san_jose_mercury_news_20110410_E02_E03_E04 by BayAreaNewsGroup

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									E2    BAY AREA NEWS GROUP            111                                                                                                                                                                                                      SUNDAY, APRIL 10, 2011




 On the Move                                                          Sunday Download
               Neil Cherry                       Michael           INSIDER TRADING
             Bain & Co.                          Maia
                                                Kionix

                                                                   The valley’s top traders
             The global
             business con-                      The global
             sulting firm                       supplier of
             named Neil                         MEMS ac-
             Cherry man-                        celerometers
             aging partner.                     named Mi-          This Silicon Valley insider had the largest net gains from
He’s held positions with the
company since 1990.
                                  chael Maia vice president
                                  Americas sales and mar-
                                                                   stock trades in transactions listed below. In some cases, the                                                                                               $3,901,740
                                                                   number of shares acquired and sold are unequal during the
                                  keting and will work from                                                                                                                                                                            Steven Berglund
                                  the Campbell office. He is a     reporting period. Therefore, the “net gain” reported in the                                                                                                   CEO, Trimble Navigation
                                  co-founder of PortalPlayer.      period may not represent the true net gain on the shares sold.
               Moy Eng
              Community                                                                                                                                          NUMBER                           PRICE            TOTAL
              School of                          Amy Gug-          COMPANY/                                                                                          OF                             PER           TRANS-              NET                          TOTAL
              Music and                          genheim           INSIDER                                        TITLE ACTION                                   SHARES                          SHARE            ACTION             GAIN             DATE      HOLDINGS
              Arts                               Shenkan           Lam Research
              The Mountain                        Common           Robert M Berdahl                               D            option exercise                         15,000       29.06                          435,900                             2/11
              View regional                       Sense Media                                                     D            sale                                    32,948 53.63-53.78                         1,769,251      1,333,351             2/11              7,950
              center for                                           Linear Technology
                                                  The San          David A Quarles                                O            option exercise                         10,000                     22.74            227,400                              2/8
arts education appointed                          Francisco
Moy Eng executive director.                                                                                                    sale                                    10,000                     35.31            353,143         125,743              2/8             31,383
                                                  provider of      Logic Devices
She is former program             information, education
director of performing arts                                        Howard L Farkas                                D            purchase                                64,935                      0.77            50,000                               2/7            393,193
                                  and independent voice for        Micrel
at the William and Flora          the media and technology
Hewlett Foundation.                                                Andrew Cowell                                  O            option exercise                        25,000         8.45                           211,250                       2/10-2/11
                                  industry appointed Amy                                                                       sale                                   25,000        13.51                           337,695        126,445        2/10-2/11               1,512
                                  Guggenheim Shenkan               David C Schie                                  O            option exercise                       120,000       12.46                         1,495,200                        2/10-2/11
               David              president and chief operat-                                                                  sale                                  120,000 13.50-13.53                          1,621,650        126,450        2/10-2/11            100,000
               Gazek              ing officer. Previously,         James Guy Gandenberger O                                    option exercise                        53,800 11.43-12.05                           623,490                        2/9-2/10
               AECOM              she served as senior vice                                                                    sale                                   62,588 13.25-13.52                            834,037        210,547        2/9-2/10             245,515
                                  president at Previewtravel.      Netflix
               The San Fran-      com.                             Reed Hastings                                  CEO          option exercise                         10,000          1.5                          15,000                        2/3-2/10
               cisco provider                                                                                     CEO          sale                                    10,000211.05-220.97                       2,160,100       2,145,100        2/3-2/10            1,267,130
               of planning,                                        Netlogic Microsystems
               design and                        Dave              Behrooz L Abdi                                 O            sale                                   26,191      38.98                          1,021,025                             2/8             224,041
               development                       Singhal           Dimitrios Dimitrelis                           O            option exercise                         1,000       11.97                              11,970                           2/8
for real estate strategy                        MIPS                                                                           sale                                    1,000        39.7                             39,700         27,730             2/8              69,300
named David Gazek as a                          Technologies       Ibrahim Korgav                                 O            option exercise                       25,000 11.70-11.97                            293,901                        2/9-2/10
principal. Previously, he                                                                                                      sale                                  25,000       40.05                          1,001,253         707,352        2/9-2/10              54,002
was senior vice president                       The Sunny-         Marcia Jean Zander                             O            option exercise                        34,791 6.33-16.86                            431,455                             2/8
at Federal Development                          vale designer                                                                  sale                                   34,791      39.68                         1,380,549         949,094              2/8              95,258
and AIMCO.                                      of micro-          Michael Truett Tate                            CFO          option exercise                       27,500       16.96                            466,263                             2/8
                                                processors                                                                     sale                                  27,500       38.95                          1,071,078        604,815              2/8             119,993
                                  appointed Dave Singhal           Mozafar Maghsoudnia                            O            option exercise                        5,000        17.55                             87,750                            2/8
               Jim Kelly          vice president of corporate                                                                  sale                                   5,000       39.64                             198,219        110,469             2/8               73,470
                 Joint Venture:   development and strategy.        Norman Godinho                                 D            sale                                 100,000 38.92-40.07                          3,947,877                        2/8-2/10            2,763,310
                 Silicon Valley   He is a former director in       O’Reilly Christopher                           O            sale                                  20,000       39.67                            793,352                             2/8               66,394
                 Network          the corporate development        Ronald Steven Jankov                           CEO          sale                                  75,000 39.34-39.50                         2,954,580                              2/8             508,480
                                  and strategy organization        Nvidia
                 The San Jose     at Cisco Systems.                David M Shannon                                GC           option exercise                         15,000                       8.47           127,050                              2/8
                 firm that                                                                                        GC           sale                                    15,000                      24.17          362,550         235,500               2/8            154,548
                 monitors the                                      Oplink Communications
                 economy and                     Bruce             Stephen M Welles       GC                                   option exercise                           31,471       10.09                        317,542                              2/8
quality of life in the South                     Wallace                                  GC                                   sale                                      31,471 25.84-25.91                        815,400         497,858              2/8              3,333
Bay named Jim Kelly to its                       SVB Financial     Plantronics
board of directors. He is                        Group             Barbara Vaughn Scherer CFO                                  sale                                        625        35.3                          22,063                             2/11             56,316
president at Menlo College.                                        Marvin Tseu            D                                    option exercise                           3,000       27.02                          81,060                             2/9
                                                 The Santa
                                                                                                                               sale                                      3,000 35.40-35.42                         106,200          25,140             2/9              12,000
                                                 Clara parent
                                                                   Renee Niemi                                    O            sale                                        532        35.3                           18,780                            2/11             35,386
               Chee Kwan                         company of
                                                                   Power Integrations
              BroadLight                         Silicon Valley    Balu Balakrishnan                              CEO          option exercise                        46,000 14.82-18.95                           732,903                          2/4-2/7
                                  Bank appointed Bruce
              The Santa           Wallace chief operations of-
                                                                                                                               sale                                   46,000 40.34-42.86                         1,950,587        1,217,684         2/4-2/7             277,186
              Clara sup-                                           Clifford J Walker                              O            sale                                     3,281       41.2                            135,177                            2/10              18,811
                                  ficer. Previously, he headed     Derek J Bell                                   O            option exercise                        10,000       18.95                           189,500                          2/4-2/7
              plier of            the bank’s global services
              fiber access                                                                                                     sale                                   10,000 40.34-42.91                           423,920        234,420           2/4-2/7              17,798
                                  division.                        SanDisk
              processors
              appointed                                            James Donald Meindl                            D            sale                                   20,000                   50.37             1,007,400                             2/11             34,247
Chee Kwan vice president                                           James F Brelsford                              O            option exercise                         3,438               8.16-14.57                34,067                            2/10
                                                 Richard                                                                       sale                                    3,438                   50.47                173,524        139,457             2/10
worldwide marketing.                             Wallace           Judy Bruner                                    CFO          option exercise                        50,000                    20.12           1,006,000                              2/10
Recently, he served as CEO                        Silicon Valley                                                               sale                                   50,000                   50.24             2,511,920       1,505,920             2/10             25,464
at Siimpel.                                       Leadership       Sanjay Mehrotra                                CEO          option exercise                        20,000                     5.41              108,200                              2/9
                                                  Group                                                                        sale                                   20,000                   50.03            1,000,502         892,302               2/9              25,172
                                                  The San Jose     Tibco Software
                                                  nonprofit        Thomas J Laffey                                O            sale                                   20,000        24.59                         491,898                              2/9              147,076
                                                  organization     Troy O Mitchell                                O            option exercise                         13,438    6.94-7.83                         99,378                         2/4-2/10
                                  that represents employers                                                                    sale                                    13,648 24.40-25.27                         338,964         239,586         2/4-2/10              27,820
                                  on issues, programs and          Trimble Navigation
                                  campaigns that affect the        Bradford W Parkinson                           D            option exercise                       38,333 19.62-22.54                           798,993                               2/8
                                                                                                                               sale                                   45,877 46.92-47.29                         2,161,130       1,362,137              2/8             51,397
                                  economic health and qual-
                                                                   Dennis L Workman                               O            option exercise                       60,000        14.53                           871,800                              2/8
                                  ity of life appointed Richard                                                                sale                                  60,000        47.04                        2,822,538        1,950,738              2/8             15,352
                                  Wallace to its board of          Rajat Bahri                                    CFO          sale                                 200,000 47.75-48.13                         9,562,040                         2/11-2/14            365,344
                                  directors. He is president       Steeg Nickolas W Vande                         D            option exercise                       60,000 8.50-11.50                            554,925                              2/10
                                  and CEO at KLA-Tencor.                                                                       sale                                  79,050          47.5                        3,754,875       3,199,950             2/10              1,850
                                                                   Steven Berglund                                CEO          option exercise                      100,000           8.5                         850,000                              2/10
                                                                                                                               sale                                 100,000        47.52                         4,751,740       3,901,740             2/10            116,530
                                                                   Ulf J Johansson                                D            option exercise                       15,000           5.6                           84,000                              2/8
 Making a move?                                                                                                                sale                                  15,000         47.17                          707,550        623,550               2/8             111,389
                                                                   Ultra Clean Holdings
 The Mercury News reports promotions of executives                 Austin W Marxe et al   B                                    sale                                     59,167 13.00-13.06                         772,580                              2/7       3,049,000
 at the vice president level or higher. Send notices to            Varian Medical Systems
 svpeople@mercurynews.com. With each announce-                     Elisha W Finney        CFO                                  option exercise                         10,000        32.1                         320,950                              2/7
 ment, we require a photograph in JPEG format. Please                                                                          sale                                    10,000         67.7                         677,047        356,097              2/7              70,563
 upload the image, which should be a head shot about               Robert H Kluge                                 O            option exercise                         69,875 49.88-50.66                        3,532,165                         2/7-2/8
                                                                                                                               sale                                    69,875 67.70-68.00                        4,736,682       1,204,517         2/7-2/8              44,618
 1 megabyte in size, to http://mediafm.mercurynews.
 com. If this is your first time uploading the images,
 you’ll need to contact the Mercury News at 408-920-
 5088 to obtain a pass code.                                       Special Event
                                                                   Coverage in
                                                                   the Sunday,
                                                                   March 13th

