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Company Profiles

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Bob Bedolla is a freelance writer in San Francisco

Beginning here are brief descriptions of companies appearing at or near the tops of the tables in this section. They were written by Bob Bedolla, a freelance writer in San Francisco, and are based on research from Hoover’s Handbook and Bloomberg News.

More information about these companies and descriptions of other California companies are available from the sources listed on Page 4.

Aames Financial Corp. (ticker symbol: AAM), Los Angeles: Provides home mortgage equity loans to individuals who cannot easily get financing from traditional lenders. About 50% of its loans are purchased from other financial institutions.

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ABM Industries Inc. (ABM), San Francisco: The largest provider of janitorial services in North America. It also maintains air-conditioning units, elevators and parking lots. Its clients are office building and factory owners and public institutions that want to outsource maintenance. Major clients include Bank of America offices and branches, the World Trade Center in New York and the Sears Tower in Chicago. Janitorial services account for about 60% of sales.

Adobe Systems Inc. (ADBE), San Jose: Makes desktop publishing software. Its products include the well-known programs Adobe Photoshop (photographic image software), PageMaker (page layout software) and PostScript (page description language and interpreter).

Advanced Fibre Communications Inc. (AFCI), Petaluma: Produces switches that allow telephone and cable TV companies and other telecom providers to provide a low-cost method of delivering voice, video and data signals to nonurban service areas. The switch systems have been sold to hundreds of phone companies worldwide.

Advanced Marketing Services Inc. (ADMS), San Diego: Sells business books, bestsellers, children’s books, gift books and mass-market paperbacks to membership warehouse clubs such as major customers Costco and Wal-Mart’s Sam’s Club. AMS has operations in Canada, Mexico and Britain. It also operates more than 10 outlet stores and publishes a small number of titles through its Thunder Bay Press.

Advanced Tissue Sciences Inc. (ATIS), La Jolla: Produces living human tissue for therapeutic use in the treatment of burns and slow-to-healing wounds. Its primary product is Dermagraft, which is used to treat severe burns and ulcers. It has many products in various stages of development and intended to be used for transplantation, tissue repair and blood vessel replacement.

Affymetrix Inc. (AFFX), Santa Clara: A leader among a small number of companies developing revolutionary biotechnology that helps doctors identify which drugs are likely to help patients by analyzing genetic makeup. High research costs keep the company unprofitable, but many think its technology is promising. Drug giant Glaxo-Wellcome has recently increased its stake from 33% to 37%.

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Agouron Pharmaceuticals Inc. (AGPH), La Jolla: Uses technology based on the molecular structure of proteins to develop synthetic drugs to treat cancer, viral diseases and immuno-inflammatory diseases. Viracept, its first commercial product, now on the market, is a protease inhibitor designed to treat the virus that causes AIDS. Products under development include proteins for certain types of tumors and other cancer-related problems.

Airlease Ltd. (FLY), San Francisco: Leases used commercial aircraft, primarily to airlines. Leases to USAir account for almost 60% of company revenue. Airlease plans to delist its units from trading on the New York Stock Exchange in response to federal tax law changes affecting limited partnerships. To prepare for the liquidation of the partnership, Airlease intends to buy no more aircraft and to sell its existing jet fleet.

AirTouch Communications Inc. (ATI), San Francisco: A wireless communications firm that provides services to more than 13 million customers worldwide. Its operations include cellular telephone service, paging and personal communication service, or PCS, which is the newest all-digital cellular technology. AirTouch has joint ventures in Germany (Mannesmann Mobilfunk), Portugal (Telecel), Sweden (NordicTel) and Japan (Tokyo Digital Phone and others). It has a minority stake in the Globalstar satellite network, which is scheduled to begin later this year providing the digital cellular technology known as code division multiple access communications worldwide.

Altera Corp. (ALTR), San Jose: One of Silicon Valley’s larger specialty chip makers. It designs, manufactures and markets programmable logic devices for networking products, telecommunications equipment and industrial machinery.

Alaris Medical Inc. (ALRS), San Diego: One of the largest manufacturers of medical infusion pumps, tubing and related equipment. Its pumps are used to deliver fluids, either medicinal or nutritional, to patients.

Amgen Inc. (AMGN), Thousand Oaks: The world’s largest biotechnology company’s two best-selling drugs are the anti-anemia drug Epogen and the immune system stimulator Neupogen. Another drug, introduced last October and selling well so far, is Infergen, a treatment for hepatitis. Epogen sales accounted for about half of Amgen’s 1997 revenue. Nearly one-fourth of the company’s revenue is earmarked for research, particularly on blood cell production, inflammations and autoimmunity, neurobiology and soft tissue repair.

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AML Communications Inc. (AMLJ), Camarillo: Designs and sells amplifiers to wireless telecommunications providers. Cellular products account for almost 75% of sales; customers include AT&T; Wireless, BellSouth Mobility and Ameritech.

Angeles Mortgage Investment Trust (ANM), Westlake Village: A real estate investment trust whose chief business is making loans to partnerships that invest in income-producing real estate.

Apple Computer Inc. (AAPL), Cupertino: The company known for its Macintosh computer and the Mac OS operating system. It also makes peripherals, laptops, hand-held devices and servers. A software unit, FileMaker (formerly Claris), makes database and application tools. Apple is trying to recover from a slide in sales and market share in recent years, as computers based on Intel chips and Microsoft software have come to dominate the market. Apple has pulled the plug on Macintosh clone-making, believing that the future lies in low-cost network computers.

Applied Materials Inc. (AMAT), Santa Clara: The world’s No. 1 manufacturer of wafer fabrication equipment used by semiconductor makers. Applied Materials counts Intel, the leading semiconductor maker, among its customers. Applied Materials’ has market shares ranging from just under 30% to over 60%, depending on the segment of the semiconductor manufacturing industry. Asia accounts for about half of the company’s sales.

Arden Group Inc. (ARDNA), Compton: The holding company for Arden-Mayfair, which operates nine Gelson’s and three Mayfair supermarkets in the greater Los Angeles area. The company also owns a shopping center in Calabasas with a Gelson’s market.

Arden Realty Group (ARI), Beverly Hills: Arden Realty Group owns and leases more than 40 office properties, mainly in Los Angeles, Orange and San Diego counties.

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Arterial Vascular Engineering Inc. (AVEI), Santa Rosa: This medical engineering firm produces stent systems and balloon catheters. Its stents--expandable steel mesh tubes--are used during procedures to clear clogged arteries. After the procedure, the stents stay in place to keep the arteries open. Smaller divisions make stents for the kidneys and pelvic area.

Asante Technologies Inc. (ASNT), San Jose: Makes products such as switches, hubs and adapter cards for computer networks, with focus on such high-performance end users as digital graphics communications and education markets.

Asyst Technologies Inc.(ASYT), Fremont: Designs, manufactures and markets mini-environment and automation systems used in clean rooms for manufacturing semiconductors.

At Home Corp. (ATHM), Redwood City: Subscribers to this Internet service provider enjoy high-speed Internet access and other online services, with network technology capable of delivering data hundreds of times faster than traditional telephone modems. At Home teams with cable operators to market and provide its services, and has entered into partnerships that give it access to nearly half of all North American homes that have access to cable.

