00 GREATE BAY HOTEL & CASINO INC NJ X X 09/30/00 AMEND GREATER BAY BANCORP CA X X 10/11/00 GREENPOINT MORTGAGE SECURITIES INC/ DE X X 09/15/00 STATE 8K ITEM NO. NAME OF ISSUER CODE 1 2 3 4 5 6 7 8 9 DATE COMMENT -------------------------------------------------------------------------- HARCOURT GENERAL INC DE X X 10/11/00 HASBRO INC RI X X 10/12/00 HEALTHAXIS INC PA X X 09/28/00 HONDA AUTO LEASE TRUST 1999A DE X X 09/30/00 HUGHES ELECTRONICS CORP DE X 10/11/00 HUNTINGTON BANCSHARES INC/MD MD X X 10/10/00 IEXALT INC NV X X 09/27/00 INCOME OPPORTUNITY REALTY INVESTORS CA X X 09/22/00 INC /TX/ INDUSTRIAL SERVICES OF AMERICA INC FL X 09/30/00 /FL INTEGRA LIFESCIENCES HOLDINGS CORP DE X X 09/28/00 INTERSTATE HOTELS CORP MD X X 10/12/00 JAKKS PACIFIC INC DE X 07/28/00 AMEND JEREMYS MICROBATCH ICE CREAMS INC DE X X 09/27/00 KENT ELECTRONICS CORP TX X X 10/10/00 KLEVER MARKETING INC DE X 09/12/00 KULICKE & SOFFA INDUSTRIES INC PA X X 10/12/00 LCA VISION INC DE X X 10/11/00 LEISUREPLANET HOLDINGS LTD X X 10/12/00 LENDINGTREE INC X X X 08/02/00 LIGHTPATH TECHNOLOGIES INC DE X 09/20/00 AMEND LTI HOLDINGS INC DE X X X X 09/26/00 LUCENT TECHNOLOGIES INC DE X X 10/10/00 LUMINANT WORLDWIDE CORP DE X X 09/21/00 MAGELLAN FILMED ENTERTAINMENT INC FL X 09/26/00 MAGNITUDE INFORMATION SYSTEMS INC DE X 10/11/00 MANUFACTURERS SERVICES LTD DE X X 09/26/00 MANUGISTICS GROUP INC DE X X 09/21/00 AMEND MANUGISTICS GROUP INC DE X X 10/10/00 MAXX INTERNATIONAL INC UT X 02/22/00 AMEND MAXX INTERNATIONAL INC UT X X 02/22/00 AMEND MAXX INTERNATIONAL INC UT X 03/27/00 AMEND MAXX INTERNATIONAL INC UT X X 10/05/00 MBNA CORP MD X 10/11/00 MEDICAL ALLIANCE INC TX X X 07/05/00 MELLON BANK PREMIUM FINANCE LOAN MA NY X X 10/10/00 STER TRUST METROMEDIA FIBER NETWORK INC DE X X 10/11/00 METROPOLITAN MORTGAGE & SECURITIES WA X X 09/27/00 CO INC MID AMERICA APARTMENT COMMUNITIES I TN X 10/09/00 NC MIDWAY AIRLINES CORP DE X X 10/11/00 MITEL CORP X 07/28/00 AMEND MKS INSTRUMENTS INC MA X 10/02/00 MOHAWK INDUSTRIES INC DE X X 10/11/00 MONONGAHELA POWER CO /OH/ OH X X 10/12/00 MORGAN STANLEY DEAN WITTER & CO DE X X 10/11/00 MORGAN STANLEY DEAN WITTER CAPITAL DE X X 09/26/00 1 INC SERIES 2000-PRIN MORTGAGE PASS THROUGH CERTIFICATE S DE X 10/11/00 ERIES 2000-7 MOTORCAR PARTS & ACCESSORIES INC NY X 10/12/00 STATE 8K ITEM NO. NAME OF ISSUER CODE 1 2 3 4 5 6 7 8 9 DATE COMMENT -------------------------------------------------------------------------- MURRAY INCOME PROPERTIES I LTD TX X X 09/26/00 NABISCO HOLDINGS CORP DE X 10/03/00 NATURAL MICROSYSTEMS CORP DE X 10/12/00 NAVIGANT CONSULTING INC DE X X 10/12/00 NEXTPATH TECHNOLOGIES INC NV X 08/04/00 AMEND NORDSTROM INC WA X X 10/11/00 OBIE MEDIA CORP OR X X 10/11/00 OFFICE DEPOT INC DE X X 10/12/00 OLD KENT FINANCIAL CORP /MI/ MI X 10/18/00 ONE LIBERTY PROPERTIES INC MD X 08/23/00 AMEND PACIFIC SANDS INC NV X 10/11/00 PAINE WEBBER GROUP INC DE X X 10/11/00 PANAMERICAN BEVERAGES INC X X 10/06/00 PAYFORVIEW COM CORP /NV/ NV X X 10/12/00 AMEND PENN AKRON CORP NV X X 07/05/00 AMEND PENTASTAR COMMUNICATIONS INC DE X X 09/29/00 PILGRIMS PRIDE CORP DE X 10/11/00 PLANET HOLLYWOOD INTERNATIONAL INC DE X 09/29/00 PLAYTEX PRODUCTS