Chrysler to market                                                 Paper

                                                                    TICKETS ON
Latin cars as Fiats                                                 SALE NOW.


Strategy aims to meet franchising terms
in bailout agreement with U.S. Treasury
        By Brent Snavely          how soon an agreement with
        Detroit Free Press        Treasury could be reached
    DETROIT — Chrysler            but said the company is close
is planning to sell Chrysler      to reaching a resolution.
models under the Fiat brand          Clearing the 90 percent
name in Latin America to          franchising hurdle would
meet the spirit of the agree-     bring Fiat another step closer
ment the company made with        to being able to increase its
the U.S. Treasury and clear a     ownership of Chrysler from
hurdle that would allow Fiat      25 percent to 30 percent.
to increase its ownership            Under terms of Chrysler’s
stake in the company.             2009 bankruptcy restructur-
    The agreement with Trea-      ing, Fiat also was required
sury requires the company to      to record $1.5 billion cumula-
reach franchise agreements        tive revenue from Chrysler                                                                                                                                               Forget about American Idol. Stand up for your real
covering at least 90 percent      products sold outside North                                                                                                                                              favorites — your favorite pizza, your favorite dog walk,
of Fiat’s automobile dealers      America after Chrysler                                                                                                                                                   your favorite bartender and dozens more.
in Latin America that allow       emerged from bankruptcy                                    22 World-Class Wine Tastings                                                                                  It’s time to name your favorites for the Best in
them to sell Chrysler cars        on June 10, 2009. Chrysler
                                                                                             13 Unique Dining Experiences                                                                                  Silicon Valley, our annual reader poll to select the
and trucks.                       achieved that with non-North                                                                                                                                             best places to go, things to do, and people to know.
    “That’s the wording, but      American revenue of $2.5 bil-                             9 Celebrity Chef Demonstrations
the spirit was for us to expand   lion from its bankruptcy exit
our reach and our growth          until the end of 2009.
                                                                                                   2 Grand Tastings                                                                                        Because things like the best pizza matter!
within the marketplace, and          Fiat increased its own-                                     1 Legendary Location
there are different ways of       ership of Chrysler from 20
                                                                                                                                                                                                           Cast your ballot April 10-24 at
achieving that,” said Mike        percent to 25 percent in                 TICKET INFORMATION,                                                                                                             www.mercurynews.com/best-in-silicon-valley
Manley, president and CEO         January after Fiat invested
of the Jeep brand, Chrysler’s     money to produce Fiat’s              CALL 866.907. FOOD (3663) OR
largest international brand.      Fully Integrated Robotized          PEBBLEBEACHFOODANDWINE.COM                                                                                                           and see the winners in BEST   IN SILICON VALLEY
“As we’ve looked at the situ-     Engine in Dundee, Mich.                                                                                                                                                  Sunday, June 26 In your Mercury News
ation, I think we have found      That engine powers the
the best way of achieving         Fiat 500 minicar, which is
that.”                            assembled at Chrysler’s To-
    Manley declined to say        luca, Mexico, plant.
                                                                     Pebble Beach ®, Pebble Beach Resorts ®, Pebble Beach SM Food and Wine, The Lone Cypress™, and their respective underlying
                                                                           distinctive images are trademarks, service marks and trade dress of Pebble Beach Company. All rights reserved.
SUNDAY, APRIL 10, 2011                                                                                                                                                                                           111   BAY AREA NEWS GROUP                        E3




Valley tech giant Apple
                                                                                                                                                                                                                   FIGURATIVELY
                                                                                                                                                                                                                   SPEAKING




small potatoes in D.C.
iPod, iPhone maker is                                                                                                                                              of the few major corporations that
                                                                                                                                                                   doesn’t have a political action com-                                        AFP/GETTY IMAGES
learning the value of                                                                                                                                              mittee to funnel campaign contri-
                                                                                                                                                                   butions to politicians.
friends in Washington                                                                                                                                                   Apple’s top lobbyist, former               NUMBERS BEHIND THE NUMBER


                                                                                                                                                                                                                   50
                By Jim Puzzanghera
                                                                                                                                                                   Assistant U.S. Trade Representa-
                   Los Angeles Times                                                                                                                               tive Catherine Novelli, keeps a low
                                                                                                                                                                   profile, and its executives rarely
   WASHINGTON — Growing                                                                                                                                            testify on Capitol Hill. In fact, Ap-
from a scrappy underdog to one of                                                                                                                                  ple infuriated some senators last
the biggest technology companies                                                                                                                                   year when it declined to testify at             Estimated percentage of all
on the planet with a huge base of                                                                                                                                  a hearing about children’s privacy              Americans who have worked in the
loyal fans, Apple is looking for even                                                                                                                              on the Internet.                                restaurant industry at some point
more friends — this time in Wash-                                                                                                                                       Apple did not respond to re-               in their lives, according to research
ington.                                                                                                                                                            quests for comment for this re-                 from the National Restaurant As-
   The company, with a market                                                                                                                                      port.                                           sociation
value greater than Microsoft,                                                                                                                                           Eric Goldman, director of the



