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Author: kidd1017 Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 7437  
Subject: Publisher's Weekly Stock Index Date: 10/8/2002 10:52 AM
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From Publisher's Weekly:

Stock Woes, or How B&N.com Helped Peter Olson Get Laundry Quarters
by Jim Milliot, PW NewsLine -- 10/4/2002
BreakingNews >

The Publishers Weekly Stock Index held up much better than the Dow in September, falling 4.9% in the month compared to a 12.4% dive by the Dow.
Only four companies on the PWSI had an increase in their stock price in September, with the stock price of 17 companies declining. Amazon.com had the best month with a 6.6% price increase, while Scholastic's optimistic forecast for fiscal 2003 earnings helped push its stock price up 5.9%. On the downside, Pearson's price fell 19.4% and the stock price of Thomas Nelson and Borders Group fell 17% and 16.2%, respectively. And MediaBay, which began the year at 62 cents per share and run up to $6.04 earlier this year, closed at 78 cents at the end of September, a 70% decline in the month despite a decent second quarter report.

Meanwhile, Barnes & Noble.com has not been able to move its stock price above the $1 level, which it must if it wants to prevent a delisting, In fact, B&N.com's stock price continues to fall, closing at 49 cents at the end of September. In a filing with the SEC, B&N.com disclosed that it granted Random House chairman Peter Olson, who recently joined the board, 40,000 stock options priced at 79 cents.


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