BusinessWeek Online: BW Magazine

ISSUE DATE: July 1, 2002

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U.S. EDITION
Full Table of Contents
Cover Story
Special Report -- Scandals in Corporate America
Up Front
Readers Report
Corrections & Clarifications
Letter From New York
Books
Technology & You
Economic Viewpoint
Economic Trends

Business Outlook
In Business This Week
Washington Outlook
International Business
International Outlook
Management
The Corporation
Sports Business
Developments to Watch
Science & Technology

People
Economics
Media
Information Technology
The Barker Portfolio
Inside Wall Street
Figures of the Week
Editorials

INTERNATIONAL EDITIONS
International -- Asian Cover Story
International -- European Cover Story
International -- Readers Report
International -- European Business
International -- Finance
International -- Int'l Figures of the Week
International -- Editorials

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COVER STORY 2002 Midyear Investment Guide: Picking Stocks With the indexes down, stock selection is the key to making money INTERNATIONAL -- ASIAN COVER STORY How the Crisis Changed Asia and How It Didn't The cronies who once exploited political connections to monopolize business contracts are fighting simply to survive INTERNATIONAL -- EUROPEAN COVER STORY Nokia's Next Act Can the Finnish giant stay on top in an age of commodity phones and stalling sales? SPECIAL REPORT -- SCANDALS IN CORPORATE AMERICA Why Corporate Crooks Are Tough to Nail The Price of Victory over Andersen Commentary: The Lingering Lessons of Andersen's Fall The Tax Games Tyco Played Commentary: The SEC Can't Guard the House Alone Sorting Out the Martha Mess Qwest "Can't Be All Things to Everybody" Commentary: Investor Power Has Its Downside, Too UP FRONT Talk Show Meet Ya in Podunk, Shareholder Sprint's Sprightly Marketing Push Campari and CD? Bored to Death at Work--Literally From Axman to Missionary Want 3G? Move to the Sticks READERS REPORT Tax-Law Changes and the Ballooning U.S. Deficit Can Korea Keep Its Cool Status? Foreign Workers Deserve a Living Wage HDTV Is Here Today (Sort of) She's Loyal to Louis Rukeyser CORRECTIONS & CLARIFICATIONS "Restoring Trust in Corporate America" (Cover Story, June 24, 2002) "Merrill: Is Stan the man?" (Finance, June 17, 2002) "Covering your behind at Tyco" (Up Front, June 24, 2002) LETTER FROM NEW YORK How Green Should the Hudson Valley Be? BOOKS Beach Reads That Aren't Lightweights TECHNOLOGY & YOU IBM Just Clunked Up My Favorite Laptop ECONOMIC VIEWPOINT Happy Birthday, Milton Friedman ECONOMIC TRENDS This Recession Wasn't So Mild Getting Rid of Corporate Debt A New Look at Exchange Rates BUSINESS OUTLOOK U.S.: The Economy Is Stable--Even If the Market Isn't Spain: Inflation and Labor Unrest May Spoil Recovery IN BUSINESS THIS WEEK Peter Dolan: Bitter Pills at Bristol A Plan to Backstop Terror Insurance Tackling Corporate Reform Nestlé Wants to Scoop Up Dreyer's PCs Aren't Selling, So Chips Are Down No One Is Fighting over XO Communications Now Et Cetera... iMac Flak WASHINGTON OUTLOOK The Odd-Couple Coalition Complicating Bush's Mideast Policy All Joe, All the Time INTERNATIONAL BUSINESS Does OPEC Have Sand in Its Eyes? Commentary: Printing Yen Is Not the Answer INTERNATIONAL OUTLOOK Brazil: The Leftist Who's Spooking the Markets Tough Fight in South Korea MANAGEMENT Q&A: Messier on the Record: Settling into the Hot Seat THE CORPORATION General Malaise at General Mills ONLINE EXTRA: Q&A with General Mills's Chief Cook SPORTS BUSINESS Basketball: Red Star over Houston? DEVELOPMENTS TO WATCH A Key Clue That Might Put the Brakes on HIV Smart Sniffers for Chemical Weapons Faster Blood-Clotting via Volcanic Rock Innovations SCIENCE & TECHNOLOGY A Genome Project against Disease PEOPLE Cloning: Huckster or Hero? ECONOMICS Commentary: Consumers Shopped. Will They Drop? MEDIA