Aurora Biosciences Corp. (ABSC), La Jolla: The company, with collaborators such as Bristol-Myers Squibb and Eli Lilly, is developing a system to facilitate drug research and development.

BankAmerica Corp. (BAC), San Francisco: The holding company for Bank of America, the banking giant of the Western United States as well as the country’s fourth-largest bank company. It has $55 billion in commercial loans, and serves almost 14 million accounts in nearly 1,900 branches and close to 8,000 automated teller machines. BankAmerica recently agreed to merge with NationsBank, the country’s third-largest banking company, in a deal expected to be finalized later this year or early next year. The resulting entity would be the nation’s largest banking company, ahead of both Chase Manhattan and Citicorp.

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Bedford Property Investors Inc. (BED), Lafayette: A real estate investment trust with investments in industrial and suburban office properties in the West.

Benton Oil & Gas Co. (BNO), Carpinteria: Benton is involved in the development and production of oil and gas properties. Its oil operations are concentrated in Venezuela, Russia, California, China, West Africa and the Middle East, with proven reserves of 121 billion barrels of oil. The company sells its oil on a spot market basis primarily to Texon Corp., an oil marketing company, and its natural gas to oil and gas company Tenneco.

Bergen Brunswig Corp. (BBC), Orange: One of the three leading pharmaceutical distributors in the U.S. Distributes drugs and medical-surgical supplies to a wide variety of customers, including hospitals and managed-care facilities. Also provides over-the-counter medications, beauty products and sundries to drugstores. The company has agreed to be acquired by rival Cardinal Health, but the deal has been delayed and may be killed altogether by a Federal Trade Commission antitrust case.

Biosite Diagnostics Inc. (BSTE), San Diego: This pharmaceutical company develops, manufactures and markets diagnostic products. It major product is a single-sample urine test, used in more than 2,600 hospitals and emergency rooms,

that identifies many commonly abused drugs in about 10 minutes.

BroadVision Inc. (BVSN), Redwood City: The company’s software facilitates commerce over the World Wide Web, letting companies quickly design their own Web sites. The software helps manage online transactions involving ordering and payment, order fulfillment, billing, customer service, and other activities. It allows users to collect, track, and manage information about Web site visitors, producing profiles can be used to customize Web site content. Sales outside the U.S. account for about 60% of total revenue.

Cadiz Land Co. (CLCI), Santa Monica: Cadiz is mainly a landowner and developer specializing in purchases of land with significant water available, then selling or transferring water rights to other locations. However, its Sun World International subsidiary is probably better known. The subsidiary is a producer and marketer of fruit and vegetables.

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Catalytica Inc. (CTAL), Mountain View: A producer of catalytic technologies that reduce emissions in turbines and cut hazardous byproducts in manufacturing. A subsidiary makes base chemicals for drug companies.

Catellus Development Corp. (CDX), San Francisco: California’s largest private landowner, with 780,000 acres of land and 18 million square feet of commercial property. The company directly, or through joint ventures, owns, develops and manages dozens of industrial, commercial and residential properties primarily in California but also in Dallas, Chicago and Phoenix.

C-Cube Microsystems Inc. (CUBE), Milpitas: Designs and markets integrated circuits that compress digital video signals for consumer electronics, communications and computer applications. Customers include manufacturers such as game system designer 3DO, computer companies Sun Microsystems and Digital Equipment, and professional editing system designers Avid Technologies and Lightworks.

Central Financial Acceptance Corp. (CFAC), Commerce: Offers financial services, including unsecured consumer loans and used-car lending services that are not available to people without credit histories. The company markets to low-income Latinos in the Los Angeles and San Francisco areas.

Charles Schwab Corp. (SCH), San Francisco: The leading discount brokerage firm, which services some 4.8 million active accounts. Schwab’s OneSource is one of the three leading so-called mutual fund supermarkets (Fidelity and Vanguard are the other two). OneSource sells more than 600 no-load mutual funds, both Schwab’s own and other companies’. Schwab dominates online stock trading too--an increasingly competitive business--with a 47% market share.

Chevron Corp. (CHV), San Francisco: A major international oil company, with operations that run the gamut from the well head to the self-service gasoline pump. Chevron has net reserves of more than 4 billion barrels of oil. The company is pursuing an aggressive exploration and production strategy outside the U.S., prompted by sluggish oil markets and depressed prices in the early 1990s. Chevron holds about an interest of about 25% in NGC, the largest wholesaler of natural gas and natural gas liquids in North America, and a 50% stake in Caltex, a global refiner and marketer.

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Cisco Systems Inc. (CSCO), San Jose: Maker of the “backbone” equipment for the Internet and other networks and a leading supplier of products that link local-area networks and wide-area networks. It has 85% of the market for routers, which tell messages where to go, and 35% of the market for LAN switches. Its other products include dial-up access servers and network management software. Through acquisitions--more than a dozen since 1995--Cisco is broadening its product line and licensing products to widen the influence of its operating software in hopes of making it an industry standard. It has strategic relationships with the industry’s biggest players, including Microsoft and Intel, and with telecom giants such as GTE and Alcatel.

Collagen Corp. (CGEN), Palo Alto: Makes cosmetic medical products designed to treat damaged, diseased or aging human tissue. Collagen also sells facial implant materials used in smoothing facial wrinkles and scars. Collagen’s orthopedic line includes bone grafting products and implants to treat incontinence. Collagen plans to sell its breast implant business in order to focus on its skin and tissue products.

Comarco Inc. (CMRO), Yorba Linda: Offers commercial and government staffing services and makes products for the wireless communications industry. Subsidiaries make software, engage in technology training and provide technical and engineering support to clients, including airports and agencies supporting the Defense Department. Comarco is investing most of its resources in developing its wireless business, which maintains a sales force in the U.S. and support offices in London and Singapore.

Computer Sciences Corp. (CSC), El Segundo: Among the world’s leaders in information technology consulting, systems integration, and outsourcing. The company has more than 600 offices in more than 100 places worldwide. Government contracts account for nearly 30% of sales.

Concentric Network Corp. (CNCX), Cupertino: The network services provider develops and installs a variety of Internet and private intranet-related networks and services. It also has about 200,000 individual subscribers for Internet access through its Concentric Network.

Copart Inc. (CPRT), Benicia: Copart takes vehicles declared a total loss because of a crash or natural disaster, and stolen cars recovered after insurance settlements and auctions them off for insurance companies, auto dealers and car rental agencies. Copart processes about 410,000 vehicles a year at its more than 50 facilities in metropolitan areas across the U.S.

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Core Inc. (CORE), Irvine: A leading provider of health management programs that review, evaluate, and monitor the medical necessity and appropriateness of health care services prescribed for participants in health care plans. Clients include big companies that are major employers, commercial health insurance companies and HMOs, labor unions and third-party administrators of health insurance programs.

Craig Corp. (CRG), Los Angeles: Craig Corp. has a significant interest in Stater Bros. Holdings, a supermarket chain that operates 110 retail stores in Southern California. Craig also owns a controlling interest in Reading Entertainment, which owns and operates motion picture theaters, most of which are in Puerto Rico, and Craig has an interest in Citadel Holding, a bank holding company.

