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ISSUE DATE: December 13, 2004 =Subscribers Only

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Full Table of Contents
Cover Story
Special Report
Up Front
The Great Innovators
Editor's Memo
Readers Report
Corrections & Clarifications
Books
Technology & You
Economic Viewpoint



Business Outlook
News: Analysis & Commentary
In Biz This Week
Washington Outlook
Asian Business
European Business
Latin America
International Outlook
The Corporation
Science & Technology
Working Life
Entertainment
Sports Biz
Management
People
Marketing
Information Technology
Media
Finance
Personal Business
Footnotes
The Barker Portfolio
Inside Wall Street
Figures Of The Week
Editorials


INTERNATIONAL EDITIONS
International -- Readers Report
International -- Finance
International -- Editorials
International -- Int'l Figures Of The Week



BW MagazineOnline Highlights from this issue
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Cover Photograph by Yoshiko Kusano/Keystone/AP/Wideworld

For articles in the December 13, 2004 domestic edition previously published

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  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

International Business News %26 Technology Articles
COVER STORY

Carly's Challenge
Hewlett-Packard still needs to prove it can execute its broad strategy. If not, pressure will build to break up this Silicon Valley icon.
COVER IMAGE:  Carly's Challenge
CHART:  The Value Trap
TABLE:  The Problems HP Faces
GRAPHIC:  How To Unlock HP's Value
ONLINE EXTRA:  Can HP Protect Its Printer Kingdom?


SPECIAL REPORT

Online Extra: The Best Products Of 2004 Photo Essay
Some of these gadgets help save time. Others conserve energy. But nearly all are guaranteed to produce fun, which we can all use more of


UP FRONT

Talk Show

The Beast In Cisco's Rearview

Brand It Like Beckham

A Vegas Mogul Cashes In Some Chips

Power Play

Drive Green And Get Some Green

Vivek Paul: At Least He Gets Some Respect

Russian Slots Are Going Ka-Ching!


THE GREAT INNOVATORS

Craig Venter: DNA's Mapmaker


EDITOR'S MEMO

It's Been A Privilege


READERS REPORT

The Financier Of The Hour

A Closer Look At Justice Scalia's Rulings

Don't Forget About The Investors

Keeping The Bankruptcy System Fair

Don't Blame Public Universities For Polishing Their Image

Serendipity In Treating River Blindness

Breaking Through Mexico's Gridlock


CORRECTIONS & CLARIFICATIONS

"The Next Warren Buffett?" (Cover Story, Nov. 22, 2004)

"India's PM Reaches Out To Kashmir" (Global Wrapup, Nov. 29, 2004)


BOOKS

The Pick Of This Year's Crop Of Books


TECHNOLOGY & YOU

Security At The Touch Of A Finger


ECONOMIC VIEWPOINT

Mysteries Of The Gaping Current-Account Gap


BUSINESS OUTLOOK

U.S.: Businesses Are Betting On A Happy New Year

Canada: A Stronger Currency Is Curbing Growth


NEWS: ANALYSIS & COMMENTARY

Playing The Discount Game

A New Headache For The Credit-Card Biz

Wanted: One Tough Economic Team

Commentary: How To Prevent Another Vioxx

Commentary: CalPERS: Getting Back To Business

Just How Cheap is Chinese Labor?

Commentary: Quit While You're Ahead, Hank


IN BIZ THIS WEEK

Jim Jenness: Feeling His Oats

Torrents Of Arabia

Pfizer The Fearless

Raytheon's GOP Dividend

Sony: Burned In DVDs?

Et Cetera...

Closing Bell: Humana


WASHINGTON OUTLOOK

Telecom Taxes: Is A Breakthrough Near?

The SEC Gets Some Static

Still At It In Iraq: "Extreme Auditors"


ASIAN BUSINESS

The Makings Of A Meltdown

Japan's Phones Are The Coolest -- And Have The Skimpiest Profits

Go East, Big Pharma


EUROPEAN BUSINESS

Commentary: Putin's Biggest Blunder

"Fiat Is In Deep, Deep Trouble"

The Year Of The Chinese Tourist


LATIN AMERICA

Pemex May Be Turning From Gusher To Black Hole


INTERNATIONAL OUTLOOK

China: A Workers' State Helping The Workers?

A Management Tiff In Europe's Aviation Biz

Colombia's Tough Policy Will Continue


THE CORPORATION

Drilling With The Big Boys


SCIENCE & TECHNOLOGY

Xerox Is Dreaming In Color


WORKING LIFE

Served In Iraq? Come Work For Us


ENTERTAINMENT

The $600 Million Circus Maximus


SPORTS BIZ

Commentary: How To Keep Duffers On The Fairway


MANAGEMENT

A Compelling Case For Lawyer-CEOs


PEOPLE

On The Firing Line At Embattled Merck


MARKETING

Making Marketing Measure Up


INFORMATION TECHNOLOGY

Juniper Takes A Nip Out Of Cisco


MEDIA

The Business Of Blogging


FINANCE

Their Losses, Your Gains

Where's That Quarterly Report?

Where Others See Trouble...


PERSONAL BUSINESS

The Inside Dope On Drugs

Cholesterol: The Bigger The Better

What Are You Getting Your iPod?


FOOTNOTES

A Toast To British Bubbly

Paying A Premium

Cartier Exhibit


THE BARKER PORTFOLIO

The S&P Shuffle: Make Way For News Corp.


INSIDE WALL STREET

Brighter Smile At Colgate?

Given Imaging: A Camera You Can Swallow

Rich Suitors May Come Courting Curis


FIGURES OF THE WEEK

Figures Of The Week (.pdf)
ONLINE EXTRA:  Production Index Components


EDITORIALS

Social Security: No Flim-Flams

Easing The Dollar Dilemma


INTERNATIONAL -- READERS REPORT

Where's The Sturdy VW Of The Computer Industry?

How To Fix Social Security

Squandering U.S. Capital On Imported Trivialities

Carnival: Steering Clear Of Taxes

The Democrats Should Show Some Sportsmanship

Radio And Broadband: Crossed Signals


INTERNATIONAL -- FINANCE

Bolstering China's Banks


INTERNATIONAL -- EDITORIALS

The Unraveling Of Putin's Power


INTERNATIONAL -- INT'L FIGURES OF