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BAD FINANCIAL NEWS AGAIN

Both of America's publicly traded wind companies made the financial news reports last month -- and in both cases it was because of bad news. New World Power Corp and Kenetech Corp were each among the stocks that plummeted most on October 20 on the entire Nasdaq exchange, based on a percentage change for that day. Both the Dow Jones and AP wires highlighted the companies as among the 12 and 20 largest losers of the day.

xNew World was the day's largest loser, closing at 2, down 1 or 33.3%. No reason for the drop of its stock was immediately apparent. Kenetech's drop was less of a mystery, occurring on the heels of its announcement that Jean-Yves Dexmier had resigned as chief financial officer, effective immediately. Kenetech was the day's ninth largest loser, closing at 4 1/4, down 1 or 19.0%.

The company's Bud Grebey says Dexmier resigned over "different expectations" of the scope of his responsibilities. Grebey would not comment on the speculation that the resignation was the fall out of Dexmier trying and failing to oust board chairman Gerald Alderson in August.

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