2004 Buyback Companies, and their relative performance to the S&P500
( performance through Apr 11 2006, assumes buy on day after announcement )
Ticker Name Announcement
Date
2004 2005 2006 Cumulative
WMT WAL-MART STORES 1/5/04 -1.0% -11.4% -2.8% -14.7%
BSC BEAR STEARNS COS 1/7/04 27.3% 12.9% 21.3% 74.3%
PSFT PEOPLESOFT INC (acquired 1/10/05) 1/12/04 19.9% 0.0% 19.9%
MHS MEDCO HEALTH SOL 1/14/04 15.4% 34.1% -1.7% 52.1%
BMY BRISTOL-MYER SQB 1/15/04 -15.2% -10.3% 5.1% -20.0%
IP INTL PAPER CO 1/15/04 -3.7% -20.0% 2.6% -20.9%
WB WACHOVIA CORP 1/15/04 14.0% 0.5% 5.9% 21.3%
ZION ZIONS BANCORP 1/20/04 10.2% 11.1% 7.6% 31.8%
SOTR SOUTHTRUST CORP (acquired 11/01/04) 1/21/04 31.8% 31.8%
SYMC SYMANTEC CORP 1/21/04 35.1% -32.1% -3.7% -11.6%
LUV SOUTHWEST AIR 1/22/04 3.6% 0.9% 5.1% 9.9%
VZ VERIZON COMMUNIC 1/22/04 7.7% -25.6% 8.7% -12.9%
AT ALLTEL CORP 1/23/04 17.5% 7.4% 3.6% 30.8%
BDX BECTON DICKINSON 1/27/04 31.0% 5.8% 4.5% 44.8%
LEH LEHMAN BROS HLDG 1/27/04 7.3% 46.5% 15.5% 81.5%
BAC BANK OF AMERICA 1/28/04 16.1% -1.8% -1.3% 12.6%
MHP MCGRAW-HILL COS 1/28/04 21.0% 12.8% 11.2% 51.8%
WWY WRIGLEY WM JR CO 1/28/04 21.1% -3.9% -10.4% 4.3%
XEL XCEL ENERGY INC 1/29/04 5.1% 1.4% -2.3% 4.1%
AFL AFLAC INC 2/2/04 2.2% 16.5% -2.9% 15.5%
FDC FIRST DATA CORP 2/2/04 10.9% 1.1% 10.7% 24.1%
MDP MEREDITH CORP 2/2/04 7.3% -3.4% 6.0% 9.8%
WEN WENDY'S INTL INC 2/2/04 3.2% 40.8% 10.8% 61.0%
CTL CENTURYTEL INC 2/3/04 29.4% -6.5% 19.9% 45.0%
GCI GANNETT CO 2/9/04 -6.1% -25.9% -2.9% -32.4%
JP JEFFERSON-PILOT 2/9/04 -3.0% 9.6% -1.7% 4.5%
LNC LINCOLN NATL CRP 2/10/04 -0.1% 13.6% 5.2% 19.3%
MER MERRILL LYNCH 2/10/04 -1.9% 13.3% 13.9% 26.6%
PRU PRUDENTL FINL 2/10/04 17.7% 33.2% 2.9% 61.3%
RBK REEBOK INTL LTD 2/10/04 14.8% 32.3% 1.3% 53.9%
RX IMS HEALTH INC 2/10/04 -11.6% 7.4% 3.5% -1.8%
MAY MAY DEPT STORES 2/12/04 -15.5% 35.2% 14.2%
CTX CENTEX CORP 2/17/04 17.6% 20.0% -12.3% 23.8%
GDT GUIDANT CORP 2/17/04 13.0% -10.2% 19.2% 21.0%
MTB M&T BANK CORP 2/18/04 15.5% 1.1% 3.9% 21.4%
TXN TEXAS INSTRUMENT 2/19/04 -19.6% 30.3% 2.6% 7.4%