Cymer Inc. (CYMI), San Diego: Cymer is a major supplier to the semiconductor manufacturing industry and a company whose equipment has played a role in the dramatic evolution of personal computers. Cymer makes lasers that are used to produce semiconductors and that contain more circuits on a chip. Cymer has about 80% of the world market for these speciality lasers, and sales had been increasing rapidly for several years, until the recent Asian crisis. Canon and Nikon together account for about 60% of Cymer’s sales.

Daily Journal Corp. (DJCO), Los Angeles: Has 18 publications, including dailies, weeklies and monthlies devoted to legal, real estate, business and general news. Its two largest newspapers, the Los Angeles Daily Journal and the San Francisco Daily Journal, are legal news publications that generate more than 45% of the company’s revenue.

Daou Systems Inc. (DAOU), San Diego: Analyzes needs and and sells computer networks and communication systems to the health-care industry.

Data Processing Resources Corp.(DPRC), Newport Beach: Provides information technology staffing to a diverse group of corporate clients. Its consultants design, implement, maintain and manage a wide variety of software applications and platforms specializing in year 2000 projects and mainframe-to-client server migration. The company serves customers from 14 offices in the U.S., Britain and Australia. Nissan accounts for 5% of revenue; other clients include Capitol Records, Starbucks and Princess Cruise Lines.

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Datum Inc. (DATM), Irvine: Makes ultra-accurate timekeeping devices based on cesium, rubidium and quartz technologies. The products are used to time, synchronize and control operations for telecommunications and computer networks. Datum supplies more than 80% of the rubidium atomic clocks used in U.S. cellular and personal communications services network stations. Datum is currently converting its products from analog to digital standards. Its five largest customers, of which Lucent Technologies is one, account for nearly half its sales.

Dole Food Co. (DOL), Westlake Village: A leading producer worldwide of fresh fruits and vegetables and of canned fruits and juices. The company has recently entered the takeout end of the market with single-serve salads, fresh-cut vegetables, and salad kits that include dressings. The company reported a 46% drop in first quarter earnings, which it blamed on the El Nino weather pattern.

DSP Communications Inc. (DSP), Cupertino: Manufactures and markets digital signal processing software and other wireless communications technologies.

EarthLink Network Inc. (ELNK), Pasadena: A leading Internet access provider. The company’s software package works with Netscape Navigator, Microsoft Explorer or any other third-party browser. EarthLink and Sprint recently agreed to combine their Internet services, which would boost EarthLink’s subscriber base to 600,000 and give Sprint a 30% stake in the company.

Edison International (EIX), Rosemead: The parent company of Southern California Edison is busy reinventing itself as California undergoes a historic opening of competition in the electricty markets. The company serves more than 4 million customers, and has the second-largest sales revenue among U.S. utilities. With the advent of deregulation, the company will be selling half its power generation assets and changing the ways its transmission facilities and capital investments are handled.

Eltron International Inc. (ELTN), Simi Valley: Makes direct thermal and thermal transfer bar code printers, plastic card printers, software, specialized print engines, related accessories and supplies. Clients include United Parcel Service, Federal Express, Roadway Express and the U.S. Postal Service. Eltron also makes plastic card printers that create photographic images more quickly and cheaply than traditional photography.

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En Pointe Technologies Inc. (ENPT), El Segundo: A computer reseller that uses a software system that gives it online access to major vendors’ inventories. The system lets En Pointe order products for immediate delivery to its customers. The company’s vendors include IBM (about 33% of sales), Compaq (18%) and Hewlett-Packard (17%). En Pointe customers include Atlantic Richfield, Boeing, Chase Manhattan Bank, IBM and the states of California and Texas.

Etec Systems Inc. (ETEC), Hayward: The world’s leading maker of equipment used to create photolithography mask patterns, with nearly 75% of its market. The masks are in turn used to print detailed circuit patterns on semiconductor wafers.

E-Trade Group Inc. (EGRP), Palo Alto: The discount brokerage firm specializes in electronic stock trading through online services, the Internet and Touch-Tone telephones. Internet transactions account for more than 60% of the firm’s transaction volume. The company receives fees for directing transactions to brokers because it has no brokerage staff of its own.

Excite Inc. (XCIT), Redwood City: An estimated 2 million people use the company’s Internet navigational tools on a daily basis. The Excite search engine is distinguished from others because it provides search capabilities based on concepts rather than single keywords. Key partners include America Online (which owns about 20% of the company) and Intuit, which owns 19%. Analysts are concerned about future growth possibilities, however, as Netscape Communications intends to enter the market with a search engine of its own.

Exodus Communications Inc. (EXDS), Santa Clara: The company has a niche providing services to Internet and computer companies. Its major business is maintaining large numbers of computers at secure locations. Exodus customers include Computer Associates International, GeoCities, Hewlett-Packard, Hotmail and National Semiconductor.

Exponent Inc. (EXPO), Menlo Park: A technical consulting firm specializing in the investigation, analysis and prevention of accidents and failures. The company was formerly named the Failure Group. Exponent controls what may be the largest assembly of databases in the world relating to accidents and failures, and it assists companies, institutions and government agencies in determining causes of disasters and other problems.

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FileNet Corp. (FILE), Costa Mesa: A developer and marketer of software designed to manage information in office, warehouse and factory settings and make such operations more efficient. Competitors include IBM and Computer Associates.

Flamemaster Corp. (FAME), Sun Valley: Makes flame-retardant and high-heat-resistant coatings and sealants. Its sealants are typically used on aircraft fuel tanks, pressurized crew compartments and optical devices; they are also used on marine vessels.

Fluor Corp. (FLR), Irvine: One of the world’s leading engineering and construction companies. Subsidiary Fluor Daniel, which accounts for more than 90% of Fluor revenue, conducts both large and small engineering and construction projects for customers in the power generation, raw material processing, petroleum and industrial markets, and also for government clients. Subsidiary A.T. Massey Coal is one of the five leading U.S. coal mining concerns.

Foodmaker Inc. (FM), San Diego: Owner of the Jack in the Box hamburger chain. Foodmaker has more than 1,320 restaurants in the U.S. More than 80% of its locations are in Arizona, California, and Texas.

Forte Software Inc. (FRTE), Oakland: The company’s software is used in the banking, retail, energy, finance, health care, insurance, media and telecommunications industries. Products such as Forte Application Environment enable businesses and other entities to create software programs that are accessible to thousands of users simultaneously; WebEnterprise makes software programs available through the Internet; and Forte Conductor manages work flow.

Foundation Health Systems Inc. (FHS), Woodland Hills: Formed from the merger of Health Systems International and Foundation Health, and is the fourth-largest public managed health-care organization in the nation. The company provides health services to more than 6 million members in 18 states, primarily in the western U.S.

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Fotoball USA Inc. (FUSA), San Diego: Makes custom sports-related products ucts, including licensed souvenirs, for major league baseball, NFL Properties, the National Hockey League, NASCAR and colleges with NCAA teams.

Franchise Mortgage Acceptance Co. (FMAX), Los Angeles: The company originates and services loans and equipment leases to small businesses. Imperial Credit Industries owns about 40% of the company.

Gap Inc. (GPS), San Francisco: Operator of more than 2,100 casual clothing stores, under the names the Gap, GapKids, Banana Republic and Old Navy Clothing. All clothing the stores sell is private-label merchandise made specifically for the company.

