Como se combate o populismo? "Com eleições", responde Fukuyama

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MCI, Ericsson, Sirius join the QQQs
Eight stocks added, cut from Nasdaq-100 Index
By Steve Gelsi, CBS.MarketWatch.com
Last Update: 6:31 PM ET Dec. 10, 2004


NEW YORK (CBS.MW) -- MCI and Ericsson will return to the Nasdaq-100 Index, and newcomers Sirius Satellite Radio and XM Satellite Radio will join for the first time as a total of eight stocks move in and out of the QQQs as of the market open on Dec. 20, the Nasdaq said Friday.



Autodesk Inc. (ADSK: news, chart, profile), telecom firm NTL Inc. (NTLI: news, chart, profile), Wynn Resorts (WYNN: news, chart, profile) and Liberty Media (LBTYA: news, chart, profile) will be added to the Nasdaq-100 as of the market open on Dec. 20.

XM Satellite Radio Holdings Inc. (XMSR: news, chart, profile) MCI, Inc. (MCIP: news, chart, profile), LM Ericsson Telephone Company (ERICY: news, chart, profile) and Sirius Satellite Radio (SIRI: news, chart, profile) will also join.

John L. Jacobs, chief executive officer of The Nasdaq Stock Market Inc.'s (NDAQ: news, chart, profile) financial products unit, pointed out that the new companies in the QQQs came from a blend of sectors ranging from media to telecom.

"We have satellite radio, media content, plus we have telecom with NTL, Ericsson and MCI, and Autodesk's software, and entertainment and leisure," Jacobs said. "It's not just a tech index. It's a growth index across many sectors."

Composed of the 100 largest nonfinancial stocks on the Nasdaq Stock Market, the QQQ index dates to January 1985 when it was launched along with the Nasdaq Financial-100 Index.

With average daily volume of more than 100 million, the Nasdaq-100 (QQQQ: news, chart, profile) ranks as the most heavily bought and sold exchange-traded fund in the world and the most heavily traded listed security of any type in the U.S.

Since its inception in March 1999, the Trust's total assets have grown to over $23 billion.

The stocks leaving the index in 2004 are:

Cephalon Inc. (CEPH: news, chart, profile)Compuware Corp. (CPWR: news, chart, profile)First Health Group Corp. (FHCC: news, chart, profile)Genex Corp. (GNTX: news, chart, profile)Henry Schein Inc.(HSIC: news, chart, profile) Nvidia Corp. (NVDA: news, chart, profile)Patterson-UTI Energy Inc. (PTEN: news, chart, profile)Ryanair Holdings plc (RYAAY: news, chart, profile)

Kmart added in August

KMart Holding Corporation (KMRT: news, chart, profile) became a component of the Nasdaq-100 Index on Aug. 19 as it replaced PanAmSat Corporation, which was acquired by Kohlberg Kravis Roberts & Co.

Year-ago comparisons

Last year, the Nasdaq cut eight companies and added eight to cap out 2003.

Ericsson, which dropped off the Nasdaq-100 list in 2003, will rejoin it this year.

None of the other 15 additions and subtractions from 2003 made it to the 2004 list.

The 2003 additions were:

Marvell Technology Group Inc.(MRVL: news, chart, profile)Garmin Ltd. (GRMN: news, chart, profile)Career Education Corp.(CECO: news, chart, profile)Lam Research Corp. (LRCX: news, chart, profile)Level 3 Communications, Inc. (LVLT: news, chart, profile)Intersil Corp. (ISIL: news, chart, profile) ATI Technologies Inc. (ATYT: news, chart, profile)Research in Motion Ltd. (RIMM: news, chart, profile)

The 2003 subtractions were:

ADC Telecommunications Inc. (ADCT: news, chart, profile)Brocade Communications (BRCD: news, chart, profile) Ciena Corp. (CIEN: news, chart, profile)LM Ericsson (ERICY: news, chart, profile)Human Genome Sciences Inc. (HGSI: news, chart, profile)ICOS Corp. (ICOS: news, chart, profile)Monster Worldwide Inc. (MNST: news, chart, profile)RF Micro Devices Inc. (RFMD: news, chart, profile).

