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Tuesday, December 3, 2002

Morning Memo


Hot tips and news to start your business day

Today's number: 480 million - Shares that computer-chip giant Intel Corp. announced that it has authorized to buy back, about 7.3 percent of its stock.

Today's mover: Kimberly Trapp has joined Bobcat Enterprises as director of administration. Ms. Trapp was director in the analytical insights group at Information Resources Inc. She has a bachelor's degree in business from Miami University and a master's degree in business administration from Xavier University.

Today's money tip: Instead of trying to pick one mutual fund from the universe of more than 6,000, try the process of elimination. Using a screening service such as Morningstar.com, you can choose criteria such as type of fund, tenure of fund manager, expense ratio and long-term returns. The more specific your criteria, the fewer choices you'll have and the easier your decision will be.

Today's career tip: What do your clothes say about you? Well, don't expect anybody to actually tell you that, Kim Johnson Gross and Jeff Stone say in Dress Smart - Men: Wardrobes that Win in the New Workplace. "Like having bad breath or spinach in your teeth, people are not likely to tell you when you are dressed inappropriately," the authors say. "The goal is to determine the ultimate message you want to send. And for the most part, that message is simple. You want to appear competent at all times and show people that you belong."

Today's Company: LEM Products

HUNTERS' HELPER: Larry Metz combined his training as a meat cutter and his love of hunting into a hobby, teaching fellow hunters how to process properly the meat of animals they killed. The hobby became a profitable enterprise, and for the past nine years LEM has provided game-processing equipment to sportsmen. Products include knives, meat and grain grinders, sausage-making equipment, saws, and do-it-yourself books and videos.

GROWING FAST: This fall, the Harrison-based business was included in "Inc." magazine's "Inc. 500," which ranks the nation's 500 leading entrepreneurial firms, based on sales growth over the previous five years. LEM Products has achieved 595 percent growth since 1997 and ranked 402nd.To be eligible for this year's "Inc. 500", companies had to have at least $200,000 in sales in the base year (1997), and sales in 2001 had to exceed those in 2000.

REACHING ITS MARKET: LEM Products employs 14 people. It wholesales to major sporting goods retailers and retails its products directly to hunters and other meat-processing enthusiasts through its catalog and online at www.lemproducts.com.

Jenny Callison



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