ISSUE DATE: FEBRUARY 26, 2001
BW Magazine
Includes all domestic and international editions of Business Week. All stories and related tables, charts, photos, and sidebars are available each Thursday ONLY to paid Business Week subscribers (click here to subscribe). SELECTED stories (preceded by a •) are available free on the Monday after the issue is published online.


COVER STORY

Hedge Funds Are Hot Again
And they're no longer just for the superwealthy. But should you jump in?
      COVER IMAGE: Hedge Funds Are Hot Again
      CHART: Hedge Funds Have It
      Hedge Funds 101
      Intrepid Capital Management
         TABLE: Intrepid Capital Management
         PHOTO: Intrepid Capital Management's Shapiro and Au
      Viking Global Investors
         TABLE: Viking Global Investors
      SAC Healthco
         TABLE: SAC Healthco
      You're Entering a Regulator-Free Zone
      Commentary: The Wrong Way to Regulate Hedge Funds
         PHOTO: State Street's Persaud
 

INTERNATIONAL -- ASIAN COVER STORY

India 3.0
Bangalore wants to move beyond simple code. Good idea -- or self-delusion?
      ASIAN COVER IMAGE: India 3.0
      TABLE: Software Ambitions
      TABLE: India's Tech Sector Is a Jewel...
      TABLE: ...But Must Add Value to Shine On...
      CHART: ...And Meet Investors' Demands
      PHOTO: Wipro's Vivek Paul
 

UP FRONT

  Talk Show
  And It Comes with Formaldehyde
  How Tinmen Smelt a Quick Profit
  May the Best Tan Win
  TABLE: A Merger of Equals?
  Trying to Hustle Up a Few Slots
  No Dream: California Skies Are Bluer
  Wash Away Your Sins on the Web
  CHART: Value That Dollar!
  Footnotes
 

READERS REPORT

Making the Tax Cut Efficient and Fair
The Dot-Calm before the Layoff Storm?
From FASB, an Extra Bonus
Can Anyone Fix the Litigation Machine?
Soy Protein Is a Healthy Food, Too
California's Energy Users Deserve More Credit
Education Reform: Take the Chance
 

CORRECTIONS & CLARIFICATIONS

''Taunting McCain?'' (Capital Wrapup, Feb. 12, 2001)
''Frankensmokes? Not in Dixie'' (Up Front, Feb. 19, 2001)
 

BOOKS

When the Valley Discovered Politics
      PHOTO: Cover, ''How to Hack a Party Line''
Take It Easy
      PHOTO: Cover, ''The Future of Success''
Make It Easy
      PHOTO: Cover, ''The Unfinished Revolution''
 

TECHNOLOGY & YOU

Call Me Back on My Handheld
      PHOTO: Kyocera Smartphone
 

ECONOMIC VIEWPOINT

Boy, We Really Need a Tax Cut
 

ECONOMIC TRENDS

Fixing the Dents in Savings Data
      CHART: Wages Keep Up with Spending
No Way Out of the Nurse Shortage
      CHART: Hospital Wages Accelerate
Are VC Startups Run Better?
 

BUSINESS OUTLOOK

U.S.: Adjusting to Slower Growth Needn't Be Traumatic
      CHART: January Store Sales Bounce Back
      CHART: Inventory Building Cools Off Sharply
      CHART: Productivity Falls to Earth
Australia: Rate Cuts to the Rescue
      CHART: Joblessness Is on the Rise
 

NEWS: ANALYSIS & COMMENTARY

  Tax Cuts: The Coming Battle
      CHART: Tax Cuts: How Much Difference?
      TABLE: The Democratic Alternative
      Commentary: A Better Way to Use All That Dough
         CHART: How Far Can $1.6 Trillion Go?
  Whose 100 Days Are They, Anyway?
      TABLE: Dueling Agendas
  And Now, a Luxury Hyundai
      CHART: In the Fast Lane
  Nice Job on the Genome. Now, Let's See Some Profits
      TABLE: Evolution of the Gene Sleuths
  Commentary: Now, Napster Can Get Down to Business
      CHART: Building Steam
  It's Getting Quieter in the Advice Business
      CHART: Consulting Starts to Slow
Commentary: Caution: Single-Stock Futures Ahead
 

IN BUSINESS THIS WEEK

  Richard Belluzzo: Sweeter the Second Time Around?
  Patent Pounding at Amazon
  A Four-Wheel Retirement Plan
  $10 Million: Par for the Course
  Citi Heads for the Burbs
  A New Chef at Williams-Sonoma
  Et Cetera...
  Cold Snap
      CHART: ConAgra Stock Price
 

WASHINGTON OUTLOOK

  Tougher Bankruptcy Laws--Compliments of MBNA?
  Bush vs. Labor?
  ANWR Oil: Support Sinks
 

INTERNATIONAL BUSINESS

Mitsubishi and Chrysler: Riding Together
      TABLE: Moving in Common
  Commentary: Get Out of the Way of Bank Mergers
 