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NASDAQ Announces the Annual Re-ranking of the NASDAQ-100 Index
12/10/2004 6:30:00 PM


NEW YORK, Dec 10, 2004 /PRNewswire-FirstCall via COMTEX/ -- The Nasdaq Stock Market, Inc. (NASDAQ)(OTC Bulletin Board: NDAQ) announced today the annual re-ranking of the NASDAQ-100 Index(R), effective with the market open on Monday, December 20, 2004.


"The NASDAQ-100 Index is a transparent and objective index whose members are ultimately decided by investors and not by a committee," said John L. Jacobs, chief executive officer of Nasdaq Financial Products Services, Inc. This re-ranking will ensure that one of the world's most widely followed barometers of market activity will continue to be comprised of companies that represent a diverse range of industries."

The following 8 issues will be added to the NASDAQ-100 Index: XM Satellite Radio Holdings Inc. (XMSR), Autodesk, Inc. (ADSK), Liberty Media International, Inc. (LBTYA), NTL Incorporated (NTLI), MCI, Inc. (MCIP), Wynn Resorts, Limited (WYNN), LM Ericsson Telephone Company (ERICY), and Sirius Satellite Radio Inc. (SIRI).

The NASDAQ-100 Index is composed of the 100 largest non-financial stocks on the NASDAQ Stock Market(R) and dates to January 1985 when it was launched along with the NASDAQ Financial-100 Index(R), which is comprised of the 100 largest financial stocks on NASDAQ(R). These indices were originally designed to segment NASDAQ into two major industry groups to support media coverage and to act as benchmarks for financial products such as options, futures, and funds. The NASDAQ-100 is re-ranked each year in December, timed to coincide with the quadruple witch expiration Friday of the quarter.

On a cumulative basis, the NASDAQ-100 Index has risen over 1157% since inception, and it has outperformed several major domestic and international stock indices for the ten-year period ended November 30, 2004, although past performance is not indicative of future performance. For the most recent one and five-year periods ended November 30, 2004, the Index cumulative return was 10% and 47% respectively.

Shares of each company in the Index are included in the NASDAQ-100 Index Tracking Stock(SM) (QQQ(R)) (QQQQ), which is an exchange-traded fund (ETF) that trades like a stock. It is the world's most actively traded ETF. It is also the most actively traded listed equity security in the U.S. QQQ represents ownership in the NASDAQ-100 Trust(SM). The Trust holds a portfolio of equity securities that comprise the NASDAQ-100 Index and aims to provide investment results that, before expenses, generally correspond with the NASDAQ-100 Index performance. Since its inception in March 1999, the Trust's total assets have grown to over $23 billion.

The NASDAQ-100 European Tracker Fund(SM) (EQQQ(SM)) is listed on Borsa Italiana and SWX Swiss Exchange and is designed to closely follow the NASDAQ- 100 Index. EQQQ provides European investors with low cost access to the entire range of companies in the NASDAQ-100 Index in European hours, on European markets. Since its inception in November 2002, the Fund's total assets have grown to over $ 142 million. EQQQ is not available to U.S. investors.

There are also 21 domestic mutual funds and 8 international funds linked to the NASDAQ-100 Index. For more information about the NASDAQ-100 Index, including eligibility criteria, visit http://www.nasdaq-100.com.

As a result of the re-ranking of the NASDAQ-100 Index, the following 8 companies will be removed: Cephalon, Inc. (CEPH), Compuware Corporation (CPWR), First Health Group Corp. (FHCC), Gentex Corporation (GNTX), Henry Schein, Inc. (HSIC), NVIDIA Corporation (NVDA), Patterson-UTI Energy, Inc. (PTEN) and, Ryanair Holdings plc (RYAAY).

NASDAQ is the largest U.S. electronic stock market. With approximately 3,300 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at http://www.nasdaq.com or the NASDAQ Newsroom at http://www.nasdaq.com/newsroom/.

To learn more about the criteria for inclusion to the NASDAQ-100, visit http://dynamic.nasdaq.com/dynamic/nasda ... tivity.stm

Notes to editors:

The Trustee for the NASDAQ-100 Trust is required to adjust the composition of the Trust within three business days of the effective date of a change to the composition of the NASDAQ-100 Index.

The NASDAQ-100 Index Tracking Stock is subject to risks similar to those of stocks, including those regarding short selling and margin account maintenance. An investor cannot invest directly in the Index. Index performance does not reflect the fees and expenses associated with investing in the NASDAQ-100 Index Tracking Stock.