PNC PNC FINANCIAL SE 2/20/04 0.0% 7.6% 6.9% 15.0%
FO FORTUNE BRANDS 2/24/04 9.4% 7.5% 0.3% 17.9%
IBM IBM 2/24/04 2.1% -16.6% -1.3% -15.9%
NVLS NOVELLUS SYS 2/24/04 -15.0% -13.5% 0.5% -26.1%
LMT LOCKHEED MARTIN 2/26/04 20.0% 14.5% 14.9% 58.0%
LTD LIMITED BRANDS 2/26/04 16.6% -2.9% 7.7% 21.9%
SDS SUNGARD DATA SYS 2/26/04 -2.5% 40.3% 36.7%
CAH CARDINAL HEALTH 2/27/04 -11.5% 18.2% 1.9% 6.7%
FDC FIRST DATA CORP 2/27/04 3.9% 1.1% 10.7% 16.3%
HD HOME DEPOT INC 2/27/04 16.0% -5.3% 2.3% 12.5%
SPLS STAPLES INC 3/4/04 27.0% 1.1% 11.0% 42.4%
MXIM MAXIM INTEGRATED 3/10/04 -8.2% -14.5% 0.8% -20.9%
NSM NATL SEMICONDUCT 3/11/04 -11.3% 44.7% 10.0% 41.2%
PTV PACTIV CORP 3/15/04 16.9% -13.0% 6.6% 8.4%
AZO AUTOZONE INC 3/17/04 8.1% 0.5% 4.8% 13.9%
FCX FREEPORT-MCMOR-B 3/22/04 -1.8% 40.7% 14.5% 58.2%
CMA COMERICA INC 3/23/04 16.0% -7.0% 1.6% 9.6%
AMAT APPLIED MATERIAL 3/24/04 -21.3% 4.9% -2.4% -19.4%
PBG PEPSI BOTTLING 3/25/04 -9.0% 5.8% 10.0% 5.9%
CCU CLEAR CHANNEL 3/30/04 -20.9% -2.0% -9.5% -29.9%
CVX CHEVRON CORP 3/31/04 19.4% 8.1% 4.7% 35.2%
ABI APPLIED BIOSYSTE 4/5/04 3.6% 27.0% 0.5% 32.3%
DELL DELL INC 4/8/04 17.7% -28.9% -1.0% -17.1%
NYT NEW YORK TIMES-A 4/13/04 -13.0% -35.2% -5.0% -46.4%
PPG PPG INDS INC 4/15/04 11.3% -15.1% 8.2% 2.2%
ROK ROCKWELL AUTOMAT 4/16/04 43.2% 19.4% 20.1% 105.4%
FHN FIRST HORIZON NA 4/20/04 0.3% -10.8% 6.5% -4.8%
FDO FAMILY DOLLAR ST 4/22/04 -6.1% -20.6% 3.9% -22.6%
TSG SABRE HOLDINGS-A 4/22/04 -13.5% 8.8% -6.0% -11.5%
XLNX XILINX INC 4/22/04 -18.9% -15.0% 3.1% -28.9%
HDI HARLEY-DAVIDSON 4/26/04 5.7% -15.2% 2.9% -7.8%
HBAN HUNTINGTON BANC 4/27/04 15.2% -4.0% -0.8% 9.7%
PBI PITNEY BOWES INC 4/27/04 4.4% -8.7% 1.6% -3.1%
PCAR PACCAR INC 4/27/04 41.7% -14.0% 2.5% 24.9%
WFC WELLS FARGO & CO 4/27/04 10.4% 1.1% 2.5% 14.4%
ACS AFFIL COMPUTER-A 4/29/04 24.1% -1.7% 0.3% 22.4%
ET E*TRADE FINANCIA 4/29/04 31.6% 39.5% 25.0% 129.5%
AET AETNA INC 4/30/04 48.9% 51.2% -3.3% 117.8%
MAR MARRIOTT INTL-A 4/30/04 31.6% 6.3% 4.9% 46.7%
