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Volume 24 No. 132


          NASDAQ "halted trading of shares" of The North Face on
     Thursday as "shareholder lawsuits mounted against" the CO
     sporting goods company, according to Dina Bunn of the ROCKY
     MOUNTAIN NEWS.  Groups of shareholders filed "five separate
     class-action suits against" The North Face following the
     company's announcement that it is "auditing its accounting
     procedure and expects to restate its financial reports" for
     '97 and '98.  The complaints allege The North Face
     executives reported "false financial results and exaggerated
     sales increases, which led to inflated stock prices." 
     Shares of The North Face are down 52% from a high of $27 on
     March 11 of last year.  The stock closed at $13 on Thursday
     when trading stopped (ROCKY MOUNTAIN NEWS, 3/12).
          IN FOCUS: The North Face is the subject of the WALL
     STREET JOURNAL's "Corporate Focus" and Coleman & Berner
     write, "Just because urban kids are falling in love with a
     brand of apparel doesn't mean investors should" (WSJ, 3/12).

          Ogden Corp. "intends to break its three business lines
     into two publicly traded companies in an effort to prop up
     its lagging share price," according to Allanna Sullivan of
     the WALL STREET JOURNAL.  The company "said it will put its
     entertainment and aviation businesses into one company and
     its energy operations into another company in a deal that
     Ogden executives hope will be done on a tax-free basis." 
     Ogden will first sell "as much" as 20% of the "newly created
     entertainment and aviation company" in an IPO this fall and
     then "spin off the remainder to shareholders by year end." 
     Ogden Chair R. Richard Ablon will run the entertainment and
     aviation division (WALL STREET JOURNAL, 3/12).