SEC NEWS DIGEST Issue 2003-38 February 27, 2003 ENFORCEMENT PROCEEDINGS MONEY MANAGER STEVIN HOOVER SETTLES ADMINISTRATIVE PROCEEDING The Commission announced today that on Dec. 9, 2002, former money manager Stevin R. Hoover, age 54, and his wholly owned investment advisory firm, Hoover Capital Management, Inc. (HCM), consented, without admitting or denying the underlying allegations, to the entry of an Order Making Findings and Imposing Remedial Relief in an administrative proceeding. The Order permanently bars Hoover from association with an investment adviser and censures HCM. HCM withdrew its registration as an investment adviser with the Commission in January 2002. In the Order, the Commission made findings that Hoover was criminally convicted for defrauding investment advisory clients out of nearly $200,000 in violation of Section 206(2) of the Investment Advisers Act. Hoover is serving an 18-month prison sentence, which will be followed by 3 years of supervised release during which he will be barred from providing any financial services or acting as the custodian for funds belonging to other people. In a related civil enforcement action, on Feb. 11, 2003, the Honorable Richard G. Steams of the United States District Court for the District of Massachusetts entered a final judgment by consent against Hoover, HCM and Chestnut Management LLC, an unregistered investment adviser that was also wholly owned by Hoover. In its complaint, the Commission alleged that between 1995 and 2001, Hoover misappropriated funds from investment advisory clients, including the Chestnut Fund LP, a hedge fund founded and managed by Hoover. Without admitting or denying the Commission's allegations, Hoover and his entities consented to a final judgment ordering them to pay disgorgement and prejudgment interest in the amount of $1,011,007.48. The defendants also agreed to entry of injunctions that permanently enjoin them from future violations of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections 206(1) and 206(2) of the Advisers Act. In addition, defendants Hoover and HCM were permanently enjoined from future violations of Sections 204 and 206(4) of the Advisers Act and Rules 204-2(a)(5), 204-2(a)(6), 204-2(a)(7), 204-2(a)(9), 204-2(a)(10), and 206(4)-1(a)(S) thereunder. Civil penalties were not imposed on the defendants based on representations made in their sworn Statements of Financial Condition. In addition, the Court has appointed Keith D. Lowey, CPA, of Foxborough, Mass., as Receiver over the hedge fund and over accounts of other remaining clients of Hoover or his entities, SEC v. Hoover and Hoover Capital Management, Inc., Civ. A. No. 01 CV 10751, RGS, D. Mass. See LR-17981; LR-17825; LR-16938; LR-17236; LR-17240; LR- 17284; LR-17487; and LR-17666. (Rel. IA-2112; File No. 3-10918) CEASE-AND-DESIST PROCEEDING INSTITUTED AGAINST ENTERASYS NETWORKS, INC. AND APRISMA MANAGEMENT TECHNOLOGIES, INC. On February 26, pursuant to Section 21C of the Securities Exchange Act of 1934, the Commission instituted a cease-and-desist proceeding against Enterasys Networks, Inc., a company headquartered in Rochester, N.H., and Aprisma Management Technologies, Inc., a company headquartered in Portsmouth, N.H., for materially misrepresenting their financial condition in financial statements included in Commission filings between March 2000 and November 2001. Among other things, the Commission found that Enterasys and Aprisma materially misstated their revenue and cash during this time period. With respect to revenue, the Commission found that Enterasys and Aprisma knowingly or recklessly overstated their revenue by improperly recognizing revenue for sales