MET METLIFE INC 5/4/04 18.9% 21.0% 0.7% 44.8%
SPG SIMON PROPERTY 5/6/04 41.3% 18.5% 4.5% 74.9%
UPS UNITED PARCEL-B 5/6/04 22.6% -12.1% 8.1% 16.6%
PBI PITNEY BOWES INC 5/10/04 6.3% -8.7% 1.6% -1.4%
GCI GANNETT CO 5/12/04 -6.1% -25.9% -2.9% -32.4%
PFG PRINCIPAL FINL 5/12/04 18.7% 15.9% 3.0% 41.6%
CSCO CISCO SYSTEMS 5/13/04 -9.0% -11.4% 22.8% -1.0%
FCX FREEPORT-MCMOR-B 5/13/04 32.6% 40.7% 14.5% 113.7%
LTD LIMITED BRANDS 5/17/04 18.1% -2.9% 7.7% 23.6%
NTAP NETWORK APPLIANC 5/18/04 72.0% -18.7% 34.9% 88.7%
BLI BIG LOTS INC 5/19/04 -9.7% -1.0% 10.5% -1.2%
FDC FIRST DATA CORP 5/19/04 0.5% 1.1% 10.7% 12.5%
INTU INTUIT INC 5/19/04 15.0% 21.1% 0.7% 40.3%
YUM YUM! BRANDS INC 5/20/04 29.7% -0.6% 1.7% 31.2%
EOP EQUITY OFFICE PR 5/24/04 9.1% 4.2% 8.5% 23.2%
MCO MOODY'S CORP 5/24/04 32.4% 41.4% 13.6% 112.6%
TJX TJX COS INC 5/24/04 1.3% -7.6% 4.3% -2.3%
HD HOME DEPOT INC 5/26/04 19.3% -5.3% 2.3% 15.6%
SVU SUPERVALU INC 5/26/04 11.5% -5.9% -9.1% -4.7%
HPQ HEWLETT-PACKARD 5/28/04 -0.9% 36.5% 13.7% 53.7%
KMB KIMBERLY-CLARK 6/8/04 1.2% -9.4% -4.2% -12.1%
APC ANADARKO PETROLE 6/9/04 12.8% 46.2% 11.6% 84.0%
HRB H&R BLOCK INC 6/9/04 3.9% 0.2% -9.7% -6.0%
TGT TARGET CORP 6/9/04 13.5% 5.9% -6.9% 11.9%
APCC AMER POWER CONV 6/14/04 13.1% 2.8% 1.2% 17.7%
ZION ZIONS BANCORP 6/14/04 12.9% 11.1% 7.6% 35.0%
CC CIRCUIT CITY STO 6/15/04 23.1% 44.4% 8.9% 93.6%
FITB FIFTH THIRD BANC 6/15/04 -13.3% -20.3% 4.1% -28.0%
WHR WHIRLPOOL CORP 6/16/04 3.2% 21.0% 7.7% 34.5%
BBY BEST BUY CO INC 6/24/04 13.4% 9.8% 30.2% 62.0%
NKE NIKE INC -CL B 6/24/04 20.4% -4.3% -5.0% 9.5%
APOL APOLLO GROUP-A 6/30/04 -9.2% -25.1% -12.7% -40.6%
COL ROCKWELL COLLINS 6/30/04 17.3% 17.8% 19.6% 65.3%
TXU TXU CORP 6/30/04 57.1% 55.5% -10.6% 118.3%
GCI GANNETT CO 7/13/04 0.3% -25.9% -2.9% -27.8%
MER MERRILL LYNCH 7/13/04 20.0% 13.3% 13.9% 54.8%
WAG WALGREEN CO 7/14/04 3.2% 15.4% -2.8% 15.6%
R RYDER SYSTEM INC 7/19/04 19.2% -14.1% 12.6% 15.2%
CMX CAREMARK RX INC 7/20/04 26.5% 31.3% -8.9% 51.4%
FD FEDERATED DEPT 7/20/04 25.4% 14.8% 11.8% 60.9%