An investor should carefully consider investment objectives, risks charges and expenses before investing. For this and more complete information about NASDAQ-100 Index Tracking Stock(SM), a unit investment trust, obtain a prospectus from your broker, or call (888) 627-3837 or visit our Web site at http://www.nasdaq-100.com. Read it carefully before you invest.

While there is no assurance that the performance of the NASDAQ-100 Index can be fully matched, the NASDAQ-100 Index Tracking Stock is designed to provide investment results that generally correspond to the performance of the NASDAQ-100 Index before fees, expenses, and taxes. Past performance is not indicative of future performance.

ALPS Distributors, Inc., a registered broker-dealer, is distributor for the Trust.

The sponsor of the NASDAQ-100 Trust, a unit investment trust, is NASDAQ Financial Products Services, Inc. ("NFPS"), a wholly owned subsidiary of The Nasdaq Stock Market, Inc. ("NASDAQ," and collectively with its affiliates except NFPS, the "Corporations"). Investment returns and principal value will fluctuate so that an investor's shares, when redeemed or sold, may be worth more or less than the original cost.

"NASDAQ" and related marks are trademarks or service marks of NASDAQ and have been licensed for use for certain purposes by NFPS. The NASDAQ-100 Index is comprised and calculated by NASDAQ without regard to the NASDAQ-100 Index Tracking Stock. The Corporations make no warranty, express or implied, and bear no liability with respect to NASDAQ-100 Index Tracking Stock. The Corporations and NFPS make no warranty, express or implied, and bear no liability with respect to the NASDAQ-100 Index, its use or any data included therein. The Corporations do not guarantee the accuracy or the completeness of the Index, or any data used to calculate the index, or determine the index components.

Company briefs:

The following are brief descriptions (source: Bloomberg) of the 8 companies added to the NASDAQ-100 Index in descending order based on market capitalization as calculated in the NASDAQ-100 Index annual re-ranking review. Securities listed on the NASDAQ Stock Market that meet the eligibility criteria were ranked by market capitalization using closing prices as of the end of October and publicly available total shares outstanding as of the end of November.

XM Satellite Radio Holdings Inc. provides audio entertainment, information programming, and data services. The Company transmits its XM Radio service from its satellites to vehicle, home, and portable radios. XM Satellite Radio offers, as well as develops, more than 130 channels of news, talk, sports, traffic, weather, children's programming, and commercial-free music. The Washington, DC, company had a market capitalization of $6.6 billion at the time of ranking.

Autodesk, Inc. provides software and services to six million users in the building, manufacturing, infrastructure, digital media, and wireless data services fields that help customers create, manage, and share their data and digital assets more effectively. The San Rafael, California, company had a market capitalization of $6.1 billion at the time of ranking.

Liberty Media International, Inc. is a holding company that owns interests in broadband distribution and content companies principally in Europe, Asia, and Latin America. The Englewood, Colorado, company had a market capitalization of $6.1 billion at the time of ranking.

NTL Incorporated provides communications services to residential, business, and wholesale customers. The Company offers residential telephony, cable television, and Internet access services. NTL also provides national and international carrier telecommunications, satellite, and radio communications, as well as digital and analog television and radio broadcast transmission services. The New York, New York, company had a market capitalization of $5.8 billion at the time of ranking.

MCI Inc. provides business and residential communications services. The Company owns and operates network facilities throughout North America, Latin America, Europe, Africa, and the Asia-Pacific region. The Ashburn, Virginia, company had a market capitalization of $5.5 billion at the time of ranking.

Wynn Resorts, Limited is constructing and will own and operate Le Reve, a luxury hotel and destination casino resort in Las Vegas, Nevada. The Company is seeking to attract a range of customers, including middle market customers and high roller and premium gaming patrons. The Las Vegas, Nevada, company had a market capitalization of $5.3 billion at the time of ranking.

LM Ericsson Telephone Company is an end-to-end provider of mobile and fixed-line telecommunications equipment and services to operators worldwide. The company provides equipment in each of the major technology standards, as well as solutions for enterprise, mobile platforms, microwave, radar systems, cables and modems. The company also develops and manufactures mobile phones through its Sony Ericsson Mobile Communications joint venture. The Stockholm, Sweden, company had a market capitalization of $5 billion at the time of ranking.