that were subject to return, exchange, or cancellation rights; "swapping" arrangements whereby they essentially exchanged products or services with other companies without having a legitimate business purpose for the exchange; and investment transactions in which they invested cash in, and/or gave credits for their products to, other companies in return for an investment interest and the other company's agreement to purchase their products under circumstances lacking economic substance. The Commission found that it was improper under Generally Accepted Accounting Principles for Enterasys and Aprisma to recognize revenue for these transactions. Simultaneously with the institution of these proceedings, Enterasys and Aprisma consented to an administrative order from the Commission to cease and desist from committing or causing any violation and any future violation of Sections 10(b), 13(a), 13(b)(2), and 13(b)(5) of the Exchange Act and Rules 10b-5, 12b-20, 13a-1, 13a-13, and 13b2-1 thereunder. Aprisma also consented to an administrative order from the Commission to cease and desist from committing or causing any violation and any future violation of Section 12(g)(1) of the Exchange Act. The Commission's staff is continuing its investigation to determine the potential liability of other parties in this matter. The Commission acknowledges the cooperation and assistance of the New Hampshire Bureau of Securities Regulation in this matter. (Rels. 34- 47405; AAER-1722; File No. 3-11047) COMMISSION FILES SUIT AGAINST MANOUCHER SARBAZ, PACIFIC GOLF COMMUNITY DEVELOPMENT LLC, AND LEE HILL On February 25, the Commission filed suit against a Los Angeles developer and an appraiser for fraud in the issuance of more than $83 million in municipal securities to support the Rancho Lucerne Master Planned Community, a planned real estate project in San Bernardino County, Cal. Named in the Commission's complaint, filed in the federal district court in Los Angeles, are Pacific Golf Community Development, LLC, a real estate development company; Manoucher Sarbaz, age 51, of Los Angeles, and Pacific Golf's managing director; and Lee Andrew Hill, age 59, of Little Rock, Ark., a real estate appraiser. According to the Commission's complaint, from August 1996 to December 2000, Pacific Golf, Sarbaz, and Hill intentionally or recklessly misrepresented or omitted to disclose material facts about the Rancho Lucerne project in nine municipal securities offerings. In particular, Pacific Golf and Sarbaz are alleged to have repeatedly misrepresented facts indicating that the project would be completed quickly, that anticipated revenue from the project would be sufficient to repay investors when the securities matured, that in-tract financing for the project existed, that valuable land had been pledged as security for the municipal securities sold to investors, and that the developer had obtained contracts to sell developed lots to home-builders. Sarbaz also is alleged to have failed to disclose lawsuits and liens filed against the development. Hill is alleged to have provided appraisal reports in support of the municipal securities offerings in which he intentionally or recklessly misrepresented the value of the Rancho Lucerne land pledged as a security for the benefit of the investors who purchased the Rancho Lucerne offerings. According to the Commission, Hill opined that the Rancho Lucerne land was worth $28,000 per acre, or more, when, in reality, the land was worth several times less than that amount. The Commission alleges in its complaint that Sarbaz, Pacific Golf Community Development and Hill violated Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and