FRX FOREST LABS INC 7/20/04 -9.8% -9.3% 5.1% -14.0%
LLTC LINEAR TECH CORP 7/20/04 4.0% -6.9% -0.6% -3.8%
MSFT MICROSOFT CORP 7/20/04 -7.4% -2.1% 3.7% -6.0%
CCU CLEAR CHANNEL 7/21/04 -6.3% -2.0% -9.5% -16.9%
JPM JPMORGAN CHASE 7/21/04 6.1% 1.7% 4.8% 13.1%
DGX QUEST DIAGNOSTIC 7/22/04 14.3% 7.8% -3.4% 19.1%
JNS JANUS CAPITAL GR 7/22/04 17.9% 10.8% 23.1% 60.8%
KMB KIMBERLY-CLARK 7/22/04 3.9% -9.4% -4.2% -9.8%
TMO THERMO ELECTRON 7/22/04 12.9% -0.2% 19.0% 34.1%
TSG SABRE HOLDINGS-A 7/22/04 -10.9% 8.8% -6.0% -8.8%
KEY KEYCORP 7/23/04 14.5% -2.9% 11.8% 24.4%
ESRX EXPRESS SCRIPT 7/27/04 6.4% 119.3% 0.1% 133.6%
JNY JONES APPAREL 7/27/04 0.8% -16.0% 12.4% -4.8%
KRI KNIGHT RIDDER 7/27/04 3.7% -5.4% -1.0% -2.9%
VRTS VERITAS SOFTWARE 7/27/04 54.5% -17.3% 27.7%
BLL BALL CORP 7/28/04 21.5% -9.7% 5.4% 15.6%
CMCSA COMCAST CORP-A 7/28/04 20.8% -22.1% 6.4% 0.1%
HSY HERSHEY CO/THE 7/28/04 16.3% -0.5% -9.2% 5.0%
MERQ MERCURY INTERACT 7/28/04 25.5% -39.0% 29.5% -0.8%
UCL UNOCAL CORP 7/28/04 13.2% 52.9% 73.0%
ETR ENTERGY CORP 8/2/04 15.4% 1.6% -0.7% 16.4%
MOLX MOLEX INC 8/2/04 4.6% -13.5% 34.1% 21.3%
SAFC SAFECO CORP 8/2/04 12.2% 8.2% -12.1% 6.6%
IR INGERSOLL-RAND-A 8/4/04 23.0% 0.5% 4.3% 29.0%
PTV PACTIV CORP 8/4/04 9.1% -13.0% 6.6% 1.1%
HD HOME DEPOT INC 8/6/04 29.9% -5.3% 2.3% 25.9%
MBI MBIA INC 8/6/04 17.3% -4.9% -3.6% 7.5%
EFX EQUIFAX INC 8/9/04 17.4% 35.3% -5.2% 50.5%
NVDA NVIDIA CORP 8/9/04 121.6% 55.2% 60.1% 450.7%
ADI ANALOG DEVICES 8/12/04 10.0% -2.8% 5.2% 12.4%
AMCC APPLIED MICRO CI 8/12/04 37.6% -39.0% 41.2% 18.6%
ABC AMERISOURCEBERGE 8/13/04 13.9% 41.1% 10.5% 77.7%
STJ ST JUDE MEDICAL 8/16/04 26.5% 19.7% -26.3% 11.7%
WWY WRIGLEY WM JR CO 8/18/04 10.5% -3.9% -10.4% -4.8%
LTD LIMITED BRANDS 8/19/04 15.2% -2.9% 7.7% 20.5%
JWN NORDSTROM INC 8/25/04 25.4% 60.1% 3.8% 108.4%
SUN SUNOCO INC 9/2/04 32.2% 91.8% 0.3% 154.4%
ALTR ALTERA CORP 9/13/04 2.6% -10.5% 12.2% 3.0%
PGR PROGRESSIVE CORP 9/13/04 -0.2% 37.6% -12.5% 20.3%
KR KROGER CO 9/16/04 11.6% 7.6% 5.1% 26.3%
ODP OFFICE DEPOT INC 9/16/04 16.4% 80.9% 19.8% 152.3%
