Workshop Returns -- Semi-annual Strategies

All stocks were selected on Friday 12/31/99 and were "purchased" at the closing price on Monday 1/3/2000. Both 5 stock and 10 stock returns are shown. The first return is the average of the first five stocks listed; the second return is for all 10 stocks.

Returns assume an even dollar amount invested in each stock. "Cost basis" is the split-adjusted purchase price. "Now" is the closing price as of the date below. Returns do not account for dividends, transaction costs or taxes.

Year-to-date Returns through July 24, 2000

Semi-annual Reinvest/Rebalance   
5 stock/10 stock  
 74.64  34.15 PEG26  
 41.25   7.14 Keystone 100  
 31.26  35.15 Formula 90            
 27.47  27.97 Relative Strength - 13 Week  
 14.56  32.12 PEG13  
 14.18   9.36 Unemotional Growth  
     0.97     S&P500 Trust (Spider)    
    -0.26     Nasdaq 100 Index Trust   
 -0.33  -1.63 Spark   
 -2.49   2.81 Plowback  
 -3.12  40.80 Relative Strength - IBD  
-13.98  -0.53 Keystone EPS  
-14.93  37.54 Relative Strength - 26 Week  
-16.16  -0.53 Keystone  
     
 31.26  35.15 Formula 90 return YTD Cost Basis 
 -5.47   3.41 Return since rebalance   7/3/00    Now
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 
 39.46  SDLI  SDL Inc.                $294.00  $410.00
  7.23  NEWP  Newport Corp.           $112.44  $120.56
 -3.91  SEBL  Siebel Systems          $164.63  $158.19
-20.78  TECH  Techne Corp.            $148.00  $117.25
-49.33  ADCT  ADC Telecom.             $83.75   $42.44
  2.68  JDSU  JDS Uniphase            $128.19  $131.63
 24.15  NTAP  Network Appliance        $82.81  $102.81
 30.10  ITWO  i2 Technologies         $103.00  $134.00
 10.63  PMCS  PMC-Sierra              $178.13  $197.06
 -6.13  PLXS  Plexus Corp.            $118.25  $111.00
     
-16.16  -0.53 Keystone return YTD  
-12.27  -6.62 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
-49.33  ADCT  ADC Telecom.             $83.75   $42.44
 -6.93  MU    Micron Technology        $90.25   $84.00
 -8.52  GLW   Corning Inc.            $274.38  $251.00
 -3.91  SEBL  Siebel Systems          $164.63  $158.19
  7.35  ENE   Enron Corp.              $68.00   $73.00
  0.82  INTC  Intel Corp.             $136.88  $138.00
 -6.47  ORCL  Oracle Corp.             $80.19   $75.00
  2.68  JDSU  JDS Uniphase            $128.19  $131.63
-13.03  AMAT  Applied Materials        $92.56   $80.50
 11.15  MER   Merrill Lynch & Co.     $115.50  $128.38
  
-13.98  -0.53 Keystone EPS return YTD  
-13.11  -6.62 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
-49.33  ADCT  ADC Telecom.             $83.75   $42.44
 -3.91  SEBL  Siebel Systems          $164.63  $158.19
 -8.52  GLW   Corning Inc.            $274.38  $251.00
  2.68  JDSU  JDS Uniphase            $128.19  $131.63
 -6.47  ORCL  Oracle Corp.             $80.19   $75.00
 -6.93  MU    Micron Technology        $90.25   $84.00
 11.15  MER   Merrill Lynch & Co.     $115.50  $128.38
  7.35  ENE   Enron Corp.              $68.00   $73.00
  0.82  INTC  Intel Corp.             $136.88  $138.00
-13.03  AMAT  Applied Materials        $92.56   $80.50
     
 41.25   7.14 Keystone 100 return YTD  
  1.73  -4.53 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
-21.14  RMBS  Rambus Inc.             $109.69   $86.50
 -8.01  AMD   Advanced Micro Dev.      $84.25   $77.50
 -5.23  CIEN  Ciena Corp.             $171.00  $162.06
  3.57  SFA   Scientific Atlanta       $75.31   $78.00
 39.46  SDLI  SDL Inc.                $294.00  $410.00
 10.63  PMCS  PMC-Sierra              $178.13  $197.06
-49.33  ADCT  ADC Telecom.             $83.75   $42.44
 -6.93  MU    Micron Technology        $90.25   $84.00
 -8.52  GLW   Corning Inc.            $274.38  $251.00
  0.18  ALTR  Altera Corp.            $105.44  $105.63
  
 14.56  32.12 PEG13 return YTD  
 12.36  -3.33 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 
 18.10  CMX   Caremark RX               $7.25    $8.56
 -3.66  AZR   Aztar Corp.              $15.38   $14.81
 10.15  RWY   Rent Way Inc.            $28.94   $31.88
 37.27  DGX   Quest Diagnostics        $74.13  $101.75
 -0.08  CAH   Cardinal Health          $73.81   $73.75
-11.21  NSIT  Insight Enterprises      $58.00   $51.50
-35.52  ADAC  ADAC Labs.               $24.81   $16.00
-11.96  CDWC  CDW Computer Ctrs        $66.38   $58.44
-49.33  ADCT  ADC Telecom.             $83.75   $42.44
 12.92  ALA   Alcatel ADR              $65.81   $74.31
  