Sirius Satellite Radio Inc., from its orbiting satellites, directly broadcasts more than 120 channels of music, news, entertainment and sports in digital-quality audio. The Company provides its services throughout the continental United States for a monthly subscription fee. The Company provides 65 commercial-free music channels in every genre, as well as 55 channels of news, traffic, weather, original talk programming and sports. The New York, New York, company had a market capitalization of $4.9 billion at the time of ranking.

SOURCE NASDAQ

Media Contact: Wayne Lee, +1-301-978-4875, Issuer & Investor
Contact: Lisa Chaney, +1-301-978-8281, both of NASDAQ


http://www.nasdaqnews.com

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Oracle, CKE Restaurants, Fuelcell Energy

By CBS MarketWatch
Last Update: 2:25 PM ET Dec. 11, 2004

Big pieces of the year-end earnings picture will arrive in the next week.

Oracle Corp. (ORCL: news, chart, profile), the enterprise software giant, reports Monday, moving up a fiscal second-quarter delivery that had been scheduled for Thursday. On Tuesday, Pier 1 Imports (PIR: news, chart, profile) unpacks. Wednesday's headliners are Best Buy (BBY: news, chart, profile) and Lehman Brothers (LEH: news, chart, profile). Thursday features Goldman Sachs (GS: news, chart, profile), Nike (NKE: news, chart, profile), FedEx (FDX: news, chart, profile) and Rite Aid (RAD: news, chart, profile). Circuit City (CC: news, chart, profile) is on Friday's calendar.

A Nasdaq rebalancing of the Nasdaq-100 Index (QQQ: news, chart, profile) will add eight stocks and drop eight stocks as of Dec. 200. The additions are: Autodesk Inc. (ADSK: news, chart, profile), telecom firm NTL Inc. (NTLI: news, chart, profile), Wynn Resorts (WYNN: news, chart, profile) and Liberty Media (LBTYA: news, chart, profile), XM Satellite Radio Holdings Inc. (XMSR: news, chart, profile) MCI, Inc. (MCIP: news, chart, profile), LM Ericsson Telephone Company (ERICY: news, chart, profile) and Sirius Satellite Radio (SIRI: news, chart, profile). Leaving the QQQ are Cephalon Inc. (CEPH: news, chart, profile), Compuware Corp. (CPWR: news, chart, profile), First Health Group Corp. (FHCC: news, chart, profile), Genex Corp. (GNTX: news, chart, profile), Henry Schein Inc.(HSIC: news, chart, profile), Nvidia Corp. (NVDA: news, chart, profile), Patterson-UTI Energy Inc. (PTEN: news, chart, profile) and Ryanair Holdings plc (RYAAY: news, chart, profile)

Amgen Inc.(AMGN: news, chart, profile), the largest biotechnology drug developer, said late Friday that a Phase III study shows benefits to breast cancer patients treated with its Neulasta during chemotherapy.

Apex Silver Mines (SIL: news, chart, profile), which operates a large mine in Bolivia, said late Friday that purchasers of 4 percent convertible notes exercised an option to buy $40 million more of the notes. Total proceeds raised from the offering were $135.1 million, the company said.

Autobytel Inc.(ABTLE: news, chart, profile), which provides Internet automotive marketing services, said late Friday that its previous fiscal 2004 per-share forecast of 25 cents "should no longer be relied upon," citing higher costs. The Irvine, Calif.-based company reaffirmed its 2004 sales forecast of $120 million and $125 million. Autobytel also said it now expects fiscal 2005 earnings to be substantially lower than previously forecast, but reaffirmed its revenue outlook for the period.

Cingular Wireless, the largest wireless phone company jointly owned by BellSouth (BLS: news, chart, profile) and SBC Communications (SBC: news, chart, profile), said Saturday it is selling its 33 percent stake in India's Idea Cellular for about $200 million to Singapore Technologies Telemedia and TM International of Malaysia. See full story.

Bristol-Myers Squibb (BMY: news, chart, profile), the large pharmaceutical company, said late Friday that it intends to pursue approval from the U.S. Food and Drug Administration for an over-the-counter version of its cholesterol-lowering treatment, Pravachol, which is now a prescription drug. See full story.