also alleges that Hill aided and abetted violations Section 10(b) of Exchange Act and Rule 10b-5. The complaint seeks disgorgement of ill-gotten gains, civil penalties and injunctive relief against all defendants. [SEC v. Manoucher Sarbaz, Pacific Golf Community Development LLC and Lee Andrew Hill, United States District Court for the Central District of California, Civil Action No. CV 03 1310 JSL, CTX] (LR-18001) GLEN FOLCK CONSENTS TO AN ADMINISTRATIVE CEASE-AND-DESIST ORDER FOR VIOLATING OR CAUSING VIOLATIONS OF THE ANTIFRAUD, REPORTING AND BOOKS AND RECORDS PROVISIONS OF THE FEDERAL SECURITIES LAWS AND AGREES TO PAY DISGORGEMENT AND A $50,000 CIVIL PENALTY On February 27, the Commission announced that it filed an administrative cease-and-desist proceeding and a related civil action for a penalty against Glen Andrew Folck. Folck was the Chief Financial Officer of SmarTalk TeleServices, Inc., a now bankrupt provider of pre-paid telephone cards and wireless services. Folck agreed to settle both matters. In the administrative cease-and-desist proceeding, the Commission found that Folck, as CFO, violated or caused violations of certain antifraud, reporting, and books and records provisions of the federal securities laws in connection with materially false and misleading financial statements that SmarTalk filed with the Commission from the third quarter of 1997 through the second quarter of 1998. Some of SmarTalk's false and misleading financial statements were also incorporated in registration statements for offerings of stock filed with the Commission in September and December 1997, and May 1998. The Commission found that SmarTalk falsely reported net income of $478,000 in its quarterly report for the third quarter of 1997 when, in fact, SmarTalk had losses that period. The Commission found that Folck knew or should have known that SmarTalk hid the losses by improperly capitalizing ordinary operating expenses and that the expenses were improperly treated as an asset. Additionally, the Commission found that in SmarTalk's annual report for its fiscal year ended December 31, 1997, which included audited financial statements, SmarTalk reported a one-time charge, a $25 million restructuring reserve, purportedly for anticipated 1998 costs, after its purchase of several other prepaid telephone card businesses. The Commission found that Folck knew or should have known that the entire restructuring reserve did not conform to Generally Accepted Accounting Principles (GAAP) because the anticipated costs were not proper restructuring costs and the company had failed to properly establish a plan of restructuring. The Commission also found that Folck knew or should have known that SmarTalk improperly understated current period operating expenses by charging 1997 operating expenses, including most of the above described expenses improperly capitalized as of the third quarter of 1997, and 1998 operating expenses against the non-GAAP restructuring reserve. The Commission found that this enabled SmarTalk to falsely inflate earnings or earnings before one-time charges at year-end 1997 and the first two quarters of 1998. Furthermore, the Commission found that on Aug. 10, 1998, SmarTalk announced that its auditors had informed management about potentially significant issues with SmarTalk's accounting treatment for acquisitions that occurred during 1997 and certain other items relating to fiscal year 1997. The Commission found that on Aug. 11, 1998, after the press release, SmarTalk's stock price fell 57%, from $16 5/8 to $7 5/32. The Commission found that Folck had sold some stock in January 1998, prior to the time that the stock price fell in