7/26/2004

Microsoft Matures

Hello!

History was made last week when Microsoft announced a $3/share one time dividend thereby signaling to Wall Street that this technology heavyweight has transformed from a growth company to a mature company. Next, Mr. Gates might don a suit and tie, but no wingtips, we hope!

The market continues to fade on concerns of pre-election terrorism despite very reasonable second quarter earnings reports. Watch for the commerce department's report tomorrow on June new home sales.

Need a friendly face in your investment management request for proposals (RFP)? Contact us, and we will be happy to submit a proposal customized for your organization's needs.

Terri G. Millson, CIMC President

Ray Dicius, GEPC LPL Branch Manager