Gentle Dental Services Corp. (GNTL), Yorba Linda: Provides facilities, equipment, staffing, management support, billing and other services to dentists, primarily in California, Oregon and Washington. The company is growing rapidly, in part through acquisitions.

Gilead Sciences Inc. (GILD), Foster City: Develops drugs based on nucleotides, the building blocks of DNA and RNA. Early results from studies on its powerful anti AIDS drug, Preveon, a new type of reverse transcriptase inhibitor, indicate that it may be be a strong candidate for combinational therapies used to suppress the AIDS virus. Gilead is also developing a compound it says cures influenza in laboratory animals within a day with no side effects; the drug will soon begin testing on human beings.

Golden State Bancorp (GSB), Glendale: Golden State Bancorp is the holding company for Glendale Federal Bank, a savings bank with about 190 branch offices and about 25 loan offices in California. Financiers Ron Perelman and Gerard Ford’s First Nationwide Holdings (parent of California Federal Bank) plans to acquire Golden State later this year. However, analysts speculate that the new Golden State Bancorp could itself be an attractive takeover candidate for any money center bank or super-regional bank wanting to enter the lucrative California market.

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Hall Kinion & Associates (HAKI), San Jose: Supplies staffing to high-technology companies on both a contract and permanent basis.

Harding Lawson Associates Group (HRDG), Novato: Offers engineering, environmental and construction services relating to the cleanup of contaminated waste sites.

Haskel International Inc. (HSKL), Burbank: A leading manufacturer of pneumatic high-pressure liquid pumps and gas boosters. Haskel also distributes such equipment.

Heartport Inc. (HPRT), Redwood City: Surgical tools and technology for heart operations. The company has developed various “port access” methods of cardiovascular surgery, which let surgeons operate on the heart through tiny “ports,” or incisions, in the chest. (Traditional heart surgery involves splitting the breast bone.) Analysts say that although the procedure shows promise, there has not been a breakthrough and sales growth remains moderate.

Hewlett-Packard Co. (HWP), Palo Alto: One of the world’s three largest personal computer companies and a leading provider of desktop computers, servers, peripherals and services. Computers, peripherals and computer-related services account for more than 80% of sales. The company also makes testing and measurement equipment and electronics for medical use.

More than half of its sales come from outside the U.S. HP is hedging its bets by collaborating with Microsoft to “ruggedize” its Windows NT network operating system and is helping Intel design its next-generation chip to run operating systems other than Windows.

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H.F. Ahmanson & Co. (AHM), Irwindale: The parent company of Home Savings of America, the U.S.’ second-largest savings institution, and, at 109 years old, among the country’s oldest. Washington Mutual, the largest U.S. thrift, recently agreed to buy Ahmanson for $10.1 billion in a deal expected to be approved late this summer.

Hilton Hotels Corp. (HLT), Beverly Hills: Hilton owns, manages, franchises or a combination thereof more than 230 hotels worldwide. With its $3-billion purchase of Bally Entertainment at the end of 1996, it is also now the nation’s largest gambling business. U.S. gaming operations include casino hotels in Las Vegas and Atlantic City, a riverboat casino in New Orleans, and an interest in a Canadian casino.

Hybrid Networks Inc. (HYBR), Cupertino: A supplier of equipment to cable and wireless systems that provide high-speed access to the Internet and corporate intranets. Produces routers, cable and wireless modems, and management software. Intel owns about 12% of the company.

HNC Software Inc. (HNCS), San Diego: Develops client/server software for decision-making applications. The company’s software products detect debit and credit card fraud, manage merchant risk, automate lending decisions and records of home valuations, manage retail inventories, and extract information from customer data bases.

IDEC Pharmaceuticals Corp. (IDPH), San Diego: Develops therapies for the treatment of cancer and autoimmune and inflammatory diseases. The company’s only federally approved product, Rituxan, is used in the treatment of B-cell non-Hodgkin’s lymphomas.

Impac Mortgage Holdings Inc. (IMH), Santa Ana Heights: Formerly known as Imperial Credit Mortgage Holdings. The real estate investment trust invests in nonconforming residential mortgage loans and mortgage-backed securities. One of its units buys adjustable-rate nonconforming home mortgage loans, securitizes them and sells them to its parent company or to other long-term investors. Another unit provides short-term credit to mortgage banks. The company was spun off in 1995 from Imperial Credit Industries.

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Infoseek Corp. (SEEK), Sunnyvale: Operates one of the most popular World Wide Web search services. It logs more than 9 million information requests a day, about 70% of them from corporate users. Infoseek’s contract with Netscape Communications expired at the end of April, and Infoseek, like other Web search services, may face more competition as Netscape plans to begin offering a Web search engine of its own.

Ingram Micro Inc. (IM), Santa Ana: The leading wholesale distributor of microcomputer products. Ingram offers more than 145,000 products to 100,000 computer resellers in 120 countries. The majority of its sales are of products supplied by manufacturers such as Compaq, IBM, NEC and Apple Computer. Approximately one-third of the company’s business comes from foreign sales.

Intel Corp. (INTC), Santa Clara: The leading maker of microprocessors, with 90% of the world market. The company also makes flash-memory chips, micro controllers, networking products and videoconferencing systems.

The company is using its profit to diversify. For example, in an effort to move into the graphics chip market, Intel merged with Chips & Technology in 1998 in a deal worth $420 million. The deal was completed after a preliminary injunction was dropped by the Federal Trade Commission. The FTC was apparently concerned that Intel would gain an even larger share of the chip market with the acquisition.

Although revenue last year was up 20% to $25.07 billion, weak demand brought a 36% drop in first-quarter profit to $1.3 billion. As a result, Intel will lose 3,000 jobs from attrition. Intel has plants in Ireland, Israel, Malaysia and the U.S.

InVision Technologies Inc. (INVN), Newark: The company has enjoyed a virtual monopoly in bomb-scanning equipment because it was the only company sanctioned by the Federal Aviation Administration to provide such equipment in U.S. airports. It has more than 50 explosives detection units installed in civilian airports worldwide. However, with other companies getting sanctions this year, it will face competition.

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Kennedy-Wilson Inc. (KWIC), Santa Monica: A brokerage services comany and a specialist in buying and selling office buildings, condominiums and other properties. During California’s real estate recession of the early 1990s, the company helped developers unload unsold housing tracts, often in well-publicized auctions. Since then, the company has expanded its own commericial real estate holdings in Asia and the U.S., particular in greater Los Angeles, where it has increased its own office space to 3 million square feet.

Landec Corp. (LNDC), Menlo Park: A provider of specialty polymer products that change physical characteristics when exposed to changing temperatures. There is great interest in its Intellicoat seed coating that is designed to allow early planting of crop seeds by preventing their germinating until warm weather arrives. Landec also owns acrylic and polymer maker Dock Resins and Fielder’s Choice Hybrids, marketer of seed corn.

Legato Systems Inc. (LGTO), Palo Alto: Develops and supports network storage management software products. Its NetWorker software generates automatic backup copies of data on hard disks and allows for simple finding and removal of files. Its Gems software enables information technology personnel to control storage management across several locations.