August 1998. In November 1998, SmarTalk restated its financial statements for year-end 1997 and its first two quarters of 1998. The Commission further found that Folck caused violations of Sections 17(a)(2) and 17(a)(3) of the Securities Act of 1933, Sections 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the Securities Exchange Act of 1934; and Exchange Act Rules 13a-1, 13a-13 and 12b-20; and Folck committed violations of Exchange Act Rule 13b2-1. Folck consented, without admitting or denying the Commission's findings, to cease and desist from committing or causing violations of the provisions of the federal securities laws cited above and to pay disgorgement and prejudgment interest totaling $22,844.68 relating to his stock sales in January 1998. In addition, Folck, without admitting or denying the allegations of the Commission's complaint, has consented to pay a civil penalty of $50,000 based on his violating Exchange Act Rule 13b2-1. (In the Matter of Glen Andrew Folck, Rel. 34-47404; File No. 3-11046) [SEC v. Glen Andrew Folck, Civil Action No. 1:03CV00386, D.D.C., Feb. 26, 2003] (LR- 18002; AAER-1722) SEC SETTLES WITH RHINO ADVISORS, THOMAS BADIAN; CAUTIONS COMPANIES, INVESTORS ABOUT DANGERS OF CERTAIN CONVERTIBLE SECURITIES On February 27, the Commission filed a settled civil action against Rhino Advisors Inc. and its president, Thomas Badian, for directing a series of manipulative short sales of Sedona Corp. stock that contributed to the decline in price of Sedona's stock. Rhino, based in New York, manages money for two overseas clients. The Commission's complaint was filed in U.S. District Court for the Southern District of New York. The Commission alleges that Rhino and Badian manipulated Sedona's stock price to enhance a client's economic interests in a $3 million convertible debenture that Sedona issued to Rhino's client. The purchase agreement for the debenture expressly prohibited Rhino's client from selling short shares of Sedona's stock while the debenture remained "issued and outstanding." According to the Commission, despite this contractual provision, Rhino engaged in extensive short selling on behalf of its client prior to exercising the conversion rights under the debenture and this short selling depressed Sedona's stock price. Without admitting or denying the allegations in the SEC's complaint, Rhino and Badian have consented to the entry of an injunction for violations of the anti-fraud provisions of the federal securities laws and to pay, on a joint and several basis, a $1 million civil penalty. In addition, Rhino has consented to a court order requiring it to respond to an order directed to it by the Commission pursuant to Section 21(a) of the Securities Exchange Act of 1934 and to hire an independent consultant, acceptable to the Commission, to review its compliance policies and procedures and to implement the Independent Consultant's recommendation. The settlement terms are subject to court approval. "Certain convertible securities, particularly those referred to as `toxic' or `death spiral' convertibles, present the temptation for persons holding the convertible securities to engage in manipulative short selling of the issuer's stock in order to receive more shares at the time of conversion," said Thomas C. Newkirk, Associate Director for the Division of Enforcement. "This case demonstrates this risk to issuers and investors. The $1 million penalty imposed here shows the Commission's determination to address these abuses." Companies accessing the capital markets using financing alternatives are reminded to evaluate carefully the terms and risks of the securities being sold, including the impact