                                                                                                                                                                                                                   25
Google or Hewlett-Packard, is in-                                                                                                                                  High Tech Law Institute at Santa
creasingly evolving from a com-                                                                                                                                    Clara University, said Apple needs
puter maker to a multi-product                                                                                                                                     to adopt the lobbying strategy of a
international powerhouse and a                                                                                                                                     technology industry giant.
major force in the entertainment                                                                                                                                        “They may be used to being the
and publishing industries.                                                                                                                                         little guy fighting against the mo-              Percentage of adults who had their
   But Apple’s aggressive exploi-                                                                                                                                  nopolist, but everyone around them              first job experience in a restaurant
tation of its immensely popular                                                                                                                                    is looking at them as the new mo-



                                                                                                                                                                                                                   80
iPhone, iPad and sprawling online                                                                                            ROBERT GAUTHIER/MCCLATCHY-TRIBUNE
                                                                                                                                                                   nopolist, and they might not have
marketplace for music and digital                                                                                                                                  adjusted their thinking,” he said.
applications has raised the eyebrows                                    Dennis Morin, foreground, founder of bookseller BeamItDown                                      Apple has continued to push the
of regulators and lawmakers, who                                        Software, is critical of Apple’s rules.                                                    antitrust envelope with restrictive
worry the company’s dominance                                                                                                                                      products and technology platforms
might stifle competition.                                                in Washington.                                  Its lobbying expenses last year            as if it were still a small company,
   “There’s a point at which you                                            Since its dramatic growth began          were dwarfed by the nearly $7 mil-            said David Balto, a former Federal              Percentage of restaurant manag-
get so big, you’re not cute any-                                        in 2003 — the value of its shares has        lion that tech rivals Microsoft and           Trade Commission official and                    ers who got their start as front-line
more,” said Rebecca Arbogast, a                                         skyrocketed to more than $300 bil-           HP each spent. Apple’s lobbying               now a senior fellow at the Center               employees.
technology industry analyst at bro-                                     lion from $2.5 billion — the Cuper-          budget ranked 21st in the industry,           for American Progress, a liberal
kerage Stifel Nicolaus. “They need                                      tino company has more than tripled           behind much smaller companies,                think tank.                                     — By John MacIntyre
to understand they’re moving into                                       its federal lobbying expenses to $1.6        such as Expedia and eBay, accord-                  Apple’s new rules for publish-             For the Mercury News
an area where they’re going to be                                       million last year.                           ing to the nonpartisan Center for             ers are a prime example. U.S. and
under more scrutiny.”                                                       In February, the company                 Responsive Politics.                          European authorities are looking
   The company’s new rules for                                          boosted its forces by hiring the                In some ways, Apple’s Washing-             into whether the rules are bad for
online publishers, for instance, al-                                    high-powered Washington lob-                 ton image mirrors that of co-founder          competition.
ready have caught the attention of                                      bying firm of Fierce, Isakowitz &             Jobs: enigmatic and secretive.                     In February, Apple said that               MARKET MOVERS
antitrust enforcers. Publishers that                                    Blalock. And Apple CEO Steve                    Two decades ago, Apple was an              it would take a 30 percent cut of
want to sell subscriptions through                                      Jobs has met with President                  early tech player in Washington               magazine, newspaper and other                   Combined market value Friday
Apple’s iTunes online store to iPod                                     Barack Obama twice in the past               under former CEO John Sculley                 subscriptions sold by publishers                of the 150 largest companies in
and iPad users are facing restric-                                      five months, unusual forays into              as it tried to sell computers to the          on the company’s app store or                   Silicon Valley.
tive and potentially money-losing                                       the political arena for the compa-           federal government.                           iTunes service. Those publishers
terms that Apple is imposing.
   Some, such as Irvine bookseller
BeamItDown Software, fear the
new iTunes conditions would put
                                                                        ny’s co-founder.
                                                                            Those moves help Apple make
                                                                        its case to policymakers and regu-
                                                                        lators on issues that affect it, as
                                                                                                                        But in 1996, Apple closed its
                                                                                                                     office and decided to handle its
                                                                                                                     government affairs from Califor-
                                                                                                                     nia. Under Jobs, who returned to
                                                                                                                                                                   also would be prohibited from of-
                                                                                                                                                                   fering a better deal to customers
                                                                                                                                                                   through their own sites or through
                                                                                                                                                                   other venues. The new rules are
                                                                                                                                                                                                                   $1.53 trillion
                                                                                                                                                                                                                   -0.9%          3.4%              10.8%
them out of business.                                                   well as help the company learn               Apple as chief executive in 1997,             expected to be extended to book-
   “It’s an eviction notice disguised                                   about potential problems and                 the company also pulled back from             sellers too.                                    Weekly         YTD               52-week
as a reasonable business request,”                                      pending legislation before they be-          industry issues.                                   “They’re now trying to control             change         change            change
BeamItDown founder Dennis Mo-                                           come public.                                    While it belongs to major tech-            activity that takes place outside of
rin said about the new policy.                                              Still, Apple remains a surpris-          nology trade associations, Apple              their retail store. And that’s a little
   For Apple, such complaints are                                       ingly small-time player inside the           doesn’t take leading roles in advo-           bit unusual for a retailer to do,”
leading it to become more engaged                                       Beltway.                                     cating for industry causes. It is one         Goldman said.
                                                                                                                                                                                                                   WEEK’S BEST PERFORMER:
                                                                                                                                                                                                                   NATIONAL SEMICONDUCTOR

