Thursday, January 30, 2003

Tristate summary

Pomeroy OKs share repurchase

Pomeroy Computer Resources Inc., the Hebron computer sales and services provider, said its board of directors has authorized the repurchase of an additional 100,000 shares of the company's stock.

The company said the repurchases, to be made on the open market at management's discretion, represent less than 1 percent of the company's outstanding shares.

LSI takes hit in second quarter

The sluggish economy cut into LSI Industries Inc.'s second-quarter earnings and revenues. The Blue Ash graphics and lighting provider said net income for the three months ended Dec. 31 fell 42 percent to $2.7 million, or 17 cents a share, from $4.6 million, or 29 cents a share, in the year ago period.

Revenues fell 25 percent to $57.3 million from $76.7 million a year ago.

LSI's shares were down a nickel at $10.07.

Cinergy plants' transfer accepted

Cinergy Corp.'s plan to transfer two power plants from its wholesale generation and trading business to its regulated Indiana utility unit was accepted by federal regulators.

The U.S. Federal Energy Regulatory Commission approved the transfer at a meeting in Washington, spokesman Kevin Cadden said Wednesday.

PSI Energy, Cinergy's Indiana utility, plans to buy two plants in Indiana and Ohio from Cinergy Capital & Trading. Staff and wire reports

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