ALSO IN THIS ISSUE:

SHORT NEWS: Under Armour; Nike; Adidas-Salomon; Genesco; Phoenix Footwear Group;and Home Depot.

Yahoo! finally set up an Under Armour message board (http://finance.yahoo.com/q/mb?s=UARM). Maybe the Under Armour "squatters" will move off the Nike message board and go to Under Armour's.

Barclays PLC reduced its stake in Adidas-Salomon to 4.97% from +5%. According to German law, companies must make it public if they cross the 5% threshold?Wellington Management Co. reduced its stake in Genesco to 823,000 from 1.36 million at the end of September,
Phoenix Footwear Group and its wholly-owned subsidiary, Altama Delta Corp., entered into an agreement with W. Whitlow Wyatt which modified the terms of the stock purchase agreement dated June 15, '04. As a result, the total price paid by Phoenix for Altama has been reduced by approximately $4.25 million.This reduction was funded by approximately $1.6 million in cash previously due Wyatt held by Phoenix, 196,967 in Phoenix shares held in escrow and the termination of all future obligations under the stock purchase agreement, including a contingent earn-out covenant, and Wyatt's consulting and non-competition agreements which totaled approximately $1.6 million.

Home Depot is the latest retailer to be investigated for allegedly fraudulent chargebacks. A former employee told the SEC his former employee overbilled suppliers for goods that were damaged during shipping. A light bulb company was charged $1,000 a month to cover any damages. As long as damages did not exceed that amount, the vendor signed off on the $1,000. Considering the size of Home Depot and the fragility of light bulbs, that's not a bad deal.