on the company and the market for its securities. Certain types of financings, particularly those having conversion or issuance mechanisms tied to a company's fluctuating stock price, pose particular risks to companies and investors alike. These risks include dilution, as the result of the company issuing more shares, and, in some instances, downward manipulation of the company's stock price. In deciding whether to enter into particular financing arrangements or make investment decisions, companies and investors should weigh the benefits of any alternative financing against the potential risks to the company and the value of the company's securities in the market. For more information, companies and investors should read "Convertible Securities" on the SEC Web site at http://www.sec.gov/answers/convertibles.htm. [SEC v. Rhino Advisors, Inc. and Thomas Badian, Civ. Action No. 03 civ 1310, RO, Southern District of New York] (LR-18003; Press Rel. 2003- 26) SELF-REGULATORY ORGANIZATIONS IMMEDIATE EFFECTIVENESS OF PROPOSED RULE CHANGE A proposed rule change (SR-Phlx-2003-06) filed by the Philadelphia Stock Exchange relating to changes to its Nasdaq-100 index tracking stocksm fee schedule has become immediately 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 March 3, 2003. (Rel. 34-47385) ACCELERATED APPROVAL OF PROPOSED RULE CHANGE The Commission granted accelerated approval of a proposed rule change (SR-CBOE-2002-40) and Amendments No. l and No. 2 thereto submitted by the Chicago Board Options Exchange pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 relating to options on the CBOE Asian 25 Index and CBOE Euro 25 Index. Publication of the order is expected in the Federal Register during the week of March 3, 2003. (Rel. 34-47393) PROPOSED RULE CHANGES The Options Clearing Corporation filed a proposed rule change (SR-OCC- 2002-14) under Section 19(b) of the Securities Exchange Act relating to procedures for processing late and supplementary exercise instructions. Publication of the proposal is expected in the Federal Register during the week of March 3, 2003. (Rel. 34-47396) A proposed rule change has been filed with the Commission by the Chicago Board Options Exchange relating to the withdrawal of approval for securities underlying options traded on the exchange (SR-CBOE-2003-03). Publication of the proposal is expected in the Federal Register during the week of March 3, 2003. (Rel. 34-47400) The Options Clearing Corporation filed a proposed rule change (SR-OCC- 2002-11) under Section I9(b)(1) of the Exchange Act that would allow OCC to modify its Stock/Loan Hedge Program. Publication of the proposal is expected in the Federal Register during the week of March 3, 2003. (Rel. 34-47402) 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-8 NATIONAL AUSTRALIA BANK LTD, P O BOX 2333V, MELBOURNE VIC AUSTRALIA, C3, 30001, 610386410296 - 0 ($74,121,750.00) Equity, (File 333-103443- Feb. 26) (BR. 07) S-8 DATAMEG CORP, 1000 ST ALBANS DRIVE, SUITE 210, RALEIGH, NC, 27609, 9193416000 - 12,000,000 ($216,000.00) Equity, (File 333-103444 - Feb. 26) (BR. 37) S-8 AQUA VIE BEVERAGE CORP, 333 SOUTH MAIN STREET, PO BOX 6759, KETCHUM, ID, 83340, 2086227792 - 950,000 ($475,000.00) Equity, (File 333-103446 - Feb. 26) (BR. 09) S-8 FIDELITY BANCORP INC, 1009 PERRY HIGHWAY, PITTSBURGH, PA, 15237, 4123673300 - 23,300 ($442,393.00) Equity, (File 333-103448 - Feb. 26) (BR. 07) S-8 TASTY FRIES INC, 650 SENTRY PKWY STE ONE, BLUE BELL, PA, 19422, 6109412109 - 700,000 ($91,000.00) Equity, (File 333-103449 - Feb. 26) (BR. 04) S-3 CAL DIVE INTERNATIONAL INC, 400 N SAM HOUSTON PKWY E, SUITE 400, HOUSTON, TX, 77060, 2816180400 - 7,486,907 ($129,748,098.31) Equity, (File 333-103451 - Feb. 26) (BR. 04) S-8 MEADOWBROOK INSURANCE GROUP INC, 26600 TELEGRAPH RD, STE 300, SOUTHFIELD, MI, 48034, 8103581100 - 0 ($4,200,000.00) Equity, (File 333-103453 - Feb. 26) (BR. 01) S-8 PENN VIRGINIA CORP, 6106878900 - 550,000 ($20,487,500.00) Equity, (File 333-103455 - Feb. 26) (BR. 04) S-8 INTERNATIONAL REMOTE IMAGING SYSTEMS INC /DE/, 9162 ETON AVE, CHATSWORTH, CA, 91311, 8187091244 - 0 ($727,200.00) Equity, (File 333-103462 - Feb. 26) (BR. 36) S-3 NEWFIELD EXPLORATION CO /DE/, 363 N SAM HOUSTON PKWY E, STE 2020, HOUSTON, TX, 77060, 2818476000 - 2,950,000 ($99,385,500.00) Equity, (File 333-103464 - Feb. 26) (BR. 04) S-3 ARTISAN COMPONENTS INC, 141 CASPIAN COURT, SUNNYVALE, CA, 94089, 4087345600 - 0 ($70,959,600.00) Equity, (File 333-103465 - Feb. 26) (BR. 36) S-8 WERNER ENTERPRISES INC, 14507 FRONTIER ROAD, P O BOX 45308, OMAHA, NE, 68145, 4028956640 - 9,166,667 ($164,175,005.97) Equity, (File 333-103467 - Feb. 26) (BR. 05) 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 ------------------------------------------------------------------------------------- ABN AMRO MORTGAGE CORP MUL CL MORT PA DE X 02/01/03 ACADIA REALTY TRUST MD X X 02/25/03 ACTIVE LINK COMMUNICATIONS INC CO X X 02/25/03 AIRGATE PCS INC /DE/ DE X 02/24/03 AIRNET SYSTEMS INC OH X X 02/21/03 ALBERTSONS INC /DE/ DE X 05/01/03 AMB FINANCIAL CORP DE X 02/24/03 AMERICAN EAGLE OUTFITTERS INC DE X X 02/25/03 ARIZONA PUBLIC SERVICE CO AZ X X 02/24/03 ARTISAN COMPONENTS INC DE X X 02/19/03 ASIA PREMIUM TELEVISION GROUP NV X X 02/24/03 ASPEN GROUP RESOURCES CORP A6 X 02/24/03 ASYST TECHNOLOGIES INC /CA/ CA X 02/11/03 AMEND AVANEX CORP DE X X 02/26/03 AXTION FOODS INC X 02/12/03 AMEND AZTAR CORP DE X X 02/26/03 BA MASTER CREDIT CARD TRUST / X 02/15/03 BANKNORTH GROUP INC/ME ME X X 02/26/03 BEAR STEARNS COMPANIES INC DE X X 02/24/03 BIG LOTS INC OH X X 02/26/03 BIODELIVERY SCIENCES INTERNATIONAL IN IN X X 02/25/03 BNC BANCORP NC X X 01/23/03 BRADLEY PHARMACEUTICALS INC DE X X 02/25/03 BRESLER & REINER INC DE X 02/21/03 BROOKE CORP KS X X 02/18/03 BUCKEYE PARTNERS L P DE X X 02/25/03 CALGON CARBON CORPORATION DE X X 02/24/03 CBRE HOLDING INC DE X 02/20/03 CENTRA FINANCIAL HOLDINGS INC WV X X 02/26/03 CENTURY BANCORP INC MA X 02/26/03 CHARTER FINANCIAL CORP/GA X X 02/21/03 CHARTER FINANCIAL CORP/GA X X 02/26/03 CHASE MORTGAGE FINANCE CORP DE X X 02/26/03 CIT EQUIPMENT COLLATERAL 2002-VT1 DE X 02/18/03 CITICORP MORTGAGE SECURITIES INC DE X 02/25/03 CITIFINANCIAL MORTGAGE SECURITIES INC DE X 02/25/03 CNL HOSPITALITY PROPERTIES INC FL X X 02/26/03 COMMUNITY HEALTH SYSTEMS INC/ DE X X X 02/26/03 CONSOLIDATED RESOURCES GROUP INC FL X X 02/11/03 CONSTELLATION BRANDS INC DE X 02/26/03 CONVERGYS CORP OH X 02/25/03 CORAM HEALTHCARE CORP DE X 02/24/03 CORNERSTONE REALTY INCOME TRUST INC VA X X 02/19/03 COSI INC DE X X 02/25/02 CREDIT SUISSE FIRST BOSTON MORT PASS X X 02/25/02 CREDIT SUISSE FIRST BOSTON MORT PASS X X 05/25/02 CREDIT SUISSE FIRST BOSTON MORT PASS X X 06/25/02 CREDIT SUISSE FIRST BOSTON MORTGAGE S DE X 02/26/03 CROWN CORK & SEAL CO INC PA X X 02/26/03 CSFB MORTGAGE BACKED PASS THROUGH CER DE X X 05/20/02 AMEND CWMBS INC DE X X 02/26/03 DAIMLERCHRYSLER MASTER OWNER TRUST X X 02/25/03 DAYTON SUPERIOR CORP OH X 02/26/03 DEALER AUTO RECEIVABLES CO LLC DE X X 02/18/03 DEERE & CO DE X 02/26/03 DELIA S CORP DE X X 02/24/03 DISCOVERY LABORATORIES INC /DE/ DE X X X 02/20/03 DREYERS GRAND ICE CREAM INC DE X X 02/26/03 DUCOMMUN INC /DE/ DE X X 02/26/03 EAGLE SUPPLY GROUP INC DE X 02/26/03 EATON VANCE CORP MD X X 01/31/03 EDUCATION LOANS INC /DE DE X X 02/25/03 ELECSYS CORP KS X X 02/25/03 ENTEGRIS INC MN X X 02/11/03 ERIE FAMILY LIFE INSURANCE