Valley focus ›› commercial real estate                                                                                                                                                                             68.9%
COMMERCIAL SPACE FOR LEASE IN SILICON VALLEY REMAINED VIRTUALLY UNCHANGED IN FEBRUARY BUT MANY ASKING LEASE RATES INCREASED                                                                                        Shares of the Santa Clara chip-
                                                                                                                                                                                                                   maker surged after Texas Instru-
In February, for the third month in a row, there was very little change in available commercial real estate space, according to a report provided by Col-                                                          ments agreed to buy the semicon-
liers International. There was 55.6 million square feet for lease as of March 1, down 0.2 percent from the month before. According to the same report,                                                             ductor company for about $6.5
space for lease was higher year-over-year with 1.6 million or 2.9 percent more square feet available than last year. The most notable increase occurred                                                            billion, its biggest acquisition as it
in the Fremont industrial market, where space for lease more than doubled compared with the year before. Average asking lease rates decreased in 12                                                                expands its leadership in analog
markets, increased in 7, and 8 remained the same.
                                                                                                                                                                                                                   semiconductors. Texas Instru-
                                                                     EXISTING                  SQUARE FOOTAGE                                                                   AVERAGE                            ments will pay $25 a share in the
                                                                      SQUARE                         FOR LEASE                        1-YR.         AVAILABILITY                 ASKING                  1-YR.     all-cash transaction.
MARKET                                                               FOOTAGE                     AS OF MARCH 1                        CHG.                 RATE              LEASE RATE¹                 CHG.
R&D space                                                                                                                                                                                                          Friday close: $24.04
  Fremont                                                        18,650,476                           4,854,719                       -2%                  26%                        $0.76              -11%
  Milpitas                                                       14,007,529                           3,685,381                        -1%                 26%                        $0.76                -1%
  Mountain View²                                                 12,591,132                            1,813,812                       5%                  14%                        $1.59                5%
  Palo Alto                                                     10,290,679                             1,319,265                      12%                  13%                        $2.30               -5%      WEEK’S WORST PERFORMER:
  San Jose²                                                     45,058,756                            9,779,660                       -6%                  22%                        $0.96               -3%      OMNIVISION
  Santa Clara²                                                  22,082,554                             3,001,147                       -1%                 14%                         $1.16              -6%
  Sunnyvale
  Silicon Valley³
Office space
                                                                 23,640,131
                                                               158,228,051
                                                                                                      3,068,489
                                                                                                     30,682,803
                                                                                                                                     -10%
                                                                                                                                      14%
                                                                                                                                                           13%
                                                                                                                                                           19%
                                                                                                                                                                                      $1.23
                                                                                                                                                                                       $1.14
                                                                                                                                                                                                            1%
                                                                                                                                                                                                          -4%      -10.1%
                                                                                                                                                                                                                   Shares of the Santa Clara maker
  Cupertino                                                       3,303,312                             357,088                      -57%                   11%                       $2.71              -3%       of image sensors fell after word
  Mtn. View/Los Altos                                             4,874,855                              755,115                      32%                  15%                        $3.04               9%       that Sony may supply cameras
                                                                                                                                                                                                                   for Apple’s iPhone 5, the blog
  Palo Alto                                                       6,136,682                           1,036,554                       -4%                  17%                        $4.51               1%
                                                                                                                                                                                                                   Electronista said. Sony CEO How-
  San Jose²                                                      16,737,595                           4,482,475                       -2%                  27%                        $2.30              -5%       ard Stringer told The Wall Street
  Santa Clara                                                     9,143,744                            2,468,811                      -4%                  27%                        $2.26              18%       Journal that shipments of sensors
  Sunnyvale                                                       7,459,845                            2,831,011                       -7%                 38%                        $3.20              36%       to Apple would be delayed. Apple
  Silicon Valley³                                                61,601,853                          15,562,320                       31%                  25%                        $2.71               9%       has sourced cameras only from
                                                                                                                                                                                                                   OmniVision to date.
Industrial space
  Fremont                                                         9,293,144                            1,120,565                    123%                    12%                       $0.56             -24%       Friday close: $32.53
  Gilroy                                                          1,343,090                              312,995                      -9%                   23%                       $0.74             124%
  Milpitas                                                        2,872,543                              590,497                      25%                   21%                       $0.58              -8%
  Morgan Hill                                                     2,042,269                               207,793                   -42%                    10%                       $0.76              10%
  San Jose²                                                      22,663,177                             2,149,178                     -8%                     9%                      $0.50             -24%       ECONOMIC X-RAY
  Santa Clara                                                    11,007,500                            1,068,282                      -4%                   10%                       $0.77               1%
  Sunnyvale                                                       5,703,385                               517,874                    -16%                     9%                      $0.68              -9%
  Silicon Valley³                                                54,925,107                             5,967,184                      4%                    11%                      $0.67              -3%       Growth in the U.S. nonmanufac-
                                                                                                                                                                                                                   turing sector slowed in March
Warehouse space
                                                                                                                                                                                                                   according to ISM data highlighted
  Fremont                                                         7,638,479                             886,724                      71%                    12%                       $0.41              -11%
                                                                                                                                                                                                                   by a nearly 2.5-point drop in its
  Gilroy                                                          3,225,543                              169,341                      0%                      5%                      $0.40                5%      composite index to 57.3. That is still
  Milpitas                                                        4,762,437                              675,744                    -22%                    14%                       $0.42                2%      well above 50, indicating month-
  Morgan Hill                                                       384,930                               93,970                      0%                    24%                       $0.55                -1%     to-month growth, but is below
  San Jose²                                                      10,372,876                            1,147,246                    -24%                     11%                      $0.48                0%      February’s 59.7, to indicate a slowing
  Santa Clara                                                     3,229,061                             408,908                      58%                    13%                       $0.56                4%      growth rate. Jobless filings are mov-
  Sunnyvale                                                       2,620,482                              129,550                     16%                      5%                      $0.54               -8%      ing lower one step at a time with
  Silicon Valley³                                               32,233,809                             3,511,483                      0%                     11%                      $0.46               -3%      initial claims at 382,000 in the week
¹Per square foot per month                                                                                                                                                                                         of April 2, compared with 392,000
²Dollar figures are weighted averages of the sub-markets within this market.
³Includes vacant, occupied and space under construction available for lease.
                                                                                                                                                                                                                   in the previous week (revised from
                                                                                                                                                                                                                   388,000). The four-week average of
Source: Colliers International
                                                                                                                                                                                                                   389,500 is down more than 5,000
                                                                                                                                                                                                                   from a month ago. Continuing
Office space for lease                                                    R&D space for lease                         Industrial space for lease                    Warehouse space for lease                      claims edged lower in the week of
In Silicon Valley (millions                                               In Silicon Valley (millions                 In Silicon Valley (millions                   In Silicon Valley (millions
                                                                                                      Total:                                                                                                       March 26 to a four-week average of
of square feet)                          Total:                           of square feet)
                                                                                                      30.6 million
                                                                                                                      of square feet)                               of square feet)
  Occupied Vacant
                                         14.8 million                        Occupied Vacant                           8                            6 million        3.75                         3.5 million      3.746 million, down 100,000 from a
 18                                                                       35
                                                                          30
                                                                                                                                                                                                                   month ago.
14                                                                                                                     6
                                                                          25                                                                                         3.5                                           Indicator                          Est. Actual
10                                                                        20                                           4                                                                                           ISM non-manf. composite            59.5    57.3
                                                                          15                                                                                        3.25                                           (March)
  6                                                                       10                                           2                                                                                           Initial jobless claims (April)    385K     3885
  2                                                                        5
                                                                                                                                                                                                                   Wholesale inventories (Feb.)      1.0%     1.0%
  0                                                                        0                                           0                                               3
     F M A M J J A S O N D J F                                                  F M A M J J A S O N D J F                    F M A M J J A S O N D J F                       F M A M J J A S O N D J F                                              MERCURY NEWS
   ’10                         ’11                                            ’10                              ’11         ’10                     ’11                     ’10                     ’11
Source: Colliers International                                                                                                                                                                    MERCURY NEWS
E4     BAY AREA NEWS GROUP                        111                                                                                                                                                                                                        SUNDAY, APRIL 10, 2011

                                                                                                                                                                                               Mutual funds
   The Money Page                                                                                                                                                                              Fund
                                                                                                                                                                                               American Funds

                                                                                                                                                                                                BalA m
                                                                                                                                                                                                                       1-wk YTD 1-yr 5-yr
                                                                                                                                                                                                             Close Chg %Rtn %Rtn %Rtn %Rtn

                                                                                                                                                                                                AMCAPA m 19.84 -.08
                                                                                                                                                                                                              18.67 -.06
                                                                                                                                                                                                                              -.5
                                                                                                                                                                                                                              -.3
                                                                                                                                                                                                                                 +5.4
                                                                                                                                                                                                                                 +4.7
                                                                                                                                                                                                                                           +12.1
                                                                                                                                                                                                                                           +12.8
                                                                                                                                                                                                                                                   +3.3
                                                                                                                                                                                                                                                   +4.3
                                                                                                                                                                                                                                                          Fund
                                                                                                                                                                                                                                                         John Hancock
                                                                                                                                                                                                                                                         LifBa1 b
                                                                                                                                                                                                                                                         LifGr1 b
                                                                                                                                                                                                                                                                                 1-wk YTD 1-yr 5-yr
                                                                                                                                                                                                                                                                       Close Chg %Rtn %Rtn %Rtn %Rtn

                                                                                                                                                                                                                                                                        13.45 -.01
                                                                                                                                                                                                                                                                        13.54 -.01
                                                                                                                                                                                                                                                                                      +.1 +4.7 +12.9
                                                                                                                                                                                                                                                                                      +.1 +5.5 +14.8
                                                                                                                                                                                                                                                                                                           +4.6
                                                                                                                                                                                                                                                                                                           +3.8
                                                                                                                                                                                                BondA m       12.16           -.1+0.6       +5.6   +3.6  Lazard
                                                                                                                                                                                                CapIncBuA m 51.71 +.13       +.7 +4.6      +12.0   +4.2