Life Financial Corp. (LFCO), Riverside: The holding company for Life Savings Bank, a federally chartered savings bank in San Bernardino. Life Financial is being acquired by Firstplus Financial Group, a Dallas-based consumer finance firm.

Long Beach Financial Corp. (LBFC), Orange: Long Beach Financial originates, purchases and sells sub-prime residential mortgage loans through its wholly-owned subsidiary, Long Beach Mortgage. Most of its broker network is outside California.

Mattel Inc. (MAT), El Segundo: The No. 1 U.S. toy maker. Its major brands include Barbie, Fisher-Price, Disney entertainment lines and Hot Wheels. About one-third of its revenue comes from outside the U.S.

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Maxicare Health Plans Inc. (MAXI), Los Angeles: Major provider of managed health-care and other employee benefit programs.

McKesson Corp. (MCK), San Francisco: The largest wholesale drug distributor in the U.S. and Canada. It provides pharmaceuticals, health and beauty products, and home-care products to 18,000 pharmacies, hospitals, clinics, physicians’ offices and alternative care providers. McKesson Water Products is also a major business, with brands such as Crystal, Alhambra and Sparkletts. Its attempt to grow by buying competitors has been stymied by a federal antitrust case expected to go to trial this year.

Media Arts Group Inc. (ARTS), San Jose: Manufactures, markets and licenses gifts, collectibles and decorative accessories. Media Arts’ products are sold worldwide in more than 3,500 retail stores, principally in the U.S. and Britain. Products also are sold through cable TV channels such as QVC and through more than a dozen Thomas Kinkade Stores.

Micro Linear Corp. (MLIN), San Jose: Develops analog and mixed-signal integrated circuits for the communications, computer and industrial markets. It focuses on simplifying the design of electronic systems by reducing the number of passive components needed to perform various applications.

Modtech Inc. (MODT), Perris: Makes the modular classrooms and buildings commonly known as portables. Modtech also makes portable buildings to house telecommunications equipment and canopies for use at automotive service stations and for rental cars at airports.

National Semiconductor Corp. (NSM), Santa Clara: A onetime big player in technology; it is now primarily a designer and manufacturer of semiconductors that power cellular phones, laptop computers and network adapters. The company focuses on analog and mixed-signal device markets, and is expanding into higher-value chips for consumer entertainment and information devices. In a challenge to industry leader Intel, the company has announced plans to produce a single chip that would combine the dozens of the chips that now make up a PC, which could result in PCs that retail for as little as $400.

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National Technical Systems Inc. (NTSC), Calabasas: An engineering and component-testing firm that also provides staffing and event-registration services. Its technical services unit operates facilities that determine the performance and reliability of components used in motor vehicles, missiles, nuclear safety equipment, communications and other products.

Network Appliance Inc. (NTAP), Santa Clara: The company produces data-storage devices used in high-traffic, data-intensive networks.

Networks Associates Inc.(NETA), Santa Clara: A leader in the computer network management and security industry. Its products include anti-virus software, such as NetShield and VirusScan, and anti-virus hardware. The company now sells its products, after initially offering some anti-virus software as shareware on the Internet.

New Century Financial Corp. (NCEN), Irvine: Provides sub-prime mortgage loans. Most of the company’s customers are poor credit risks or face other obstacles in obtaining credit and thus pay higher origination fees and interest rates. Nearly half of the company’s loan volume comes from California. New Century in turn sells the mortgages in bulk or as securities.

North American Scientific Inc. (NASI), North Hollywood: Though only recently eligible to be listed on Nasdaq, the company has attracted analysts’ attention because of demand for its products, which measure effluent from factories and power plants. Its major customers are the U.S. government and utilities that own nuclear power plants.

Northrop Grumman Corp. (NOC), Los Angeles: Among the leaders in the U.S. aerospace and defense industries. Northrop Grumman makes B-2 stealth bombers for the Air Force, and also portions of airplanes for commercial customers, including Boeing and Gulfstream. The company also produces electronics, missile systems and computer systems. The electronics segment accounts for about half of the company’s revenue. The company has agreed to be bought by Lockheed Martin, but federal opposition is threatening the deal. The anti-trust case is expected to go to federal court in September.

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Occidental Petroleum Corp. (OXY), Los Angeles: The company is best known as an oil concern, but it also makes basic chemicals, polymers and plastics. Occidental has extensive crude oil trading operations as well.

It sold its MidCon natural gas transmission and marketing subsidiary for $3.1 billion earlier this year to help pay for the $3.5-billion purchase of the Elk Hills oil and gas reserves in Kern County, which contains one of the largest remaining U.S. oil fields outside Alaska. The deal was the largest sale ever of a U.S. government asset.

Onsale Inc. (ONSL), Mountain View: An Internet company that operates around-the-clock online auctions allowing customers to bid on more than 1,500 items per week. Items range from vacation packages to sports equipment to computer hardware to household goods. About 100,000 people have registered as prospective bidders.

Onyx Acceptance Corp. (ONYX), Irvine: An automobile finance company that specializes in making loans through automobile dealers in California, Washington, Arizona and Nevada. Its services are available seven days a week to coincide with dealer selling hours.

Oracle Corp. (ORCL), Redwood City: The leading developer of database management systems software, which allows multiple users and applications to use the same data at the same time. Thedatabase software runs on everything from notebook computers to mainframes. Oracle also makes application development productivity tools, computer-automated software engineering products and document automation products.

Overland Data Inc. (OVRL), San Diego: Manufactures magnetic-tape storage systems for business backup and archiving needs.

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Pacific Enterprises (PET), Los Angeles: A holding company, principally for Southern California Gas, the U.S.’ largest natural gas distribution utility, which serves central and Southern California. The company is being acquired by Enova Corp. parent of San Diego Gas & Electric, in a transaction expected to be completed later this year.

Pacific Gateway Exchange Inc. (PGEX), Burlingame: Provides international telecommunication service to long-distance carriers. Has interests in undersea fiber-optic cable systems in the Atlantic, Caribbean and Pacific basins. Also involved in leasing satellite facilities.

Pacific Gulf Properties Inc. (PAG), Newport Beach: A real estate investment trust that owns, operates, develops and leases industrial and multifamily properties in California, Nevada, Oregon and Washington.

PacifiCare Health Systems Inc. (PHSYB), Santa Ana: The managed-care giant now counts 3.8 million members since its 1997 acquisition of FHP International. Its Secure Horizons subsidiary is the nation’s largest Medicare HMO program. The company serves 11 states and the territory of Guam.

Penederm Inc. (DERM), Foster City: A maker of drugs to treat dermatological disorders. Its prescription medications treat acne and several types of skin fungus. Penederm is also developing treatments for inflammatory fungal conditions, nail fungus and psoriasis. The company also makes over-the-counter sunscreens, skin lotions and fungus treatments.

PeopleSoft Inc. (PSFT), Pleasanton: One of the leading designers of software that lets businesses manage human resource, financial, manufacturing, inventory planning and distribution operations across computer networks. PeopleSoft also develops industry-specific software for the transportation and utility markets, among others.

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PFF Bancorp Inc. (PFFB), Pomona: A bank holding company. Its PFF Bank & Trust operates more than 20 bank branches, two trust offices and a regional loan center in Southern California. A subsidiary also sells insurance, annuities and mutual funds.