CO PA X X 02/25/03 ERIE INDEMNITY CO PA X X 02/25/03 EXELON CORP PA X 02/26/03 FASTENAL CO MN X 02/26/03 FBL FINANCIAL GROUP INC IA X X 02/26/03 FGI GROUP INC DE X X 02/24/03 FINANCIAL ASSET SECS CORP FIRST FRANK DE X X X 02/25/03 FIRST COMMUNITY BANCSHARES INC /NV/ NV X X 02/26/03 FIRST DEFIANCE FINANCIAL CORP OH X X 02/28/03 FIRST HORIZON ASSET SECURITIES INC DE X X 02/25/03 FIRST HORIZON ASSET SECURITIES INC DE X X 02/25/03 FIRST HORIZON ASSET SECURITIES INC DE X X 02/21/03 FIRST MIDWEST BANCORP INC DE X X 02/26/03 FIRST NATIONAL CORP /VA/ VA X X 02/25/03 FIRST PACTRUST BANCORP INC MD X X 02/26/03 FIRST VIRGINIA BANKS INC VA X 02/26/03 FLORIDA PUBLIC UTILITIES CO FL X 02/26/03 FMC CORP DE X 02/26/03 FOREST OIL CORP NY X X 02/25/03 FRANKLIN RECEIVABLES LLC DE X X 01/31/03 FREEREALTIME COM INC DE X 02/17/03 FREESTAR TECHNOLOGY CORP NV X X X 02/25/03 AMEND FX ENERGY INC NV X X 02/26/03 GENE CELL INC NV X 02/26/03 GENE LOGIC INC DE X X 02/25/03 GS MORTGAGE SECURITIES CORP II DE X X 02/24/03 HARTCOURT COMPANIES INC UT X X 02/14/03 AMEND HAWAIIAN ELECTRIC INDUSTRIES INC HI X 02/25/03 HEALTHSTREAM INC TN X 02/25/03 HEARTLAND FINANCIAL USA INC DE X 02/26/03 HENDERSON CITIZENS BANCSHARES INC TX X X 02/23/03 HEWLETT PACKARD CO DE X X X 02/25/03 HOLLIS EDEN PHARMACEUTICALS INC /DE/ DE X X 02/25/03 HOLLYWOOD CASINO CORP DE X X 02/25/03 HOLLYWOOD CASINO SHREVEPORT LA X X 02/25/03 HOOKER FURNITURE CORP VA X X 09/30/02 AMEND HOST MARRIOTT CORP/ MD X 02/26/03 HOUSEHOLD AUTOMOTIVE TRUST 2001-1 DE X 02/18/03 HOUSEHOLD AUTOMOTIVE TRUST 2001-3 X 02/18/03 HOUSEHOLD AUTOMOTIVE TRUST III SERIES NV X 02/18/03 HOUSEHOLD AUTOMOTIVE TRUST IV SERIES DE X 02/18/03 HOUSEHOLD AUTOMOTIVE TRUST SERIES 200 DE X 02/18/03 HOUSEHOLD AUTOMOTIVE TRUST V SERIES 2 DE X 02/18/03 HOUSEHOLD AUTOMOTIVE TRUST VI SERIES NV X 02/18/02 HOUSEHOLD MORTGAGE LOAN TRUST 2002 HC X 02/20/03 HOUSTON EXPLORATION CO DE X X 02/20/03 HSBC DEBENTURE BACKED SERIES 2003-4 DE X X 02/19/03 HUMBOLDT BANCORP CA X 02/25/03 HUTCHINSON TECHNOLOGY INC MN X X 02/26/03 HYPERTENSION DIAGNOSTICS INC /MN MN X X 02/24/03 IKON OFFICE SOLUTIONS INC OH X X 02/25/03 IMAGING DIAGNOSTIC SYSTEMS INC /FL/ FL X 02/26/03 IMPAC SECURED ASSETS CORP CA X 02/26/03 IMPAC SECURED ASSETS CORP CA X X X 02/25/03 INCO LTD X 02/26/03 INDEPENDENT BANK CORP /MI/ MI X 02/24/03 INKTOMI CORP DE X X 02/25/03 INSWEB CORP DE X X 02/26/03 INTEGRATED HEALTH TECHNOLOGIES INC DE X X X 02/24/03 IRWIN FINANCIAL CORPORATION IN X X 02/26/03 ITXC CORP NJ X X 02/18/03 J CREW GROUP INC NY X X 02/20/03 JEWETT CAMERON TRADING CO LTD OR X 02/25/03 JLG INDUSTRIES INC PA X X 02/24/03 KINETIC CONCEPTS INC /TX/ TX X 02/26/03 KNOLL INC DE X X 02/26/02 KNOT INC DE X X 02/25/03 L & L FINANCIAL HOLDINGS INC NV X 01/14/03 AMEND LAKELAND BANCORP INC NJ X 02/19/03 LAND O LAKES INC X 02/26/03 LESCO INC/OH OH X 02/25/03 LNB BANCORP INC OH X 02/25/03 LONGS DRUG STORES CORP MD X 02/26/03 MACK CALI REALTY CORP MD X X 02/25/03 MACK CALI REALTY CORP MD X X 02/25/03 MARTEK BIOSCIENCES CORP DE X X 02/25/03 MCMORAN EXPLORATION CO /DE/ DE X 02/26/03 MEDIALINK WORLDWIDE INC DE X 02/26/03 MERRY LAND PROPERTIES INC GA X 12/31/02 METROMEDIA INTERNATIONAL GROUP INC DE X X 02/25/03 MICROCHIP TECHNOLOGY INC DE X 02/25/03 MONEY STORE ASSET BACKED CERTIFICATES X X 01/15/03 MONEY STORE HOME EQUITY LOAN TRUST 19 NJ X X 01/15/03 MONEY STORE HOME IMPROVEMENT LOAN BAC X X 01/15/03 MONEY STORE RESIDENTIAL TRUST 1998-I NJ X X 01/15/03 MONEY STORE TRUST 1998 C X X 01/15/03 MONTEREY PASTA CO DE X 02/20/03 MORGAN STANLEY DE X X 02/19/03 MORGAN STANLEY DEAN WITTER CAPITAL I DE X X 02/21/03 MS STRUCTURED ASSET CORP DE X 02/01/03 MYLAN LABORATORIES INC PA X 02/18/03 AMEND NATIONAL CITY