TXN TEXAS INSTRUMENT 9/16/04 11.5% 30.3% 2.6% 49.0%
HPQ HEWLETT-PACKARD 9/20/04 12.1% 36.5% 13.7% 74.0%
NVLS NOVELLUS SYS 9/20/04 2.5% -13.5% 0.5% -10.9%
SBUX STARBUCKS CORP 9/23/04 38.5% -3.8% 25.2% 66.8%
TEK TEKTRONIX INC 9/23/04 -7.6% -6.6% 21.9% 5.1%
AET AETNA INC 9/24/04 30.0% 51.2% -3.3% 90.1%
DVN DEVON ENERGY CO 9/27/04 7.9% 60.7% -3.3% 67.6%
NXTL NEXTEL COMM-A 9/27/04 28.1% 11.0% 42.2%
DRI DARDEN RESTAURAN 9/28/04 18.6% 40.2% 1.0% 67.8%
WMT WAL-MART STORES 9/29/04 -0.7% -11.4% -2.8% -14.5%
STA ST PAUL TRAVELER 10/4/04 11.4% 20.5% -8.0% 23.5%
HIG HARTFORD FINL SV 10/5/04 8.8% 23.9% -5.1% 28.0%
LTD LIMITED BRANDS 10/6/04 1.0% -2.9% 7.7% 5.6%
GPS GAP INC/THE 10/7/04 10.3% -16.5% 1.8% -6.3%
FDC FIRST DATA CORP 10/13/04 5.2% 1.1% 10.7% 17.8%
HCA HCA INC 10/13/04 11.8% 26.4% -12.4% 23.8%
CD CENDANT CORP 10/19/04 6.8% -22.6% -4.0% -20.6%
EK EASTMAN KODAK 10/19/04 9.3% -27.4% 16.4% -7.7%
PLL PALL CORP 10/19/04 16.8% -7.2% 11.3% 20.6%
CL COLGATE-PALMOLIV 10/20/04 11.6% 7.2% 4.0% 24.4%
SYMC SYMANTEC CORP 10/20/04 -14.4% -32.1% -3.7% -44.0%
SOV SOVEREIGN BANCOR 10/21/04 6.2% -4.1% 2.4% 4.3%
BR BURLINGTON RES 10/21/04 2.4% 98.2% 6.6% 116.4%
CCL CARNIVAL CORP 10/25/04 14.2% -7.2% -12.6% -7.4%
KMB KIMBERLY-CLARK 10/25/04 10.6% -9.4% -4.2% -3.9%
TXU TXU CORP 10/25/04 5.6% 55.5% -10.6% 46.7%
WAT WATERS CORP 10/25/04 19.4% -19.2% 12.1% 8.1%
BSX BOSTON SCIENTIFC 10/26/04 0.8% -31.1% -12.8% -39.5%
GCI GANNETT CO 10/26/04 -1.9% -25.9% -2.9% -29.4%
IBM IBM 10/26/04 9.5% -16.6% -1.3% -9.8%
MET METLIFE INC 10/26/04 8.1% 21.0% 0.7% 31.7%
BIIB BIOGEN IDEC INC 10/27/04 11.7% -32.0% -2.1% -25.7%
NCR NCR CORP 10/27/04 28.5% -2.0% 22.5% 54.4%
NOC NORTHROP GRUMMAN 10/27/04 4.1% 10.6% 14.6% 31.9%
CIN CINERGY CORP 10/28/04 5.3% 2.0% 6.9% 14.9%
FII FEDERATED INV-B 10/28/04 4.9% 21.8% 1.6% 29.9%
PFE PFIZER INC 10/28/04 -7.1% -13.3% 4.4% -15.9%
VIA VIACOM INC-A 10/28/04 -0.3% -3.8% -4.1%
GLW CORNING INC 10/29/04 0.9% 67.0% 33.1% 124.3%
LXK LEXMARK INTL-A 10/29/04 3.5% -47.3% 0.8% -45.0%
