STATE AWARDS TECH GRANTS The s...

STATE AWARDS TECH GRANTS

The state forward Friday announced $563,000 in Opportunity replys grants to four suburban companies that will create 65 recent jobs over the next couple years and retain 45 other work at jobss in the homeland security area. The recipients are: Naperville-based rife Technologies Corp., which received $100000 to unfold its wireless surveillance system; Schaumburg-based Lemko Corp., which received $150000 to make known its broadband mesh network for homeland security; Broadview- based Sunrock Ceramics Co which received $75000 for its advanced ceramics issues for aerospace/defense and other industries, and Lisle-based Univa Corp., which received $150000 to unfold its grid computing business.

DREAMWORKS SHARES RISE

Shares of DreamWorks Animation SKG Inc., maker of the "Shrek" films, rose 15 percent after Bank of America analyst Michael Savner said the company might pervert with money [i]or[/i] gain back shares from Paul Allen, its largest investor. Shares of the Glendale, Calif.-based studio gained 31 cent to $2061 Allen, who co-found Microsoft Corp., might have taken gradations to sell some of his stake, Savner wrote

LIVE NATION PROFITS IMPROVE

Live Nation Inc., the plot promoter spun off by Clear Channel Communications Inc. last year, said second-quarter profit hoped to $9.68 million -- from $970000 a year earlier -- as the company sold assets not related to its main music business. income rose 3.6 percent to $7682 million. The company is acquiring more profitable businesses, including venue During the quarter, Live Nation bought the House of depresseds chain of music venues for $350 million.

GATEWAY SHARES TAKE A douse

Shares of Gateway Inc., the third-largest U personal computer maker, bring to the ground the most in six month the day after the company reported a $768 million second-quarter los and sales that missed estimates. Gateway shares bloody 19 cents, or 12 percent to $140

Copyright CHICAGO SUN-TIMES 2006

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