Small-Town Papers, Big-Time Profits INFORMATION TECHNOLOGY Why Juniper Must Branch Out THE BARKER PORTFOLIO A New Fund Rides the Big Mo' INSIDE WALL STREET Movado: Time-Tested Will Gold Bugs Buzz Again Soon? Toy Story: Too Cheap to Ignore FIGURES OF THE WEEK Figures of the Week (.pdf) EDITORIALS A Hollow Victory against Andersen In Praise of Boring Stocks INTERNATIONAL -- READERS REPORT The Making of a Terrorist Berlin: Gateway to Eastern Europe Japanese Students: Academic Rigor First, Relaxation Second The U.S. Farm Bill's Collateral Damage INTERNATIONAL -- EUROPEAN BUSINESS MobilCom's Schmid: Twilight of a Titan Commentary: Suddenly, Reform Has a Fighting Chance in Europe INTERNATIONAL -- FINANCE Q&A: This Risk-Taker Is Ready to Roll the Dice INTERNATIONAL -- INT'L FIGURES OF THE WEEK International Figures of the Week (.pdf) INTERNATIONAL -- EDITORIALS What Southeast Asia Needs Now		Online Highlights from this issue Magazine Forums Cover design by Daniel Pelavin Asian Cover by Renee Lynn/Photo Researchers Inc. European Cover by Henna Aaltonen RECENT ISSUES • Restoring Trust in Corporate America • Ballmer's Microsoft • Search Previous Issues • Subscribe to BW Magazine Messier Speaks The embattled CEO of Vivendi Universal talks with BW's Steve Shepard about the digital-media dilemma, the company's financial health, and rumors of his ouster Arena Football Former quarterback John Elway talks about bringing the indoor game to Denver. But this time he's on the sidelines, as team owner Spirit Communications Peter Cressy of the Distilled Spirits Council on the effort to get wine and hard alcohol ads on network TV Biotech Bargains? Sectoral Asset Management's Michael Sjostrom thinks some stocks in this beaten-down group look attractive now, including Gilead Sciences and InterMune Time to Hit the Net? Fund manager Ryan Jacob is still cautious, but he's optimistic for a rebound in some Web plays SPECIAL REPORTS The IT 100 Emerging-market cellular players, wireless phone and gear makers, and Web giants are this year's stars Math's New Era More math geeks are calling the shots in business. Is your industry next? Tech Trends 2006 The war for the digital home, social networks, Vista, game consoles, tech hiring, and more Dream Machines Auto makers are innovating at full speed -- and giving buyers the power to shape their vehicles 2006 Investment Outlook Prospects are basically positive: Growth is brisk and corporate profits are climbing Battling Global Warming How top companies are reducing emissions of CO2 and other greenhouse gases What's Hot at CES What's on tap at the big Consumer Electronics Show? A slew of new flat-panel sets and falling prices Tech Buying Guide Products for the digital home: HDTV, Wi-Fi cameras, iPod-run home audio and more Next for Apple... How can Jobs & Co. keep its lead? Here are some possibilities Best of the Web No longer for idle wanderings or passive viewing, the Web is about socializing, sharing -- and creating Open Source: The Next Generation Now it's an ecosystem -- and VCs are eager to help Global Brands The companies that best built their images -- and made them stick Europe's Hot Growth Companies High taxes, rigid rules, and elusive capital aren't stopping these powerhouses China and India The balance of power will shift to the East as China and India evolve Stars of Europe 25 leaders at the forefront of change Stars of Asia The 2005 lineup reflects the growing importance of China and India EMBA Rankings Northwestern's Kellogg School solidified its hold on the No. 1 spot Head of the Class Ranking B-school executive education Winners The best product designs of 2005 from the Industrial Design Excellence Awards Hot Growth Talent, teamwork, and creativity powered this year's list of the 100 best small companies The BW50 Our 2005 picks for the top performers among the S&P 500 • More Special Reports