CORP DE X 02/26/03 NATIONAL VISION INC GA X 02/26/03 NATIONSBANK OF DELAWARE NA DE X X 02/15/03 NATIONSLINK FUNDING CORP 1999-LTL-1 C DE X 02/01/03 NEW CENTURY EQUITY HOLDINGS CORP DE X X 02/26/03 NISSAN AUTO RECEIVABLES 2002 B OWNER DE X 02/18/03 NISSAN AUTO RECEIVABLES 2002 C OWNER DE X 02/18/03 NISSAN AUTO RECEIVABLES 2003-A OWNER DE X X 02/20/03 NORTHWEST PIPELINE CORP DE X 02/25/03 OCEANIC EXPLORATION CO DE X X 02/19/03 ODYSSEY HEALTHCARE INC DE X X 02/25/03 OPEN TEXT CORP K6 X X 02/25/03 ORBITAL SCIENCES CORP /DE/ DE X X 02/26/03 OREGON TRAIL FINANCIAL CORP OR X X 02/24/03 OVERTURE SERVICES INC DE X X 02/25/03 PACIFIC GAS & ELECTRIC CO CA X X 02/25/03 PACIFIC GAS & ELECTRIC CO CA X 02/26/03 AMEND PALLET MANAGEMENT SYSTEMS INC FL X 02/14/03 PANAMSAT CORP /NEW/ DE X 02/24/03 PENN ENGINEERING & MANUFACTURING CORP DE X X 02/05/03 PETROQUEST ENERGY INC DE X X 02/26/03 PG&E CORP CA X X 02/25/03 PG&E CORP CA X 02/26/03 AMEND PHILLIPS VAN HEUSEN CORP /DE/ DE X X X 02/12/03 PLAINS ALL AMERICAN PIPELINE LP DE X 02/26/03 PMA CAPITAL CORP PA X 02/25/03 PMA CAPITAL CORP PA X 02/25/03 POPULAR INC PR X X 02/21/03 POTOMAC BANCSHARES INC WV X X 02/26/03 PRAECIS PHARMACEUTICALS INC DE X X 02/26/03 PRANDIUM INC DE X X 02/26/03 PRINTCAFE SOFTWARE INC DE X X 02/26/03 RAKO CAPITAL CORP NV X 02/05/03 AMEND RAKO CAPITAL CORP NV X 02/05/03 AMEND REDDING BANCORP CA X X 02/25/03 RENAISSANCE MORTGAGE ACCEPTANCE CORP DE X 02/26/03 RESIDENTIAL ASSET MORT PROD GMACM MOR X X 06/25/02 RESIDENTIAL ASSET MORT PROD GMACM MOR X X 07/25/02 RESIDENTIAL ASSET MORT PRODUCTS GMACM X X 05/25/02 RESIDENTIAL ASSET MORTGAGE PRODUCTS I DE X X 02/25/03 RURBAN FINANCIAL CORP OH X X 02/26/03 SABRE HOLDINGS CORP DE X 02/25/03 SALIX PHARMACEUTICALS LTD X X 02/26/03 SALOMON BROTHERS MORTGAGE SECURITIES DE X 02/26/03 SALOMON BROTHERS MORTGAGE SECURITIES DE X X 02/26/03 SEQUA CORP /DE/ DE X 02/26/03 SHELTER PROPERTIES III LTD PARTNERSHI CA X 12/13/02 AMEND SIERRA HEALTH SERVICES INC NV X 02/26/03 SILVER STAR FOODS INC /NY/ NY X 01/23/03 AMEND SOVEREIGN BANCORP INC PA X X 02/26/03 STARTEK INC DE X X 02/26/03 STERLING FINANCIAL CORP /PA/ PA X X 02/25/03 STERLING FINANCIAL CORP /PA/ PA X X 02/25/03 STRUCTURED ASSET MORTGAGE INVESTMENTS DE X X 02/26/03 STRUCTURED ASSET SEC CORP MORT PASS T DE X 02/01/03 SYNDICATED FOOD SERVICE INTERNATIONAL FL X 02/12/03 AMEND TANGER FACTORY OUTLET CENTERS INC NC X 12/31/02 TANISYS TECHNOLOGY INC WY X 09/30/02 TEXAS BIOTECHNOLOGY CORP /DE/ DE X 02/26/03 TFC ENTERPRISES INC DE X X 02/25/03 THERASENSE INC CA X 02/25/03 TIB FINANCIAL CORP FL X X 02/26/03 TIFFANY & CO DE X 01/31/03 TMS MORTGAGE INC NJ X X 01/15/03 TMS MORTGAGE INC NJ X X 01/15/03 TRANSPRO INC DE X X 02/24/03 TVI CORP MD X X 02/25/03 TXU US HOLDINGS CO TX X X 12/31/02 U S WIRELESS DATA INC DE X 02/25/03 U S WIRELESS DATA INC DE X 02/25/03 UBIQUITEL INC DE X X 02/24/03 UGI CORP /PA/ PA X X 02/26/03 UGI UTILITIES INC PA X X 02/26/03 ULTRALIFE BATTERIES INC DE X X 02/26/03 UNITED COMMUNITY BANKS INC GA X X 02/20/03 US HOME SYSTEMS INC /TX DE X X 02/11/03 USA INTERACTIVE DE X 02/24/03 USA INTERACTIVE DE X 02/26/03 VCA ANTECH INC DE X X 02/25/03 VISHAY INTERTECHNOLOGY INC DE X 12/13/02 AMEND WACHOVIA COMMERCIAL MORT SEC INC PAS NC X X 02/12/03 WARWICK VALLEY TELEPHONE CO NY X 02/26/03 WASHINGTON MUTUAL MORTGAGE SECURITIES DE X 02/26/03 WASHINGTON MUTUAL MORTGAGE SECURITIES DE X X 02/26/03 WESTPORT RESOURCES CORP /NV/ NV X X 02/25/03 AMEND WICKES INC DE X 03/01/03 WILD OATS MARKETS INC DE X 02/26/02 WINCROFT INC CO X 02/23/03 WORLD HEALTH ALTERNATIVES INC FL X X 02/20/03 WORLD HEALTH ALTERNATIVES INC FL X X 02/26/03 WORLD WRESTLING ENTERTAINMENTINC DE X X 02/25/03 ZAMBA CORP DE X X 02/26/03