Debit card rewards get the ax
                                                                                                                                                                                                                                                         EmgMkEqtI d 22.38 +.03      +1.6 +2.8 +16.9 +11.2
                                                                                                                                                                                                CapWldBdA m 20.68 +.05       +.5 +2.2       +7.2   +6.9  Longleaf Partners
                                                                                                                                                                                                CpWldGrIA m 37.60 +.17      +1.0 +5.7      +13.0   +4.5  LongPart       30.66 -.24    -.8 +8.5 +16.5       +1.2
                                                                                                                                                                                                EurPacGrA m 43.70 +.24      +1.0 +5.6      +13.9   +4.9  Loomis Sayles
                                                                                                                                                                                                FnInvA m      39.32 +.04     +.1 +7.5      +16.0   +4.2  BondI          14.71 +.03    +.6 +4.5 +12.5       +8.4
                                                                                                                                                                                                GrthAmA m 32.16 -.05          -.2+5.7      +12.3   +2.6  BondR b        14.66 +.03    +.6 +4.4 +12.2       +8.1
                                                                                                                                                                                                HiIncA m      11.57 +.01     +.5 +4.5      +14.0   +7.3  Lord Abbett
                                                                                                                                                                                                IncAmerA m 17.34 +.01        +.3 +5.8      +14.3   +4.5  AffiliatA m    12.24 -.05    -.3 +5.9 +10.4        +.9
Without merchant                                                                                                                            ering a range of options to
                                                                                                                                                                                                InvCoAmA m 29.42 -.04
                                                                                                                                                                                                MutualA m     26.54 -.05
                                                                                                                                                                                                NewPerspA m 30.15 +.08
                                                                                                                                                                                                                             +.2 +4.9
                                                                                                                                                                                                                                 +5.4
                                                                                                                                                                                                                             +.4 +5.3
                                                                                                                                                                                                                                           +11.3
                                                                                                                                                                                                                                           +13.4
                                                                                                                                                                                                                                           +14.9
                                                                                                                                                                                                                                                   +2.5
                                                                                                                                                                                                                                                   +3.7
                                                                                                                                                                                                                                                   +5.7
                                                                                                                                                                                                                                                         Manning & Napier
                                                                                                                                                                                                                                                         WrldOppA        9.19 +.05    +.8 +6.7 +13.0       +5.9

fees, banks plan                                                                                                                            offset the potential losses:                                                                                 Metropolitan West
                                                                                                                                                                                                NwWrldA m 56.35 +.15        +1.2 +3.2      +15.6   +9.1  TotRtBd b      10.39         -.1 +1.3 +8.6        +8.2
                                                                                                                                            higher charges for check-                           SmCpWldA m 40.74 -.05       +1.2 +4.8      +19.8   +5.3
                                                                                                                                                                                                                                                         Oakmark