PG&E; Corp. (PCG), San Francisco: The holding company for Pacific Gas & Electric, the nation’s second-largest publicly owned electric and gas utility. It serves almost 4.5 million electric customers and 3.7 million gas customers in Northern and Central California. Because of utility deregulation, the company is moving away from being a power supplier and toward being a power and gas distributor. PG&E; Energy Services (the new unregulated subsidiary of PG&E;) has entered into new bulk contracts to deliver electricity in California.

Pixar Inc. (PIXR), Richmond: The digital animation studio that became famous with its work on the movie “Toy Story.” It has done work on other feature films and on CD-ROM titles and related products.

Powerwave Technologies Inc. (PWAV), Irvine: Formerly Milcom International. The company makes ultra-linear radio-frequency power amplifiers. Its primary market is South Korea, where the company’s three largest customers are Hyundai Electronics Industries, LG Information & Communications and Samsung Electronics.

Premisys Communications Inc. (PRMS), Fremont: Makes integrated-access products for telecommunications service providers.

Preview Travel Inc. (PTVL), San Francisco: A leading online travel agency that operates America Online’s main travel services and also a co-branded site with search-engine company Excite. A subsidiary makes travel films for use on television and on airline in-flight presentations.

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Price Enterprises Inc. (PREN), San Diego: A real estate investment trust formed from a company spun off from Costco when it merged with Price Co. early last year. Its primary properties are 28 shopping centers in the West and Northeast.

PS Business Parks Inc. (PSB), Glendale: A real estate investment trust with interests in more than 60 commercial properties in 10 states.

Qualcomm Inc. (QCOM), San Diego: An innovator in the technology used in digital cellular phones. The firm’s “code division multiple access,” or CDMA, technology is an industry standard for mobile communications used in cellular, personal communication services and wireless local loop systems. In a bid to expand its position in telecom businesses, it has entered into a joint venture with Loral to develop the Globalstar system of low-orbiting communications satellites. Qualcomm also publishes Eudora, a leading e-mail software.

Quantum Corp. (QNTM), Milpitas: The nation’s No. 2 maker of disk drives. The company makes high-end hard disk drives, solid-state disk drives, cartridge tape drives and tape drive-related products for computer makers. Its disk drives for the low-end desktop computer market account for most of its sales. Quantum’s tape drive business has benefited from the increased use of the Internet, intranets and data base servers, which require frequent backup.

Raster Graphics Inc. (RGFX), San Jose: Makes and sells digital color printers that are used to make point-of-purchase displays, vinyl and cloth banners, trade show exhibit graphics, billboards, courtroom graphics and backlighted signs. Raster sells its printers primarily to color photo laboratories, reprographic houses, graphic arts service bureaus, exhibit builders, screen printers and in-house print shops.

Raychem Corp. (RYC), Menlo Park: Raychem makes a range of electrical and industrial equipment for manufacturers in the electronics, telecommunications, transportation, infrastructure and energy fields.

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Remedy Corp. (RMDY), Mountain View: Maker of help-desk management software for corporate computer networks.

Rockwell International Corp. (ROK), Costa Mesa: Former defense industry giant Rockwell International is now one of the world’s largest industrial automation companies. It is the leading maker of microchips and chip sets for fax, voice and data modems, with a 65% market share for PC modem chips. The company also makes avionics, including cockpit display, flight control and global positioning equipment. Rockwell has sold its aerospace and defense operations to Boeing, and spun off its automotive unit as Meritor.

Safeway Inc. (SWY), Pleasanton: The nation’s second-largest food retailer (after Kroger), with more than 1,350 stores, primarily in the Western U.S. and Canada. Safeway also owns the Vons Cos., one of the largest supermarket chains in Southern California, and also a nearly 50% stake in Casa Ley, which operates food/variety retail and wholesale stores in Western Mexico. In addition to its grocery operations, it manufactures and sells private-label merchandise.

SBE Inc. (SBEI), San Ramon: Develops and sells high-speed computer communications controllers and remote-access inter-networking products.

Scope Industries (SCP), Santa Monica: Recycles waste material from food processing plants into animal feed, generally under the brand name Dext Co. Also converts bakery waste material into edible bread crumbs, which it sells to poultry farms, feedlots, pet food manufacturers and dairies. Plants are in Los Angeles, Vernon, San Jose, Chicago, Dallas, Denver and Baltimore. The company also operates cosmetology schools and has real estate interests.

Scopus Technology Inc. (SCOP), Emeryville: Scopus helps companies improve customer service by automating customer support, internal help-desk support, and sales and marketing activities. Rival software company Siebel Systems has agreed to acquire it, with the deal expected to close before June 30.

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Seagate Technology Inc. (SEG), Scotts Valley: The leading maker of storage drives for computers. Seagate makes disk drives used in notebook computers, desktop PCs, workstations and supercomputers. Seagate dominates the market in high-end disk drives used in large-scale computer networks. The company also makes tape drives, DAT drives and software used in network and client/server applications. Seagate has manufacturing and distribution facilities in North America, Europe and Asia.

Semtech Corp. (SMTC), Newbury Park: Semtech makes analog and mixed-signal semiconductors--chips that distribute power to and protect digital chips from power surges--and chips used in automated test equipment for customers in the computer, communications, military, aerospace and automotive markets. Semtech also produces silicon wafers used by other chip makers. The company has plants in California, Texas, Mexico and Scotland.

Siebel Systems Inc. (SEBL), San Mateo: A leading provider of sales and marketing information software. Its flagship product is Siebel Sales Enterprise, an Internet-enabled software package that allows corporations to deploy customer, product and competitive information support systems on a global scale. The company’s products provide support for multiple languages and currencies to professionals in direct field sales, telemarketing, distribution, retail and Internet-based selling. The purchase of rival Scopus Technology, to be completed by June 30, is expected to add expertise in customer service and help-desk products.

Southwest Water Co. (SWWC), West Covina: Produces and supplies water and water-related services to residential, commercial and industrial customers in the Western and Southwestern U.S. Subsidiary Suburban Water Systems is a regulated water utility that serves about 230,000 customers in portions of Los Angeles and Orange counties.

Star Telecommunications Inc. (STRX), Santa Barbara: An international long-distance telecommunications provider to more than 200 countries. Star markets its services to small and medium-size long-distance companies without international transmission capabilities, as well as to larger companies seeking overflow capacity. The company holds ownership positions in five digital undersea fiber-optic cables and operates international gateway switching facilities in New York and Los Angeles.

Sunstone Hotel Investors Inc. (SSI), San Clemente: A hotel real estate investment trust that buys and renovates mid-price full-service hotels in the Western U.S. Sunstone’s recent purchase of privately held hotel firm Kahler Realty will double its number of hotel rooms, to about 9,000.

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Synbiotics Corp. (SBIO), San Diego: Develops and manufactures diagnostic, vaccine and biological products used in animal health care. Synbiotics markets primarily to veterinarians.

Tab Products Co. (TBP), Palo Alto: A leading provider of record management systems. The company makes products for paper-based and automated file-tracking systems; office furniture; high-speed mailing systems; and mobile and stationary record storage units.