C&D Technologies (CHP: news, chart, profile), which makes power systems, reported a third-quarter net loss late Friday of $7.4 million, or 29 cents a share. A year earlier, it earned $4.2 million, or 16 cents a share. Excluding a one-time asset impairment charge of 32 cents a share and a one-time non-cash charge of 2 cents a share, the company said it earned 5 cents a share. Revenue for the quarter rose 33 percent to $112.7 million from $84.9 million. Analysts polled by Thomson First Call had estimated third-quarter earnings of 5 cents a share and revenue of $112 million.

CKE Restaurants (CKR: news, chart, profile), which operates fast-food chains, is seen posting a third-quarter profit of 17 cents a share on Monday.

Cooper Companies Inc. (COO: news, chart, profile), a specialty medical products manufacturer, is expected to report fourth-quarter earnings of 72 cents a share on Monday.

DaimlerChrysler (DCX: news, chart, profile) said late Friday that it will recall 600,000 sports utility vehicles and trucks to investigate front suspensions for a problem that could lead to wheels falling off in extreme cases. See full story.

Dendreon (DNDN: news, chart, profile), AstraZeneca (AZN: news, chart, profile) and Amgen (AMGN: news, chart, profile) were among the drug developers to present results Saturday at a breast cancer symposium. See full story.

FirstEnergy (FE: news, chart, profile), an Ohio-based utility holding company, said late Friday that its Davis Besse nuclear power plant is the focus of a federal probe on possible lying to regulators. The power plant was shut down for about two years after corrosion was found in a safety shield. The Nuclear Regulatory Commission says FirstEnergy provided inaccurate information about the incident.

FuelCell Energy Inc. (FCEL: news, chart, profile), which develops electrochemical technologies, is seen reporting a fourth-quarter loss of 44 cents a share on Monday.

Hirsch International Corp.(HRSH: news, chart, profile), which makes sewing equipment, said late Friday that it swung to a third-quarter profit of $508,000, or 6 cents a share. Last year, Hirsch reported a loss of $78,000, or a penny a share. Sales for the quarter were flat at $11.9 million. General and overall operating expenses for the Hauppauge, N.Y.-based company fell 13.6 percent to $3.8 million.

Honeywell International (HON: news, chart, profile), the manufacturer that's a member of the Dow Jones Industrial Average, said late Friday after the bell that it has increased its annual dividend 10 percent to 82.5 cents a share from 75 cents a share, starting in the first quarter of 2005. The dividend is payable on March 10 to shareholders of record as of Feb. 18. See full story.

Hyperion Solutions (HYSL: news, chart, profile), which makes business software, said late Friday that it has filed a patent infringement lawsuit in a Texas federal court against OutlookSoft Corp.

Interstate Bakeries (IBCIQ: news, chart, profile), the bankrupt maker of snack desserts such as Twinkies, said late Friday that it filed details of some preliminary fiscal 2004 details and some fiscal 2005 details. Citing auditing snags, the company said it is uncertain when it will file its 2004 10-K. See full story.

JP Morgan (JPM: news, chart, profile), the investment bank that bought Bank One earlier this year, could see its shares 40 percent higher in 2006, says Barron's. Wall Street has been chilly about results so far from the acquisition, but Barron's says the biggest benefits are expected to kick in after another year of squeezing out costs.

Lennox International (LII: news, chart, profile), the maker of heating and cooling equipment, said late Friday that it has increased its quarterly dividend 11 percent to 10 cents a share. The dividend is payable on Jan. 10 to shareholders of record on Dec. 27.

Lyondell Chemical (LYO: news, chart, profile), a chemical manufacturer, said late Friday that its board approved converting its Series B stock to common stock on Dec. 31. The shares won't be registered at the time of the conversion. Lyondell said the Series B shares were solely held by Occidental Petroleum(OXY: news, chart, profile) through a subsidiary. Dividends on the converted shares will be paid in cash and the conversion doesn't change the total number of outstanding shares, which is about 242 million.

Mercury Air Group (MAX: news, chart, profile), which distributes aviation oil products, said late Friday that it named Kent Rosenthal as chief financial officer. He replaces Robert Schlax.

ML Macadamia Orchards (NUT: news, chart, profile), which grows and sells Mauna Loa brand nuts, said late Friday that its board named COO Dennis Simonis as chief executive officer, effective immediately. The company said Simonis replaces John Buyers, who had been CEO since 1986.