to cancel programs
                                                                                                                                                                                                WAMutInvA m 28.91 -.07           +6.8      +15.5   +2.5
                                                                                                                                                                                                                                                         EqIncI         29.27         +.2 +5.5 +9.4        +7.2
                                                                                                                                            ing accounts; higher fees                          Artisan                                                   Intl I d       20.36 +.23   +1.5 +4.9 +15.3       +5.5
                                                                                                                                                                                                Intl d        23.15 +.21    +2.0 +6.7 +15.8         +2.5
                                                                                                                                            for using automated teller                          MdCpVal       22.46 -.17     +.9 +11.9 +22.7        +7.3 Oppenheimer
                                                                                                                                                                                                                                                         DevMktA m 37.20 +.04        +1.2   +2.0   +22.9 +12.7
       By Doreen Hemlock                                                                                                                    machines; caps on spending                         BlackRock
                                                                                                                                                                                                GlobAlcA m 20.31 +.05        +.6 +4.6 +11.8
                                                                                                                                                                                                                                                         DevMktY
                                                                                                                                                                                                                                                    +7.0 GlobA m
                                                                                                                                                                                                                                                                        36.82 +.03   +1.2   +2.1   +23.2 +13.0
                                                                                                                                            with debit cards; or annual                                                                                                 64.41 +.18    +.1   +6.7   +16.1 +3.1
        Florida Sun Sentinel                                                                                                                                                                    GlobAlcC m 18.93 +.05        +.6 +4.4 +11.0         +6.2 IntlBondA m     6.63 +.03   +1.1   +2.1    +8.3 +8.4
                                                                                                                                                                                                GlobAlcI d    20.41 +.06     +.6 +4.7 +12.1         +7.3 PIMCO
    FORT LAUDERDALE,                                                                                                                        fees on debit cards them-                          Columbia                                                  AllAssetI      12.51 +.04    +.6 +4.4     +15.0   +7.3
Fla. — Debit card rewards                                                                                                                   selves, said Greg McBride,                          AcornZ        32.10 -.15     +.1 +6.3 +22.1         +5.3 ComRlRStI       9.96 +.15   +2.6 +10.1    +39.0   +6.5
                                                                                                                                                                                               DFA
are going the way of the ro-                                                                                                                senior financial analyst at                          EmMktValI     37.67 +.12    +1.8    +4.2   +19.3
                                                                                                                                                                                                                                                         HiYldIs
                                                                                                                                                                                                                                                   +14.2 LowDrIs
                                                                                                                                                                                                                                                                         9.50 +.01
                                                                                                                                                                                                                                                                        10.46
                                                                                                                                                                                                                                                                                      +.5 +4.1
                                                                                                                                                                                                                                                                                      +.1 +1.4
                                                                                                                                                                                                                                                                                                   +12.8
                                                                                                                                                                                                                                                                                                    +4.3
                                                                                                                                                                                                                                                                                                           +7.7
                                                                                                                                                                                                                                                                                                           +5.9
tary phone.                                                                                                                                 Bankrate.com.                                       IntSmCapI
                                                                                                                                                                                                USLgValI
                                                                                                                                                                                                              18.38 +.21
                                                                                                                                                                                                              22.01 -.08
                                                                                                                                                                                                                             +.6
                                                                                                                                                                                                                              -.4
                                                                                                                                                                                                                                    +6.9
                                                                                                                                                                                                                                    +9.7
                                                                                                                                                                                                                                           +17.1
                                                                                                                                                                                                                                           +17.4
                                                                                                                                                                                                                                                    +3.5 RealRet
                                                                                                                                                                                                                                                    +2.1 TotRetA m
                                                                                                                                                                                                                                                                        11.53 +.02    +.1 +2.3      +8.5   +7.1
                                                                                                                                                                                                                                                                        10.91         +.2 +1.3      +6.8   +8.1
    Many of the country’s                                                                                                                       Debit rewards are an                            USSmValI      27.78 -.31      -.8   +8.6   +21.5    +2.6 TotRetAdm b 10.91            +.2 +1.4      +7.0   +8.3
                                                                                                                                                                                               Davis
largest banks — including                                                                                                                   easy place to start, since                          NYVentA m 36.36 +.02         +.6 +5.9 +12.1
                                                                                                                                                                                                                                                         TotRetC m
                                                                                                                                                                                                                                                    +2.0 TotRetIs
                                                                                                                                                                                                                                                                        10.91
                                                                                                                                                                                                                                                                        10.91
                                                                                                                                                                                                                                                                                      +.2 +1.1
                                                                                                                                                                                                                                                                                      +.2 +1.5
                                                                                                                                                                                                                                                                                                    +6.0
                                                                                                                                                                                                                                                                                                    +7.3
                                                                                                                                                                                                                                                                                                           +7.3
                                                                                                                                                                                                                                                                                                           +8.5
JPMorgan Chase and Wells                                                                                                                    they don’t impose extra                             NYVentY       36.76 +.02     +.6 +6.0 +12.4         +2.2 TotRetrnD b 10.91            +.2 +1.4      +7.0   +8.2
                                                                                                                                                                                               Dodge & Cox                                               TotlRetnP      10.91         +.2 +1.4      +7.2    NA
Fargo — are eliminating the                                                                                                                 charges on consumers. In-                           Bal           73.52 -.21     -.2 +5.2 +10.8         +2.4 Permanent
rewards programs, now that                                                                                                                  deed, some banks already                            Income        13.27              +1.4 +6.6          +6.8 Portfolio      47.86 +.11    +.7 +4.5 +19.5 +10.3
                                                                                                                                                                                                IntlStk       37.46 +.20    +1.1 +4.9 +14.5         +3.7 Schwab
Washington plans to slash the                                                                                                               are talking with merchants                          Stock        114.23 -.44     -.3 +6.4 +11.7          +.2 S&P500Sel d 20.77 -.08       -.2 +6.1 +14.1       +2.7
                                                                                                                                                                                               Eaton Vance
fees that merchants pay banks                                                                                                               to have stores pick up the                          LrgCpValA m 18.85 -.04        -.1 +3.7 +5.7
                                                                                                                                                                                                                                                         Scout
                                                                                                                                                                                                                                                    +1.7 Interntl d     34.13 +.27   +1.2 +5.4 +15.4       +5.5
when consumers use the debit                                                                                                                cost of new debit rewards                          Fairholme Funds                                           T Rowe Price
                                                                                                                                                                                                Fairhome d    34.62 -.32      -.7 -2.7 +5.7         +7.8 BlChpGr        40.10 -.20   -1.1 +5.2     +15.2   +3.8
cards for purchases.                                                                                                                        programs, perhaps by of-                           Fidelity                                                  CapApprec      21.27 -.05    -.3 +4.7     +11.8   +6.0
    “I couldn’t get enough                                                                                                                  fering store gift cards, cou-                       Bal           18.95 -.03      -.4   +4.3   +12.6    +4.0 EqIndex d      35.80 -.14    -.3 +6.1     +13.9   +2.4
                                                                                                                                                                                                BlChGrow      47.91 -.18      -.5   +5.6   +17.8    +5.4 EqtyInc        25.09 -.12    -.1 +6.3     +12.3   +2.9
rewards yet, and now they                                                                                                                   pons or discounts directly                          CapInc d        9.85 -.01    +.3    +5.9   +17.1   +10.5 GrowStk        33.75 -.07    -.7 +5.0     +15.8   +4.2
                                                                                                                                                                                                Contra        71.06 -.13      -.2   +5.0   +16.7    +4.8 MidCapVa       25.10 -.15    -.6 +5.9     +13.6   +6.2
canceled the program,” said                                                                                                                 to bank debit card users,                           DiscEq        24.22 -.11     +.1    +7.5    +9.2     +.5 MidCpGr        63.76 -.34    -.5 +8.9     +26.0   +7.7
Chase customer Sora Villalba,                                                                                                               McBride said.                                       DivGrow
                                                                                                                                                                                                DivrIntl d
                                                                                                                                                                                                              30.42 -.08
                                                                                                                                                                                                              31.82 +.26    +1.2
                                                                                                                                                                                                                                    +7.0
                                                                                                                                                                                                                                    +5.5
                                                                                                                                                                                                                                           +18.5
                                                                                                                                                                                                                                           +14.0
                                                                                                                                                                                                                                                    +4.5 NewHoriz
                                                                                                                                                                                                                                                    +1.4 NewIncome
                                                                                                                                                                                                                                                                        37.00 -.22
                                                                                                                                                                                                                                                                         9.43 -.01
                                                                                                                                                                                                                                                                                      -.6 +10.5
                                                                                                                                                                                                                                                                                      -.3 +0.3
                                                                                                                                                                                                                                                                                                   +33.2
                                                                                                                                                                                                                                                                                                    +5.2
                                                                                                                                                                                                                                                                                                           +6.3
                                                                                                                                                                                                                                                                                                           +6.5
a South Florida hotel cook who                                                                                                                  That’s little solace, how-                      EqInc         47.36 -.16     +.2    +7.3   +13.5    +1.5 Rtmt2020       17.27 -.01         +5.0    +13.8   +4.7
                                                                                                                                                                                                FF2015        11.82 +.01     +.3    +4.2   +11.9    +4.1 Rtmt2030       18.27 -.02    -.1 +5.7     +15.1   +4.3
paid $25 for a debit rewards                                                                                                                ever, for Boris Quesada, 32,                        FF2035        12.17 +.02     +.5    +6.1   +15.0    +3.0 SmCpStk        37.57 -.30    -.6 +9.1     +28.3   +6.1
card last year to start rack-                                                                                                               who waits tables at a Mexi-                         FF2040
                                                                                                                                                                                                Free2010
                                                                                                                                                                                                                8.51 +.02
                                                                                                                                                                                                              14.15 +.02
                                                                                                                                                                                                                             +.6
                                                                                                                                                                                                                             +.3
                                                                                                                                                                                                                                    +6.2
                                                                                                                                                                                                                                    +4.1
                                                                                                                                                                                                                                           +15.2
                                                                                                                                                                                                                                           +11.7
                                                                                                                                                                                                                                                    +2.8 Value
                                                                                                                                                                                                                                                    +4.3 Thornburg
                                                                                                                                                                                                                                                                        25.05 -.12    -.4 +7.3     +14.2   +3.2
ing up points for a trip. “My                                                                                                               can restaurant in Hollywood,                        Free2020      14.45 +.02     +.3    +4.8   +13.0    +3.7 IntlValA m     29.88 +.19   +1.2 +6.7 +18.2       +5.9
                                                                                                                                                                                                Free2025      12.14 +.02     +.5    +5.4   +14.1    +3.7 IntlValI d     30.54 +.20   +1.2 +6.8 +18.7       +6.4
friend had told me that these                                                                                                               Fla. He’s losing his debit card                     Free2030      14.54 +.03     +.4    +5.6   +14.2    +3.0 Vanguard
programs are not really good                                                                                                                rewards at Chase and also                           GNMA
                                                                                                                                                                                                GrowCo
                                                                                                                                                                                                              11.40 -.01
                                                                                                                                                                                                              90.07 -.22
                                                                                                                                                                                                                              -.4
                                                                                                                                                                                                                              -.2
                                                                                                                                                                                                                                    +0.3
                                                                                                                                                                                                                                    +8.3
                                                                                                                                                                                                                                            +5.3
                                                                                                                                                                                                                                           +20.8
                                                                                                                                                                                                                                                    +6.6 500Adml
                                                                                                                                                                                                                                                    +6.2 500Inv
                                                                                                                                                                                                                                                                       122.41 -.49    -.3   +6.2 +14.2     +2.7