INC DE X X 10/03/00 PLUS SOLUTIONS INC NV X X 09/27/00 PORTOLA PACKAGING INC DE X 09/29/00 PRESIDENT CASINOS INC DE X 02/28/01 PRO NET LINK CORP X X 10/12/00 QUEENS COUNTY BANCORP INC DE X X 10/11/00 REDBACK NETWORKS INC DE X X 10/12/00 RESIDENTIAL ACCREDIT LOANS INC DE X 09/29/00 RESIDENTIAL ACCREDIT LOANS INC DE X 09/29/00 RESIDENTIAL ASSET FUNDING CORP NC X X 09/25/00 RESIDENTIAL ASSET MORTGAGE PRODUCTS DE X 09/27/00 INC RESIDENTIAL ASSET MORTGAGE PRODUCTS DE X 09/27/00 INC RESIDENTIAL ASSET MORTGAGE PRODUCTS DE X 09/28/00 INC RESIDENTIAL ASSET SECURITIES CORP DE X 09/30/00 RESIDENTIAL FUNDING MORTGAGE SECURI DE X 09/28/00 TIES I INC RESIDENTIAL FUNDING MORTGAGE SECURI DE X 09/28/00 TIES I INC RESIDENTIAL FUNDING MORTGAGE SECURI DE X X 10/11/00 TIES I INC RESIDENTIAL FUNDING MORTGAGE SECURI DE X 09/26/00 TIES II INC RESIDENTIAL FUNDING MORTGAGE SECURI DE X 09/28/00 TIES II INC RIGHT START INC /CA CA X 09/01/00 ROSLYN BANCORP INC DE X X 09/26/00 SAFETY COMPONENTS INTERNATIONAL INC DE X X 10/05/00 SAFETY KLEEN CORP/ DE X 10/11/00 SBC COMMUNICATIONS INC DE X X 10/02/00 SENIOR CARE INDUSTRIES INC NV X X 05/08/00 AMEND SHOWSTAR ONLINE COM INC X 10/11/00 SIMPSON INDUSTRIES INC MI X X 09/28/00 SNYDER COMMUNICATIONS INC DE X X X 09/26/00 STATE 8K ITEM NO. NAME OF ISSUER CODE 1 2 3 4 5 6 7 8 9 DATE COMMENT -------------------------------------------------------------------------- SOCRATES TECHNOLOGIES CORP DE X 10/06/00 ST JOSEPH LIGHT & POWER CO MO X X 10/11/00 STATION CASINOS INC NV X X 10/02/00 STEELTON BANCORP INC PA X X 09/20/00 AMEND STONE & WEBSTER INC DE X 10/10/00 STRATEGIA CORP KY X X 10/06/00 STRATOSPHERE CORP DE X X 10/12/00 STREAMEDIA COMMUNICATIONS INC DE X X 10/12/00 STRUCTURED ASSET SEC CORP MORT PASS DE X X 09/25/00 THR CERT SER 2000-2 SUNGLOBE FIBER SYSTEMS CORP NV X 10/05/00 SUNTERRA CORP MD X X 10/11/00 SURGE COMPONENTS INC NY X 10/12/00 T REIT INC VA X X X 09/26/00 TACO CABANA INC DE X X 10/11/00 TALBOTS INC DE X X 10/11/00 TECHSYS INC NJ X X 09/29/00 TELULAR CORP DE X 09/13/00 TIFFANY & CO DE X 10/11/00 TOWNE SERVICES INC GA X X 10/10/00 TRANSACT TECHNOLOGIES INC DE X 09/21/00 TRANSCONTINENTAL REALTY INVESTORS I NV X X 09/27/00 NC TRANSWORLD HEALTHCARE INC NY X X 10/02/00 TRIARC COMPANIES INC DE X 10/12/00 TRICON GLOBAL RESTAURANTS INC NC X 09/30/00 UNION CARBIDE CORP /NEW/ NY X X 10/12/00 UNIVERSAL MANUFACTURING CO NE X X 09/29/00 UROLOGIX INC MN X X 10/01/00 US BANCORP \DE\ DE X X 10/03/00 USA BIOMASS CORP DE X 08/15/00 USURF AMERICA INC NV X 10/09/00 VARIAN SEMICONDUCTOR EQUIPMENT ASSO DE X 09/25/00 AMEND CIATES INC VERITAS SOFTWARE CORP /DE/ DE X X 10/12/00 VERSO TECHNOLOGIES INC MN X X 10/05/00 VIRGINIA COMMONWEALTH FINANCIAL COR VA X X 10/04/00 P VISTEON CORP DE X X 10/11/00 VOICESTREAM WIRELESS CORP /DE DE X X 08/13/00 WARNACO GROUP INC /DE/ DE X X 10/06/00 WAXMAN INDUSTRIES INC DE X X X 09/29/00 WELLS FARGO ASSET SECURITIES CORP DE X X 09/21/00 WELLS FARGO ASSET SECURITIES CORP DE X X 11/12/00 WILSHIRE FINANCIAL SERVICES GROUP I DE X 09/30/00 NC WIN GATE EQUITY GROUP INC FL X X 09/27/00 AMEND WNC HOUSING TAX CREDIT FUND VI LP S CA X 10/02/00 ERIES 7 YELLOWBUBBLE COM INC X X 07/26/00 AMEND