Tekelec (TKLC), Calabasas: A supplier of telephone testing and switching equipment to regional Bell operating companies and to other major telecommunications companies. Its diagnostic and support products also are sold to national phone companies in other countries.

3Com Corp. (COMS), Santa Clara : The world’s second-largest maker (after Cisco Systems) of hardware that lets computers communicate with each other across networks. Although earnings and profit have fallen in recent quarters, some analysts remain moderately positive simply because 3Com is still the best competitor to Cisco in the networking market. Analysts say 3Com can prosper in specific areas in which it is a leader, particularly in adapter cards, modems and remote access servers. In addition to its core business, 3Com makes the Palm Pilot electronic organizer.

3Dfx Interactive Inc. (TDFX), San Jose: The company makes the devices known as graphics accelerators, which are used in producing the graphics on personal computers and coin-operated arcade games. 3Dfx sells most of its product to original equipment manufacturers, including Diamond Multimedia Systems, Elitetron Electronic and Orchid Technology, which together account for 60% of its sales.

Times Mirror Co. (TMC), Los Angeles: Times Mirror is the media company that is the parent of the Los Angeles Times, the nation’s fourth-largest newspaper in circulation, as well as of six other daily newspapers, including the Baltimore Sun and Newsday of Long Island, N.Y. The company also is the publisher of a number of magazines, such as Field & Stream and Popular Science. Times Mirror has sold several of its subsidiaries in recent years, such as cable TV and book publishing interests--and plans to sell others, including its legal and medical publishing units--in order to focus its resources on publishing newspapers, magazines and training materials.

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Tivoli Industries Inc. (TVLI), Santa Ana: Produces low-voltage tube lighting marine and vehicular lighting and energy-efficient lamps. The company also makes lights for movie theaters, casinos, aircraft, theme parks and construction projects.

Titan Pharmaceuticals Inc. (TTNP), South San Francisco: A biotechnology company with several treatments in development for cancer and central nervous system disorders. Although its sales revenue remains low, some of its treatments are considered promising, particularly Iloperidone, a proposed drug treatment for schizophrenia. Swiss drug giant Novartis has paid a multimillion-dollar licensing fee to manufacture and market Iloperidone.

Transamerica Corp. (TA), San Francisco: A major U.S. financial services company (perhaps best known for its landmark pyramid-shaped tower downtown San Francisco). Transamerica started as a holding company for Bank of America. The company’s largest business is life insurance, but it also is a big player in annuities, mutual funds, reinsurance and Medicare processing. It is also involved in real estate-related businesses, including data management and flood hazard consulting. Last year it sold its non-mortgage lending businesses--with 400 offices--to Household International.

Unilab Corp. (ULB), Tarzana: The company does medical testing for doctors and hospitals throughout California, at centralized full-service laboratories.

United Television Inc. (UTVI), Beverly Hills: Operates three very-high-frequency, or VHF, TV stations and two ultra-high-frequency, or UHF, TV stations in California, Arizona, Minnesota, Texas and Utah. One station is an ABC affiliate, one is an NBC affiliate, and the rest are independent stations affiliated with UPN.

Unocal Corp. (UCL), El Segundo: Develops crude oil and natural gas properties, primarily in the Gulf of Mexico and Asia. Unocal has sold its California-based refining and marketing operations, including its refineries and its 76 brand gas stations. Unocal is also the world’s leading producer of geothermal energy, and it manufactures chemicals for the agricultural and industrial markets.

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Unova Inc. (UNA), Beverly Hills: Unova, spun off from industrial technology company Western Atlas in October, is the unit of Western Atlas that was not involved in the oil services industry. It makes and sells automated data collection and mobile computing systems, and also designs automobile manufacturing systems. The spinoff created one of the largest companies in Southern California, with a market value of about $1.1 billion. Unova bought two smaller machine tool companies this year as part of its plan to increase the number of smaller customers and thus reduce its reliance on large contracts.

Uroquest Medical Corp.(UROQ), Menlo Park: Develops and markets products that diagnose and manage male and female urological disorders.

Varian Associates Inc. (VAR), Palo Alto: Makes high-tech systems and components for medical and industrial uses. Among the company’s products are radiation equipment used to treat cancer, X-ray tubes, analytical instruments, vacuum pumps and specialized machines used in semiconductor manufacturing.

Veritas Software Corp. (VRTS), Mountain View: Makes software that guards networks against data loss from crashes and errors, speeds data recovery after failures and manages corporate information storage.

Vista Information Solutions Inc. (VINF), San Diego: Provides risk management information, software and other services to companies interested in specific environmental and insurance underwriting information.

Visx Inc. (VISX), Santa Clara: Manufactures the Visx laser surgical system, designed to re-contour the front surface of the human cornea. The widespread use of the technology is a factor in an ongoing federal investigation of Visx and its competitor, Summit Technology, in connection with price-fixing allegations. ed violations. The company is cooperating but denies that it has done anything illegal.

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Walt Disney Co. (DIS), Burbank: The world’s second-largest media conglomerate after Time Warner and certainly the world’s best known. Licensing and merchandising agreements associated with its animated characters, movies and films have spread its name into every country on earth. It has interests in TV and movie production, including Buena Vista Television, Miramax Film and Touchstone Pictures, theme parks, publication companies and professional sports franchises. Disney’s ABC division includes the ABC TV network, several dozen TV stations and shares in five cable channels, including ESPN.

Wind River Systems Inc. (WIND), Alameda: Develops and markets operating systems and tools used to create complex software that is embedded in computer chips, which in turn are used in laser printers, auto braking systems and jet fighter control panels.

Yahoo Inc.(YHOO), Santa Clara: A leading search engine firm and a pioneer in providing navigational tools for the Internet. Its advertising-supported directory, which links users to millions of Web pages, provides more revenue than that of competitor. It has made deals with Internet browser company Netscape Communications, telecom giant MCI and other companies to create new services for Internet users.

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The Market Value 100

Companies ranked by market value as of April 17. Market value is stock price multiplied by the number of shares outstanding.