                                                                                                                                                                                                                                                                       122.40 -.50    -.3   +6.1 +14.0     +2.6
because the banks always get                                                                                                                heard that Chase plans to re-                       IntlDisc d    34.42 +.40    +1.3    +4.2   +13.8    +2.2 AssetA         25.71 -.10    -.5   +5.2 +15.4     +1.6
                                                                                                                                                                                                LowPriStk d 41.16 -.03       +.3    +7.2   +16.8    +5.0 EmMktIAdm d 41.80 +.02
more than you do.”                                                                                                                          quire a minimum balance on                          Magellan      75.28 -.11      -.8   +5.0   +10.6     +.2 EnergyAdm d 140.52 +.85
                                                                                                                                                                                                                                                                                     +1.3   +4.9 +18.1
                                                                                                                                                                                                                                                                                           +16.2 +27.9
                                                                                                                                                                                                                                                                                                            NA
                                                                                                                                                                                                                                                                                                           +8.4
    Other big banks are still                                                                                                               his checking account there                          MidCap d
                                                                                                                                                                                                Puritan
                                                                                                                                                                                                              30.96 -.19
                                                                                                                                                                                                              18.74 -.04
                                                                                                                                                                                                                              -.6
                                                                                                                                                                                                                              -.3
                                                                                                                                                                                                                                    +7.3
                                                                                                                                                                                                                                    +5.0
                                                                                                                                                                                                                                           +15.3
                                                                                                                                                                                                                                           +13.4
                                                                                                                                                                                                                                                    +3.3 EnergyInv d 74.83 +.45
                                                                                                                                                                                                                                                    +4.9 Explr
                                                                                                                                                                                                                                                                                           +16.1 +27.8     +8.3
                                                                                                                                                                                                                                                                        79.53 -.73     -.7 +9.1 +25.3      +3.3
mulling options on their debit                                                                                                              if he hopes to avoid monthly                        ShTmBond        8.46                +0.4    +2.9    +2.6 GNMA           10.68 -.01     -.4 +0.3 +5.3       +6.3
                                                                                                                                                                                                StratInc      11.24          +.3    +3.1   +10.1    +8.3 GNMAAdml
rewards, including Bank of                                                             JASON BENAVIDES/THE CHARLOTTE OBSERVER               maintenance fees.                                   TotalBd       10.73 -.01      -.2   +1.1    +6.8
                                                                                                                                                                                                                                                                        10.68 -.01
                                                                                                                                                                                                                                                    +6.4 HYCorAdml d 5.83
                                                                                                                                                                                                                                                                                       -.4 +0.3 +5.5
                                                                                                                                                                                                                                                                                      +.4 +4.3 +12.9
                                                                                                                                                                                                                                                                                                           +6.4
                                                                                                                                                                                                                                                                                                           +7.0
America, Citi and TD.                                                                                                                           “If they cut rewards and                        USBdIdx       11.25 -.01      -.4   +0.1    +4.8    +5.4 HltCrAdml d 55.10 +.04       +.2 +7.5 +11.7       +5.1
                                                                                                                                                                                                Value         74.37 -.35     +.1    +8.3   +17.7    +2.4 HlthCare d 130.56 +.10       +.2 +7.5 +11.6       +5.0
    But the future looks bleak               Christine Urquiola, 18, as she                  slash the usage fee that                       require a minimum balance,                         Fidelity Advisor                                          ITGradeAd       9.79 -.02     -.2 +0.9 +7.9       +6.8
for the popular programs                     withdrew money from a Wa-                       banks collect on debit cards                   I’ll look to switch banks,”                         NewInsI       21.09 -.03
                                                                                                                                                                                               Fidelity Spartan
                                                                                                                                                                                                                              -.2 +4.9 +15.9        +4.6 InfPrtAdm
                                                                                                                                                                                                                                                         InfPrtI
                                                                                                                                                                                                                                                                        25.95 +.05
                                                                                                                                                                                                                                                                        10.57 +.02
                                                                                                                                                                                                                                                                                            +2.3 +7.9
                                                                                                                                                                                                                                                                                            +2.3 +7.9
                                                                                                                                                                                                                                                                                                           +6.2
                                                                                                                                                                                                                                                                                                           +6.3
that let debit card holders ac-              chovia branch.                                  from an average 44 cents a                     Quesada said. He already                            USEqIndxAg 47.03 -.19         -.3 +6.2 +14.1        +2.6 InflaPro       13.21 +.02          +2.2 +7.8      +6.1
                                                                                                                                                                                                USEqIndxI     47.03 -.19      -.3 +6.2 +14.1        +2.6 InstIdxI      121.56 -.49     -.3 +6.2 +14.2      +2.7
cumulate points with spend-                      Banks began aggressively                    swipe to a maximum 12 cents                    balked when Bank of Amer-                          First Eagle                                               InstPlus      121.56 -.49     -.3 +6.2 +14.2      +2.7
ing and trade points for gift                offering debit rewards in the                   a swipe starting July 21.                      ica raised fees on his check-                       GlbA m        48.18 +.19     +.4 +3.9 +15.8         +7.6 InstTStPl
                                                                                                                                                                                                                                                         IntlGr d
                                                                                                                                                                                                                                                                        30.29 -.14
                                                                                                                                                                                                                                                                        20.50 +.19
                                                                                                                                                                                                                                                                                       -.4 +6.6 +15.8
                                                                                                                                                                                                                                                                                     +1.4 +6.0 +18.2
                                                                                                                                                                                                                                                                                                           +3.4
                                                                                                                                                                                                                                                                                                           +4.6
                                                                                                                                                                                               FrankTemp-Franklin
cards, electronics and even                  past 5 to 10 years as a way to                      Finance heavyweights are                   ing account and negotiated                          CA TF A m       6.51 -.01     -.2    -1.8 -2.0      +2.7 IntlStkIdxAdm d27.82 +.27   +1.3 +5.6 NA           NA
long-distance travel, ana-                   boost customer loyalty. The                     fighting the plan, with several                 lower charges to keep cash                          Fed TF A m    11.22 -.01      -.2   +0.2 -.2        +3.3 IntlVal d      33.51 +.33   +1.0 +4.2 +9.3        +2.1
                                                                                                                                                                                                Income A m      2.27         +.4    +6.3 +15.0      +6.3 LifeGro        23.21 -.01          +5.2 +14.4     +3.3
lysts say.                                   programs are especially pop-                    bills in Congress to amend                     there.                                              Income C m      2.29         +.4    +6.1 +14.3      +5.7 LifeMod        20.35 -.02     -.1 +4.0 +12.4      +4.1
                                                                                                                                                                                               FrankTemp-Mutual                                          MidCpIst       22.02 -.12     -.7 +8.2 +22.4      +4.5
    JPMorgan Chase ended                     ular among customers who                        the law mandating reform.                          That leaves banks walk-                         Discov A m    30.69 +.05     +.6 +5.1 +10.8         +5.1 MuIntAdml      13.19 -.01     -.1 +0.4 +1.9       +4.1
                                                                                                                                                                                                                                                         MuLtdAdml      10.98               +0.5 +2.1      +3.7
debit rewards for new cus-                   don’t have credit cards or                      JPMorgan Chase estimates                       ing a “tightrope” on han-                           Discov Z
                                                                                                                                                                                                Shares Z
                                                                                                                                                                                                              31.08 +.05
                                                                                                                                                                                                              22.03 -.03
                                                                                                                                                                                                                             +.6 +5.2 +11.2
                                                                                                                                                                                                                             +.1 +6.0 +11.4
                                                                                                                                                                                                                                                    +5.4
                                                                                                                                                                                                                                                    +1.6 MuShtAdml      15.86               +0.4 +1.1      +3.1
tomers in February and will                  who are trying to pay down                      it will lose $1.3 billion a year if            dling lower income from                            FrankTemp-Templeton                                       Prmcp d        68.87 -.43    -1.0 +4.7 +13.3      +4.5
                                                                                                                                                                                                GlBond A m 13.97 +.05       +1.2    +3.9    +8.9   +12.3 PrmcpAdml d 71.47 -.45       -1.0 +4.7 +13.4      +4.6
chop them for existing cus-                  credit cards. Rewards on                        the Fed proposal takes effect.                 debit-card use, Bankrate’s                          GlBond C m 13.99 +.05       +1.1    +3.8    +8.5   +11.9 STBondSgl      10.50 -.01     -.1 +0.2 +3.1        NA
tomers July 19. Wells Fargo                  credit cards are more gener-                    In all, the financial industry                  McBride said. Rewards help                          GlBondAdv     13.93 +.05    +1.1    +3.9    +9.1   +12.6 STCor          10.72 -.01     -.1 +0.7 +3.9       +4.9
                                                                                                                                                                                                Growth A m 19.31 +.11       +1.0    +8.5   +14.7     +.2 STGradeAd      10.72 -.01     -.1 +0.7 +4.0       +5.1
ended debit card rewards                     ous, industry analysts say.                     could lose $10 billion a year                  build loyalty, and consum-                         GMO                                                       Star           19.82 -.02     -.2 +3.9 +10.9      +4.5
for new customers March                          If banks ax rewards pro-                    from the Fed plan, Raymond                     ers “have reached the boil-                         QuVI          20.91 -.01     +.5 +4.5 +8.7           NA TgtRe2015       12.88 -.01     -.1 +3.7 +11.2      +4.7
                                                                                                                                                                                                                                                         TgtRe2020      23.01 -.02          +4.1 +12.0      NA
                                                                                                                                                                                               Harbor                                                    TgtRe2030      22.78 -.01          +5.1 +13.5      NA
27 and its Wachovia unit will                grams, debit card customers                     James Equity Research has                      ing point on fees,” he said. A                      Bond          12.18 +.01     +.2 +1.4 +6.9          +7.9 TgtRe2035      13.82         +.1 +5.6 +14.3       +3.8
                                                                                                                                                                                                CapApInst     38.27 -.13      -.9 +4.2 +11.5        +3.3 Tgtet2025
follow suit April 15. SunTrust               with points should try to use                   estimated.                                     recently released Bankrate                          IntlInstl d   65.07 +.76    +1.9 +7.5 +18.6         +6.1 TotBdAdml
                                                                                                                                                                                                                                                                        13.20 -.01          +4.6 +12.8     +4.2
                                                                                                                                                                                                                                                                        10.50 -.01     -.3        +4.8     +6.0
is axing the rewards April 15,               them. Some reward points ex-                        Not all banks have debit                   survey found 64 percent of                         Hartford                                                  TotBdInst      10.50 -.01     -.3        +4.9     +6.1
                                                                                                                                                                                                CapAprA m 35.75 -.10          -.1 +3.2 +10.4        +2.5 TotBdMkInv     10.50 -.01     -.3 -0.1 +4.7       +5.9
with points to expire Jan. 1.                pire when the programs do.                      rewards programs to trim. Of                   respondents would consider                          CpApHLSIA     44.70 -.14      -.1 +5.5 +14.8        +4.3 TotBdMkSig 10.50 -.01         -.3        +4.8      NA
And PNC has told customers                       Cuts in rewards pro-                        110 big institutions surveyed                  switching banks if fees were                       INVESCO
                                                                                                                                                                                                EqIncomeA m 8.99 -.03               +5.1 +10.6
                                                                                                                                                                                                                                                         TotIntl d
                                                                                                                                                                                                                                                    +4.5 TotStIAdm
                                                                                                                                                                                                                                                                        16.63 +.16   +1.3 +5.5 +14.0       +3.3
                                                                                                                                                                                                                                                                        33.49 -.16     -.4 +6.5 +15.8      +3.3
with free checking accounts                  grams come as banks and fi-                      in 10 large U.S. markets                       raised on their checking ac-                       Ivy                                                       TotStIIns      33.50 -.16     -.3 +6.6 +15.8      +3.3
                                                                                                                                                                                                AssetStrA m 25.82 -.03       +.8 +5.8 +13.0         +9.5 TotStIdx
that their debit rewards end                 nance giants such as Visa try                   early last year, Bankrate.                     count.                                              AssetStrC m 25.04 -.03       +.8 +5.5 +12.1         +8.7 WellsI
                                                                                                                                                                                                                                                                        33.49 -.15
                                                                                                                                                                                                                                                                        22.14 -.03
                                                                                                                                                                                                                                                                                       -.3 +6.5 +15.7
                                                                                                                                                                                                                                                                                       -.1 +2.9 +10.3
                                                                                                                                                                                                                                                                                                           +3.2
                                                                                                                                                                                                                                                                                                           +6.8
Sept. 12.                                    to recoup some of the billions                  com found 40 programs of-                          “If they push fees too                         JPMorgan                                                  WellsIAdm      53.64 -.07     -.1 +3.0 +10.4      +6.9
                                                                                                                                                                                                CoreBondSelect11.41          -.2 +0.5 +6.1          +6.7 Welltn         32.41 -.02    +.1 +4.9 +11.4       +5.9
    “The only reason I like                  of dollars they expect to lose                  fered, with some banks of-                     high,” McBride said, “cus-                          HighYldSel d 8.37            +.5 +4.5 +14.3         +8.9 WelltnAdm      55.97 -.04    +.1 +4.9 +11.5       +6.0
using my debit card is for                   from a Federal Reserve pro-                     fering more than one.                          tomers are going to be in-                         Janus
                                                                                                                                                                                                OverseasJ d 51.61 -.07        -.4 +1.9 +10.3
                                                                                                                                                                                                                                                         WndsIIAdm
                                                                                                                                                                                                                                                    +9.6 Wndsr
                                                                                                                                                                                                                                                                        48.85 -.15
                                                                                                                                                                                                                                                                        14.40 -.07
                                                                                                                                                                                                                                                                                      +.1 +7.2 +10.4
                                                                                                                                                                                                                                                                                       -.3 +6.6 +12.8
                                                                                                                                                                                                                                                                                                           +2.2
                                                                                                                                                                                                                                                                                                           +1.3
the rewards,” said student                   posal. The Fed plan would                           But all banks are consid-                  clined to bolt.”                                    PerkinsMCVJ 24.04 -.14        -.2 +6.5 +14.1        +6.4 WndsrII        27.52 -.08    +.1 +7.2 +10.3       +2.1