CBE COOPER INDS-A 11/2/04 5.9% 7.5% 15.6% 31.7%
GTW GATEWAY INC 11/2/04 3.8% -58.2% -18.3% -64.6%
GPS GAP INC/THE 11/4/04 -5.6% -16.5% 1.8% -19.8%
UNH UNITEDHEALTH GRP 11/5/04 10.8% 41.2% -17.0% 29.8%
MMM 3M CO 11/8/04 1.1% -5.6% 4.2% -0.5%
ALL ALLSTATE CORP 11/9/04 4.3% 4.5% -6.6% 1.9%
CSCO CISCO SYSTEMS 11/9/04 4.8% -11.4% 22.8% 14.0%
INTC INTEL CORP 11/10/04 0.9% 6.7% -23.2% -17.3%
ADM ARCHER-DANIELS 11/12/04 7.9% 10.5% 48.2% 76.7%
CINF CINCINNATI FIN 11/12/04 1.2% 6.0% -6.8% 0.0%
BDX BECTON DICKINSON 11/23/04 4.8% 5.8% 4.5% 15.9%
DE DEERE & CO 12/1/04 4.8% -8.5% 18.9% 14.0%
DGX QUEST DIAGNOSTIC 12/1/04 1.3% 7.8% -3.4% 5.5%
ROK ROCKWELL AUTOMAT 12/1/04 7.8% 19.4% 20.1% 54.6%
RTN RAYTHEON CO 12/1/04 -5.2% 3.4% 9.9% 7.6%
GPS GAP INC/THE 12/2/04 -1.7% -16.5% 1.8% -16.4%
UCL UNOCAL CORP 12/3/04 -0.2% 52.9% 52.6%
KMB KIMBERLY-CLARK 12/6/04 3.0% -9.4% -4.2% -10.6%
K KELLOGG CO 12/7/04 2.9% -3.2% 1.3% 0.9%
PCAR PACCAR INC 12/7/04 3.7% -14.0% 2.5% -8.5%
ROH ROHM & HAAS CO 12/7/04 1.9% 9.5% 2.3% 14.2%
BR BURLINGTON RES 12/8/04 3.1% 98.2% 6.6% 117.7%
CSX CSX CORP 12/8/04 5.6% 26.7% 26.4% 69.2%
ECL ECOLAB INC 12/9/04 0.7% 3.2% 3.1% 7.2%
SCHW SCHWAB (CHARLES) 12/9/04 6.2% 22.7% 20.9% 57.5%
ADSK AUTODESK INC 12/10/04 10.1% 13.1% -0.4% 24.0%
GE GENERAL ELECTRIC 12/10/04 -2.6% -4.0% -2.9% -9.2%
CAH CARDINAL HEALTH 12/13/04 3.3% 18.2% 1.9% 24.5%
DGX QUEST DIAGNOSTIC 12/15/04 1.7% 7.8% -3.4% 5.9%
ET E*TRADE FINANCIA 12/15/04 1.8% 39.5% 25.0% 77.6%
RX IMS HEALTH INC 12/15/04 -0.2% 7.4% 3.5% 10.8%
PCG PG&E CORP 12/16/04 1.5% 11.5% 5.6% 19.6%
RRD RR DONNELLEY & S 12/16/04 3.5% -3.1% -3.9% -3.6%
UST UST INC 12/16/04 2.6% -15.1% 1.3% -11.8%
MTB M&T BANK CORP 12/20/04 1.2% 1.1% 3.9% 6.4%
NCC NATL CITY CORP 12/21/04 -0.5% -10.6% 3.3% -8.2%
USB US BANCORP 12/21/04 -0.6% -4.6% 1.6% -3.6%
2004 2005 2006 Cumulative
Average 9.9% 6.5% 4.7% 23.9%
Stdev 15.8% 25.6% 11.3% 47.2%
Count 233 232 224 233
% Positive 79.0% 53.9% 69.2% 70.4%
SP 7.41% 3.00% 3.07% 14.0%
Diff 2.52% 3.50% 1.66% 9.92%