INTERNATIONAL OUTLOOK

  Can Bush Break the Stalemate with Iraq?
  Election Fever in Poland
 

CORPORATE SCOREBOARD

Profits: It's Not a Very Pretty Picture
      TABLE: The Leaders in 2000 Sales and Profits
      A Spotlight on 2000 Profits (.pdf)
      The Wild Card: Consumer Confidence
         CHART: Consumers Grow Nervous
      SCOREBOARD: Fourth Quarter and Full Year Corporate Scoreboard (.pdf)
 

MARKETING

  Consumers in the Mist
      TABLE: Home Is Where the Research Is
 

THE WORKPLACE

  Commentary: Low-Skilled Jobs: Do They Have to Move?
      TABLE: Alternative Path
 

LEGAL AFFAIRS

Labor Laws Apply to Dot-Coms? Really?
      TABLE: Disappointment Litigation Is on the Rise
 

INFORMATION TECHNOLOGY

Q&A: The Oracle Speaks
  Can Mike Volpi Make Cisco Sizzle Again?
      TABLE: Volpi's Game Plan
      CHART: Cisco's Slowing Revenue Growth
      CHART: Cisco's Stock Slide
 

SCIENCE & TECHNOLOGY

  Reinventing the Power Grid
      TABLE: Electricity for Tomorrow
      TABLE: Players in Distributed Power
      GRAPHIC: How It Works
 

DEVELOPMENTS TO WATCH

  This Plumber's Helper Could Get a Promotion
  Cells That Fight MS?
  Of Mice and Men...And Fat
  Innovations
 

SPORTS BUSINESS

  Nike: Great Balls Afire. Will Golf Clubs Be Next?
 

BUSINESSWEEK LIFESTYLE

For Big-League Dreamers, Big-League Camps
      TABLE: Sports Spectaculars
Click Here for Your Fantasy (Getaway)
My Friend the Dolphin
      TABLE: SeaWorld Trainer for a Day
One Word for a Cool Vacation: Mush!
      MAP: Canada
      TABLE: Doggin' It
My Castle Is Your Castle
      TABLE: Where to Find an Irish Castle
Two Tastes of Provence
      MAP: France
      TABLE: Feasting at Lourmarin
An Ashram with a View
      TABLE: Enlightening Getaways
 

BUSINESSWEEK INVESTOR

Figuring the Cost of a Free Trip
      TABLE: Up, Up, and Away
 

THE BARKER PORTFOLIO

A Yardstick for AOL Time Warner
      CHART: Levin's 'Monetization Machine'?
 

INSIDE WALL STREET

Uniting with Unisys?
      CHART: A Tech Survivor
Why Nautica Is Zipping Right Up
      CHART: Uncommon Flair
Recovery May Be in Maxygen's Genes
      CHART: A Highflier That Crashed
 

FIGURES OF THE WEEK

  Figures of the Week (.pdf)
The Week Ahead
  Production Index Components
 

EDITORIALS

  Tax Cuts: Let the Negotiations Begin
  Two Opposing Scenarios for the Economy
 

INTERNATIONAL -- EDITOR'S MEMO

  Scanning the Globe for Art (int'l edition)
 

INTERNATIONAL -- LETTER FROM NEW MEXICO

Santa Fe's High-Tech Chaparral (int'l edition)
      MAP: New Mexico
 

INTERNATIONAL -- SPOTLIGHT ON BRAZIL

Recife's Waterfront Is Going Digital...And Its Favela Is Staying Put (int'l edition)
      MAP: Brazil
 

INTERNATIONAL -- READERS REPORT

Thailand's New President: The People's Choice (int'l edition)
The Invisible Hand Needs a Leg Up (int'l edition)
 

INTERNATIONAL -- ASIAN BUSINESS

REITs Are Learning to Speak Japanese (int'l edition)
      TABLE: The Ins and Outs of REITs...
 

INTERNATIONAL -- EUROPEAN BUSINESS

Europe's Flag Airlines: Going Nowhere (int'l edition)
      TABLE: A Glut of Airlines
Siemens: Too Big to Avoid Getting Hurt? (int'l edition)
      TABLE: Red Flags
An Italian Underdog Develops a Bite (int'l edition)
      TABLE: Tiscali Takes On the Telcos
 

INTERNATIONAL -- LATIN AMERICAN BUSINESS

Brazil's Thriving Gray Market for the Greenback (int'l edition)
      TABLE: Who Uses the Paralelo?
Commentary: Mexico: The Olive Branch Could Bear Fruit for Fox (int'l edition)
 

INTERNATIONAL -- FINANCE

Citibank Conquers Asia (int'l edition)
      CHART: Citibank Sells Safety in Asia
The Thrill Is Gone for European IPOs (int'l edition)
      TABLE: Alive and Kicking
 

INTERNATIONAL -- INT'L FIGURES OF THE WEEK

International Figures of the Week (.pdf) (int'l edition)
 

INTERNATIONAL -- EDITORIALS

  One Vote for the Bank of Japan (int'l edition)
  Hey, EU, Lay Off the Irish (int'l edition)
 

ARTICLES PREVIOUSLY PUBLISHED IN INTERNATIONAL EDITIONS

February 19, 2001
  Letter From Georgia: A Wine Region Waiting to Ripen


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Cover Typography by Daniel Pelavin



Asian Cover
Illustration by Mick Wiggins

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For articles in the February 26 domestic edition previously published in international editions


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