National Semiconductor (NSM: news, chart, profile) presented results that looked lackluster yet were hailed by the market, according to Alan Abelson in his Barron's column. National Semi disclosed details showing it improved profits by a penny a share and that its sales and bookings were down. Yet the results cheered investors, Abelson marvels. He cited similar news, quoting newsletter editor Fred Hickey, about Intel (INTC: news, chart, profile) and IBM (IBM: news, chart, profile). Intel's recent midquarter update had an outlook below what was presented 90 days earlier, Hickey said, but because it cut estimates in the interim the new numbers were looked upon more favorably. In a similar frame, Hickey said IBM's sale of its PC division signals another hardware area where it can't compete.

Neurochem Inc. (NRMX: news, chart, profile), a biotech drug developer, said late Friday that it named Mariano Rodriquez as chief financial officer and vice president of finance, effective immediately. Rodriquez is replacing Claude Michaud, who is leaving to pursue other interests.

Pentair Inc.(PNR: news, chart, profile), a pump manufacturer, said late Friday that it raised its quarterly cash dividend 18 percent to 13 cents a share from 11 cents a share. The dividend is payable Feb. 11 to shareholders of record on Jan. 28. In addition, Pentair said its board has adopted a new anti-takeover plan that includes the declaration of a dividend of one preferred share purchase right on each outstanding share of its common stock.

Peoples Community Bancorp (PCBI: news, chart, profile), an Ohio-based bank holding company, reported late Friday that its fourth-quarter earnings fell 38 percent to $620,000, or 16 cents a share, from $996,000, or 39 cents a share, a year earlier. The West Chester, Ohio-based company cited increased expenses as one of the reasons for its drop in earnings.

Phoenix Life Insurance Co., a division of The Phoenix Companies (PNX: news, chart, profile), said late Friday that about $145 million of its 6.95 percent notes due Dec. 1, 2006, were tendered and it will pay about $155 million to redeem them.

Pinnacle Entertainment (PNK: news, chart, profile), a casino operator, said late Friday that it signed an agreement that would lead to operation of a 5,000 square foot casino in the Bahamas. Pinnacle said it will invest about $5 million in the project, subject to obtaining regulatory approval.

Playtex Products (PYX: news, chart, profile), a consumer products maker, said late Friday that it has named Kris Kelley, its senior vice president of finance, as chief financial officer. The move follows its previously announced expectations that Kelley would be named CFO when Glenn Forbes stepped down in retirement. Forbes has also resigned as a director.

Portal Software (PRSF: news, chart, profile), a provider of billing and subscriber management software, is expected to post a third-quarter loss of 38 cents a share on Monday.

Tenet Healthcare Corp.(THC: news, chart, profile), a hospital operator, said late Friday that one of its subsidiaries agreed to sell St. Charles General Hospital in New Orleans. Terms were not disclosed. The company expects net after-tax proceeds to be about $11 million.

Vornado Realty Trust (VNO: news, chart, profile), Maguire Properties (MPG: news, chart, profile), SL Green Realty Trust (SLG: news, chart, profile) and Mack-Cali (CLI: news, chart, profile) rate highest among real estate investment trusts, according to a Barron's analysis. The companies are praised for their management and property holdings in strong office markets.

Wal-Mart Stores (WMT: news, chart, profile), the world's biggest retailer, is luring bargain stock buyers, says Barron's. The company's price-to-earnings multiple is down to 22, below a longtime 30, says Barron's. The qualms surfaced after post-Thanksgiving numbers indicated weak holiday sales. That trend has apparently continued in the latest week, according to the company's weekly sales update. See the latest results.

World Fuel Services (INT: news, chart, profile), a distributor of fuel to airlines and ships, earns high praise from Barron's for "a solid balance sheet, shrewd management" and a profitable niche. The company effectively hedges on fuel prices by selling petroleum before shipping it. Its biggest risk is $36 per share of receivables, though Barron's says the days sales outstanding have consistently dropped, signaling improving collection.

ZymoGenetics Inc. (ZGEN: news, chart, profile), which makes protein-based drugs, said late Friday that it will record receipts of about $96 million from its alliance with Serono and license of rFactor XIII to Novo Nordisk (NVO: news, chart, profile). ZymoGenetics also expects to end the year with $320 million to $330 million in cash and investments.