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Chase Bank                                                800-788-7000                NA             NA            0.10           0.20           0.20           NA             0.35           0.75            1.25
                                                                                                                                                                                                                             Specials: Call for special rates.
                                                        www.chase.com                 NA             NA           1,000          1,000          1,000           NA            1,000          1,000           1,000

Citibank                                                  800-374-9500                NA            0.10           0.20           0.25           0.40           NA             0.75           1.01            2.00
                                                                                                                                                                                                                             Specials: Call for special rates.
                                                     www.citibank.com                 NA            100            500            500            500            NA             500            500             500

Discover Bank                                             800-657-4023                NA             1.00          0.55           0.90           1.20           1.30           1.40           1.75            2.30           Specials: Member FDIC. 24/7 online access
www.discoverbank.com                                                                  NA            2,500         2,500          2,500          2,500          2,500          2,500          2,500           2,500           & customer service. Mention Code D120299

HSBC Bank USA, N.A.                          800-975-HSBC (4722)                      NA             NA            0.05           0.10           0.10           NA             0.35           0.35            0.80
                                                                                                                                                                                                                             Specials: Call for special rates.
                                                  www.us.hsbc.com                     NA             NA           1,000          1,000          1,000           NA            1,000          1,000           1,000

Metlife Bank, N.A.                     866-BANKMET/226-5638                           NA            0.75          0.50           0.70           1.25           1.35            1.55           1.90           1.90
                                                                                                                                                                                                                             Specials: Call for special rates.
                                            www.metlifebank.com                       NA           25,000        50,000         50,000         25,000         25,000          25,000         25,000         25,000

Valley Credit Union, a division of CEFCU                  408-955-1300                NA             NA            0.45           0.60           0.85           1.05           1.29           1.64            2.28           Specials: *Assumes relationship pricing.
670 Lincoln Avenue                                    www.valleycu.org                NA             NA           1,000          1,000          1,000          1,000          1,000          1,000           1,000           Early withdrawal penalty applies.


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                                                                                                                                WEEKLY UPDATE
                                                                                                  Laws of retirement planning                               By Sheyna Steiner
  When it comes to retirement planning, sooner is always                                       1. Get out of debt                                                                             special accounts that give you tax breaks.
 better than later.                                                                             Certain types of debt are toxic to building wealth. High-                                     Funds can be invested before taxes for investors who ex-
 Consider this illustration in the importance of time in                                       interest credit card debt can fester in your finances and                                       pect to pay a lower income tax in the future. Or money
 retirement planning: a 25-year-old who saves $5,000 ev-                                       cost more than can possibly be regained through saving                                         can be invested after taxes, as with a Roth account, where
 ery year for 40 years will retire with nearly $1 million,                                     and investing. Still, if you have access to a retirement ac-                                   contributions and earnings can be taken out tax-free dur-
 assuming a 7 percent rate of return. A 35-year-old who                                        count at work, take advantage of it.                                                           ing retirement.
 begins saving $5,000 annually will turn 65 with around                                        2. Draw up a budget                                                                            4. Save, save and save
 $472,000.                                                                                       Budgets are not the most exciting topic in finance, but                                          Retirement planning takes time. It takes a number of
   To get close to $1 million in 30 years rather than 40,                                      your budget will underlie all of your wealth-building ef-                                      years to save a substantial sum and even more for the
 the 35-year-old would have to save twice as much as her                                       forts and keep you on track with everyday expenses and                                         magic of compounding to become apparent.
 younger counterpart.                                                                          savings.                                                                                        Don’t wait to begin saving for retirement. Save what you
 Consistent saving as early as possible is key, but other fac-                                 Just knowing the regular expenses and bills can help pin                                       can now instead of waiting until you strike it rich or are
 tors will contribute to the success of your retirement plan.                                  down where your money is going. There may be some fat                                          magically motivated to learn about investing.
 To ensure that you arrive at the promised land of retire-                                     that could be cut, which could translate to more savings.                                        “Put $50 a month into a 401(k) plan. That is better than
 ment flush with cash, incorporate these simple guidelines                                      3. Use tax-favored retirement accounts                                                         doing nothing; it adds up,” says Herbert Hopwood, presi-
 into your financial planning.                                                                    The government encourages saving for retirement with                                         dent of Hopwood Financial Services in Great Falls, Va.
Note: Rates effective as of 4/7/11 and may change without notice. Rates may change after the account is opened. N/A means rates are not available or not offered at press time. Yields represent annual percentage yield (APY) paid by participating institutions. Fees may reduce
the earnings on the account. A penalty may be imposed for early withdrawal. Payout of interest is mandatory for certain non-compounding accounts Banks, thrifts, brokers and credit unions pay to advertise in the CD & Deposit Guide which is compiled by Bankrate.com®, a
publication of Bankrate, Inc. © 2011 To appear in this table, call 888-768-4243. To report any inaccuracies, call 888-509-4636. • http://mercurynews-financial-rates.infotrak.com

								
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