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Market value, Name Ticker in millions 1 Intel INTC $122,316 2 Walt Disney DIS 76,976 3 Cisco Systems CSCO 72,057 4 Hewlett-Packard HWP 65,582 5 BankAmerica BAC 60,303 6 Chevron CHV 54,477 7 Wells Fargo WFC 32,165 8 Oracle ORCL 26,527 9 AirTouch Communications ATI 25,676 10 Atlantic Richfield ARC 25,089 11 Safeway SWY 18,400 12 Gap GPS 18,342 13 Sun Microsystems SUNW 15,307 14 Amgen AMGN 14,738 15 Franklin Resources BEN 14,472 16 PG&E; PCG 13,783 17 Applied Materials AMAT 12,980 18 PeopleSoft PSFT 12,392 19 Tenet Healthcare THC 12,195 20 3Com COMS 11,780 21 Mattel MAT 11,704 22 Rockwell International ROK 11,161 23 Edison International EIX 10,991 24 Occidental Petroleum OXY 10,317 25 Unocal UCL 9,663 26 SunAmerica SAI 9,381 27 Charles Schwab SCH 9,371 28 Genentech GNE 8,734 29 Clorox CLX 8,731 30 H.F. Ahmanson AHM 8,303 31 Hilton Hotels HLT 8,150 32 Ascend Communications ASND 8,108 33 Computer Sciences CSC 8,088 34 Transamerica TA 7,431 35 Cadence Design Systems CDN 7,401 36 Northrop Grumman NOC 7,116 37 Seagate Technology SEG 6,632 38 Avery Dennison AVY 6,523 39 Golden West Financial GDW 6,254 40 Providian Financial PVN 6,220 41 UnionBanCal UNBC 5,922 42 Ingram Micro IM 5,856 43 Countrywide Credit Ind. CCR 5,631 44 Yahoo YHOO 5,568 45 McKesson MCK 5,497 46 Linear Technology LLTC 5,477 47 Times Mirror TMC 5,432 48 Bay Networks BAY 5,069 49 WellPoint Health Networks WLP 5,047 50 Maxim Integrated Products MXIM 5,009 51 Solectron SLR 4,780 52 Robert Half International RHI 4,536 53 Network Associates NETA 4,475 54 At Home ATHM 4,392 55 Alza AZA 4,174 56 Advanced Micro Devices AMD 3,958 57 Fluor FLR 3,935 58 Qualcomm QCOM 3,839 59 National Semiconductor NSM 3,791 60 Apple Computer AAPL 3,709 61 United States Filter USF 3,640 62 Mercury General MCY 3,627 63 LSI Logic LSI 3,621 64 Watson Pharmaceuticals WPI 3,600 65 Altera ALTR 3,545 66 Chiron CHIR 3,526 67 Public Storage PSA 3,443 68 Raychem RYC 3,383 69 Pacific Enterprises PET 3,341 70 ICN Pharmaceuticals ICN 3,316 71 KLA-Tencor KLAC 3,272 72 Quantum QNTM 3,266 73 Adobe Systems ADBE 3,244 74 Foundation Health Systems FHS 3,242 75 Univision Communications UVN 3,186 76 Advanced Fibre Communic. AFCI 3,147 77 Enova ENA 3,138 78 Xilinx XLNX 3,137 79 Dole Food DOL 2,923 80 Litton Industries LIT 2,775 81 PMI Group PMA 2,669 82 Wesco Financial WSC 2,652 83 Total Renal Care Holdings TRL 2,600 84 Electronic Arts ERTS 2,584 85 Silicon Graphics SGI 2,558 86 Allergan AGN 2,521 87 Intuit INTU 2,456 88 Spieker Properties SPK 2,394 89 Bergen Brunswig BBC 2,373 90 Arterial Vascular Eng. AVEI 2,350 91 Synopsys SNPS 2,335 92 Netscape Communications NSCP 2,272 93 Adaptec ADPT 2,268 94 Ross Stores ROST 2,192 95 Callaway Golf ELY 2,161 96 Autodesk ADSK 2,157 97 King World Productions KWP 2,143 98 PacifiCare Health Systems PHSYB 2,091 99 Golden State Bancorp GSB 2,088 100 Fremont General FMT 2,073

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Wall Street’s High-Fliers

Companies with highest ratios of market value to annual sales. A high price-to-sales ratio usually indicates a company that is expected to show explosive growth or is overpriced--or both.

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4/17/98 1-yr. mkt. value, revenue, Rank Company Ticker in millions in millions 1 AtHome ATHM $4,392 $12 2 Yahoo YHOO 5,568 88 3 Exodus Communications EXDS 718 12 4 USWeb USWB 1,116 19 5 Pixar Animation Studios PIXR 1,545 35 6 Affymetrix AFFX 697 20 7 Infoseek SEEK 1,134 35 8 Gilead Sciences GILD 1,254 40 9 Protein Design Labs PDLI 624 20 10 Rambus RMBS 974 34 11 Preview Travel PTVL 378 14 12 Advanced Tissue Sciences ATIS 339 13 13 Inhale Therapeutic Systems INHL 421 16 14 Pimco Advisors Hldgs PA 1,477 60 15 Excite XCIT 1,663 66 16 SCM Microsystems SCMM 667 28 17 MMC Networks MMCN 644 28 18 COR Therapeutics CORR 435 22 19 Artisan Components ARTI 243 13 20 Siebel Systems SEBL 2,063 119 21 Idec Pharmaceuticals IDPH 775 45 22 BroadVision BVSN 453 27 23 CNet CNWK 540 34 24 Aspect Development ASDV 986 60 25 Gemstar Intl. Group GMSTF 1,772 109 26 Vitesse Semiconductor VTSS 1,969 133 27 Veritas Software VRTS 1,851 121 28 PeopleSoft PSFT 12,392 816 29 Kaiser Ventures KRSC 146 10 30 Thoratec Laboratories THOR 152 10 31 Metricom MCOM 199 13 32 Uniphase UNPH 1,948 142 33 Heartport HPRT 323 23 34 Legato Systems LGTO 1,232 93 35 Aurora Biosciences ABSC 189 15 36 Linear Technology LLTC 5,477 457 37 Wesco Financial WSC 2,652 219 38 Documentum DCTM 902 76 39 Objective Sys. Integrators OSII 428 37 40 Genelabs Technologies GNLB 146 13 41 Providian Financial PVN 6,221 582 42 Watson Pharmaceuticals WPI 3,600 338 43 Isis Pharmaceuticals ISIP 390 37 44 Incyte Pharmaceuticals INCY 1,150 101 45 Safeskin SFSK 1,967 183 46 Xoma XOMA 195 18 47 Ligand Pharmaceuticals LGND 589 52 48 BEA Systems BEAS 1,674 157 49 Franchise Mtg. Acceptance FMAX 639 60 50 Genesys Telecom. GCTI 719 71 51 Wind River Systems WIND 941 92 52 Maxim Integrated Products MXIM 5,009 488 53 Arterial Vascular Eng. AVEI 2,350 228 54 Advanced Fibre Communic. AFCI 3,147 309 55 Cholestech CTEC 190 19 56 Tekelec TKLC 1,209 125 57 Cisco Systems CSCO 72,057 7,298 58 ArthroCare ARTC 125 13 59 Geoworks GWRX 104 11 60 Zitel ZITL 193 20 61 SRS Labs SRSL 95 10 62 Cell Genesys CEGE 242 24 63 Premisys Communications PRMS 796 87 64 Sequus Pharmaceuticals SEQU 377 40 65 Tejon Ranch TRC 379 41 66 VISX VISX 701 77 67 Scios SCIO 461 53 68 Genentech GNE 8,734 1,024 69 Mercury Interactive MERQ 687 77 70 PacificAmerica Money Ctr. PAMM 110 13 71 HNC Software HNCS 965 114 72 Alliance Pharmaceutical ALLP 263 29 73 ALZA AZA 4,174 490 74 Cylink CYLK 439 49 75 Peerless Systems PRLS 211 25 76 DSP Communications DSPC 681 82 77 Network Appliance NTAP 1,156 145 78 Cadence Design Systems CDN 7,401 916

Price/ sales Rank ratio 1 366 2 63 3 60 4 59 5 44 6 35 7 32 8 31 9 31 10 29 11 27 12 26 13 26 14 25 15 25 16 24 17 23 18 20 19 19 20 17 21 17 22 17 23 16 24 16 25 16 26 15 27 15 28 15 29 15 30 15 31 15 32 14 33 14 34 13 35 1

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