 74.64  34.15 PEG26 return YTD  
 14.76  -0.29 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
 -8.06  VSH   Vishay Intertechnology   $39.56   $36.38
  2.11  OCA   Orthodontic Centers      $23.69   $24.19
  5.30  IRF   Int'l Rectifier          $59.00   $62.13
 37.27  DGX   Quest Diagnostics        $74.13  $101.75
 37.17  IMPH  IMPATH Inc.              $54.31   $74.50
-35.52  ADAC  ADAC Labs.               $24.81   $16.00
  4.43  ALO   ALPHARMA Inc.            $60.69   $63.38
-49.33  ADCT  ADC Telecom.             $83.75   $42.44
  0.18  ALTR  Altera Corp.            $105.44  $105.63
  3.57  SFA   Scientific Atlanta       $75.31   $78.00
   
 -2.49   2.81 Plowback return YTD  
  2.57   2.26 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 
 10.63  PMCS  PMC-Sierra              $178.13  $197.06
 -6.47  ORCL  Oracle Corp.             $80.19   $75.00
  0.26  PFE   Pfizer, Inc.             $47.69   $47.81
  6.33  RTRSY Reuters ADR             $108.63  $115.50
  2.09  LLY   Lilly (Eli)              $98.75  $100.81
 -0.56  VRTS  VERITAS Software        $110.81  $110.19
  0.97  Q     Qwest Communic.          $51.75   $52.25
 10.51  MWD   Morgan S. Dean Witter    $85.00   $93.94
-10.29  SGP   Schering-Plough          $50.44   $45.25
  9.12  AMGN  Amgen                    $68.50   $74.75
     
 -3.12  40.80 Relative Strength - IBD return YTD  
  0.17   1.75 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 
 39.46  SDLI  SDL Inc.                $294.00  $410.00
  7.23  NEWP  Newport Corp.           $112.44  $120.56
-21.14  RMBS  Rambus Inc.             $109.69   $86.50
 -3.91  SEBL  Siebel Systems          $164.63  $158.19
-20.78  TECH  Techne Corp.            $148.00  $117.25
  9.00  BEAS  BEA Systems              $48.63   $53.00
-49.33  ADCT  ADC Telecom.             $83.75   $42.44
  2.68  JDSU  JDS Uniphase            $128.19  $131.63
 24.15  NTAP  Network Appliance        $82.81  $102.81
 30.10  ITWO  i2 Technologies         $103.00  $134.00

     
 27.47  27.97 Relative Strength - 13 Week return YTD  
  7.50   0.85 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 
  7.23  NEWP  Newport Corp.           $112.44  $120.56
-20.78  TECH  Techne Corp.            $148.00  $117.25
 37.27  DGX   Quest Diagnostics        $74.13  $101.75
 25.72  LH    Laboratory Corp.         $78.00   $98.06
-11.96  CDWC  CDW Computer Ctrs        $66.38   $58.44
-11.21  NSIT  Insight Enterprises      $58.00   $51.50
  8.09  LMS   Lamson & Sessions        $17.00   $18.38
-49.33  ADCT  ADC Telecom.             $83.75   $42.44
 10.15  RWY   Rent Way Inc.            $28.94   $31.88
 13.27  IVX   IVAX Corp.               $42.38   $48.00
     
-14.93  37.54 Relative Strength - 26 Week return YTD  
 -7.83   3.34 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  7.23  NEWP  Newport Corp.           $112.44  $120.56
-21.14  RMBS  Rambus Inc.             $109.69   $86.50
 -8.01  AMD   Advanced Micro Dev.      $84.25   $77.50
  3.57  SFA   Scientific Atlanta       $75.31   $78.00
-20.78  TECH  Techne Corp.            $148.00  $117.25
 39.46  SDLI  SDL Inc.                $294.00  $410.00
  8.09  LMS   Lamson & Sessions        $17.00   $18.38
  1.03  ROG   Rogers Corp.             $36.25   $36.63
 10.63  PMCS  PMC-Sierra              $178.13  $197.06
 13.27  IVX   IVAX Corp.               $42.38   $48.00
     
 -0.33  -1.63 Spark return YTD  
 -0.90  -7.71 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
 12.06  EMC   EMC Corp.                $77.19   $86.50
 -2.42  ERICY Ericsson ADR             $20.69   $20.19
 -8.33  TXN   Texas Instruments        $69.00   $63.25
 -8.52  GLW   Corning Inc.            $274.38  $251.00
  2.68  JDSU  JDS Uniphase            $128.19  $131.63
  2.08  PHG   Koninklijke Philips NV   $48.19   $49.19
-49.33  ADCT  ADC Telecom.             $83.75   $42.44
 -3.91  SEBL  Siebel Systems          $164.63  $158.19
-11.94  ADI   Analog Devices           $80.06   $70.50
 -9.46  XLNX  Xilinx Inc.              $85.19   $77.13
     
 14.18   9.36 Unemotional Growth return YTD  
 -8.18  -6.76 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
-49.33  ADCT  ADC Telecom.             $83.75   $42.44
  2.68  JDSU  JDS Uniphase            $128.19  $131.63
 24.15  NTAP  Network Appliance        $82.81  $102.81
 -6.47  ORCL  Oracle Corp.             $80.19   $75.00
-11.96  CDWC  CDW Computer Ctrs        $66.38   $58.44
-11.21  NSIT  Insight Enterprises      $58.00   $51.50
 10.34  MCRL  Micrel Inc.              $45.31   $50.00
-16.85  RFMD  RF Micro Devices         $91.70   $76.25
 -2.70  DY    Dycom Inds.              $46.31   $45.06
 -6.29  SFP   Salton, Inc.             $37.75   $35.38  
  0.97  SPY   S&P500 Trust (Spider)   $147.28  $146.84
 -0.26  QQQ   Nasdaq 100 Index Trust   $95.13   $94.50